MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Has Buffett Lost His Touch?” – Here We Go Again

TedTed
in Fund Discussions
FYI: Shares of Kraft Heinz (KHC) are down nearly 30% today following a big earnings miss and the disclosure that the company has been subpoenaed by the SEC. KHC accounts for more than 7% of Berkshire Hathaway’s’ equity portfolio, and that stock is trading down close to 2% ahead of this weekend’s earnings report on a day when the broader market is firmly in positive territory. Following this weekend’s report, Warren Buffett himself will be all over financial television on Monday to talk about all things Berkshire and its portfolio of companies.

Given the confluence of events, though, the question of whether or not Buffett has lost his touch is once again making the rounds. Remember, it was just a week ago that Coca-Cola (KO), which accounts for over 10% of the Berkshire equity portfolio, dropped over 8% after it reported earnings. In the case of KO, last Thursday’s decline was the most negative reaction to earnings the stock has had since 2002! With two stocks comprising 18% of Berkshire’s total equity portfolio getting demolished on earnings, you can’t blame traders for being a little more skeptical and taking some profits in their Berkshire positions. Year to date, the stock is one of less than 35 in the S&P 500 that are actually in the red YTD.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/has-buffett-lost-his-touch-here-we-go-again/

Comments

  • FD1000
    Buffett lost his edge years ago. In the last 10-15 years, information is quick and available globally so it's much harder to find hidden nuggets. Buffett can still make better deals than most such as: influence management from within, make deals when markets collapse because of his huge assets/cash.
  • Gary
    Stock price is coming down into his wheelhouse!
Sign In or Register to comment.