Washington Post Company

Charlie Munger's final CNBC interview | November 14, 2023

“You talked about some of the joy you found with some of the investments Berkshires made along the way. I think Washington Post was a great one.”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“Washington Post sold the Everettarol. So they all saw the handwriting on the wall”

2019 Berkshire Hathaway Shareholder Letter

“Berkshire, Blue Chip Stamps, Cap Cities-ABC, Coca-Cola, Data Documents, Dempster, General Growth, Gillette... Washington Post, Wesco Financial”

Daily Journal Annual Meeting 2019 — Munger Q&A

“Berkshire Hathaway had the long-term investment in the Washington Post and Capital Cities”

How much should Buffett's successor get paid?

“The Washington Graham Holdings has done it. The Washington Post Company did a little bit.”

Morning Session - 2017 Meeting

“The Washington Graham Holdings has done it. The Washington Post Company did a little bit.”

Buffett buys airlines and Apple | February 27, 2017

“You've been invested in newspapers like the Washington Post and many other newspapers.”

Warren Buffett's Investment Strategy: How to Live and Invest like a Legend (Full Interview)

“i was able to buy washington post stock very cheap uh because uh nixon encouraged bb rebozo i believe to challenge two licenses for tv stations that the washington post had”

Warren Buffett's Investment Strategy: How to Live and Invest like a Legend (Full Interview)

“katherine graham uh ended up being the heir to the washington post eugene meyer bought it in the early 30s and it lost money year after year”

Warren Buffett's Investment Strategy: How to Live and Invest like a Legend (Full Interview)

“she was going to take on the uh the job of running the washington post company and uh she backed ben bradley the editor of the post uh in the watergate uh scandal”

Warren Buffett's Investment Strategy: How to Live and Invest like a Legend (Full Interview)

“catherine and graham kay uh said to ben bradley uh uh you know run the president”

Sandy Gottesman Interview: A Friendship in Finance with Warren Buffett

“Washington Post went down substantially from its initial offering price. So, Warren started to buy some stock.”

Sandy Gottesman Interview: A Friendship in Finance with Warren Buffett

“this young guy that was buying a big piece of Washington Post and they were very very suspicious about it”

Carol Loomis Interview: Warren Buffett's Principles and Ethics

“the political uh strife that the washington post entered into hurt its value and made most people run from the stock”

Carol Loomis Interview: Warren Buffett's Principles and Ethics

“he got interested in the post because he recognized it as a great greatly undervalued company”

Carol Loomis Interview: Warren Buffett's Principles and Ethics

“he had a great opportunity to influence the way that the post is going...he was hands off entirely in in what the post was running”

Carol Loomis Interview: Warren Buffett's Principles and Ethics

“kaye was getting involved at that time in the in the management of the post”

Carol Loomis Interview: Warren Buffett's Principles and Ethics

“after which he became involved with the washington post was important to his growth”

Cheaper stocks are "good news" for Buffett

“the Washington Post stock, it's not in that list because we dispose of most of it, but we have about 100 for one profit...it all worked out very well”

IBM "could be" a mistake

“the Washington Post stock, it's not in that list because we dispose of most of it, but we have about 100 for one profit”

Copying Buffett is "a big mistake"

“the Washington Post stock, it's not in that list because we dispose of most of it, but we have about 100 for one profit...it all worked out very well”

2015 Berkshire Hathaway Shareholder Letter

“It's been more than 70 years since I delivered a Washington Post newspaper headlining the fact that the United States had dropped the first atomic bomb.”

Buffett on Heinz deal: "We've got a great business" | March 4, 2013

“Washington Post, you're a long-time investor. But I didn't think you like newspapers that much.”

2013 Berkshire Hathaway Shareholder Letter

“In 1975, I wrote a memo to Katharine Graham, then chairman of The Washington Post Company, about the pitfalls”

Afternoon Session - 2011 Meeting

“my enthusiasm for the post itself and the management is 100% what it's always been”

Afternoon Session - 2010 Meeting

“your stake in the Washington Post Company and others, has your view changed in the past year”

People won't feel good until jobs come back

“the Washington Post stock, it's not in that list because we dispose of most of it, but we have about 100 for one profit”

A "bad number" for housing starts is good

“the Washington Post stock, it's not in that list because we dispose of most of it, but we have about 100 for one profit”

Berkshire split "made sense" for BNSF deal

“the Washington Post stock, it's not in that list because we dispose of most of it, but we have about 100 for one profit”

Bernanke "did a magnificent job"

“the Washington Post stock, it's not in that list because we dispose of most of it, but we have about 100 for one profit...it all worked out very well”

Expectations were "too high" for the economic recovery

“the Washington Post stock, it's not in that list because we dispose of most of it, but we have about 100 for one profit, and it all worked out very well.”

Morning Session - 2009 Meeting

“our investee, the Washington Post Company, has had a substantial decline in its stock value, is it still a good use of capital?”

