This time of year, as shareholders of Berkshire Hathaway make the pilgrimage to Nebraska to hear from the Oracle of Omaha in person at the company's May 6 annual meeting, we like to check on Berkshire's diverse investment portfolio. We're able to do that via the documents that the company is required to file each quarter with the Securities and Exchange Commission. The latest batch of filings show what chairman and CEO Warren Buffett, or his co-portfolio managers Ted Weschler and Todd Combs, were buying and selling at the end of 2022, providing some insight into what the greatest investor of all time might be thinking.
Buffettologists-and the rest of the market-got something of a shock when the latest portfolio moves came to light. Berkshire sold off most of its stake in TAIWAN SEMICONDUCTOR MANUFACTURING in the fourth quarter. Given that Buffett (or his co-managers) had initiated the Taiwan Semiconductor stake only a quarter earlier, it's understandable if investors-especially any who copied the move-now have a brutal case of whiplash.
After all, Buffett is famous for saying that his favorite holding period for a stock is "forever." When Berkshire Hathaway revealed that it had bought 60.1 million shares of Taiwan Semiconductor in the third quarter of 2022, it was only natural for people to assume it was a long-term bet on the world's largest pure-play semiconductor foundry.
This story is from the May 2023 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 2023 edition of Kiplinger's Personal Finance.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Your Vacation Home Could Provide Tax-free Income
If you plan to rent out your vacation home, it's important to understand how your proceeds will be taxed.
A SOLID YEAR FOR THE KIPLINGER 25
All but one of our favorite actively managed, no-load mutual funds gained ground as markets recovered.
IT'S NOT YOUR IMAGINATION: YOUR CEREAL BOX IS SHRINKING
To avoid raising prices, some manufacturers are reducing the size of common grocery items. Here’s how to fight back.
SHOULD YOU WORRY ABOUT BEING LAID OFF? IT DEPENDS ON YOUR INDUSTRY
Downsizing has hit certain sectors. But cutbacks may be slowing, and some companies are expanding.
How identity thieves are exploiting your trust
Con artists themselves are disguising as well-known brands to steal your money and personal information.
CUT THE COST OF YOUR WIRELESS BILL
AT&T, T-Mobile and Verizon dominate the market, but smaller outfits offer similar network coverage at lower prices.
MAKING HOME ENERGY MORE AFFORDABLE
Households in need can get energy-efficiency upgrades, help with utility bills and more from this nonprofit.
A HEAD START FOR SAVERS
The Saver's Credit is designed to help low- and middleincome taxpayers contribute to a retirement account.
Say I Love You With a Money Date
To nurture a lasting bond with your partner, meet regularly to talk about money.
Plan for Your Own Elder Care
AFTER I wrote a series of columns in 2022 about elder care planning for family members, I received a number of responses like this one: “What about married couples who have no children or whose family members don’t live nearby?” wrote one reader. “Or a single individual with no close relatives? How should these people plan for their own elder care?”