Daily Journal Annual Meeting 2019 — Munger Q&A
“Berkshire Hathaway had the long-term investment in the Washington Post and Capital Cities”
69 mentions across the corpus · positive 20 · negative 1 · neutral 46 · historical 2
Daily Journal Annual Meeting 2019 — Munger Q&A
“Berkshire Hathaway had the long-term investment in the Washington Post and Capital Cities”
Morning Session - 2019 Meeting
“we had a transaction exchanging our Washington Post stock for both a television station and shares held, A shares held by the Washington Post”
Morning Session - 2017 Meeting
“The Washington Graham Holdings has done it. The Washington Post Company did a little bit.”
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)
“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
“the value of newspapers, etc. He saw real value in these newspapers and also not only the franchise value but the thrill of being involved in a newspaper like Washington Post”
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.”
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
“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 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
“after which he became involved with the washington post was important to his growth”
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“kaye was getting involved at that time in the in the management of the post”
“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”
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”
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.”
2013 Berkshire Hathaway Shareholder Letter
“In 1975, I wrote a memo to Katharine Graham, then chairman of The Washington Post Company, about the pitfalls”
Morning Session - 2009 Meeting
“The Post has a very good cable business. It has a very good education business, but it does not have answers on the newspaper business, as Don Graham wrote”
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”
2006 Berkshire Hathaway Shareholder Letter
“The Washington Post Company .............. 18.0 11 1,288”
“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”
2004 Berkshire Hathaway Shareholder Letter
“1,727,765 The Washington Post Company .............. 18.1 11 1,698”
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”
Morning Session - 2002 Meeting
“we have held the Washington Post stock since 1973”
Morning Session - 2000 Meeting
“whether it's – the Washington Post or Coca-Cola or Gillette. It's a factor we ignore.”
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.”
1996 Berkshire Hathaway Shareholder Letter
“1,727,765 The Washington Post Company........ 10.6 579.0”
Morning Session - 1995 Meeting
“We can look in the annual report and we can all see the purchase of a Washington Post, for instance, for $10 million that has a value today of $420 million”
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”
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.”
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
“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”
1986 Berkshire Hathaway Shareholder Letter
“1,727,765 The Washington Post Company .... 9,731 269,531”
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
“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
“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”
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”
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”
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”