What will Warren Buffett do next (with Michael and Josh)

Mar 27, 2019 · Summarized Jan 13, 2025

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Key takeaways

Warren Buffett's next potential acquisition is a hot topic of speculation, with many wondering if he will make one last 'elephant-sized deal'.
Buffett's investment history reflects a significant pivot towards airlines, which he historically avoided.
The hosts debate the implications of Buffett holding large cash reserves and the notion of whether he should leave those for his successor.
Listener engagement is encouraged, with the hosts inviting feedback and thoughts on Buffett's investment strategy.

Summary

Buffett's Next Big Deal

The episode kicks off with Josh and Michael discussing an article by Bloomberg's Tara LaChapelle on the speculation surrounding Warren Buffett's next major acquisition, described as an 'elephant-sized deal.' They highlight the uncertainty of who this acquisition might be and whether it could potentially be his last one, considering his age.

Buffett's Investment History

The hosts delve into Buffett's historical investments, particularly noting his reluctance towards airlines in the past and how he currently holds significant shares in major airlines like Delta and Southwest. They reflect on his biggest investments, especially in Apple, pointing out the evolution in his strategy over the years.

Market Conditions and Investment Strategies

Discussion around current market conditions reveals concerns regarding high cash reserves Buffett may leave behind for his successor. There’s a debate about whether it's wise to use that cash in an acquisition rather than leaving it as is. The hosts also touch upon Buffett's remarks on public vs. private market valuations and why he might prefer transactions in the public space currently.

Listener Engagement and Feedback

The episode wraps up with a call for listener feedback. Josh and Michael encourage listeners to share their thoughts on what Buffett's next big deal might be, reinforcing community involvement with their dedicated audience.

Show notes

Bloomberg reporter Tara LaChapelle asks whether or not Warren Buffett will complete one last "elephant-sized" deal before calling it a career. He's 88 years old, so the clock is ticking.
Join Michael Batnick and Downtown Josh Brown as they discuss the possibilities and a recent history of Buffett's acquisitions. Please jump in with your comments too, we'd love to hear what you think!
You can read the full article here:
https://www.bloomberg.com/opinion/articles/2019-03-25/warren-buffett-s-next-berkshire-hathaway-deal-will-be-crucial
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