Mike's Daily Comment
Summary
Berkshire buys $12 billion of stock since election.
This move was largely Buffett’s.
Walgreens recuts Rite Aid deal.
Berkshire Hathaway
Berkshire (BRK.A/BRK.B) substantially grew its equity portfolio after the US presidential election. They had slightly over $100 billion in shares before the election and increased it by over 10% with new purchases since then. Next month, we will go through the specific securities purchased. The new purchases could be new positions or increases of current ones.
…also:
The refugee backlash has been percolating in the US and Europe for some time. Governments inability to integrate immigrants & refugees on both social and economic terms satisfactory to the voting public is clearly an explosive issue.
…also: Looking for Yield, Ozzie’s Got Some Ideas
Prime Minister Trudeau just completed a cross country tour where technology as a cause of job loss wasn’t talked about. Meanwhile John Kerry in Davos Switzerland said 85% of job loss in the last decade was due to technology.
….also from Michael: The Great Divide – Thinking With Your Head vs Knowing with Your Heart
Live from the trading desk, Victor talks bonds, stocks and trading in the Trump era, a time that appears so vastly different from the last 8 years.
….related: All star Analyst, Jack Crooks on Trump, Bonds and the US$
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One Really Positive Byproduct of Trump’s Policy Announcements
Posted by Michael Campbell
on Wednesday, 1 February 2017 15:01
As Donald Trump forges forward with tax, regulatory change, immigration and trade pronouncements, he’s certainly got everyone’s attention. Michael on why that is a good thing.
….speaking of government: A Perk You Can Only Dream of