Use "berks" in a sentence

1. Then there was a picture of me outside the Berkshire Hathaway building and they zoomed in on my ring finger

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2. Swann and Sheila rigged a couple of stretchers from hauberks and abandoned spears, and by means of gesture and example chivvied the carters into helping as bearers

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3. The Visitation Monastery, which had moved after living one hundred years of monastic life in Wilmington, Delaware to the Berkshire Mountains of Tyringham, Massachusetts, was just about ten miles away from the Kripalu Center

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4. He packed the car quickly and began his journey through the beautiful Berkshire Mountains, the forests of Connecticut, the green of New York State, and back to the hills of Pennsylvania

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5. The soldier took the cup from Max with a suspicious look, and in a great clinking of hauberks, pulled his fellow after him towards the fountain

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6. The great investor Warren Buffet of Berkshire Hathaway is renowned (apart from his bil ions of dol ars) for putting together Annual Reports for his company investors which are easy to read and easy to understand

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7. Now the grappling hooks sank their points firmly into the wood of the taffrail at poop deck level, and two figures in the blackened breastplates and hauberks of the Imperial Charisian Guard sailed in through those open stern gunports feet-first, hit the deck, rolled, and came smoothly upright

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8. Charlie Munger, vice chairman of Berkshire Hathaway, said, “I believe in the discipline of mastering the best that other people have ever figured out

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9. Years later, after I had started working in the investment business, I began reading the annual reports written by Berkshire Hathaway chairman Warren Buffett, which led me to the works of Benjamin Graham and David Dodd

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10. Berkshire Hathaway’s GEICO subsidiary does just this, and as a result, accounting earnings understate free cash flow assuming a steady-state business

11. Warren Buffett has been an undisputed genius of capital allocation for over 50 years, and no one minds that his Berkshire Hathaway does not pay a dividend

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12. Scads of people have become wealthy doing so, including many of the contributors to this revised edition, not to mention all the people who were smart enough to buy Berkshire Hathaway years ago

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13. 19 In Berkshire Hathaway’s 2000 annual report, Buffett said of his experience in Graham’s class that “a few hours at the feet of the master proved far more valuable to me than had ten years of supposedly original thinking

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14. Berkshire Hathaway went up 26

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15. The same year, in fact, Warren Buffett’s Berkshire Hathaway lowered the expected rate of return on its pension assets from 8

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16. Was SBC being realistic in assuming that its pension-fund managers could significantly outperform the world’s greatest investor? Probably not: In 2001, Berkshire Hathaway’s pension fund gained 9

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17. Incidentally, this record belongs to Charlie Munger, my partner for a long time in the operation of Berkshire Hathaway

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18. Executives like Bill Gates of Microsoft or Warren Buffett of Berkshire Hathaway have direct control over a company’s destiny—and outside investors want to see these chief executives maintain their large shareholdings as a vote of confidence

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19. Cramer wrote that he had “repeatedly” been tempted in recent days to sell Berkshire Hathaway short, a bet that Buffett’s stock had farther to fall

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20. With a vulgar thrust of his rhetorical pelvis, Cramer even declared that Berkshire’s shares were “ripe for the banging

21. Berkshire Hathaway under Warren Buffett is the most well known example of direct business ownership by the most esteemed value investor

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22. Had Berkshire Hathaway been an open-ended mutual fund rather than a corporation with publicly traded securities, many investors would have pulled money out after 1999 and into 2000, a period in which the company's stock declined by about half in the face of a rising market

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23. In the years he ran his limited partnerships, from 1956 through 1969, and beginning again in 1977 as chairman of Berkshire Hathaway, Buffett has written annual letters that report both the major choices he has made during the year and, of more permanent significance, the investment philosophy that has guided his actions

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24. We have selected passages from the letters during the Berkshire Hathaway years and organized them to reveal what we consider the most significant elements of Buffett's approach to investing

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25. The full text of these letters is available on request from Berkshire Hathaway and may be read and downloaded from the company's Web site

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26. First, as he himself says frequently in the letters, his association with his Berkshire partner Charlie Munger helped to move him away from an orthodox Benjamin Graham preference for buying assets at a deep discount to their value, no matter how miserable the company in which they were found, to buying good or excellent businesses at a reasonable price

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27. While Buffett in the Berkshire years still speaks with reverence about Graham, he looks for companies that have impregnable franchises even though they may sell for multiples of their book value

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28. Berkshire Hathaway itself is a hybrid; it owns some businesses outright, including a number of insurance companies, and it has large investments in companies whose shares are still publicly traded

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29. Berkshire Hathaway as a Conduit

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30. In line with Berkshire's owner-orientation, most of our directors have a major portion of their net worth invested in the company

