Period: Q1 2014
Portfolio date: 31 Mar 2014
No. of stocks: 20
Portfolio value: $19,804,621,000
|Stock||% of portfolio||Shares||Recent activity||Reported Price*|
|hist||BRK.B - Berkshire Hathaway CL B||48.61||77,039,804||Reduce 6.09%||$124.97|
|hist||KO - Coca Cola Co.||6.64||34,002,000||$38.66|
|hist||CAT - Caterpillar Inc.||5.65||11,260,857||$99.37|
|hist||MCD - McDonald's Corp.||5.38||10,872,500||$98.03|
|hist||CNI - Canadian Natl Railway Co.||4.86||17,126,874||$56.22|
|hist||WMT - Wal-Mart Stores||4.48||11,603,000||$76.43|
|hist||XOM - Exxon Mobil Corp.||4.02||8,143,858||$97.68|
|hist||WM - Waste Management Inc.||3.96||18,633,672||$42.07|
|hist||KOF - Coca-Cola FEMSA S A CV||3.31||6,214,719||$105.52|
|hist||TV - Grupo Televisa SA||2.84||16,879,103||$33.29|
|hist||ECL - Ecolab Inc.||2.38||4,366,425||$107.99|
|hist||FDX - FedEx Corp.||2.02||3,024,999||$132.56|
|hist||CCI - Crown Castle International Corp.||1.99||5,332,900||$73.78|
|hist||BP - BP plc||1.78||7,315,267||$48.10|
|hist||LBTYK - Liberty Global Inc. C||0.73||3,532,529||Add 150.00%||$40.71|
|hist||AN - AutoNation Inc.||0.51||1,898,716||$53.23|
|hist||LBTYA - Liberty Global Inc.||0.45||2,119,515||$41.60|
|hist||RSG - Republic Services||0.23||1,350,000||$34.16|
|hist||ARCO - Arcos Dorados Holdings Inc.||0.16||3,060,500||Buy||$10.08|
|hist||TTF - Thai Fund Inc.||0.01||274,254||Buy||$10.83|
* 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
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.)...
In 1993, Bill and Melinda Gates—then engaged—took a walk on a beach in Zanzibar, and made a bold decision on how they would make sure that their wealth from Microsoft went back into society. In a conversation with Chris Anderson, the couple talks about their work at the Bill & Melinda Gates Foundation, as well as about their marriage, their children, their failures and the satisfaction of giving most of their wealth away.
Microsoft founder and Chairman Bill Gates and Bloomberg LP founder Michael Bloomberg discuss poverty and philanthropy
Microsoft founder Bill Gates talks to CNBC's Becky Quick at the annual Berkshire shareholder meeting in Omaha, Nebraska. He addresses Buffett's prostate cancer diagnosis, his feelings about the shareholder meeting, gold, and billionaires agreeing to give away their money.
The Minneapolis-based manufacturer of soaps and sanitizing equipment on Monday revealed that it will allow the Microsoft Corp. (MSFT) co-founder's Cascade Investment LLC and the Bill and Melinda Gates Foundation Trust to acquire up to 25% of Ecolab's shares.
Melinda Gates discusses her fight against global poverty.