The best and worst investments of Warren Buffett in his 60th anniversary as CEO of Berkshire Hathaway

Multimiles investorWarren Buffettsaid on Saturday that heHe wants to leaveAs CEO of Berkshire Hathaway By the end of the year. The revelationIt was a surpriseBecause the 94-year-old had previously said that he did not plan to retire.

Buffett, one of theRichest people in the worldAnd most of the investors made, they took control of Berkshire Hathaway in 1965 when he was a textile manufacturer. It turned the company into a conglomerate to find other companies and shares to buy that came for less than they were worth.

Its success turned it into a Wall Street icon. Also earned him the nickname “Oracle of Omaha ”, a reference in the city of Nebraska, where Buffett was born and chose to live and work.

Here are some of their best and worst investments over the years:

The best of buffett

– National compensation and marine and marine fires: bought in 1967, the company was one of the first insurance investments in Buffett. Insurance Float – Premium money insurers can invest in the moment the policies are bought and when claims are made, it provided capital for many of the Berkshire investments over the years and helped to promote the growth of the company. The Berkshire Insurance Division has grown to include Geico, General Reinsurance and several other insurers. The float amounted to $ 173 million at the end of the first quarter.

– buy stock blocks at American Express,Coca-Cola Co.and Bank of America At times when companies were in favor of scandals or market conditions. Collectively, the shares are worth more than $ 100 billion more than what Buffett paid for them, and this does not have all the dividends he has collected over the years.

-Apple: Buffett Long said he did not understand technology companies enough to evaluate them and choose the winners in the long term but started buyingApple sharesIn 2016 he explained after he bought more than $ 31 million because he understood the iPhone manufacturer as a consumer product company with extremely faithful customers. The value of its investment grew up to more than $ 174 million before Buffett started selling Berkshire Hathaway shares.

– BYD: For the advice of their latest investor partner Charlie Munger, Buffett opted for the genius of ByD Founder Wang Chanfu in 2008 with an investment of $ 232 million inChinese electric vehicleMaker. The value of this participation increased to more than $ 9 billion before Buffett began to sell it. Berkshire’s remaining participation is still $ 1.8 billion.

– See’s Candy: Buffett repeatedly pointed out his 1972 purchase as a turning point for his career. Buffett said that Munger persuaded him to make sense to buy large companies at good prices as long as they had lasting competitive advantages. Previously, Buffett had invested mainly in companies of any quality as long as they sold less than they thought they were worthwhile. Berkshire paid $ 25 million per SEE and recorded $ 1.65 billion from the candy company until 2011. The amount continued to grow, but Buffett did not stand out.

– Berkshire Hathaway Energy: Public services provide a large and constant flow of benefits for Berkshire. The conglomerate paid $ 2.1 billion, or about $ 35.05 per action, for Mid -American energy based on des Moines in 2000. The utility unit was later renamed and made several acquisitions, including Pacificorp and NV Energy. Utilities added more than $ 3.7 billion to Berkshire’s benefit by 2024, although Buffett said that it is now worth less than they used to be because of the responsibility they faceRelated to wildfires.

The worst of buffett

– Berkshire Hathaway: Buffett said his investment in the textiles of Berkshire Hathaway was probably his worst investment ever. The textile company that Bled Money assumed in 1965 for many years before Buffet was finally closed in 1985, although Berkshire provided cash for some of Buffett’s first acquisitions. Of course, Berkshire Buffett shares started shopping for $ 7 and 8 per action in 1962, now $ 809,350 per action is worth, so even the worst buffett investment was good.

– Dexter Shoe Co.: Buffett said he made a terrible crack by buying Dexter in 1993 for $ 433 million, a mistake was even worse because he used Berkshire’s actions for the agreement. Buffett says that 1.6% of Berkshire was given essentially for a useless business.

– lost opportunities. Buffett said that some of his worst mistakes over the years were the investments and offers he did not commit. Berkshire could have made billions if Buffett would have been comfortable Amazon, Google or Microsoft soon. But it was not just the technology companies he lost. Buffett told the shareholders that he was trapped “sucking -the thumb” when he did not follow his plan to buy 100 million Walmart Actions that would be worth almost $ 10 billion today.

– Sell banks too soon. Not long before Covid pandemic, Buffett seemed assaulted most of his banking stocks. Repeated scandals that involve Wells Fargo He gave him a reason to start downloading his 500 million shares, many of them for about $ 30 per action. But he also sold his JP Morgan participation at prices below $ 100. Both stocks have doubled more than since.

– Blue Chip Stamps: Buffett and Munger, former Vice President of Berkshire, took control of Blue Chip in 1970 when the client’s reward reward program generated $ 126 million in sales. But as the negotiation stamps favored retailers and consumers, sales constantly decreased; In 2006, they rose to only $ 25,920. However, Buffett and Munger used the float that Blue Chip generated to acquire Candy, Wesco Financial and Precision Castparts, who are all constant collaborators in Berkshire.

This story originally presented to Fortune.com