MarketFoolery: 08.05.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 5 August 2013
⏱️ 27 minutes
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Summary
Berkshire-Hathaway’s 2nd-quarter profits rose 46%, but it’s the next target for his famed “elephant gun” that interests us. Plus we analyze the smackdown between CBS and Time Warner Cable, the latest newspaper fire sale, and The Motley Fool’s shout-out from The Wall Street Journal.
Transcript
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| 0:00.0 | It's Monday, August 5th. |
| 0:04.0 | Welcome to Market Forery. |
| 0:05.0 | I'm Grisell joining me in studio today from Motley Full 1, |
| 0:08.0 | Jason Moser and for Motley Full Hidden Gems, Chief Investment Officer, Andy Cross. |
| 0:12.0 | Happy Monday, Jents. |
| 0:13.0 | Howdy. |
| 0:14.0 | Hi guys. |
| 0:15.0 | Kicking off August. |
| 0:16.0 | Earnings Spalooza. |
| 0:18.0 | Starting to wind. |
| 0:20.0 | Starting to wind down. |
| 0:21.0 | But we will talk a little bit of earnings in the form of Berkshire Hathaway. |
| 0:25.8 | We're also going to talk a lot of media. |
| 0:27.2 | There are some very interesting things happening in the world of newspaper companies in terms |
| 0:32.4 | of the cable companies and and a story from the Wall |
| 0:36.7 | Street Journal over the weekends that you have just got to read but we will start |
| 0:40.9 | with Berkshire Hathaway second quarter profit up 46% |
| 0:45.0 | Jason we were chatting a little bit before taping here kind of a nice quarter but not a |
| 0:51.2 | Mind-Blowing awesome quarter even though just a headline wow profit up |
| 0:55.5 | 46% but you know you look into the numbers it's really driven by the investments |
| 0:59.4 | that they're making you're happy if you're not a Berkshire, if you're a Berkshire Hathaway shareholder, but you're not doing cartwheels today. |
| 1:06.6 | Yeah, I mean I'm a Berkshire Hathaway shareholder and I'm very happy with the way the company continues to chug along. |
... |
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