Six Decades of Spelling Warren Buffett's Name Wrong
Warren Buffett's last name is one of the great ires of business journalism. I've seen it spelled wrong countless times in social posts and even headlines. But news of his retirement provides the perfect excuse for those who fail to remember the second 't' at the end of his surname. Technically speaking, we really do have a Warren buffet for you today!
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18 minutes ago
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Berkshire Hathaway earnings: 'Perfect' stock to own when 'worried'
Berkshire Hathaway (BRK-B, BRK-A) stock has fallen 12% since May, with investors weighing leadership change and macro pressures. Bill Stone, Glenview Trust Company chief investment officer, joins Market Domination Overtime to explain why he sees the stock's recent dip as a potential entry point. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Berkshire Hathaway has underperformed in the second quarter, fallen over 10% since Warren Buffett's announced his intention to retire as CEO and elevate current Vice Chairman, Greg Abel in his place. The conglomerate, with big stakes of course, in Kraft Heinz, Occidental Petroleum, American Express, set to report quarterly results August 4th. Is now a good time to buy shares on recent weakness? Well, here with more on that very question, we got Bill Stone, the Glenview Trust Company Chief Investment Officer. Bill, always great to see you. Maybe Bill, let's start with the stock here. It is down about 12% here, Bill, since that annual meeting back in May. Why is that, Bill? What's going on there? Well, I know some people say it's because, you know, Warren Buffett, you know, said he was going to step down as CEO at the end of the year. I actually think it has a lot more to do with the macro environment. Uh, when you look at it, you could almost lay it right on top of kind of the out performance of Berkshire at the beginning of the year came as the worries around tariffs and and the economy rose. The stock just really took off, and then as, you know, kind of in that May period, which just happened to fall, like you said, in that same period when the meeting was, um, then as that receded, then the stock went, you know, really started to underperform. I just think of it is, Berkshire is kind of the perfect stock to own when you're worried about the world for two reasons: One is this massive amount of cash they hold. But two is because you expect they should be able to take advantage of it if, in fact, you get big sell-offs in the market or dislocations. Um, when you're not as worried about that, like we haven't been here for the last quarter, um, you know, you're not as excited about Berkshire Hathaway. Well, let me ask you, Bill, uh, Buffett is stepping down. Greg Abel's taking the reins. As a shareholder, how how do you feel about that changing of the guard? Well, you know, it's you can't, you know, follow the goat and uh, and expect to feel good about it. I do think Greg has shown up as a very good operator. In fact, I think you could argue probably a better operator than Buffett, because frankly, Buffett doesn't want to spend his time operating businesses necessarily or getting into the weeds of them. Um, so I think he's very competent and for a company that is, uh, already so large. There I think there's already been some distinct benefits from having him already take on a much larger role. Again, you know, would I rather Buffett was going to live forever and keep running it? Of course, but I can't have that. Do you think this weakness, Bill, in the stock, buying opportunity in your opinion? Yeah, I think it's back to a point where you can feel pretty good about owning it. You know, we're back down to 1.5 times book. Still maybe a little rich, um, that would you know, the way I kind of think of it is, I would suspect we won't see any buybacks, uh, stock buybacks from Berkshire Hathaway. I kind of frankly just try and, you know, essentially I get more interested as I suspect they're getting more interested because they're the ones that know the intrinsic value, certainly even better than I do. Um, but I don't think you're crazy here. When it got up to like 1.8 times book, it it was expensive stock, you know, not that it's a reason to sell it. It's just probably was a reason to slow down owning it. I think now you can be back to at least slowly get, you know, grabbing some uh, as you go. What do you expect to see the earnings results, Bill? I don't think they're going to be great. You know, obviously the headline, all of the the stock, you know, increase to show up there. Although, we'll say a lot of their big holdings didn't have a good quarter in the second quarter. Um, so like Apple was down in the second quarter, Chevron, Occidental Petroleum. They did have nice moves out of Bank of America, uh, and American Express, but anyway, set that aside. I don't I think if you really are looking at the stock, you don't pay much attention to the headline earnings numbers. You really have to look at operating earnings. Those are likely to be, um, not great, probably, in terms of year-over-year. Uh, they may actually be even be down year-over-year. Um, what it really will be is probably a solid you know, report out of the insurance sector because you can pretty much bank on, uh, that they'll have a nice amount of, uh, interest income off the amount of cash they're holding. Um, but then on the other side, they're going to have almost certainly some, you know, pain on the housing related companies they own, and the retailing companies that they own. So tough to see how it all plays out. Again, doesn't get me overly upset. I know it's a very diversified company. We'll see how the I mean, I also should say the railroad is probably not going to have great numbers, although it could be okay. Again, it's it's really hard with Berkshire because they don't give you any guidance and really give you no clues. So you're really working in the dark other than trying to look at what other companies in those industries have done, or maybe we've seen their earnings and and back into it a little bit. Related Videos Big Tech's huge AI spending spree: A closer look post-earnings Fed Governor Adriana Kugler to resign Dow falls more than 500 points on jobs report, tariffs Colgate-Palmolive, Rocket, Regeneron: Trending Tickers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Warren Buffett Once Called Mortgages A 'Terrific Deal' — Now Zillow Analyst Says Even 0% Rates Can't Make Homes Affordable In America
