Warren Buffett's Berkshire Hathaway to buy $250 million worth of Snowflake's shares in private placement
https://finance.yahoo.com/news/warren-buffett-berkshire-hathaway-snowflake-private-placement-194954363.html Snowflake, Inc., the cloud-based data platform company, revealed in its amended S-1 filing on Tuesday ahead of its initial public offering that Warren Buffett’s Berkshire Hathaway agreed to take a stake in its class A shares in a private placement. The company said Salesforce Ventures and Berkshire Hathaway would each purchase $250 million worth of its Class A common shares in a private placement at a price per share equal to the initial public offering price. “Based on an assumed initial public offering price of $80.00 per share, which is the midpoint of the price range set forth on the cover page of this prospectus, each of Salesforce Ventures and Berkshire Hathaway would purchase 3,125,000 shares of our class A common stock,” the filing said.
Warren Buffett said, “The friends you have will form you as you go through life. Make some good friends, keep them for the rest of your life, but have them be people that you admire as well as like." How do you find friends that you not only like, but admire as well?
I came across this post by Bill Gates (https://www.gatesnotes.com/About-Bill-Gates/Happy-90th-Warren) where he said that the most important thing he learned from Warren Buffett was about friendship (i.e. title of this post). After seeing that quote, I realised that while I like my friends, admiration isn't necessarily one of the things that comes to mind - at least not for all of them. It's already hard to make real friends as we get older, so how do we do that but also make friends that we admire?
[WP] It's been 40 years of anxiety since you sold your soul to Satan, but upon death, you find out that he sold your soul to a drug dealer, and long story short, your soul is now 30% owned by Smith & Wesson, 20% by Boeing, and 50% by Warren Buffett.
Warren Buffett's Berkshire Hathaway buys stakes in Japan's five leading trading companies
https://www.cnbc.com/2020/08/30/warren-buffetts-berkshire-hathaway-buys-stakes-in-japans-five-leading-trading-companies.html Warren Buffett's Berkshire Hathaway has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies. Berkshire acquired the holdings in Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co., and Sumitomo Corp. over a roughly 12-month period through regular purchases on the Tokyo Stock Exchange. Based on Friday's closing prices for the trading houses, a 5% stake in each would be valued at roughly $6.25 billion. Berkshire says it intends to hold the investments for the long term, and that it may increase its holdings in any of the companies up to a maximum of 9.9%, depending on price.
Everyone is talking about SoftBank buying tech calls, but did you know Buffett made a $6 billion investment in Japanese trading houses that was disclosed last Sunday? https://www.cnbc.com/2020/09/01/warren-buffett-buys-into-japan-how-to-play-the-move-using-etfs.html Berkshire discloses these stakes and then a week later the SoftBank rumors show up... Maybe the old man is still 9000 IQ after all. I don't know what the angle is, but there's gotta be something more to this. Edit: To clarify, these firms don't operate the same way SoftBank does, but the Japan connection is interesting given the timing and the fact that Buffett has generally had mixed interest in Japan. It's an interesting theme - between the rumors of SoftBank manipulating the US market, Buffett staying mostly out of it post-covid, and then Buffet picking up a stake in these firms.
Warren Buffett has long been critical of gold as an investment, saying that it “has no utility” and that the “magical metal” is no match for “American mettle.” He once wrote, “Anyone watching from Mars would be scratching their head” over how we treat the shiny stuff on this planet. Yet the Berkshire Hathaway just acquired nearly 21 million shares of Barrick Gold GOLD, worth $563 million, while selling shares of Wells Fargo and J.P. Morgan Chase.
Warren Buffett, famous for a diet of Coca-Cola and Dairy Queen, passed up the chance to buy organic superchain Whole Foods before Jeff Bezos plunked down $13.7 billion. Warren Edward Buffett was born on August 30, 1930, in Omaha, Nebraska. Buffett's father, Howard, worked as a stockbroker and served as a U.S. congressman. His mother, Leila Stahl Buffett, was a ... Known as the Oracle of Omaha, Warren Buffett is one of the most successful investors of all time. Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico ... Warren Buffett hates gold -- he has made no secret of his distaste for it as an investment. But the Oracle of Omaha's Berkshire Hathaway revealed Friday that it has bought a new stake in top miner ... Warren Buffett Buffett married his longtime friend Astrid Menks in 2006, after his first wife of nearly three decades, Susan Buffett, passed away in 2004. It's advice he's been giving for years.
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