Many eyes will be on its massive equity portfolio and its cash holdings.Where does the time go? Berkshire Hathaway's (BRKA +0.25%)(BRKB 0.51%) first earnings report in the post-Warren Buffett era is almost upon us. Buffett, of course, is still on the scene as chairman, but as of Jan. 1, he's no longer CEO. Regardless, Berkshire -- which hasn't formally set a date for disseminating its fourth-quarter and full-year 2025 results -- will likely unveil them toward the end of February. Here's my take on whether i ...

Warren Buffett’s holding company, Berkshire Hathaway (NYSE: BRK.A), earned nearly $62 million in quarterly dividend income from its massive Apple (NASDAQ: AAPL) holding on Thursday, February 12.The figure reinforces the iPhone maker’s role as a key income generator for the conglomerate, which held approximately 238.2 million Apple shares as of the end of the third quarter, each of which generated $0.26 during yesterday’s payout.Buffett has repeatedly praised Apple’s brand strength, ecosystem, and shareholde ...

机构对伯克希尔的评级整体保持稳定。截至2026年2月，7家覆盖机构中买入或增持观点占比29%，持有 观点占比57%，目标均价为881,059.47美元，较当前价存在上行空间。摩根士丹利等机构近期未调整评 级，但强调公司现金储备和业务多元化支撑长期韧性。 以上内容基于公开资料整理，不构成投资建议。 伯克希尔股价在最近7天(截至2026年2月12日)呈现震荡走势。区间数据显示，股价从2月6日收盘价 762,569.63美元下跌至2月12日收盘价749,540.00美元，区间跌幅为1.71%，振幅为1.99%。成交相对清 淡，区间成交额为9.79亿美元。最新行情显示，2月12日收盘价为749,540.00美元，单日涨幅0.14%，市 盈率(TTM)为15.98倍，同期道琼斯指数下跌1.34%，表现略弱于大盘。 机构观点 经济观察网伯克希尔哈撒韦近期热点集中于国际投资回报与管理层过渡。2026年2月9日，日经225指数 史上首次突破56000点，推动伯克希尔所持日本五大商社股票市值突破410亿美元，单日浮盈接近20亿美 元，该项投资自2019年以来账面增值近两倍。同时，公司管理层权力过渡已完成，格雷格.阿贝尔自 20 ...

Industry Overview - The insurance industry is influenced by better pricing, climate change leading to catastrophe losses, and accelerated digitalization [1] - Global commercial insurance rates fell by 4% in Q4, marking the sixth consecutive quarter of decline due to increased competition from reinsurers and new entrants [2] Berkshire Hathaway (BRK.B) Analysis - Berkshire Hathaway is a diversified conglomerate with over 90 subsidiaries across various industries, which helps mitigate concentration risk [4] - Insurance constitutes approximately 25% of Berkshire's total revenues, with growth supported by increasing demand, disciplined underwriting, and favorable pricing trends [5] - The company has a strong financial position with over $100 billion in cash and a return on equity (ROE) of 7.3%, which is below the industry average [8] - Recent stock performance shows a 1% gain over the past month [8] American International Group (AIG) Analysis - AIG is a leading global insurance organization providing a wide range of insurance and financial services in over 80 countries [9] - The company has focused on stricter underwriting, divesting non-core businesses, and modernizing operations, resulting in an average underwriting profit of $2 billion annually over the past three years [11] - AIG's capital deployment strategy includes $734 million in dividends and $5.3 billion in share repurchases over the first nine months of 2025, with an ROE of 9.8% [13] - AIG's stock has gained 8.5% in the past month [13] Financial Estimates - The Zacks Consensus Estimate for BRK.B's 2026 revenues indicates a 4.7% year-over-year increase, while EPS is expected to decrease by 0.1% [14] - For AIG, the 2026 revenue estimate suggests a 5.3% year-over-year increase, with EPS expected to rise by 10.2% [15] Valuation Comparison - Berkshire Hathaway's price-to-book ratio is 1.54, above its five-year median of 1.44, while AIG's ratio is 1.03, above its median of 0.98 [16] Conclusion - Berkshire Hathaway offers a diversified investment opportunity, but investors are cautious about its performance under new leadership [17] - AIG's strategic initiatives and capital deployment enhance shareholder value, making it more appealing based on ROE and valuation metrics [19]

The modern investment industry is built on the idea that constant action equals better intelligence. More trades. More commentary. More “positioning.” Berkshire Hathaway (BRK.B) (BRK.A) rejected that premise entirely, and over decades turned restraint into one of the most powerful advantages in investing. Wall Street rewards motion. Fund managers are expected to trade, rebalance, and react, often not because it improves results, but because it signals effort. In that environment, sitting still can look i ...

