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2023-08-31

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What’s Ahead for Berkshire as Warren Buffett Turns 93

There aren’t many people who turn 93 and have people wondering what’s next for them. But Warren Buffett, whose birthday is today, isn’t normal people.Berkshire Hathaway CEO Warren Buffett.Dubbed the “

What’s Ahead for Berkshire as Warren Buffett Turns 93

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But Warren Buffett, whose birthday is today, isn’t normal people.Berkshire Hathaway CEO Warren Buffett.Dubbed the “","content":"<html><head></head><body><p style=\"text-align: start;\">There aren’t many people who turn 93 and have people wondering what’s next for them. But Warren Buffett, whose birthday is today, isn’t normal people.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a938656fcb5feac2ec4dd0a3b535f8c\" alt=\"Berkshire Hathaway CEO Warren Buffett.\" title=\"Berkshire Hathaway CEO Warren Buffett.\" tg-width=\"639\" tg-height=\"426\"/><span>Berkshire Hathaway CEO Warren Buffett.</span></p><p style=\"text-align: start;\">Dubbed the “Oracle of Omaha” for his nearly six decades of money-gaining insights during his time as CEO of conglomerate Berkshire Hathaway (ticker: BRK. A, BRK.B), Buffett’s investment moves are still watched closely by Wall Street. </p><p>Shares of Berkshire Hathaway climbed to a record high earlier this month after reporting that operating earnings rose more than 6% to $10 billion in the second quarter—marking a new record. Meanwhile, Berkshire’s cash pile swelled to nearly $150 billion, up from $130.6 billion in the prior quarter as the firm pared back stock positions.</p><p>In prior periods, Wall Street has been frustrated with Berkshire’s cash largesse, hoping that Buffett would deploy capital into an acquisition—or perhaps a dividend.</p><p>But now cash is looking smart: Buffett revealed to CNBC earlier this month that he has been a consistent buyer of three- and six-month U.S. Treasury bills, which yield more than 5.5%.</p><p>He also shrugged off ratings agency Fitch downgrading U.S. debt in early August. “There are some things people shouldn’t worry about,” Buffett told CNBC at the time. “This is one.”</p><p>So great is the trust in Buffett that investors don’t seem to mind that Berkshire eased up on buybacks during the second quarter, repurchasing $1.4 billion worth of shares compared with $4.4 billion in the prior quarter, as the company’s stock climbed. </p><p>“Berkshire has always been respected for patience, they won’t spend more on repurchases than the perceived economic value,” Meyer Shields, managing director at Keefe, Bruyette &amp; Woods, told <em>Barron’s</em>. KBW has a Market Perform rating on shares and a $565,000 price target.</p><p style=\"text-align: start;\">Of course, the trust that has been afforded to Buffett and his co-pilot, 99-year-old Berkshire vice chairman Charlie Munger, is also something of a concern for the company. The firm has often been coy about succession—a challenge for corporate governance especially when the top two spots are held by nonagenarians. In 2021, Buffett revealed to CNBC that Greg Abel, Berkshire’s vice chairman of noninsurance operations, will succeed him, but details have still felt scant.</p><p style=\"text-align: start;\">“Buffett has had an unprecedented career,” Shields said, explaining how Wall Street may be okay with a lack of disclosure from him. “Buffett can get away with that, I don’t know if his successor could.”</p><p style=\"text-align: start;\">But, for now, Wall Street doesn’t want to think of that day.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What’s Ahead for Berkshire as Warren Buffett Turns 93</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat’s Ahead for Berkshire as Warren Buffett Turns 93\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-08-31 13:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">There aren’t many people who turn 93 and have people wondering what’s next for them. But Warren Buffett, whose birthday is today, isn’t normal people.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a938656fcb5feac2ec4dd0a3b535f8c\" alt=\"Berkshire Hathaway CEO Warren Buffett.\" title=\"Berkshire Hathaway CEO Warren Buffett.\" tg-width=\"639\" tg-height=\"426\"/><span>Berkshire Hathaway CEO Warren Buffett.</span></p><p style=\"text-align: start;\">Dubbed the “Oracle of Omaha” for his nearly six decades of money-gaining insights during his time as CEO of conglomerate Berkshire Hathaway (ticker: BRK. A, BRK.B), Buffett’s investment moves are still watched closely by Wall Street. </p><p>Shares of Berkshire Hathaway climbed to a record high earlier this month after reporting that operating earnings rose more than 6% to $10 billion in the second quarter—marking a new record. Meanwhile, Berkshire’s cash pile swelled to nearly $150 billion, up from $130.6 billion in the prior quarter as the firm pared back stock positions.</p><p>In prior periods, Wall Street has been frustrated with Berkshire’s cash largesse, hoping that Buffett would deploy capital into an acquisition—or perhaps a dividend.