Morning Session - 2009 Meeting

“to add to the Buffalo News and Washington Post properties. At what price does it become compelling”

Morning Session - 2009 Meeting

“That was not the case when Charlie and I looked at Teledyne or the Washington Post or Cap Cities broadcasting doing it”

Sacrificing to Restore Market Confidence (2009)

“Berkshire Hathaway Inc., which owns 21 percent of The Washington Post Co.'s common stock.”

Morning Session - 2008 Meeting

“I believe a couple of those cases were American Express and the Washington Post in the 70s”

2008 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company .................. 18.4 11 674”

Wesco 2007 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“Andy met Warren through the Washington Post connection”

2007 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company .............. 18.2 11 1,367”

Wesco 2006 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“The Washington Post has a subsidiary where they created a phantom stock option plan in which somebody valued the subsidiary as a public company”

2006 Berkshire Hathaway Shareholder Letter

“The Washington Post Company .............. 18.0 11 1,288”

Wesco 2006 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“the Washington Post has the best record [of virtually any pension fund, yet it assumes a 6.5% annual return].”

Poor Charlie's Almanack

“they have purchased meaningful stakes in public companies such as The Washington Post, Coca-Cola, Gillette, and American Express”

2005 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company .............. 18.0 11 1,322”

Poor Charlie's Almanack

“In one of those-the washington Post-we bought it at about twenty percent of the value to a private owner.”

Poor Charlie's Almanack

“Washington Post stock was selling at a fifth of what an orangutan could figure was the plain value per share”

Poor Charlie's Almanack

“Washington Post stock was selling at a fifth of what an orangutan could figure was the plain value per share”

Remembering Susan Buffett

“He invested in the Washington Post. But she leaned on him.”

2004 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company .............. 18.1 11 1,698”

Afternoon Session - 2003 Meeting

“if you think that a company like the Washington Post, GECO, or Gillette, has a very competitive product”

Stock Options and Common Sense

“a director of The Washington Post Co., which has an investment in Berkshire Hathaway”

How Buffett decides it's a time to sell a stock

“we have held the Washington Post stock since 1973. I've never sold a share”

Will the internet hurt Berkshire's businesses?

“You mentioned the Washington Post. Even closer to home, we own a newspaper called the Buffalo News”

Morning Session - 2000 Meeting

“whether developments in that tech area threaten the businesses that we're in now...you mentioned the Washington Post.”

Morning Session - 2000 Meeting

“whether it's – the Washington Post or Coca-Cola or Gillette. It's a factor we ignore.”

Morning Session - 2000 Meeting

“will Berkshire's newspaper interests be able to make the successful transformation to the new electronic world, especially the unique content of the Washington Post.”

Afternoon Session - 1999 Meeting

“the company has a large investment in the Washington Post Company, which has many cable television systems serving non-major metropolitan areas”

Afternoon Session - 1999 Meeting

“It is not good news for the Washington Post Company when cable prices go up. Because the Washington Post Company is going to be investing funds.”

Afternoon Session - 1999 Meeting

“Washington Post company selling for $80 million when I thought it was clearly worth $400 million”

Morning Session - 1999 Meeting

“I couldn't have bought the entire Washington Post Company for $80 million in 1974, but I could buy 10 percent of it”

Morning Session - 1998 Meeting

“our interest in the Washington Post company has gone from 9 in a fraction percent to 17 in a fraction percent over the years”

Afternoon Session - 1998 Meeting

“When we bought the Washington Post, I've used that as, you know, it went down 50 percent in a matter of a few months. Best thing that could have happened.”

Afternoon Session - 1997 Meeting

“Back in 1973 or four, when we were buying Washington Post, a fraction of what it was worth”

Morning Session - 1997 Meeting

“the Washington Post stock, when we first bought it, had gone in 1973, had gone down almost 50 percent from a valuation of the whole company of close to, say, 180 or 175 million down to maybe 80 millio”

1996 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company........ 10.6 579.0”

Morning Session - 1994 Meeting

“just as we did in the Post and Geico”

USC Lecture: A Lesson on Elementary, Worldly Wisdom (1994)

“The Washington Post was a rare opportunity indeed... we bought it at about 20% of the value... That one was a real dream... an absolute, damn dream.”

1994 Berkshire Hathaway Shareholder Letter

“The Washington Post Company ... 15.2% 14.8% 18 15”

1994 Berkshire Hathaway Shareholder Letter

“The Washington Post Company ........ 9,731 418,983”

1994 Berkshire Hathaway Shareholder Letter

“that of the Washington Post, about half of my initial investment funds came from delivering the paper in the 1940's. Three decades later Berkshire purchased a large position”

1993 Berkshire Hathaway Shareholder Letter

“The Washington Post Company .. 14.8% 14.6% 15 11”

1993 Berkshire Hathaway Shareholder Letter

“The Washington Post Company. ......... 9,731 440,148”

1993 Berkshire Hathaway Shareholder Letter

“as had Washington Post when we bought it in 1973 - becomes "riskier" at the lower price than it was at the higher price.”

1993 Berkshire Hathaway Shareholder Letter

“In 1973, we purchased our stock in her company for about $10 million. Our holding now garners $7 million a year in dividends and is worth over $400 million.”

