positiveLetter2025-07-01conf:high
2025 Berkshire Hathaway Shareholder Letter (Greg Abel)
“A large portion of our portfolio is concentrated in a small number of American companies such as Apple, American Express, Coca-Cola, and Moody's”
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Moody's Corporation
$MCO66 mentions across the corpus · positive 6 · negative 17 · neutral 43 · historical 0
neutralLetter2024-07-01conf:high
2024 Berkshire Hathaway Shareholder Letter
“household names such as Apple, American Express, Coca-Cola and Moody's.”
neutralLetter2022-07-01conf:high
2022 Berkshire Hathaway Shareholder Letter
“Coca-Cola, HP Inc., Moody's, Occidental Petroleum and Paramount Global. In addition to those eight”
neutralLetter2021-07-01conf:high
2021 Berkshire Hathaway Shareholder Letter
“24,669,778 Moody's Corporation ......................... 13.3 248 9,636”
neutralLetter2021-07-01conf:high
2021 Berkshire Hathaway Shareholder Letter
“partly-owned (such as Coca-Cola and Moody's). I want to underscore that for Berkshire repurchases”
negativePodcast2021-04-24conf:high
TIP346: Masterclass in Valuation w/ Chris Bloomstran
“Moody's bear case: valuation, cyclicality, regulation, AI risk”
positivePodcast2021-04-24conf:high
TIP346: Masterclass in Valuation w/ Chris Bloomstran
“Hari's bull case for Moody's: moat, duopoly, recurring analytics (NYSE: MCO)”
neutralLetter2020-07-01conf:high
2020 Berkshire Hathaway Shareholder Letter
“Moody's Corporation ........................ 13.2 248 7,160”
neutralLetter2019-07-01conf:high
2019 Berkshire Hathaway Shareholder Letter
“Moody's 13.1% 55 137”
neutralLetter2019-07-01conf:high
2019 Berkshire Hathaway Shareholder Letter
“24,669,778 Moody's Corporation ....................... 13.1 248 5,857”
neutralLetter2018-07-01conf:high
2018 Berkshire Hathaway Shareholder Letter
“24,669,778 Moody's Corporation ....................... 12.9 248 3,455”
neutralLetter2017-07-01conf:high
2017 Berkshire Hathaway Shareholder Letter
“24,669,778 Moody's Corporation ........................ 12.9 248 3,642”
neutralLetter2016-07-01conf:high
2016 Berkshire Hathaway Shareholder Letter
“24,669,778 Moody's Corporation .............................. 12.9 248 2,326”
neutralLetter2015-07-01conf:high
2015 Berkshire Hathaway Shareholder Letter
“24,669,778 Moody's Corporation ....................... 12.6 248 2,475”
neutralLetter2014-07-01conf:high
2014 Berkshire Hathaway Shareholder Letter
“24,669,778 Moody's Corporation ........................ 12.1 248 2,364”
neutralMeeting2014-05-03conf:high
Afternoon Session - 2014 Meeting
“even a Moody's, which had dropped from 75 to 15, as examples, compare with other things”
neutralMeeting2014-05-03conf:high
Afternoon Session - 2014 Meeting
“if we'd wanted to go much heavier into Moody's, we couldn't have bought that much anyway.”
neutralLetter2013-07-01conf:high
2013 Berkshire Hathaway Shareholder Letter
“24,669,778 Moody's Corporation .................. 11.5 248 1,936”
neutralInterview2013-05-06conf:high
Buffett sees "gradual improvement" in economy | May 6, 2013
“Moody's, you're not buying. You've been selling that... We sold some last week, yeah. You sold some last week on Monday through Wednesday.”
positiveInterview2013-05-06conf:high
Buffett sees "gradual improvement" in economy | May 6, 2013
“we're selling Moody's at six times what we paid for it.”
neutralLetter2012-07-01conf:high
2012 Berkshire Hathaway Shareholder Letter
“28,415,250 Moody's Corporation .................... 12.7 287 1,430”
neutralMeeting2011-04-30conf:high
Afternoon Session - 2011 Meeting
“Moody's are standard imports. look at each one separately and all of that.”
neutralMeeting2010-05-01conf:high
Afternoon Session - 2010 Meeting
“you started selling your stake in Moody's this year. As the investment case for Moody's changed, due to potential regulation”
neutralLetter2009-07-01conf:high
2009 Berkshire Hathaway Shareholder Letter
“our largest sales were in ConocoPhillips, Moody's, Procter & Gamble and Johnson & Johnson”
negativeMeeting2009-05-02conf:high
Moody's wasn't alone in making mistakes
“Given the role of rating agencies in the current economic crisis, why do you retain such a large holding in Moody's? I don't think the conflict of interest question was the biggest”
negativeMeeting2009-05-02conf:high
Morning Session - 2009 Meeting
“This one's not from this morning, but it relates to Moody's and we probably received about 300 questions at least on this topic.”
