Period: Q3 2014
Portfolio date: 30 Sep 2014
No. of stocks: 19
Portfolio value: $21,710,451,000
|Stock||% of portfolio||Shares||Recent activity||Reported Price*|
|hist||BRK.B - Berkshire Hathaway CL B||53.21||83,625,314||Add 16.08%||$138.14|
|hist||CNI - Canadian Natl Railway Co.||5.60||17,126,874||$70.96|
|hist||CAT - Caterpillar Inc.||5.14||11,260,857||$99.03|
|hist||MCD - McDonald's Corp.||4.75||10,872,500||$94.81|
|hist||KO - Coca Cola Co.||4.21||21,429,710||Reduce 36.98%||$42.66|
|hist||WMT - Wal-Mart Stores||4.09||11,603,000||$76.47|
|hist||WM - Waste Management Inc.||4.08||18,633,672||$47.53|
|hist||XOM - Exxon Mobil Corp.||3.53||8,143,858||$94.05|
|hist||KOF - Coca-Cola FEMSA S A CV||2.88||6,214,719||$100.72|
|hist||TV - Grupo Televisa SA||2.63||16,879,103||$33.88|
|hist||ECL - Ecolab Inc.||2.31||4,366,425||$114.83|
|hist||FDX - FedEx Corp.||2.25||3,024,999||$161.45|
|hist||CCI - Crown Castle International Corp.||1.98||5,332,900||$80.53|
|hist||BP - BP plc||1.50||7,405,614||Add 1.24%||$43.95|
|hist||LBTYK - Liberty Global Inc. C||0.67||3,532,529||$41.02|
|hist||AN - AutoNation Inc.||0.44||1,898,716||$50.31|
|hist||LBTYA - Liberty Global Inc.||0.42||2,119,515||$42.54|
|hist||RSG - Republic Services||0.24||1,350,000||$39.02|
|hist||ARCO - Arcos Dorados Holdings Inc.||0.08||3,060,500||$5.98|
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it indicates the portfolio manager's confidence in the stock at that price and suggests at least some level of undervaluation or margin of safety.
Sector % analysis
Articles & Commentaries
Secretive Money Manager Michael Larson Helped Microsoft Co-Founder's Fortune Balloon to $82 Billion
Business Adventures, by John Brooks, is the best business book I’ve ever read. Unfortunately, it is not easy to find. The book went out of print in the early 1970s. The original publisher is out of business, and Brooks died in 1993. But his family kindly agreed to provide one chapter as a free e-book, which you can download below.
“Xerox Xerox Xerox Xerox,” which originally appeared in the April 1, 1967 issue of The New Yorker, demonstrates all the strengths that made Brooks such a special writer: his intellect, his ability to see the big picture, and his sense of humor.
Not long after I first met Warren Buffett back in 1991, I asked him to recommend his favorite book about business. He didn’t miss a beat: “It’s Business Adventures, by John Brooks,” he said. “I’ll send you my copy.” I was intrigued: I had never heard of Business Adventures or John Brooks.
Today, more than two decades after Warren lent it to me—and more than four decades after it was first published—Business Adventures remains the best business book I’ve ever read. John Brooks is still my favorite business writer. (And Warren, if you’re reading this, I still have your copy.)...