1992 Berkshire Hathaway Shareholder Letter

“The Washington Post Company ... 14.6% 14.6% 11 10”

1992 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company .......... 9,731 396,954”

1991 Berkshire Hathaway Shareholder Letter

“The Washington Post Company .... 14.6% 14.6% 10 18”

1991 Berkshire Hathaway Shareholder Letter

“our shareholdings in The Washington Post Company and Capital Cities/ABC - and the intrinsic value of this investment has declined materially”

1991 Berkshire Hathaway Shareholder Letter

“The strong balance sheets and strong managements of Cap Cities and Washington Post leave us more comfortable with these investments”

1991 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company ......... 9,731 336,050”

Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991

“You once wrote, I believe in the Washington Post, that if you really wanted to make money, hold your nose and head towards Wall Street”

1989 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company ............. 9,731 486,366”

1988 Berkshire Hathaway Shareholder Letter

“industry conditions for Capital Cities/ABC, Inc., GEICO Corporation, and The Washington Post Company - Berkshire's three permanent investments”

1988 Berkshire Hathaway Shareholder Letter

“The Washington Post Company - permanent holdings remain unchanged. Also unchanged is our unqualified admiration of their managements”

1987 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company ........ 9,731 323,092”

1987 Berkshire Hathaway Shareholder Letter

“At our three marketable-but permanent holdings, this point is moot: With Tom Murphy and Dan Burke at Cap Cities, Bill Snyder and Lou Simpson at GEICO, and Kay Graham and Dick Simmons at The Washington”

1987 Berkshire Hathaway Shareholder Letter

“we purchased our Washington Post stock in 1973 at $5.63 per share, and per-share operating earnings in 1987 after taxes were $10.30”

1986 Berkshire Hathaway Shareholder Letter

“Special Washington Post Distribution ... --- 14,877 ... --- 13,851”

1986 Berkshire Hathaway Shareholder Letter

“1,727,765 The Washington Post Company .... 9,731 269,531”

1986 Berkshire Hathaway Shareholder Letter

“we expect to keep permanently our three primary holdings, Capital Cities/ABC, Inc., GEICO Corporation, and The Washington Post”

1986 Berkshire Hathaway Shareholder Letter

“it also has a significant positive effect on two of our three major investees, Capital Cities/ABC and The Washington Post Company”

1986 Berkshire Hathaway Shareholder Letter

“our three major investment holdings - Cap Cities, GEICO, and Washington Post - at yearend had a market value of over $1.7 billion”

1985 Berkshire Hathaway Shareholder Letter

“Special Washington Post Distribution ................. 14,877 --- 13,851 ---”

1985 Berkshire Hathaway Shareholder Letter

“We have again reported substantial income from special distributions, this year from Washington Post and General Foods.”

1985 Berkshire Hathaway Shareholder Letter

“The Washington Post Company (WPC) provides an excellent example. We bought all of our WPC holdings in mid-1973 at a price of not more than one-fourth of the then per-share business value”

1985 Berkshire Hathaway Shareholder Letter

“Kay Graham, CEO of WPC, had the brains and courage to repurchase large quantities of stock for the company at those bargain prices”

1985 Berkshire Hathaway Shareholder Letter

“by yearend 1974 our WPC holding showed a loss of about 25%, with market value at $8 million against our cost of $10.6 million”

1985 Berkshire Hathaway Shareholder Letter

“We hold all of the WPC shares we bought in 1973, except for those sold back to the company in 1985's proportionate redemption. Proceeds from the redemption plus yearend market value of our holdings to”

1984 Berkshire Hathaway Shareholder Letter

“by the large share repurchases of GEICO, Washington Post, and General Foods, our three largest holdings.”

1984 Berkshire Hathaway Shareholder Letter

“1,868,600 The Washington Post Company ......... 10,628 149,955”

1984 Berkshire Hathaway Shareholder Letter

“Phil Graham, when publisher of the Washington Post, described the daily newspaper as”

1983 Berkshire Hathaway Shareholder Letter

“1,868,600 The Washington Post Company ...... 10,628 136,875”

1982 Berkshire Hathaway Shareholder Letter

“our holdings of three of these companies - GEICO, General Foods and The Washington Post”

1982 Berkshire Hathaway Shareholder Letter

“Our two largest unrealized gains are in Washington Post and GEICO, companies with which your Chairman formed his first commercial connections”

1981 Berkshire Hathaway Shareholder Letter

“In just four ownership positions in this category - GEICO Corporation, General Foods Corporation, R. J. Reynolds Industries, Inc. and The Washington Post Company”

1981 Berkshire Hathaway Shareholder Letter

“1,868,600 (a) The Washington Post Company .......... 10,628 58,160”

1980 Berkshire Hathaway Shareholder Letter

“1,868,600 (a) The Washington Post Company ........... 10,628 42,277”

1979 Berkshire Hathaway Shareholder Letter

“1,868,000 The Washington Post Company ............. 10,628 39,241”

1978 Berkshire Hathaway Shareholder Letter

“934,300 The Washington Post Company ............. 10,628 43,445”

1977 Berkshire Hathaway Shareholder Letter

“934,300 The Washington Post Company Class B ..... 10,628 33,401”