Core Insights - Warren Buffett highlights the disparity in market knowledge, where sophisticated investors often have an advantage over less experienced ones, indicating that market dynamics favor those with better information and emotional control [1][2][5] Group 1: Market Dynamics - Market prices can deviate from the intrinsic value of companies, leading to opportunities for those who understand the underlying business realities [2] - The behavior of investors often reflects emotional responses rather than rational assessments of value, with inexperienced investors entering the market during high optimism and exiting during downturns [4] Group 2: Investor Behavior - Sophisticated investors tend to buy when retail investors are selling due to fear, capitalizing on the emotional volatility of the market [4] - The edge that experienced investors possess is not based on unethical practices but rather on patience, discipline, and a thorough understanding of business valuation [5] Group 3: Investment Strategy - Buffett's approach with Berkshire Hathaway emphasizes long-term ownership and minimizes trading, reducing the likelihood of shareholders being adversely affected by market fluctuations [6]

Group 1 - Berkshire Hathaway's investment in Japan's five major trading companies has gained significant attention due to the Nikkei 225 index surpassing 56,000 points for the first time on February 9, 2026, resulting in a market value of over $41 billion for its holdings and a single-day profit of nearly $2 billion, reflecting a nearly twofold increase since 2019 [1] - This event highlights the strong returns from Berkshire's international investments, which may positively influence market sentiment [1] Group 2 - Berkshire's stock price has shown volatility over the past week, declining from $762,569.63 on February 6 to $748,456.20 on February 11, representing a drop of 1.12% and a trading range of 2.40%, with a total trading volume of $909 million and a current P/E ratio of 15.96 [2] - During the same period, the Dow Jones index increased by 1.25% and the Nasdaq index rose by 0.71%, indicating that Berkshire's performance was slightly weaker than the broader market [2] Group 3 - Institutional ratings for Berkshire remain stable, with 57% of 7 institutions holding a neutral view and 29% recommending buy or add, with a target average price of $881,059.47, suggesting potential upside from the current price [3] - Morgan Stanley and other institutions have not adjusted their ratings recently but emphasize Berkshire's cash reserves and diversified business model as factors supporting its long-term resilience [3]

Core Insights - Bruker reported quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.65 per share, and down from $0.76 per share a year ago, representing an earnings surprise of -9.23% [1] - The company posted revenues of $977.2 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.12%, but down from $979.6 million year-over-year [2] - Bruker shares have declined approximately 9.9% since the beginning of the year, contrasting with the S&P 500's gain of 1.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $785.22 million, and for the current fiscal year, it is $2.11 on revenues of $3.45 billion [7] - The estimate revisions trend for Bruker was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Instruments - Scientific industry, to which Bruker belongs, is currently in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Core Insights - Warren Buffett emphasizes that fear is a costly force in investing, often leading to hasty decisions when patience is more beneficial [1][2] - Active trading and high-frequency strategies are frequently detrimental, as highlighted by Buffett's warning against selling quality businesses during periods of fear [1] - The market often sees a transfer of ownership from fearful investors to those who remain patient during volatile times [2] Market Behavior - Investors tend to sell during spikes in volatility, not due to changes in business outlook, but because of discomfort with uncertainty [2] - Scary news can create investment opportunities, as prices may disconnect from intrinsic value during periods of high uncertainty [3] Investment Philosophy - Berkshire Hathaway's approach to crises is shaped by the understanding that earnings will be volatile, and the focus should be on avoiding permanent loss rather than short-term pain [4] - Selling during panic can lead to two mistakes: buying without conviction and selling when future returns are likely to be highest [5] - Most long-term investment failures are attributed to poor behavior surrounding fundamentally sound businesses rather than the businesses themselves [5]

Warren Buffett never thought Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) should pay a dividend. In his 60-plus years as CEO, the board only approved a single dividend payment to shareholders (in 1967). Buffett jokes that he must have been in the restroom when they took that vote. On the other hand, he loved buying stocks for the conglomerate's portfolio that paid consistent and growing dividends. Quite a few of those remain in Berkshire's marketable equity portfolio today. Two of them look poised to ra ...