negativeMeeting2009-05-02conf:high
Morning Session - 2009 Meeting
“why do you retain such a large holding in Moody's? And more important, why didn't you use your stake to try to do something to prevent conflicts of interest”
negativeMeeting2009-05-02conf:high
Morning Session - 2009 Meeting
“We do not think that the people at Moody's or Standard & Poor's or Fitch or anyplace else should be telling us the credit rating”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“I'm the Chairman and the Chairman and CEO of Moody's Corporation, the parent of Credit Rating Agency Moody's Investor Service”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“At Moody's, our reputation is our single most important asset. For 100 years, Moody's employees have brought their insight and integrity”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“Mr. Raymond McDaniel, the chairman and CEO of Moody's Corporation”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“it has been deeply disappointing. Starting in 2003, Moody's did observe a trend of loosening mortgage underwriting standards”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“For Moody's part, there's been an intense level of self-evaluation over the past few years.”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“Moody's is certainly not satisfied with the performance of our credit ratings for the U.S. Residential Mortgage Back Securities”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“At Moody's, we are firmly committed to meeting the highest standards of integrity in our rating practices... Under your leadership, there were in the end, for whatever reasons very significant failure”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“should there have a management change at Moody's... our ratings have not performed well in the housing related sector”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“the ratings were wrong. There are reputational issues. There's been a massive loss of shareholder value, and the whole business models come apart”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“the ratings business was a wonderful business. You've said that, you know, as a matter of fact, because it's a duopoly, little capital required, enormous pricing power. Turned out to be good for a sho”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“a lot of concerns about the change in culture at Moody's, the pressure for profits, sacrificing ratings quality”
negativeEssay2008-07-01conf:high
Wesco 2008 Annual Meeting — Notes of Charlie Munger's Remarks (Peter Boodell)
“You have said that Moody's and HBS have the best pricing power... All the rating agencies with 20/20 hindsight have performed poorly.”
neutralLetter2008-07-01conf:high
2008 Berkshire Hathaway Shareholder Letter
“In addition, we have holdings in Moody's and Burlington Northern Santa Fe that we now carry at”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“mistakes that were made at Moody's and Standard & Poor's have affected both Moody's stock and McGraw-Hill stock in a big way”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“The Moody's analysts and Moody's rating committees have information from other parts of Moody's, as well as as information from other firms and governmental services available”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“they were not as extensive in their oversight of Moody's or the industry.”
positiveInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“you liked this business at Moody's because it had pricing power, it was a natural duopoly.”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“did you actually structure the fees payable to Moody's in that way that gave you more if you rated them senior than they would if they were subordinate?”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“But Mr. Buffett, do you think that that, I mean, do you fault the management of Moody's for at least that? I know you're reluctant to give them fault.”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“I know that you've been largely a hands-off investor for Moody's, but I was curious about the due diligence process”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“What do you put in place to keep that under control? Well, from my office, I think it's important to emphasize and reemphasize the fact that we are trying to create long-term shareholder value at Mood”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“were you satisfied with the risk measures, the internal controls at Moody's, and doing due diligence on all the products they provided ratings on? I had no idea. I've never been in Moody's.”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“Moody's Investor Service rating agency business in that group, there is 50% of that plan is based on the statistical performance of our ratings”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“as they were working at Moody's? As I said, I care about market share.”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“comprehensive reviews that have been done about practices at Moody's, to the extent we haven't already received them”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“the way Moody's operates as a general rule against what happened in the very unusual housing area”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“whether the problems at Moody's, and I think we don't agree there were some problems at Moody's, are systemic”
negativeInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“how successful Moody's or unsuccessful, Moody's has been in rating non-housing asset-backed securities”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“have you looked at whether the resources, the discipline, the capacity is there internally at Moody's? I don't think, I don't think, I don't think, don't think Moody's or I can come up with any.”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“is the model one that still presents risk, given what you've heard and learned today in looking at Moody's?”
neutralInterview2008-07-01conf:high
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“Talk about the model, issuer pays, all the associated issues we've raised with respect. to the Moody's business model?”
neutralLetter2007-07-01conf:high
2007 Berkshire Hathaway Shareholder Letter
“48,000,000 Moody's Corporation .............................. 19.1 499 1,714”
neutralLetter2006-07-01conf:high
2006 Berkshire Hathaway Shareholder Letter
“Moody's Corporation .............................. 17.2 499 3,315”
neutralLetter2005-07-01conf:high
2005 Berkshire Hathaway Shareholder Letter
“48,000,000 Moody's Corporation .............................. 16.2 499 2,948”
positiveMeeting2005-04-30conf:high
Afternoon Session - 2005 Meeting
“We're not unhappy with Wells Fargo or Moody's. Those are very, very good businesses that we own.”
neutralLetter2004-07-01conf:high
2004 Berkshire Hathaway Shareholder Letter
“24,000,000 Moody's Corporation .............................. 16.2 499 2,084”
neutralEssay2002-07-01conf:high
Wesco 2002 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“But he believes Moody's provides a useful service.”
positiveMeeting2000-04-29conf:high
Afternoon Session - 2000 Meeting
“the moat is, just in our view, is far wider, deeper, and infested with far more poisonous characters in the case of Moody's than in the case of the operating company”