My confusion increased when I looked at the report from SEC regarding teh dealings of Berkshire Hathaway. That they guy accepts that a mistake was made and walk away from an investment like he did with Posco, Tesco and now also Exxon that is probably a large part of the reason for why it is going well for him and bad for me but jumping back and forth like he did now? Really? That I do not get!
Three new companies were added and those were:
Deere & Co - making heavy machinery for for instance the agriculture and forest industry. This is the company that he decided to jump back into after selling it all last quarter.
Restaurant Brands International - The merged fast food and café company from last year when Burger King joined hands with the Canadian café chain Tim Hortons.
21st Century Fox - The american media, TV and movie company.
For the previous report please click on Berkshire Hathaway: Warren Buffett Q3 2014.
Conclusion: Not only did he add three companies but he also kicked out three others of which Exxon is astonishing to me. He keeps adding to his two credit card companies Visa and Mastercard which I find interesting since the payment market is currently coming up with a broad range of solutions (with that I include Bitcoin).
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