Q: Berkshire Hathaway’s Famous Annual Meeting: What are some of the thing’s investors could learn from Warren Buffett’s annual meeting, shareholder letter, and SEC holdings reports?
A: The 25-year track record of Berkshire Hathaway chart shows one of the most successful track records in business. The chart below shows his top publicly traded holdings. Privately held Infrastructure including energy, utilities, and railroads make up a large part of the overall holdings as well.
Q: Is the Federal Reserve worried about Inflation?
A: According to the Wall Street Journal this week, Federal Reserve Chairman Jerome Powell expressed confidence that consumer prices will resume falling toward the central banks 2% target.
Headline Round Up
*Corporate Profits Up 5.5% Over 2023.
*Surprise: FTX Creditors Get Paid Back After Crypto Rally & Sale of Assets?
*Artificial Intelligence (AI) Could Drive a Natural Gas Boom with Surging Electricity Demand.
*U.S. Nuclear Power Resurgence as Demand Grows for Reliable Clean Energy & Desire to Move Away From Fossil Fuels.
*China’s Nuclear Capacity Surging by Adding 34 Gigawatts of Power Capacity in the Past Decade.
*$38 Billion of U.S. Office Buildings Facing Loan Defaults. Highest levels since 2012.
*Cash Strapped Governments Once Offered Subsidies, Now Pushing Cost to Consumers as Households Wince at the Rising Price of Going Green.
*U.S. Dept of Energy Announces 3 Million Barrel Oil Purchase vs. 200 Million Released Last Year to Curb Hight Energy Prices.
*Novo Nordisk Profits Up 28% in Q1 Year over Year.
*U.S. Chamber of Commerce Filing 22 Lawsuits Over Claims of “Over-Regulation”.
*U.S. Food & Drug Administration (FDA) Finalized Divisive Plan to Regulate Laboratory Medical Tests Over Concerns About Reliability and Risks to Patients.
*Federal Trade Commission (FTC) Complaint Alleges That Pioneer’s Scott Sheffield Has Attempted to Collude With Representatives of the Organization of Petroleum Exporting Countries (OPEC) & OPEC+ to Reduce Output of Oil and Gas Which Would Result in Americans Paying Higher Prices at the Pump & to Inflate Profits for His Company.
*In April, The Biggest Job Gains Came from Healthcare, Social Assistance & Transportation/Warehousing.
*Disney Stock Pounded as Q2 Update is Not Well Received by Wall Street.
Skid Row
*Roblox Clocked on Lowered Revenue Forecast for 2024!
*Saudi Arabia’s Money Pit? Scaled back Neom project too expensive even for the Saudis?
Dow Jones Industrial Average Index (12/29/2023 – 05/09/2024)
– Courtesy of Bloomberg LP
Berkshire Hathaway, Inc. Class A (05/10/1999 – 05/09/2024)
– Courtesy of Bloomberg LP
Berkshire Hathaway, Inc. 13F Holding Analysis – Equity Filing Summary (12/31/2023)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis by Sector (02/16/2024 – 05/15/2024)
– Courtesy of Bloomberg LP
Energy Select Sector SPDR Fund, Invesco QQQ Trust Series 1 & SPDR Standard & Poor’s 500 Exchange Traded Fund Trust (12/29/2023 – 05/09/2024)
– Courtesy of Bloomberg LP
ROBLOX Corp. (01/01/2020 – 05/09/2024)
– Courtesy of Bloomberg LP
Profit Report
Wall Street Journal’s Success Stories from Happy Retirees.
