Hap (Robert) Sneddon FCSIBerkshire Hathaway Inc. (B)BRK.BPAST TOP PICKJan 18, 2024

We would be very comfortable buying BRK.B either through CDRs or directly. Lower interest rates should help the stock and also its likely ability to do acquisitions with its large cash balance. 
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Hard to bet against, fabulous history. He prefers to own the component parts, namely the top 3 holdings of AAPL, BAC, and CVX. This is not a coincidence, and avoids paying the premium to be part of the Berkshire family. Great management. He wouldn't argue too strongly against buying.

It is one of the best asset managers. Buying an asset manager is a good way to have someone else do this type of work and make good calls for you.

From 1965-2022 has returned 19.8% annually compounded, more than double the S&P, which itself is a good bet. Hold $150 billion cash (more than some countries) and can buy quality companies on the cheap like Chevron and Coca-Cola. If he could own only one stock, it would be this.

Continually outperforms the rest of the world. Cash hoard of $150B, so they can jump first on any opportunities. Transition to a younger management team is being really well executed. Unique business.

Excellent company with best capital allocation in the world.
Owner/operator led (Warren Buffett who is not slowing down).
Large amounts of free cash on the balance sheet.
Operating income hitting records ($10 billion).
Excellent array of business' under ownership.

When you don't know what to do, invest in an asset manager like this or BAM-T. BRK is timely because it holds a lot of insurance which has benefit from rising interest rates. It holds $150 billion cash and Warren Buffett will figure out how to deploy that. Buy a half position.

With this company you are buying a fund of funds.You can buy today for the long term and not worry about it since it has delivered well for investors over the years. The insurance business is a big part.

He's into safety now. Might have trouble here. Includes value stocks, not super-correlated to the tech stocks. May not do much for the short term, but a good position to hold as a core position.

Main difference is the price. The As are a really high price, and the Bs are in the $300s. They're largely economically equivalent. The B shares were created in 1996 so that small investors could buy the stock without being taken advantage of by firms charging management fees for ETFs holding BRK.A. If you had a massive amount of money, like institutional investors, you'd be indifferent. Most people prefer the B shares. 

A great defensive holding. Very durable over the long term. Has had a pretty strong runup, so the valuation is more robust that it's been. People have fled to safety because of the banking crisis in the US. Insurance, especially, is counter-cyclical. You want to wait.

Top asset manager with a long, long legacy. Would buy it today. They will capture the volatility in coming years.

It is a perpetual cash machine and owns some of the world's greatest assets. There is some recent news that Warren Buffet may invest in regional banks. They are buying back lots of stock.

Stay long. He runs an unbelievable company and has terrific people behind him.

Wonderful company. Mega-conglomerate. All insurance businesses have performed well as the economy's weakened. Very defensive names. Multiple has been bid up. Has become more of a wealth preservation vehicle. He'd prefer BAM or KKR, these are the new Berkshires with a better succession plan.