What I Wish I Wrote ~ Mar. 4, 2016

We’re in a world of abundance. Is it leading to too many malinvestments? (The Reformed Broker)

A good breakdown of Berkshire-Hathway’s 2015 from Warren Buffett’s latest annual letter to shareholders. (The Aleph Blog)

Speaking of Berkshire-Hathaway, in 1999 Yahoo! was worth more and 19 other things that actually happened in 1999. (Dividend Reference)

The three paths to outperformance. (Morningstar)

“The most important financial services company you’ve never heard of”. (Intrinsic Investing)

Investing professionals should meditate. (Jason Voss on LinkedIn)

“It’s hard to believe that $65.7 billion of Warren Buffett’s $66 billion net worth came after his 50th birthday”. And other hard truths investors have a hard time wrapping their heads around. (Morgan Housel @ The Motley Fool)

Investing in you self. The 100 things list. (Budgets are Sexy)

How to be frugal and still enjoy life. (Dividend Mantra)

How safe is Chevron’s (CVX) dividend? (The Div-Net)

A bunch of links all focused on Warren Buffett and his recent comments on Berkshire-Hathaway and its portfolio of companies. (Value Investing World)

Lesson learned from Richard Thaler on behavioral economics. (25iq)

Radical investment advice. Do nothing. (Jason Zweig @ WSJ)

Software is the new oil. (AVC)

Book review on Quality Investing: Owning the Best Companies for the Long Term. (Value and Opportunity)

What makes life worth living in the face of death? Try and not to shed a tear after reading the 2nd to last paragraph. (Farnam Street)

The 4 (But Really 3) Dividend Aristocrats Warren Buffett Owns

I’ve seen this headline a few times Warren Buffett’s 4 Favorite Dividend Aristocrats. Just like everyone else I’m susceptible to the listicle and I clicked it. If you’re a Buffett follower you can probably guess the four. In case you can’t the four are:

  • Coca-Cola (KO)
  • AT&T (T)
  • Wal-Mart (WMT)
  • Procter & Gamble (PG)

But here’s the thing. Technically Berkshire-Hathaway still owns 52,477,678 shares of Procter & Gamble (PG), but it entered into a swap agreement with Procter & Gamble to sell its shares back to Procter & Gamble in exchange for Duracell. In the latest letter to shareholders, the Procter & Gamble (PG) stake is marked as held for sale.


From Berkshire-Hathaway 2015 Annual Letter. Click image to enlarge.
From Berkshire-Hathaway 2015 Annual Letter. Click image to enlarge.

So yeah Warren Buffet owns 4 of the Dividend Aristocrats, but one of them is in the process of being sold out of the portfolio.


Warren Buffett’s 4 Favorite Dividend Aristocrats (Sure Dividend)