March 4 th 2013. Common Cents Investment Group March, 2013 Agenda T-shirts! E-Board Applications ...
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Transcript of March 4 th 2013. Common Cents Investment Group March, 2013 Agenda T-shirts! E-Board Applications ...
March 4th 2013
Common Cents Investment GroupMarch, 2013
Agenda
T-shirts! E-Board Applications Today in the Market Berkshire Hathaway Options and Futures by Nick Ramstetter
Common Cents Investment GroupMarch, 2013
E-Board Information
Interviews are to occur either Sunday or Saturday I will send out a follow-up tomorrow
requesting availability Short (5-15 min), informal interviews Want to get to know you better and let you
expand on some ideas that you mention in your application
Wear your best suit (Just kidding…don’t do that!)
Common Cents Investment GroupMarch, 2013
Today in the Market
Common Cents Investment GroupMarch, 2013
Phillips in the News
Not as relevant, but cool! http://www.bloomberg.com/video/led-
bulb-adoption-taking-off-philips-sebasky-Lr6X3mv4QPG4wlZRqHmePw.html
Common Cents Investment GroupMarch, 2013
Apple’s Watch
http://www.bloomberg.com/video/iwhat-will-apple-come-out-with-iwatch-21iBsuF_Tv6UKFpO1MXegg.html
Common Cents Investment GroupMarch, 2013
Wealth in India
http://www.bloomberg.com/video/why-you-may-want-to-start-investing-in-india-RORR6NaQTsWC4STZkH~PCg.html
Brian pitched about Tata Motors Indian car manufacturing
Common Cents Investment GroupMarch, 2013
The Great Divide
Sequester: “Isolate or Hide away” A general cut of government spending that is
designed to force an agreement in Washington Designed to be devastating to Republicans and
Democrats $55 B cuts for defense $27 B cuts for non-defense domestic spending
Took place March 1st
Spending authorizations take place March 27th
Needs worked out before then!
Common Cents Investment GroupMarch, 2013
The Great Divide
http://www.bloomberg.com/news/2013-03-04/obama-congress-take-wait-and-blame-approach-on-budget.html
Common Cents Investment GroupMarch, 2013
Berkshire
Earnings reported $24 B increase in net worth
Warren says “Ehhhh” BRKB performance is a lot greater when the
market is flat
Common Cents Investment GroupMarch, 2013
Berkshire
Lagging performance is only the company’s 9th in 48 years But 3rd in 4 years If market continues to rise, his streak of
beating the S&P will be over Failed to secure another large deal in 2012
Said he studied several, but didn’t “pull the trigger”
Common Cents Investment GroupMarch, 2013
Berkshire
Several, small “bolt-on” purchases by Berkshire Only around $2B in investments
Berkshire is putting up $12B for partial buyout of Heinz Co. He wants more! With $47B in cash, small deals don’t do
much…
Common Cents Investment GroupMarch, 2013
Berkshire
Other acquisitions 28 daily newspapers - $344 M
Boosted stake in Coca Cola American Express IBM Wells Fargo
Common Cents Investment GroupMarch, 2013
Berkshire
He discussed two new investment managers at Berkshire, Todd Combs, Ted Weschler Outperformed S&P by double digits in
2012 BRKB reported net income of $14.8B for
2012 Up 45% from 2011 Improved results at insurance units $1.28B in derivative gains
Common Cents Investment GroupMarch, 2013
Berkshire
Buffet finishes with a message to other chief executives who decline to invest in the future due to economic uncertainty
http://www.berkshirehathaway.com/letters/2012ltr.pdf
Common Cents Investment GroupMarch, 2013
Berkshire
http://www.bloomberg.com/video/don-t-copy-warren-buffet-laffont-1vSvxzhbR5yyQ7OoGnN63Q.html
Nick Ramstetter
Options and Futures
Common Cents Investment GroupMarch, 2013
Membership
Cost is only $20 for the whole year! Benefits:
Member of a very beneficial and informative club that will inevitably be valuable in your future
A network of friends who share a similar interest in investing and personal finance
A virtual portfolio challenge that will strengthen your confidence in investing
Common Cents Investment GroupMarch, 2013
Membership
Make sure to check out our website for the presentations Monday night | ccig.osu.edu
Get on our Facebook page and like us!www.facebook.com/ccigosu
Common Cents Investment GroupMarch, 2013
Questions?
Questions, comments or concerns?