Posted on 02/26/2025 7:59:44 AM PST by SeekAndFind
The Oracle of Omaha has spoken. In his latest shareholder letter published over the weekend, Warren Buffett discussed his outlook for stocks and what it takes to own a good business, along with other tips and investment strategies. Here are some of the takeaways as Berkshire Hathaway (BRK.A) (BRK.B) reported operating earnings of nearly $50B in 2024 :
(Excerpt) Read more at seekingalpha.com ...
Most important to remember is that there is no one method of investing fits all. Age is the critical number to determine asset allocation.
My own rule of thumb is me age is the percent allocated to more stable investments such as long term AAA rated bonds, Utility mutual funds, my residence in good neighborhood.
Rest of percentage I can trade stocks with. I am nearing age 85, so I am less aggressive than I was before.
Rule number one on investing is, have some money to invest.
Just to keep everyone in perspective. Warren Buffett was one of the causes of several market crashes and especially the 2008 crash. As the owner of Moody’s he engineered the fake valuations of mortgages. Moody’s literally caused the crash along with the GSEs (Freddie and Fannie) and S&P plus Fitch. Plus Warren was the single largest owner of large banks. So you can call the 2008 financial crises a Berkshire lead crises. He was in every important part of it. And had it not been for his ownership of the Washington Post, you would have been attacking him first.
Other scandals that he was involved in include Wells Fargo and Salomon Brothers. Warren speaks with a forked tongue. That grandfather image allows him to evade all blame while having his fingerprints all over the crime scenes.
Correction, you must invest in non-stable investments only the money you can afford to lose without going homeless haha.
The full unfiltered text is at: https://www.berkshirehathaway.com/letters/2024ltr.pdf
Buffett (Berkshire Hathaway) owned 23.4 percent stake in Graham Holdings
2.) When your clients file claims take them to court. Most do not have the money for a long fight and you do. Even if they finally squeeze the money out of you the amount that you get to keep will far out way it. Step one will allow you to do this.
3.) Scream about your taxes not being "high enough" and laugh privately how you actually arranged that with step one.
4.) Use step one to put your competitors out of business. Who cares if it is bad for the country. You are the only one who counts.
RE: Buy congress critters.
There is a fund and an App that mimics Nancy Pelosi’s stock investments.
Unusual Whales Subversive Democratic ETF (NANC)
Overview: Launched on February 7, 2023, by Subversive Capital in partnership with Unusual Whales, the Unusual Whales Subversive Democratic ETF (ticker: NANC) tracks stock trades disclosed by Democratic members of Congress and their spouses, with a notable nod to Nancy Pelosi due to her high-profile trading history.
Methodology:
Utilizes data from congressional financial disclosures required under the STOCK Act of 2012, which mandates reporting within 45 days.
Invests in a portfolio of stocks purchased by Democratic lawmakers, weighted by factors like trade size and frequency, though not an exact replica of Pelosi’s trades alone—it’s broader but heavily influenced by her activity.
Top holdings include tech giants like Microsoft (~10%), Amazon, Apple, and Nvidia, reflecting her known bets on Big Tech.
Performance: Since inception, NANC has gained ~30% (through early 2025), outpacing the S&P 500’s ~24% over the same period. In 2024, it reportedly surged 54%, beating many hedge funds.
Expense Ratio: 0.75%, higher than broad-market ETFs but typical for niche strategies.
Why It Mimics Pelosi: While not exclusively her portfolio, Pelosi’s trades (via her husband) are a significant driver due to their volume and success, making NANC a practical way to follow her investment patterns indirectly.
________________________________________________
There is also an App that Mimics Nacny Pelosi’s investments.
App: Autopilot
Overview: Autopilot, launched in January 2023 by founders including Christopher Josephs, is an investment app that allows users to automatically replicate the stock trades of prominent figures, with Nancy Pelosi as a flagship portfolio. It evolved from the viral “Pelosi Tracker” X account (
@PelosiTracker_
).
Methodology:
Pulls data from congressional disclosures and executes trades in users’ linked brokerage accounts when new filings are public (up to a 45-day lag).
The “Pelosi Tracker” portfolio specifically mirrors trades disclosed by Paul Pelosi, who manages the family’s investments. It’s not a fund but a tool to copy trades directly.
Focuses on high-conviction trades (e.g., recent or large positions) to maximize potential outperformance.
Performance: The Pelosi portfolio on Autopilot gained 45% in 2023 and 54% in 2024, outperforming the S&P 500 (24% in 2023). Over $175 million has been invested via this feature by late 2024.
Cost: Free for one portfolio (e.g., Pelosi’s); $29/quarter or $100/year for multiple portfolios and auto-trading.
Why It Mimics Pelosi:
Unlike NANC, Autopilot offers a direct, trade-by-trade replication of Pelosi’s disclosed moves, making it the closest mimic of her personal strategy.
Sure does help to have The Fraud of Omaha giving you insider information.
Well, what to say? His “fraud” and my investment in Berkshire stocks have done very nicely for me for over a decade...
You feel Buffet caused the 08 crash? Do you think the federal government had any role when they forced banks to give mortgages to people based on their skin color not their FICO score?
You got yours.
Of course, what goes around does tend to come around.
Graham holdings is whats left of the Washington Post company minus the newspaper itself. Its a slush fund of DC based companies that probably pay off powerful people by buying their companies above market value. Or performing tasks that others don’t want to touch. When Buffett dies, it will be interesting to see what happens to the company.
“We are impartial in our choice of equity vehicles, investing in either variety based upon where we can best deploy savings.”
Plain English translation - “we buy whatever we think will make us the most money”
BKMK
Bingo
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