31. Charlie and I feel totally comfortable with this eggs-in-onebasket situation because Berkshire itself owns a wide variety of truly extraordinary businesses

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32. Indeed, we believe that Berkshire is close to being unique in the quality and diversity of the businesses in which it owns either a controlling interest or a minority interest of significance

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33. Our long-term economic goal (subject to some qualifications mentioned later) is to maximize Berkshire's average annual rate of gain in intrinsic business value on a per-share basis

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34. We do not measure the economic significance or performance of Berkshire by its size; we measure by per-share progress

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35. " At Berkshire, we attempt to deal with this problem in two ways

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36. We have a firm policy about issuing shares of Berkshire, doing so only when we receive as much value as we give

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37. So be it: We wish to increase Berkshire's size only when doing that also increases the wealth of its owners

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38. For example, in 1971 our total common stock position at Berkshire's insurance subsidiaries amounted to only $10

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39. • My first mistake, of course, was in buying control of Berkshire

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40. Stock purchases of that kind had proved reasonably rewarding in my early years, though by the time Berkshire came along in 1965 I was becoming aware that the strategy was not ideal

41. Shortly after purchasing Berkshire, I acquired a Baltimore department store, Hochschild Kohn, buying through a company called Diversified Retailing that later merged with Berkshire

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42. After making some expensive mistakes because I ignored the power of the imperative, I have tried to organize and manage Berkshire in ways that minimize its influence

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43. In retrospect, it is clear that significantly higher, though still conventional, leverage ratios at Berkshire would have produced considerably better returns on equity than the 23

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44. We've just passed a milestone: Twenty years ago, on January 3, 1972, Blue Chip Stamps (then an affiliate of Berkshire and later merged into it) bought control of See's Candy Shops, a West Coast manufacturer and retailer of boxed chocolates

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45. Meanwhile, See's remaining pre-tax profits of $410 million were distributed to Blue Chip/Berkshire during the 20 years for these companies to deploy (after payment of taxes) in whatever way made most sense

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46. From October, 1983 through June, 1984 Berkshire's insurance subsidiaries continuously purchased large quantities of bonds of Projects 1, 2, and 3 of Washington Public Power Supply System ("WPPSS")

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47. Despite these important negatives, Charlie and I judged the risks at the time we purchased the bonds and at the prices Berkshire paid (much lower than present prices) to be considerably more than compensated for by prospects of profit

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48. , an investment partnership of which I was general partner, bought control of Berkshire Hathaway 21 years ago, it had an accounting net worth of $22 million, all devoted to the textile business

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49. Indeed, during the previous nine years (the period in which Berkshire and Hathaway operated as a merged company) aggregate sales of $530 million had produced an aggregate loss of $10 million

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50. Further diversification for Berkshire followed, and gradually the textile operation's depressing effect on our overall return diminished as the business became a progressively smaller portion of the corporation

51. After some ups and downs-the company nearly went bankrupt-it eventually was bought out entirely by Berkshire Hathaway

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52. Then they discovered that Berkshire Hathaway had acquired a large position in the bank

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53. Once the word is out that Berkshire Hathaway is a buyer, the stock shoots up in price

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54. Sonkin also appreciates the letters that Graham wrote to the investors in the Graham-Newman partnership, as he does Warren Buffett's letters from the days before Berkshire Hathaway, when he was running the Buffett partnerships that made so many of his investors into genuinely wealthy people

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55. Sonkin has less interest in, if no less regard for, the Berkshire annual letters

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56. The Web site for Berkshire Hathaway is www

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57. Florida was a small community of less than a thousand, situated high in the Berkshires

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58. So not a lot of happy memories for us as we rode in Sampson’s car from DC toward the Berkshires

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59. On the Kraft School campus in the Berkshires of western Massachusetts, Damon Cross ignored the phone whining in his pocket and gestured at an ivy-covered building

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60. But why hadn’t he heard from her since she’d gone to the Berkshires on a scouting assignment? Sunday had tried her cell several times and had gotten nothing but voice mail

61. Warren Buffett, the chairman of Berkshire Hathaway, describes his investment technique as trying to buy good companies at reasonable prices

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62. Buffett, however, is a control investor, and while a reasonable price standard has worked remarkably well for Berkshire Hathaway, that standard is not good enough for OPMIs

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63. Having the ability to employ excess capital (surplus-surplus) profitably (Berkshire Hathaway)

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64. It appears that many of the most successful outside investments have resulted from having such confidence, whether it was by buying and holding General Motors common through the 1933 decline, or by acquiring Japanese insurance stocks at the depth of that country’s extremely sharp business recession and stock market crash of 1965, or even by buying such Japanese securities in 1970 after they had doubled, or Xerox and Holiday Inn when they were emerging securities, or Chicago Northwest Railway and Berkshire Hathaway when they were workout situations, or deep-discount, high-yield, medium-grade bonds in 1974, or Apple Computer when Steve Jobs resumed leadership of the company in 1997

