It's easy to pick a big, profitable company and sometimes see pricing power, or sometimes see costadvanage. Maybe they're not really as durable as we expectye. We often think about pricing power through the lens of major consumer brants like star books. The loyalty allows them to charge more, but it's kind of an active decision that the customeris going to see those higher prices.
“We’re not stock pickers, we’re business pickers.” Warren Buffett’s most recent letter reminded investors of the discipline he and his investing team at Berkshire-Hathaway apply to their work each day. And while there’s nearly $150 billion in cash on the balance sheet, Buffett still hasn’t pulled out his famed “elephant gun” just yet.
(0:25) John Rotonti discusses: - His top takeaway from the letter
- Buffett’s praise for Apple CEO Tim Cook
- The case for Berkshire-Hathaway buying semiconductor design company Arm Limited (13:00) Dylan Lewis and Jason Hall discuss two unexpected companies that are winning due to higher inflation. Stocks discussed: BRK, AAPL, NVDA, F, GM, TSLA, MA, BIP, SBUX Host: Chris Hill Guest: John Rotonti, Dylan Lewis, Jason Hall
Producer: Ricky Mulvey Engineer: Rick Engdahl
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