𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗨𝗽𝗱𝗮𝘁𝗲: Berkshire Hathaway Annual General Meeting
Over the weekend, Berkshire Hathaway $BRK.A (-1.63%)
$BRK.B (-1.6%) held its annual shareholder meeting. Here are a few key takeaways from the event!
𝘉𝘶𝘧𝘧𝘦𝘵 𝘦𝘳𝘩ö𝘩𝘵 𝘊𝘩𝘦𝘷𝘳𝘰𝘯-𝘈𝘯𝘵𝘦𝘪𝘭𝘦
Chevron $CVX (-0.39%) 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.
🟥 $CVX (-0.39%) Chevron Corporation, $156.10 (🔽-0.36%)*
𝘌𝘳𝘩ö𝘩𝘵𝘦 𝘉𝘦𝘵𝘦𝘪𝘭𝘪𝘨𝘶𝘯𝘨 𝘢𝘯 𝘈𝘤𝘵𝘪𝘷𝘪𝘴𝘪𝘰𝘯
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
🟩 $ATVI Activision Blizzard Inc, $77.74 (🔼+2.83%)*
𝘉𝘶𝘧𝘧𝘦𝘵𝘵 𝘨𝘭𝘢𝘶𝘣𝘵 𝘯𝘪𝘤𝘩𝘵 𝘢𝘯 𝘥𝘦𝘯 𝘉𝘪𝘵𝘤𝘰𝘪𝘯
Despite its growing acceptance in the traditional finance and investment world in recent years, Buffett has increased his skepticism about the cryptocurrency Bitcoin $BTC (-1.12%) 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."
🟩 $BTC (-1.12%) Bitcoin, $38,582.20 (🔼+0.29%)
More from the annual event here: https://www.cnbc.com/brklive22/
🟩 $BRK.B (-1.6%) Berkshire Hathaway Inc Class B, $323.13 (🔼+0.09%)
(Share prices as of 13:45 CEST. *pre-market prices)
Have you guys been following the meeting?
