It’s been a little strange for 2024 Warren Buffett and its company Berkshire Hathaway(NYSE: BRK.A)(NYSE: BRK.B). Berkshire’s shares performed well, returned 27% to the class B and beat the 23% return of the market.
However, the Buffett, the market or at least the least widely used the wide range of the market, which stated that it was at least widespread. Berkshire has raised cash, a net seller of shares and sold large parts of their greatest positions – Apple(NASDAQ: AAPL) and Bank of America(NYSE: BAC). Berkshire still did not touch the shares of one of the largest long-term holdings for killing.
Buffett never promoted diversification and believes that it is a poor excuse for ignorance. When you see something he doesn’t like, don’t mess around; The consumer technology was so with the giant apples. Berkshire first purchased shares in 2016 and made about 40% of the mass (about $ 296 billion) portfolio. Buffett made a large part of the purchase when the apple was sold over $ 50 per share. Today, the stock market is $ 240 worth of trade.
Berkshire, the American Bank of America invested after a great decline in 2011. Omaha’s Oracle has intended to 5 billion capital in exchange for the selected shares with an annual dividend. Berkshire also received the right to receive 700 million shares of total shares with a $ 7.14 strike price for a share. Today, Bank of America Stock trading is about $ 44 for each share.
Thus, Buffett has brought great income in both Apple and Bank of America. Berkshire is difficult to know that these tasks can make up 39% of the portfolio in late 2024. We know that Berkshire can take a while to separate the great positions.
Apple and do not know exactly what is concerned about the Bank of America. However, Berkshire’s actions in 2024 can see a correction or economic decline in the horizon and sell the cash in profit.
Buffett and Berkshire have a long and storey date with a credit card and payment company America express(NYSE: AXP). Berkshire gathered when the company first provided $ 300 million in capital, when the company fought in 1991. In return, Berkshire has been handed over to a special type to make the preferred shares and achieve 8.5% income. Shares selected in 1994 were exchanged 14 million total shares, and according to the New York Times, Berkshire then received 27.7 million shares.
Until 1998, Berkshire had received an additional 8.8 million shares by more than 50.5 million shares in the total position. In 2000, the division of shares in 2000, about 151.6 million Berkshire’s shares will increase the number of the same sharing at the end of the fourth quarter of 2024, 2024.
Berkshire, although it recently bent in bank shares, American Express is unique because it is a big credit card franchise and Runs one of the four main credit card networks in the world. If the network is not the largest Visa or MastercardAmex also gives consumers credit cards.
Buffett, Moats is a large fan of companies with powerful brands, which effectively, and American Express performed this in more ways. For example, the installation of a credit card network requires an incredible scale – visa, MasterCard and Discover financial servicesCan be combined soon and unite into Capital a finance), it is unlikely to have other opponents.
The company also established a sensitive brand among consumers. Many consumers believe that an AmEx card presented a specific status. Therefore, the company will pay for a platinum card for about $ 700 a year. This also creates a solid flow of annual recurring income, and at the same time involves higher income customers who are tending to become more solid in the recession.
American Express Stock currently accounts for about 15% of the Berkshire portfolio and sold in about 27 years. This is effective in a portfolio where it is almost every shareholder – Buffett and his team look sensitive – these days.
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American Express is an advertising partner of Motley’s stupid money. Discovery is an ad partner of the stupid money of the financial services motorcycle. Bank of America, Motley is an advertising partner of stupid money.
Bram Berkowitz There is no position in any of the marked shares. Motley has a position in FOOX and recommends Apple, Bank of America, Berkshire Hathaway, MasterCard and visa. Motley recommends discovering stupid financial services. Motley Fool has a Disclosure Policy.
