๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ: ๐๐ฒ๐ฟ๐ธ๐๐ต๐ถ๐ฟ๐ฒ ๐๐ฎ๐๐ต๐ฎ๐๐ฎ๐ ๐๐ป๐ป๐๐ฎ๐น ๐ ๐ฒ๐ฒ๐๐ถ๐ป๐ด
Over the weekend, Berkshire Hathaway $BRK.B (+1.54%) had their annual shareholder meeting. Here are a few key insights from the event!
๐๐๐ณ๐ณ๐ฒ๐ ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ ๐๐ต๐ฒ๐๐ฟ๐ผ๐ป ๐ฏ๐ฒ๐
Chevron $CVX (+1.06%) has entered Berkshire Hathawayโs top 4 positions. The share price has rallied 30% this year, due to rising oil prices, but BHโs position has increased fivefold, as a result of Buffettโs buying into it.
๐ฅ $CVX (+1.06%) Chevron Corporation, $156.10 (๐ฝ-0.36%)*
๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ฑ ๐๐๐ฎ๐ธ๐ฒ ๐ถ๐ป ๐๐ฐ๐๐ถ๐๐ถ๐๐ถ๐ผ๐ป
Berkshire Hathaway has increased their stake in Activision Blizzard $ATVIas part of a merger arbitrage strategy. With a Microsoft takeover on the table, BH seeks to benefit from this, as Microsoft are offering more per share than $ATVI is currently trading, the difference being the control premium. BH now owns roughly 9.5% of $ATVI shares
๐ฉ $ATVI Activision Blizzard Inc, $77.74 (๐ผ+2.83%)*
๐๐๐ณ๐ณ๐ฒ๐๐ ๐ฑ๐ผ๐ฒ๐ ๐ป๐ผ๐ ๐ฏ๐ฒ๐น๐ถ๐ฒ๐๐ฒ ๐ถ๐ป ๐ฏ๐ถ๐๐ฐ๐ผ๐ถ๐ป
Despite increasing acceptance from the traditional finance and investment world in recent years, Buffett has doubled down on his scepticism regarding the cryptocurrency Bitcoin $BTC (+0.13%) . He went as far as being quoted that he would not buy all the bitcoin in the world for $25, as he does not see Bitcoin as a โproductive assetโ.
๐ฉ $BTC (+0.13%) Bitcoin, $38,582.20 (๐ผ+0.29%)
More from the annual event here: https://www.cnbc.com/brklive22/
๐ฉ $BRK.B (+1.54%) Berkshire Hathaway Inc Class B, $323.13 (๐ผ+0.09%)
(Asset prices as of 13:45 CEST. *Pre-market prices)
What are your thoughts? Do you think these were the right strategic moves? Do you agree with Buffett and his stance on Bitcoin? Leave your thoughts and opinions in the comments ๐