</p><p>But now cash is looking smart: Buffett revealed to CNBC earlier this month that he has been a consistent buyer of three- and six-month U.S. Treasury bills, which yield more than 5.5%.</p><p>He also shrugged off ratings agency Fitch downgrading U.S. debt in early August. “There are some things people shouldn’t worry about,” Buffett told CNBC at the time. “This is one.”</p><p>So great is the trust in Buffett that investors don’t seem to mind that Berkshire eased up on buybacks during the second quarter, repurchasing $1.4 billion worth of shares compared with $4.4 billion in the prior quarter, as the company’s stock climbed. </p><p>“Berkshire has always been respected for patience, they won’t spend more on repurchases than the perceived economic value,” Meyer Shields, managing director at Keefe, Bruyette &amp; Woods, told <em>Barron’s</em>. KBW has a Market Perform rating on shares and a $565,000 price target.</p><p style=\"text-align: start;\">Of course, the trust that has been afforded to Buffett and his co-pilot, 99-year-old Berkshire vice chairman Charlie Munger, is also something of a concern for the company. The firm has often been coy about succession—a challenge for corporate governance especially when the top two spots are held by nonagenarians. In 2021, Buffett revealed to CNBC that Greg Abel, Berkshire’s vice chairman of noninsurance operations, will succeed him, but details have still felt scant.</p><p style=\"text-align: start;\">“Buffett has had an unprecedented career,” Shields said, explaining how Wall Street may be okay with a lack of disclosure from him. “Buffett can get away with that, I don’t know if his successor could.”</p><p style=\"text-align: start;\">But, for now, Wall Street doesn’t want to think of that day.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4176":"多领域控股","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4585":"ETF&股票定投概念","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BRK.B":"伯克希尔B","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4550":"红杉资本持仓","BK4588":"碎股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0971096721.USD":"富达环球金融服务 A","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BRK.A":"伯克希尔","BK4581":"高盛持仓","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4534":"瑞士信贷持仓"},"source_url":"https://www.marketwatch.com/articles/warren-buffett-berkshire-hathaway-birthday-bd1bdf85?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2363728740","content_text":"There aren’t many people who turn 93 and have people wondering what’s next for them. But Warren Buffett, whose birthday is today, isn’t normal people.Berkshire Hathaway CEO Warren Buffett.Dubbed the “Oracle of Omaha” for his nearly six decades of money-gaining insights during his time as CEO of conglomerate Berkshire Hathaway (ticker: BRK. A, BRK.B), Buffett’s investment moves are still watched closely by Wall Street. Shares of Berkshire Hathaway climbed to a record high earlier this month after reporting that operating earnings rose more than 6% to $10 billion in the second quarter—marking a new record. Meanwhile, Berkshire’s cash pile swelled to nearly $150 billion, up from $130.6 billion in the prior quarter as the firm pared back stock positions.In prior periods, Wall Street has been frustrated with Berkshire’s cash largesse, hoping that Buffett would deploy capital into an acquisition—or perhaps a dividend.But now cash is looking smart: Buffett revealed to CNBC earlier this month that he has been a consistent buyer of three- and six-month U.S. Treasury bills, which yield more than 5.5%.He also shrugged off ratings agency Fitch downgrading U.S. debt in early August. “There are some things people shouldn’t worry about,” Buffett told CNBC at the time. “This is one.”So great is the trust in Buffett that investors don’t seem to mind that Berkshire eased up on buybacks during the second quarter, repurchasing $1.4 billion worth of shares compared with $4.4 billion in the prior quarter, as the company’s stock climbed. “Berkshire has always been respected for patience, they won’t spend more on repurchases than the perceived economic value,” Meyer Shields, managing director at Keefe, Bruyette & Woods, told Barron’s. KBW has a Market Perform rating on shares and a $565,000 price target.Of course, the trust that has been afforded to Buffett and his co-pilot, 99-year-old Berkshire vice chairman Charlie Munger, is also something of a concern for the company. The firm has often been coy about succession—a challenge for corporate governance especially when the top two spots are held by nonagenarians. In 2021, Buffett revealed to CNBC that Greg Abel, Berkshire’s vice chairman of noninsurance operations, will succeed him, but details have still felt scant.“Buffett has had an unprecedented career,” Shields said, explaining how Wall Street may be okay with a lack of disclosure from him. “Buffett can get away with that, I don’t know if his successor could.”But, for now, Wall Street doesn’t want to think of that day.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":1165,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}