3 Key Stocks from Berkshire AGM 2024

3 Key Stocks from Berkshire AGM 2024

Plus Buffett's greatest 3 investing lessons...

Yesterday, Berkshire had its 2024 AGM with Warren Buffett answering near 7 hours worth of questions.

I have condensed the 7 hours into 3 key stocks and 3 life lessons for investors.

Before we dive into the Stocks, I wanna make some disclaimer and also invite those who are still unsure how to invest to join me in my exclusive live trade club - Superinvestor Club

Using Options to Invest in these stocks (Trade live with me)

Personally, I am vested in all of these stocks, mostly using options to have the leverage but not the risk. Since last year, I have been investing/ trading live with my Superinvestors Club Members and one of our key winning strategy is the Call Ratio Backspread. It is an amazing strateg that pays us immediately and then further give us profits when the stock price moves up or even down!

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If you always want to join a Premium Investment Club where we actually analyse stocks and do LIVE Trades with Real Money together, I would like to invite you to join our SuperInvestors Club.

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Also, Superinvestors do not just know how to pick stocks, but also have wisdom to manage the money we make… so here are the 3 Stocks and 3 Key Lessons and from Buffett

3 Stocks to Note:

#1: Apple (AAPL)

Despite Berkshire Hathaway's slight reduction in its Apple stake by 12.9%, the company's enduring appeal remains steadfast.

"Apple's resilience and innovation are enduring, with products that have consistently driven consumer appeal," Buffett noted.

With a market capitalization surpassing $2 trillion, Berkshire's strategic trimming was part of a broader cash accumulation strategy, reflecting astute risk management amidst evolving market conditions. This move highlights the importance of maintaining liquidity and flexibility in investment strategies.

#2: Occidental Petroleum (OXY): 

Berkshire's involvement with Occidental Petroleum signifies a strategic bet on the energy sector's future.

Since its $10 billion infusion in 2019, Berkshire's acquisition of nearly 250 million shares of Occidental's common stock has piqued investor interest.

Occidental's commitment to sustainable energy and Berkshire's potential considerations for outright ownership underscore the company's long-term growth prospects.

The strategic investment in carbon capture technologies positions Occidental as a leader in the sustainable energy transition.

#3 Liberty SiriusXM (LSXMA)

Berkshire Hathaway's decision to invest in Liberty Media appears to be strategically aligned with their typical investment philosophy, which emphasizes strong leadership, clear growth prospects, and unique market opportunities. Liberty Media controls a variety of media, communications, and entertainment businesses, including significant interests in Formula One, SiriusXM, and the Atlanta Braves, among others.

Warren Buffett has often highlighted the importance of investing in companies that have a competitive edge, strong leadership, and the potential for long-term growth. Liberty Media's diverse portfolio and its innovative approach to media and entertainment seem to fit well within these criteria. The company's management under CEO Greg Maffei has been noted for its strategic operations and expansions into new and profitable ventures, aligning with Berkshire Hathaway's preference for well-managed companies.

#4: Banks…: (BAC, C, JPM…) 

While Berkshire's recent $1.2 billion investment in a financial entity remains shrouded in secrecy, it signals confidence in the banking sector's resilience and profitability.

Buffett's historical affinity for bank stocks, coupled with Berkshire's strategic maneuvers, hints at promising opportunities within the financial industry.

Despite limited details, investors are encouraged to monitor developments closely for potential insights into Berkshire's investment thesis.

3 Key Lessons

During the AGM, Buffett also shared these 3 Key Lessons for Investors and Life:

#1: Invest in What You Understand: 

Buffett reiterated the importance of staying within one's 'circle of competence', a principle that has guided many of Berkshire's investment decisions. He stated, "Understanding the business economics before investing safeguards against potential losses and ensures a much clearer pathway to return on investments."

#2: The Power of Patience: 

Emphasizing patience, Buffett shared, "The stock market is designed to transfer money from the Active to the Patient." This lesson underscores the value of disciplined investment strategies and the importance of waiting for the right opportunities rather than reacting to market volatility.

#3: Write Your Own Obituary: 

Reflecting on aligning one's actions with personal values, Buffett advised investors to think long-term about their life's achievements and how they wish to be remembered, stating, "It’s a powerful exercise that aligns your actions with your values."

In Summary, here is a quick tip - his yearly letters to his shareholders are filled with gems and if you are serious and profiting from the market, you HAVE to read them.

Here is the link:
https://www.berkshirehathaway.com/letters/letters.html

Lets Build Wealth, Give Wealth,

Together, Next Level

Sean