My Investing Muse

This  news  broke in Aug 2023 when Berkshire’s recent investments into a few homebuilders in the USA. Berkshire invested $814M in US homebuilders Extract from the news article dated 15 Aug 2023: Warren Buffett’s Berkshire Hathaway disclosed $814 million in investments across three home builders this week, the Financial Times  reported . The move from the world’s most famous investor reflects how builders are capitalizing on this moment of limited supply, even as higher mortgage rates have cast a chill on home sales. Buffett’s biggest focus was on D.R. Horton. Berkshire purchased six million shares in the company, worth roughly $726 million at the end of the second quarter. The investment made Berkshire one of D.R. Horton’s 10 largest shareholders, as it holds 1.8 percent of its stock. Berkshire also purchased more than 152,000 shares in Lennar and 11,000 shares in NVR. As per the Q2/2023 13F filings, Berkshire has bought the following: 5,969,714 shares of DHI 11,112 share...

  In the world of investing, I believe that most of us have our own heroes or gurus. It would not be a surprise to start our investing journey with materials from some of our investing heroes. I started out as a reckless trader ~ making textbook mistakes. “Fortunate does not always favour the brave and defeat awaits our folly.” - Benson Kong It will not be surprising if we are starting learning with icons like Warren Buffett, Charlie Munger. For a season, I was following “cloning” ~ advocated by Mohnish Pabrai. I do not think that it is the only strategy but we can take some of our references from our investing heroes. Before we blindly copy their buys and sells, let us do our research and due diligence. Here are some of their 13F filing (for US equities) for Q1/2023 ~ with a focus on their buy & sell activities. We buy for one reason but could sell for a million reasons. Not every sale should be treated with concern or negativity. I have shared my observations about their Q1/2...