Download presentation
Presentation is loading. Please wait.
Published byErika Baldwin Modified over 9 years ago
1
March 4 th 2013
2
Common Cents Investment Group March, 2013 Agenda T-shirts! E-Board Applications Today in the Market Berkshire Hathaway Options and Futures by Nick Ramstetter
3
Common Cents Investment Group March, 2013 E-Board Information Interviews are to occur either Sunday or Saturday I will send out a follow-up tomorrow requesting availability Short (5-15 min), informal interviews Want to get to know you better and let you expand on some ideas that you mention in your application Wear your best suit (Just kidding…don’t do that!)
4
Common Cents Investment Group March, 2013 Today in the Market
5
Common Cents Investment Group March, 2013 Phillips in the News Not as relevant, but cool! http://www.bloomberg.com/video/led-bulb- adoption-taking-off-philips-sebasky- Lr6X3mv4QPG4wlZRqHmePw.html
6
Common Cents Investment Group March, 2013 Apple’s Watch http://www.bloomberg.com/video/iwhat-will- apple-come-out-with-iwatch- 21iBsuF_Tv6UKFpO1MXegg.html
7
Common Cents Investment Group March, 2013 Wealth in India http://www.bloomberg.com/video/why-you- may-want-to-start-investing-in-india- RORR6NaQTsWC4STZkH~PCg.html http://www.bloomberg.com/video/why-you- may-want-to-start-investing-in-india- RORR6NaQTsWC4STZkH~PCg.html Brian pitched about Tata Motors Indian car manufacturing
8
Common Cents Investment Group March, 2013 The Great Divide Sequester: “Isolate or Hide away” A general cut of government spending that is designed to force an agreement in Washington Designed to be devastating to Republicans and Democrats $55 B cuts for defense $27 B cuts for non-defense domestic spending Took place March 1 st Spending authorizations take place March 27 th Needs worked out before then!
9
Common Cents Investment Group March, 2013 The Great Divide http://www.bloomberg.com/news/2013-03- 04/obama-congress-take-wait-and-blame- approach-on-budget.html
10
Common Cents Investment Group March, 2013 Berkshire Earnings reported $24 B increase in net worth Warren says “Ehhhh” BRKB performance is a lot greater when the market is flat
11
Common Cents Investment Group March, 2013 Berkshire Lagging performance is only the company’s 9 th in 48 years But 3 rd in 4 years If market continues to rise, his streak of beating the S&P will be over Failed to secure another large deal in 2012 Said he studied several, but didn’t “pull the trigger”
12
Common Cents Investment Group March, 2013 Berkshire Several, small “bolt-on” purchases by Berkshire Only around $2B in investments Berkshire is putting up $12B for partial buyout of Heinz Co. He wants more! With $47B in cash, small deals don’t do much…
13
Common Cents Investment Group March, 2013 Berkshire Other acquisitions 28 daily newspapers - $344 M Boosted stake in Coca Cola American Express IBM Wells Fargo
14
Common Cents Investment Group March, 2013 Berkshire He discussed two new investment managers at Berkshire, Todd Combs, Ted Weschler Outperformed S&P by double digits in 2012 BRKB reported net income of $14.8B for 2012 Up 45% from 2011 Improved results at insurance units $1.28B in derivative gains
15
Common Cents Investment Group March, 2013 Berkshire Buffet finishes with a message to other chief executives who decline to invest in the future due to economic uncertainty http://www.berkshirehathaway.com/letters/2 012ltr.pdf
16
Common Cents Investment Group March, 2013 Berkshire http://www.bloomberg.com/video/don-t- copy-warren-buffet-laffont- 1vSvxzhbR5yyQ7OoGnN63Q.html
17
Nick Ramstetter Options and Futures
18
Common Cents Investment Group March, 2013 Membership Cost is only $20 for the whole year! Benefits: Member of a very beneficial and informative club that will inevitably be valuable in your future A network of friends who share a similar interest in investing and personal finance A virtual portfolio challenge that will strengthen your confidence in investing
19
Common Cents Investment Group March, 2013 Membership Make sure to check out our website for the presentations Monday night | ccig.osu.edu Get on our Facebook page and like us! www.facebook.com/ccigosu
20
Common Cents Investment Group March, 2013 Questions? Questions, comments or concerns?
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.