Greggory Warren, CFA, is a Financial Services sector strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Incorporated, covering the traditional U.S.-based asset managers, as well as Berkshire Hathaway. Before assuming his current role in 2017, Warren covered the financial services sector as a senior analyst since late 2008. Previously, he covered non-alcoholic beverage manufacturers and distributors, packaged food firms, food service distributors, and tobacco companies. Warren holds a bachelor's degree in Accounting and English from Augustana College. He also holds the Chartered Financial Analyst® designation and is a member of the CFA Society of Chicago. Since 2014, Warren has been selected each year to participate on the analyst panel at Berkshire Hathaway’s annual meeting, asking questions directly of Warren Buffett and Charlie Munger. He ranked second in the Investment Services industry in The Wall Street Journal’s annual “Best on the Street” analysts survey in 2013, the last year the survey was conducted.
Thousands of Berkshire Hathaway Inc. shareholders are off to Omaha this weekend for what’s known as “Woodstock for Capitalists,” where Warren Buffett will be...
At the start of 2022, Berkshire BRK.A, 0.75% BRK.B, 0.86% had about $112 billion in “dry powder” that could be used for investments, acquisitions or stock buybacks. Buffett’s recent buying spree—including Occidental Petroleum OXY, +1.49%, HP HPQ, +4.91%, and Alleghany Y, +0.09% —has barely dented the conglomerate’s cash balance. We believe the company has finally hit a nexus where it is far more focused on reducing its cash hoard through stock and bond investments and share repurchases.