Investors around the world anxiously await the release of the Berkshire Hathaway holdings report each quarter so they can track what billionaire Warren Buffett is investing into or selling off. Warren Buffett, self made billionaire and CEO of Berkshire Hathaway, is considered an investment guru.
In the recent report released by Berkshire Hathaway investors were stunned by the changes in the fund. The first noticeable difference was the value of the fund. In the quarter ending September 30, the fund was valued at 48.6 billion, down from 50.9 billion in the second quarter. This drop in value is believed to be a result of the losses Berkshire Hathaway took from their Goldman Sachs investment. Warren Buffett invested into Goldman Sachs with the hopes of seeing a good return. The company was unable to pay their dividends and Berkshire Hathaway took a 1 billion dollar loss.
Other notable changes in the Warren Buffett investment strategy for the last quarter:
All shares were liquidated in:
• Republic Services
• Iron Mountain
• NRG Energy
• Home Depot
Berkshire Hathaway increased their shares in the following companies:
• Johnson & Johnson (Warren Buffett actually doubled their holdings here)
• Bank of New York Mellon
Shares were decreased in the following companies:
• Comcast. (Shares dropped from 12 million to less than 200 thousand)
Berkshire Hathaway does not mention Goldman Sachs anywhere in their holdings and it is believed to be because of the dividend payments and problems that may be arising from the TARP program.
Billionaire Warren Buffett and Berkshire Hathaway have remained stable on all their other investments.
Warren Buffett has been interested in making money since he was a child. Starting out young selling cola and gum door to door, Warren Buffett continued making money at different jobs until he graduated from college. Soon after graduation he started working for an investment firm in Omaha as a stock broker. Through the years, Warren Buffett continued to seize opportunities before him and worked his way to owning the Berkshire Hathaway textile mill. During a short period of time Berkshire Hathaway began investing in other industries and was converted into a fund. Warren Buffett was able to pay his first dividends through Berkshire Hathaway in the first year, even though it was only a dime per share.
Warren Buffett is considered to be the third richest man in the world in 2010, down from the number two position in 2009. It is believed that he may retire soon and that a successor to Warren Buffett and the Berkshire Hathaway fortune has been chosen.
Upon his death, Warren Buffett will leave 99% of his fortune to charities.