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Buffett 2014: Value investor on when to sell Berkshire shares

Saturday, May 03, 2014 - 03:21

May 2 - Check Capital Management founder Steve Check previews the shareholder meeting festivities and offers his advice for when Berkshire Hathaway shareholders should offload the stock.

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And -- Your yeah. How do you define paradise of course it is Omaha Nebraska and your value investor everywhere this year and hurt her happily eating. Putting it out -- checked out at -- capital management even cutting almost twenty years yes. Now this isn't ever bids -- this meeting can you briefly describe. What it's like when you walk and better tomorrow. Conventions that are pretty impressive this all -- Berkshire Hathaway's. I don't wears her on display for sale. It's the actually complete until you know manufactured homes 2000 point 500 square foot office among the displays it quite as he. Now we also have a situation where after people stop it -- here Warren Buffett. -- -- -- -- -- -- -- -- -- -- -- They're actually a lot funnier than a lot of people might even make it's too it's not quite as late night. That aren't like -- been -- all. But from an event. What -- Well. I think where we're always trying to hear about what's what's going on for sure what the -- They've -- You know again also the answer -- never heard before certain people look -- -- for many years but it's just nice to get a reinforcement of what we believe that the right way to invest. Are you one of those shareholders of the camp that was all that money went up to me and. I'm happy with him investing the money he getting the kind of compound returns on the retain capital. Just any concern that he actually up -- perform the stock market for a last five -- -- fight is that it. Book value companies were more intensive. That that -- -- any moment. That. It doesn't really think that very specific period and a better life is about one more here -- while -- on the market over the last six let's -- Though it really doesn't have it straight up market. What brought this up like 30% last year but you'll never be up 30% we've we've structured these days. The biggest concerns were careful. That's. Really let's not point oh wait I've answered that there are. Well I think that they get through because the size of the and when you're making when you're thirty billion dollars a year and a -- -- reinvested -- in the retail account. Warm up with a great job reinvestment and that's a great job with that way or if they had a dividend and I was. About. It's right. Let's lot tougher to find that Berkshire happen itself but still -- we've we've goodbye at one point four times book value but certainly the better 51 point. Are you. We what happened I think -- -- but we still buy it implies that we. At any price level Berkshire's stock at here. Not so much on price but again on the valuation point of view I think the no one point six times book. I think he was that you look at that that are light up. Technique if you get an Obama thank you very much about. -- -- --

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Buffett 2014: Value investor on when to sell Berkshire shares

Saturday, May 03, 2014 - 03:21