> Warren Buffett Blog

Monday, June 26, 2017

Warren Buffett buys more REITs

Warren Buffett's firm acquired a nearly 10% stake in a real estate investment trust that controls single-tenant properties.

Berkshire Hathaway invested $377 million in shares of Store Capital, equaling a stake of about 9.8%, the REIT disclosed Monday. Berkshire paid $20.25 a share for 18.6 million shares of the internally managed net-lease real estate investment trust, Store Capital said in a statement. Store Capital shares are down 16% in 2017.

Store Capital owns a stake in more than 1,750 properties in 48 states.

Store Capital CEO Christopher Volk said in a statement.
“An investment in our company from one of history’s most admired investors represents a vote of confidence in our experienced leadership team and an affirmation of our profit-center real estate investment and management approach.”

Tuesday, June 20, 2017

Some just paid $2.6 million to lunch with Warren Buffett

An anonymous person just bid $2,679,001 in a charity auction to have lunch with billionaire investor Warren Buffett. This years winning bid is down from last year’s winning bid of $3,456,789. 

 Now in its 18th year, the annual auction for lunch with the Berkshire Hathaway Inc. chairman has raised more than $25 million in total for San Francisco charity Glide.

Wednesday, June 14, 2017

US Farming has improved dramatically

I don't really know anything about robots. But I'll put it this way. If you eventually got the world so that one guy could push one button and everything that's being produced now would be produced from him pushing that button, it'd be a better world. Now, you'd have to make sure that guy didn't keep all the output, but the idea of getting more productive, it benefits everybody. And I shouldn't say it benefits everybody. It benefits society. It can hurt individuals in their given industries. But we should long for more productivity. That'll give a fewer hours worked, it'll give more output per capita, it'll give better living for people. And that's what we've done, actually, in this country. 

We saw it dramatically in farming. I mean, it's unbelievable what has happened in farming. And we now have 2 percent of the population working on farms, doing way better than when we had 80 percent. But if we didn't have tools and fertilizer and all those things, we'd be an agrarian economy and we'd be living like we did in 1776.

Monday, June 12, 2017

I dont know what the stock markets will do tomorrow or next year says Warren Buffett

I don't have the faintest idea what the stock market's going to do tomorrow or next week or next month or even next year. I do know that over time – and we'll talk ten years of something of the sort – that equities will do better than bonds, which is the main alternative or bank deposits or whatever it may be. Fixed dollar investments for people. And they're not going to be able to pick the time to come in. I don't know how to pick the time to come in. I bought a lot of stocks in the last couple months. They turned out – the stock market goes down 20 percent or 30 percent. But that won't bother me if I like the businesses I bought.