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) and Zillow Group Inc. (NASDAQ:Z) have expressed concerns that mortgage rates are unlikely to decrease enough to make homes affordable for the average American. Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes What Happened: Despite a slight decrease, the current 30-year fixed mortgage rate stands at 6.75%, as reported by Fortune. Economists and real estate groups are not optimistic about a significant change in this figure in the near future. Zillow's economic analyst, Anushna Prakash, suggested that mortgage rates would need to fall to 4.43% for a typical home to be affordable to the average buyer. However, she believes that such a rate decline is currently unrealistic. Trending: Be part of the breakthrough that could replace plastic as we know it— Even with a 0% interest rate, buying a typical home would still be unaffordable in major cities like New York, Los Angeles, Miami, San Francisco, San Diego, and San Jose, Prakash wrote. Berkshire Hathaway HomeServices also highlighted mortgage rates as a major deterrent for both home buyers and sellers. The company's report in early July stated that many homeowners are hesitant to put their homes on the market and lose their current low mortgage rates. This situation, known as the 'golden handcuffs' or the locked-in mortgage rate effect, is causing a range of issues in the housing market, particularly in terms of inventory, according to the report. The number of unsold existing homes for sale rose 9% month-over-month in April, reaching 1.45 million, the highest level in five It Matters: The housing market's affordability crisis has been a growing concern, with high mortgage rates being a significant factor. Despite increasing inventory levels, home prices and mortgage rates continue to pose challenges for potential homebuyers. In July, it was reported, the average long-term U.S. mortgage rate recently rose to 6.72% after five weeks of decline. However, experts predict that mortgage rates will remain relatively stable in the coming months. In 2012, Buffett advised young investors to buy homes instead of stocks, calling 30-year mortgages 'a terrific deal.' However, the current mortgage rates may be deterring new buyers from entering the market. In February, financial guru Dave Ramsey also stated that a paid-off mortgage is the new status symbol, emphasizing the importance of owning a home. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image Via Shutterstock This article Warren Buffett Once Called Mortgages A 'Terrific Deal' — Now Zillow Analyst Says Even 0% Rates Can't Make Homes Affordable In America originally appeared on
Yahoo
an hour ago
- Yahoo
7 Stocks Warren Buffet Has Sold So Far in 2025
Warren Buffett is the extremely popular CEO of Berkshire Hathaway, the 10th-largest company in America by market cap. As his incredible track record has created a legion of devoted followers, every move he makes generates tremendous interest. This is particularly true when Buffett decides to sell a stock, as he has been famously quoted as saying that his favorite holding period is 'forever.' Thus, the reasoning goes, if Buffett is unloading some stocks, it pays to take a closer look at their fundamentals. With that in mind, here's a quick look at the stocks that Buffett has been selling in 2025. Check Out: Read Next: Bank of America (BAC) Price as of July 21, 2025: $47.48 Year-to-date (YTD) performance: 9.35% Dividend yield: 2.20% Warren Buffett began buying Bank of America for Berkshire Hathaway way back in 2011, so letting go of shares in 2024 and 2025 marks a decided turn of opinion. Of course, it's impossible to know the specific reasons why any money manager would let go of shares. However, Buffett has been lightening up on shares across the financial services industry, perhaps fearing a recession, a consumer slowdown or simply high valuations. In the case of Bank of America specifically, Berkshire might just be trimming its outsized position, which still remained at 10.1% of its entire portfolio as of March 31, according to CNBC. Learn More: Citigroup (C) Price as of July 21, 2025: $92.65 YTD performance: 33.60% Dividend yield: 2.63% Buffett began aggressively dumping Citigroup shares at the end of 2024, so it's perhaps not a surprise that he finished the job in 2025. As of March 31, Berkshire no longer held a single share of Citigroup. The company never had a huge position in Citigroup, so this sale could be just a trimming of Berkshire's financial exposure in general. Nu Holdings (NU) Price as of July 21, 2025: $12.89 YTD performance: 24.42% Dividend yield: N/A Nu Holdings is a company that's not well known to most American investors. Perhaps for this very reason, Buffett and Berkshire profited handsomely off the stock. In addition to lightening his exposure to the financial services industry in general, Buffett may have simply wanted to book some profits — estimated to be in the area of $250 million, according to CoinTelegraph — by selling out Berkshire's entire position. Liberty Media Formula One Series C (FWONK) Price as of July 21, 2025: $102.85 YTD performance: 11.00% Dividend yield: N/A Berkshire Hathaway received shares in Liberty Media Formula One Series as a spinoff, thanks to its ownership of Liberty Media shares. As Buffett didn't buy the shares directly, he may not be interested in investing in them. The remaining position amounts to a scant 0.1% of the Berkshire Hathaway portfolio. DaVita (DVA) Price as of July 21, 2025: $139.43 YTD performance: -6.77% Dividend yield: N/A DaVita still remains a measurable part of the Berkshire Hathaway portfolio, at 1.6% as of March 31. But unlike other sales Buffett has made, the DaVita transaction occurred as the result of a prearranged agreement. Under the terms of the arrangement, DaVita would buy back its shares if Berkshire's ownership in the company exceeded 45%, according to Barron's. T-Mobile US (TMUS) Price as of July 21, 2025: $232.62 YTD performance: 6.13% Dividend yield: 1.48% T-Mobile was never a large part of the Berkshire portfolio, but still, Buffett has trimmed it down to just 0.3% as of March 31. Potential concerns could be its valuation relative to other companies in the industry or simply because Buffett doesn't generally hold telecommunications stocks as large parts of his portfolio. Capital One Financial (COF) Price as of July 21, 2025: $215.88 YTD performance: 21.81% Dividend yield: 1.13% Capital One Financial is the fourth financial services holding that Buffett has trimmed in 2025. According to CNBC, shares in Capital One now account for 0.5% of the total Berkshire Hathaway portfolio. This move appears to be in line with Berkshire's overall reduction in exposure to the financial services sector. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Here's the Minimum Salary Required To Be Considered Upper Class in 2025 Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on 7 Stocks Warren Buffet Has Sold So Far in 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
