1. Apple: $175,384,746,776 (48.1% of invested assets)
Not much I can say. Sounds like Warren did his homework, made a big investment, it took off and never stopped taking off. Not sure if he is to thank. Like does Tim Cook call Warren and ask for advice? Do they interact a lot with board decisions? Does Apple take outside input? Is Warren 100% hands off silent investor?
2. Bank of America: $33,278,491,633 (9.1% of invested assets)
Interesting why Bank of America and not JP Morgan.
3. American Express: $27,770,51,919 (7.6% of invested assets)
What would America look like if credit card processing fees were closer to 0.1% instead of 1-2%?
4. Coca-Cola: $23,932,000,000 (6.6% of invested assets)
I know they have a lot of brands but I'm surprised they have a $23b bet on basically a company whose brand name is associated with unhealthy drinks that are bad for you.
5. Chevron: $15,681,716,627 (4.3% of invested assets)
I know energy companies truly do mean "energy" and not "oil/fossil fuels". I wonder how this investment will do next 50-100 years. Energy companies obviously have resources and infrastructure to pivot from fossil fuels into whatever the next best thing is. I doubt they'll get left behind?
6. Occidental Petroleum: $13,750,445,662 (3.8% of invested assets)
Is this one company where Buffett + team did something the average investor can't: negotiate with company under duress using his globs of resources (money) then gain from it?
7. Kraft Heinz: $12,074,539,051 (3.3% of invested assets)
Top brands:
Oscar Mayer
Ore-Ida
Mac & Cheese
Velveeta
Jello
Kool-Aid
Lunchables
Maxwell House
Caprisun
Grey Poupon
I'm surprised they have this much in 'assets' tied to 'not sexy + boring' things like "not the best foods/drinks for you"
Not much I can say. Sounds like Warren did his homework, made a big investment, it took off and never stopped taking off. Not sure if he is to thank. Like does Tim Cook call Warren and ask for advice? Do they interact a lot with board decisions? Does Apple take outside input? Is Warren 100% hands off silent investor?
2. Bank of America: $33,278,491,633 (9.1% of invested assets)
Interesting why Bank of America and not JP Morgan.
3. American Express: $27,770,51,919 (7.6% of invested assets)
What would America look like if credit card processing fees were closer to 0.1% instead of 1-2%?
4. Coca-Cola: $23,932,000,000 (6.6% of invested assets)
I know they have a lot of brands but I'm surprised they have a $23b bet on basically a company whose brand name is associated with unhealthy drinks that are bad for you.
5. Chevron: $15,681,716,627 (4.3% of invested assets)
I know energy companies truly do mean "energy" and not "oil/fossil fuels". I wonder how this investment will do next 50-100 years. Energy companies obviously have resources and infrastructure to pivot from fossil fuels into whatever the next best thing is. I doubt they'll get left behind?
6. Occidental Petroleum: $13,750,445,662 (3.8% of invested assets)
Is this one company where Buffett + team did something the average investor can't: negotiate with company under duress using his globs of resources (money) then gain from it?
7. Kraft Heinz: $12,074,539,051 (3.3% of invested assets)
Top brands:
Oscar Mayer
Ore-Ida
Mac & Cheese
Velveeta
Jello
Kool-Aid
Lunchables
Maxwell House
Caprisun
Grey Poupon
I'm surprised they have this much in 'assets' tied to 'not sexy + boring' things like "not the best foods/drinks for you"