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Linking to this website without written permission is strictly prohibited. Really hope meesterdude obtained said required written permission prior posting.
This plus never doing a stock split despite BRK.A trading at $468,000 per share are little details that show what an extraordinary and unique company it is. I don't think there's anyone in finance who cares about appearances less than Warren Buffet. The fact that he chooses to stay in Omaha, Nebraska instead of a penthouse in Manhattan's Financial District also seems to tie in to his modus operandi.
You don’t need a flashy site if you already have the reputation. But without other signals an old simple site will be interpreted by many as an indicator of something amateurish or outdated.
> they are never going to succeed with a website like this.
How do you define success? BRK beat the S&P 500 returns for a few decades. They are one of the largest companies on planet earth(top 10), and their net income after all expenses is approaching $100B USD a year.
They own well known public companies like Dairy Queen, Duracell, BNSF Railroad, Geico Insurance, etc.
I want to make websites like this and run into the same problem every time: phones exist now.
The website is illegible on my phone. I have to do some zooming and panning and it feels awful.
It’s difficult to have a nice “classic web” page that runs on phones without a lot of care to use media queries. Not that that’s a deal breaker but it quickly departs from the “keep it simple” philosophy of these designs when you are effectively designing it twice.
While I appreciate the sentiment, some of this hyperbole is a bit much. This _could_ be a beautiful design with some simple padding and margin updates, but as it is, horizontal text that literally stretches 24 inches across my 1440p monitor is not what I'd consider effective, practical, or beautiful.
It's very on-brand for Buffett if you follow his stuff. He's always kinda hawking the stuff he owns. You'll see the can of Coke on the table at the annual meeting, you'll see him eating See's Candies, he'll talk about the brands he owns, etc.
It's not pushy or overly sales-like, but he is into a lot of the stuff he owns. The message about GEICO is really frank: different insurance carriers vary in their underwriting judgments, but he estimates that GEICO will offer the lowest rate for 40% of people which is more often than any carrier. Go to the website and see if you can save money.
For some of the businesses, it can be a bit personal. He bought Nebraska Furniture Mart over a handshake from someone he'd known for a long time.
It is a little weird, but it's certainly on-brand for him.
You could replicate 84% of the publicly-traded side of BH with 8 US-based holdings.
But BH trades at 1.5x price to book... not sure if it's really worth it. But there's some VC-style genius in his non-trading holdings (e.g. GEICO and railways) directly held on its book or its <1% public holdings.
(Though the asset value of the railroads, railcars, energy, pipelines, etc. (not even including liabilities) is about equal to its AAPL holdings, which is all asset/equity).
Overall, if you want a set-and-forget investment, I'd still say go for BH stock.
If they took down their website tomorrow would their market cap change at all? Are these then perhaps some of the least “valuable bytes” which explains the website’s design?
I get it, but I don't think many companies could get away with this. The site is for serious investors and simplicity is part of the brand. Imagine miro.com (whatever that is but I've seen lots of ads for in on YouTube), using this type of style - it seems unlikely that it would be successful. I'd like to see someone try however.
The most recent news post is about https://berkshirehathawaytx.com/, a crypto exchange that is obviously trying to use the brand. The TX evidently stands for Texas, don't you know.
GEICO is a wholly owned subsidiary of Berkshire Hathaway that provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017.
On the other hand, Berkshire Hathaway is Apple's largest investor.
Berkshire Hathaway Energy owns and operates some of the world's largest wind and solar energy farms and is building state-of-the-art Terrapower (Bill Gates) nuclear reactors:
There's a lot for a "tech investor" to like about the company. As a consequence, Berkshire has a top-notch subreddit, probably the best subreddit of any company:
PaulWaldman|3 years ago
Linking to this website without written permission is strictly prohibited. Really hope meesterdude obtained said required written permission prior posting.
spoils19|3 years ago
indigodaddy|3 years ago
XCSme|3 years ago
breck|3 years ago
[deleted]
shreyshnaccount|3 years ago
johnywalks|3 years ago
samwillis|3 years ago
Your comment would almost fit better as a reply on the linked page from this other front page post: https://news.ycombinator.com/item?id=33680661
nickelpro|3 years ago
mhh__|3 years ago
breck|3 years ago
[deleted]
dazc|3 years ago
divbzero|3 years ago
https://pagespeed.web.dev/report?url=https://berkshirehathaw...
