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Tuesday, September 5, 2023

Happy 93rd Birthday, Warren Buffett!

Here's a tweet with 93 of his greatest quotes, with a 73-minute video at the end of one of his most famous lectures from long ago. Below are the first 12.

Note: Regardless how great Buffett is, I certainly don't agree with him about bitcoin, for which I think he is "ignorant" about the new money trend. Maybe he is just too old to understand it!

2) This cool 2:20 video shows Berkshire Hathaway's (BRK-B) top 25 stock holdings over the past 20 years:

For the first decade, the largest positions were Coca-Cola (KO), Wells Fargo (WFC), and American Express (AXP). Then Kraft Heinz (KHC) was the largest for a while.

Then Buffett started buying Apple (AAPL) in the first quarter of 2016, initially buying only $1 billion. But, as you can see in the video, the combination of Buffett steadily buying more and the price appreciation from $25 per share back then to Friday's close of $189.46 per share – a gain of more than 650%! – resulted in Apple today being a $173 billion position, equal to nearly half (48%) of Berkshire's $365 billion stock portfolio (which in turn is equal to nearly half (46%) of Berkshire's $791 billion market cap). (CNBC has a real-time tracker of Berkshire's portfolio here.) This is undoubtedly the greatest investment of all time in terms of dollars of profit...

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