You've previously written about Berkshire's culture and the potential for its endurance when the top leadership eventually changes. I just read in the WSJ that only 0.03% of Disney stock was owned by insiders at the end of Q1, compared to an average of 2.09% for the broader S&P 500. Both Including and excluding WEB & CTM, what percentage of BRK stock was owned by insiders at the end of Q1? How meaningful a metric do you think this is for shareholders to watch as the next chapter of BRK unfolds? How important is Greg Abel's personal ownership (is this a dollar amount or % threshold we should watch for)? Is this broader metric (broad insider ownership) more meaningful than obsessing over how many shares Greg Abel personally owns?
Thanks. This is a great idea! What is your outlook for Berkshire’s reinsurance businesses? I recall Chris Bloomstran saying that rising interest rates would result in large bond portfolio losses for the competition. Also Ajit mentioned at the Annual Meeting all the cat reinsurance they wrote at the end of Q1 + Warren snapped up Allehgany.
Thanks for introducing this series. Some thoughts and areas of inquiry below. No need to address all or even any of them, I find anything you write to be informative and thought-provoking.
Could you walk us through whether BRK continues to deliver $1 of market value for each $1 of retained earnings? How has this shifted over the years? How might it lead to changes in growth of shareholder value over the years, and how might it change the approach to buybacks moving forward?
Slight tangent topic (inflation): You did a nice job walking us through some examples and considerations regarding I-bonds and TIPS. Is there a way to judge how BRK will be able to handle inflation going forward (whether it be low-, middle-, or high-)? Is there a way to estimate pricing power capacity among the wholly-owned companies versus the partially-owned publically traded companies? Big meandering question.
Not sure if this is about Berkshire's annual meeting but I'm quite interested in your view about what's the worst potential scenario could happen to Berkshire, except the nuclear threat Buffett only talked about during the annual meeting. Thanks
Buffett once published Lou Simpson's investment track record in the annual report. When do shareholders get the same treatment for Ted and Todd? Thank you.
What do you think is the current and forward Return on Incremental Invested Capital of Berkshire?
You've previously written about Berkshire's culture and the potential for its endurance when the top leadership eventually changes. I just read in the WSJ that only 0.03% of Disney stock was owned by insiders at the end of Q1, compared to an average of 2.09% for the broader S&P 500. Both Including and excluding WEB & CTM, what percentage of BRK stock was owned by insiders at the end of Q1? How meaningful a metric do you think this is for shareholders to watch as the next chapter of BRK unfolds? How important is Greg Abel's personal ownership (is this a dollar amount or % threshold we should watch for)? Is this broader metric (broad insider ownership) more meaningful than obsessing over how many shares Greg Abel personally owns?
Thanks. This is a great idea! What is your outlook for Berkshire’s reinsurance businesses? I recall Chris Bloomstran saying that rising interest rates would result in large bond portfolio losses for the competition. Also Ajit mentioned at the Annual Meeting all the cat reinsurance they wrote at the end of Q1 + Warren snapped up Allehgany.
Thanks for introducing this series. Some thoughts and areas of inquiry below. No need to address all or even any of them, I find anything you write to be informative and thought-provoking.
Could you walk us through whether BRK continues to deliver $1 of market value for each $1 of retained earnings? How has this shifted over the years? How might it lead to changes in growth of shareholder value over the years, and how might it change the approach to buybacks moving forward?
Slight tangent topic (inflation): You did a nice job walking us through some examples and considerations regarding I-bonds and TIPS. Is there a way to judge how BRK will be able to handle inflation going forward (whether it be low-, middle-, or high-)? Is there a way to estimate pricing power capacity among the wholly-owned companies versus the partially-owned publically traded companies? Big meandering question.
I'll save additional questions for future AMAs.
Thanks for your time and consideration.
Not sure if this is about Berkshire's annual meeting but I'm quite interested in your view about what's the worst potential scenario could happen to Berkshire, except the nuclear threat Buffett only talked about during the annual meeting. Thanks
Buffett once published Lou Simpson's investment track record in the annual report. When do shareholders get the same treatment for Ted and Todd? Thank you.
Please ask your questions about Berkshire's annual meeting and Q1 results in this comment section.