I think this startup has a shot. Maybe even become a $100B+ company someday.
JYellensFuckboy|3 years ago
api|3 years ago
zie|3 years ago
How do you define success? BRK beat the S&P 500 returns for a few decades. They are one of the largest companies on planet earth(top 10), and their net income after all expenses is approaching $100B USD a year.
They own well known public companies like Dairy Queen, Duracell, BNSF Railroad, Geico Insurance, etc.
They seem pretty successful to me.
mdp2021|3 years ago
Scoundreller|3 years ago
<meta name=Generator content="Microsoft Word 15">
<meta name=Originator content="Microsoft Word 15">
That equates to Office 2013
johnorourke|3 years ago
8ytecoder|3 years ago
dweekly|3 years ago
miobrien|3 years ago
Waterluvian|3 years ago
The website is illegible on my phone. I have to do some zooming and panning and it feels awful.
It’s difficult to have a nice “classic web” page that runs on phones without a lot of care to use media queries. Not that that’s a deal breaker but it quickly departs from the “keep it simple” philosophy of these designs when you are effectively designing it twice.
oldstrangers|3 years ago
Bukhmanizer|3 years ago
mdasen|3 years ago
It's not pushy or overly sales-like, but he is into a lot of the stuff he owns. The message about GEICO is really frank: different insurance carriers vary in their underwriting judgments, but he estimates that GEICO will offer the lowest rate for 40% of people which is more often than any carrier. Go to the website and see if you can save money.
For some of the businesses, it can be a bit personal. He bought Nebraska Furniture Mart over a handshake from someone he'd known for a long time.
It is a little weird, but it's certainly on-brand for him.
paulluuk|3 years ago
kayamon|3 years ago
His advice on how to make money is basically that you should give some to him. Sometimes you just have to stand back and clap.
lupire|3 years ago
amin|3 years ago
- popular saying amongst Dutch investors
Scoundreller|3 years ago
40% of BH's publicly-traded holdings are AAPL stock. 11% is Bank of America. 9% is Chevron. 7% is Coca Cola.
https://www.cnbc.com/berkshire-hathaway-portfolio/
You could replicate 84% of the publicly-traded side of BH with 8 US-based holdings.
But BH trades at 1.5x price to book... not sure if it's really worth it. But there's some VC-style genius in his non-trading holdings (e.g. GEICO and railways) directly held on its book or its <1% public holdings.
https://finance.yahoo.com/quote/BRK-A/key-statistics/
(Though the asset value of the railroads, railcars, energy, pipelines, etc. (not even including liabilities) is about equal to its AAPL holdings, which is all asset/equity).
Overall, if you want a set-and-forget investment, I'd still say go for BH stock.
samwillis|3 years ago
(That's if you ignore the websites of subsidies)
gabcoh|3 years ago
bob1029|3 years ago
osigurdson|3 years ago
heratyian|3 years ago
PaulWaldman|3 years ago
karaterobot|3 years ago
acqbu|3 years ago
JYellensFuckboy|3 years ago
indus|3 years ago
bernardv|3 years ago
yieldcrv|3 years ago
something something the 90s?
BRKB|3 years ago
prpl|3 years ago
yuvalkarmi|3 years ago
miobrien|3 years ago
twiceaday|3 years ago
Waterluvian|3 years ago
Disclaimer: am not a billionaire.
foobarian|3 years ago
throwthere|3 years ago
unknown|3 years ago
[deleted]
BRKB|3 years ago
Berkshire Hathaway Energy owns and operates some of the world's largest wind and solar energy farms and is building state-of-the-art Terrapower (Bill Gates) nuclear reactors:
https://www.brkenergy.com/
There's a lot for a "tech investor" to like about the company. As a consequence, Berkshire has a top-notch subreddit, probably the best subreddit of any company:
r/brkb (https://old.reddit.com/r/brkb/)
Other investors will appreciate that Berkshire owns all of a large part of America's freight transportation system:
https://www.bnsf.com/
And is the largest investor in important parts of its financial system (Bank of America), etc.