My takeaway from this letter — which may or may not be accurate — is that Mr. Buffett is setting the stage for his successors with his discussions of BHE and BNSF. But, as you point out, he did not mention Todd & Ted. This could be because he doesn’t like to discuss on-going investments (except for permanent holdings)? Not sure if there is another explanation
I think he likes to keep them under the radar as much as possible. It would be interesting to have them up on stage at the annual meeting to answer questions.
Thanks, Ravi. Touched on all the important points for me. Well done.
My takeaway from this letter — which may or may not be accurate — is that Mr. Buffett is setting the stage for his successors with his discussions of BHE and BNSF. But, as you point out, he did not mention Todd & Ted. This could be because he doesn’t like to discuss on-going investments (except for permanent holdings)? Not sure if there is another explanation
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I think he likes to keep them under the radar as much as possible. It would be interesting to have them up on stage at the annual meeting to answer questions.
I forget whether Diversified merged into Berkshire or Blue Chip. It likely wasn’t large.
Charlie was a large owner of Blue Chip. He probably obtained his Berkshire shares when Berkshire acquired Blue Chip.
Also, when Berkshire bought the remaining shares of Wesco Financial.
I’m thinking Diversified Retailing as well but I would have to look into that.