๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ: Berkshire Hathaway Annual General Meeting
Over the weekend, Berkshire Hathaway $BRK.A (+0.04%)
$BRK.B (-0.11%) held its annual shareholder meeting. Here are a few key takeaways from the event!
๐๐ถ๐ง๐ง๐ฆ๐ต ๐ฆ๐ณ๐ฉรถ๐ฉ๐ต ๐๐ฉ๐ฆ๐ท๐ณ๐ฐ๐ฏ-๐๐ฏ๐ต๐ฆ๐ช๐ญ๐ฆ
Chevron $CVX (-0.15%) has moved into Berkshire Hathaway's top 4 positions. The stock price is up 30% this year due to rising oil prices, but BH's position has quintupled as Buffett has bought more.
๐ฅ $CVX (-0.15%) Chevron Corporation, $156.10 (๐ฝ-0.36%)*
๐๐ณ๐ฉรถ๐ฉ๐ต๐ฆ ๐๐ฆ๐ต๐ฆ๐ช๐ญ๐ช๐จ๐ถ๐ฏ๐จ ๐ข๐ฏ ๐๐ค๐ต๐ช๐ท๐ช๐ด๐ช๐ฐ๐ฏ
Berkshire Hathaway has increased its stake in Activision Blizzard $ATVI as part of a merger arbitrage strategy. With a Microsoft takeover on the table, BH is looking to capitalize on it, as Microsoft is offering more per share than $ATVI currently traded, with the difference being the control premium. BH now owns about 9.5% of the $ATVI -shares
๐ฉ $ATVI Activision Blizzard Inc, $77.74 (๐ผ+2.83%)*
๐๐ถ๐ง๐ง๐ฆ๐ต๐ต ๐จ๐ญ๐ข๐ถ๐ฃ๐ต ๐ฏ๐ช๐ค๐ฉ๐ต ๐ข๐ฏ ๐ฅ๐ฆ๐ฏ ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ
Despite its growing acceptance in the traditional finance and investment world in recent years, Buffett has increased his skepticism about the cryptocurrency Bitcoin $BTC (+0.26%) even more so. He believes that he would buy all the Bitcoins in the world for not even $25, as he does not consider Bitcoin to be a "productive asset."
๐ฉ $BTC (+0.26%) Bitcoin, $38,582.20 (๐ผ+0.29%)
More from the annual event here: https://www.cnbc.com/brklive22/
๐ฉ $BRK.B (-0.11%) Berkshire Hathaway Inc Class B, $323.13 (๐ผ+0.09%)
(Share prices as of 13:45 CEST. *pre-market prices)
Have you guys been following the meeting?
