Why Berkshire Owns Banks And Why I'm Buying Berkshire [Seeking Alpha]
Berkshire Hathaway Inc. New (BRK.B)
Last berkshire hathaway inc. new earnings: 11/2 07:00 am
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Source: Seeking Alpha
Why Berkshire Owns Banks And Why I'm Buying Berkshire Summary Bank stocks are out-of-favor in today's market, and consequently, valuations are favorable to 40-year averages. While short-term bank returns will be volatile, history suggests that today's valuations should yield 200-300% total returns over the next 10 years. Bank stocks comprise 42.6% of Berkshire Hathaway's equity holdings as of June 30. While holding a big position in bank stocks, Berkshire Hathaway also has $122 billion in cash that provides downside support for a market decline as well as ample capital for future investment opportunities. I am buying Berkshire Hathaway for exposure to large bank stocks and a hedge against a market rout that could provide Buffett with an opportunity to make one of his extraordinary deals. Background In this post, readers will discover that total bank returns and valuations are not correlated in the short term but highly correlated long term. Current bank valuations should be attractive
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BRK.B
News
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 3/22/24 - Form PX14A6G
- 3/15/24 - Form ARS
- 3/15/24 - Form DEFA14A
- BRK.B's page on the SEC website