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Warren’s successor has to prove himself as the chairman. The Buffet premium on the stock is gone. Greg Abel, from what i read, is a very capable manager. We will miss Warren Buffet.
Depending on how hard BRK tanks after Warren passes, I would be…
Warren will be the Chairman. Greg will become the CEO. Looking forward to the leadership transition because Greg has the skills that Berkshire needs at this time. Warren has never wanted to be an operator.
Very unlikely to outperform a very low cost S&P500 index, like VOO, over the long term. Friction costs such as higher expense ratio and bid/ask spread are the primary factors.
@masterd, you read my mind. I have been dollar cost average in building a position in BRKB since Buffet is turning the rein to Abel. This is our only US stock that is being added. Bonds, in our opinion, offer more compelling opportunity, especiall…
My SIL has been buying 50/50 VOO/QQQ for years now. He can already retire.
In the early 1990s, a good friend invested in ten individual stocks, putting about $3,000 into each. The rest of his monthly contributions went into the S&P 500.
Nine of…
Howard Marks is one of the less than a handful of people worth listening to regarding investing. His Memo is the first thing Warren reads when he sees it in his email inbox. I would highly recommend reading his books as well.
A good enough portfolio is good enough, Charlie Munger talked about this quite a bit. He owned only a few investments (Berkshire Hathaway, Costco, Li Lu’s Fund, Daily Journal, and some apartment buildings). Would often say it wasn’t a perfect por…
Sold my entire CAT position (200 shares) which was purchased in April. Reason was price appreciation. Purchased at $290/share and sold at $583/share. Sold entire GOOG position (900 shares) for the same reason, plus reducing AI exposure. Bought …
Greatly appreciate everyone’s comments. Still doing due diligence on the stock. I’m not looking for HRs, but rather consistent low risk singles hitters.
Not sure how many know that M* does a lot of stock analysis. I’m a subscriber. Little experience however using their metrics. FWIW they are favorably disposed toward OTIS and have a fair value of $106, substantially above its recent close.
Baron’…
I owned OTIS when it spun off of UTX, along with CARR and RTX. I did sell at some point. I have always considered it a good company, as you say "not flashy" and wide moat.
I tend to compare any stock to the S&P. If it cannot beat the S&P l…
Read the Barron’s article and would not buy any of the three. TROW is a crap show. The company is poorly managed and their best days are in the rear view mirror. I would buy BLK, but only at a lower entry price.
I like to use StockRover. They're calling it a HOLD, currently. Their call is for 8.65% upside to target share price. (1 year.) P/E is 24.2 and that's already too rich for my blood. A solid company that's been around forever, you're right. I like th…
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.”
― Mark Twain
Here’s what I know for sure….I would never pay a fee to have someone else manage my money. So all actively managed funds would …
It has underperformed both VWELX and VBINX
???
PRWCX 5 year performance (through 9/26/25): 11.65% (annualized)
VWELX 5 year performance (through 9/26/25): 10.52%
VBINX 5 year performance (through 9/26/25): 9.25%
Portfolio Visualizer gives similar…
Look at the last five years performance for PRWCX. It has underperformed both VWELX and VBINX. High fees and TROW’s inability to attract and retain talent in their research analysts division has led to underperforming funds. This trend will conti…
Why would anyone invest with TROW nowadays? This company is not what it used to be in prior decades. Their lineup of funds have lagged. And, PRWCX will not be what it has been in the past. It is hard for the firm to attract top talent. Just buy…
That is why I migrated to index funds over time to minimize capital gains. Still have dividends to pay, but that is okay.
New manager(s) likes to change more than few stock holdings and capital gains are passed on. We left Mutual Discovery when Mi…
The announcement was not really a surprise. Greg has been running Berkshire for a while. He’s actually better suited for the job than Warren, because he’s an outstanding operator. Warren and Charlie avoided anything and everything that had to wit…
I've been opportunistically nibbling, but buying in smaller chunks than I normally would, even to start a position. Which is frustrating at times when it goes up right away, but also helpful when it drops right away. :)
Nibbling on what?
Bessent talking less is better. More he talks, the worse it gets. So, he should start talking, but then quit while he is ahead.
I agree. Bessent is the only bright bulb in the cabinet, but he still carries the water for the Apprentice.
I’m pulling for China in the trade war created by the morons at 1600 Pennsylvania Avenue. China may be the ones with the cards, rather than the Apprentice.
