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Industry Focus

Financials: What Warren Buffett is Buying and One Proposed Corporate Rule Change You Need to Know

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 20 August 2018

⏱️ 29 minutes

🧾️ Download transcript

Summary

The Oracle of Omaha is still a buyer of stocks, and President Trump is considering a major change to corporate reporting requirements.(NYSE: BRK-A) (NYSE: BRK-B)

Transcript

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0:00.0

This episode of Motley Fool is brought to you by Away.

0:03.4

Away makes first-class luggage at coach prices that allow you to charge your phone on the

0:08.7

go to away travel.com slash fool and use the promo code

0:16.2

full that's away travel dot com slash full promo code full

0:21.9

full welcome to Full Promo Code Full. Welcome to Industry Focus, the show that dives into a different sector of the stock market every day.

0:30.0

It's Monday, August the 20th, and on today's financial show,

0:34.4

we're tracking what Warren Buffett's Berkshire Hathaway is buying and selling.

0:39.0

Also, we'll dive into President Trump's ask of the SEC to study the possibility of moving away

0:45.4

from quarterly company earnings reports to twice a year reporting.

0:49.7

We'll dive into all that and what it could mean for investors in this week's episode of

0:53.8

industry-focused financials. But before we do, I'm your host Shannon Jones and

0:58.1

I'm joined in the studio via Skype with Financial's Guru and certified financial Planner, Matt, how's it going?

1:06.0

Great, I'm trying out my new headset for the first time, so it's an exciting day over here.

1:10.0

It is very exciting.

1:12.0

We are moving on up the chain here with this exciting technology

1:15.2

Matt. Glad to have you. So as promised when we covered Berkshire's earnings a couple of weeks

1:21.6

ago we said we would come back to our listeners to talk about Berkshire's earnings a couple of weeks ago.

1:22.5

We said we would come back to our listeners to talk about what exactly Berkshire and friends

1:27.6

were buying and selling in the second quarter of this year, obviously something that investors always look forward to this

1:34.7

quarter, no exception. And what we see, I guess, high levels despite the aging bull market

1:40.4

that's going on, Berkshire was definitely a net buyer and even went on kind of a bank buying Bonanza, if you will.

1:48.0

Matt, what can you tell us about what Berkshire is buying?

...

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