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65. Look at the histories of Berkshire Hathaway Inc

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66. Berkshire Hathaway, in return for cash infusions, received units of preferred stock and common stock issued by Goldman Sachs and General Electric

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67. A similarly timed investment in Warren Buffett’s Berkshire Hathaway would have produced only 9 percent per year in gains

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68. You can also screen by stock ticker to find out which ETFs hold the same stocks as say Berkshire Hathaway

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69. Come here to browse the recent shareholder letters of famous money managers and hedge funds from Berkshire Hathaway to Apaloosa Management and the Sequoia Fund

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70. For example, according to the Berkshire Hathaway 2010 proxy statement, Warren Buffett earns $100,000 in salary and directly owns 37

71. For example, I remember attending Berkshire Hathaway annual meetings and speaking with many of the CEOs who run subsidiaries of Berkshire Hathaway

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72. Even Warren Buffett, CEO of Berkshire Hathaway, held a long-term stake in M&T

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73. Many of the best-performing stocks in history—that is, those that have compounded at rates greater than 20 percent over 15 years—have used decentralized operating structures; for example, Teledyne, Berkshire Hathaway, Penn National Gaming, Expeditors International, Fastenal, Capital Cities ABC, and Bed Bath & Beyond

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74. Letter to Shareholders of Berkshire Hathaway, Inc

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75. Warren Buffett, chief executive officer (CEO) of Berkshire Hathaway, firmly believes this: When he was asked how he determines which managers to partner with, he said, “

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76. For example, if you read a shareholder letter written by Warren Buffett, CEO of Berkshire Hathaway, you might note how easy it is to understand what he writes and how authentic he is in his communications

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77. For example, Berkshire Hathaway has been able to purchase many businesses at good prices because the sellers want to sell to Berkshire Hathaway CEO Warren Buffett

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78. Willey, sold his business to Berkshire Hathaway on May 29, 1995, for $175 million in stock

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79. Most of the acquisitions that Warren Buffett, CEO of Berkshire Hathaway, has made are in cash

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80. These conservative acquisitions have contributed to the excess returns that Berkshire Hathaway has delivered to its shareholders

81. Windsor Castle, the British Royal Family residence at Windsor in Berkshire, UK, is 12th-century construction

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82. Todd Combs (Berkshire Hathaway)

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83. For example, Berkshire Hathaway rarely initiates stock buybacks because it uses cash to purchase other business with better long-term potential

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84. As a result, they instituted a share repurchase policy in 2011, to only repurchase shares in Berkshire when the stock trades at less than 1

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85. 37), Berkshire’s stock was under pressure and near its 52-week lows until the announcement of the stock buyback program

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86. Berkshire was only able to purchase less than $100 million in 2011 because that area acted as assurance to investors that Berkshire was right behind them in purchasing shares

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87. A recent analysis by Kiplinger’s Personal Finance shows that while most people think of Buffett as providing the greatest returns through time, if you’d invested with Icahn in 1968, in 2013 you would have had a compounded return of 31% versus Berkshire Hathaway—Buffett’s company—with “only” a 20% return

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88. The Legend Who’s Said It All; CEO, Berkshire Hathaway

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89. Like millions of investors around the world, I’ve been inspired by the story of how a humble stockbroker from Nebraska turned a failing New England textile business called Berkshire Hathaway into the fifth largest publicly held company in the world, with assets of nearly a half trillion dollars and holdings in everything from Geico insurance to See’s Candies

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90. Berkshire Hathaway, 459, 486

91. Buffett took a different view: Berkshire wouldn't have invested in BofA if it needed his money

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92. The Berkshire chairman reckons that the bank would work through its current problems, and that the underlying banking business will prove highly profitable

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93. If Moynihan's claim that BofA will earn as much as $25 billion in a few years proves correct, Berkshire's profits will exceed $10 billion

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94. Berkshire also received warrants to buy $5 billion of Goldman common stock at $115 a share, $10 below Goldman's share price when the deal was announced

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95. Berkshire was to receive $500 million in annual dividends on the preferred shares, which is tax-advantaged for a corporation

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96. Unlike most preferred, which are callable after five years, the Goldman preferred held by Berkshire can be redeemed at any time at a 10% premium

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97. If the issue is paid off, Berkshire will net a $500 million profit

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98. The Buffett transaction also grants Berkshire warrants to purchase 43

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99. Berkshire's class A shares advanced 0

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100. The annual dividend to Berkshire translated into $1