AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
TIP548: Berkshire Hathaway Masterclass 2023 w/ Chris Bloomstran
We Study Billionaires - The Investor’s Podcast Network
The Earning Power of Berkshire's Stock Portfolio
When you own the stock portfolio two years ago, the end of 2021, when the stock portfolio was trading in 19 times earnings, you had total earnings of about $17.5 billion on the stock portfolio. But given the purchases last year in the stock portfolio at low multiples to durable earning power, and given the net purchases of over $50 billion, now you've got this $309 billion stock portfolio that has no longer has earnings of $17 or $18 billion but it has earnings of north of $23 billion. Your dividends are $5.5 and a half, but you retained earnings are now almost $18 billion. Well, that $18 billion is every bit as economical
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode