BRK.B - Berkshire Hathaway Inc.

Cited by Nick Sleep as one of his four core holdings. Described as not providing earnings guidance, part of the 'quiet' approach to business.

Berkshire Hathaway invested $10 billion in Google via private placement at $350/share (both Class A and Class C). The creator notes they negotiated a discount and have been accumulating Google shares at various price points.

The speaker says Berkshire Hathaway is undervalued at the moment and is a good time to buy for conservative, responsible investors. He criticizes those selling it to chase speculative names.

The host discusses Berkshire Hathaway's massive $400B cash position and Buffett's net selling as a signal that valuations are too high. This is presented as informational rather than a direct recommendation.

Used as a case study to explain Buffett's investment constraints due to size, not as a direct buy/sell recommendation

No change. 13% of portfolio on the defensive side.

Referenced as holding $397 billion in cash, ready to deploy in a major market decline. Paul uses this as an example of preparedness, not as a direct stock recommendation.

Mentioned as a conservative investment choice appropriate for a 70-year-old investor who wants safety rather than trying to find the next Amazon

Cited multiple times as the gold standard of boring, long-term investing. Buffett compounded ~20% annually over decades. Also mentioned as a pick by the Nomad Partnership after the dot-com bubble.

Stock is down 5-12% since Buffett announced departure, trading at a discount while S&P 500 is at all-time high. $400B cash pile, new CEO Greg Abel is exceptional, buybacks resumed. Described as a wonderful defensive play and appealing risk-reward opportunity that can compound at 10% per year.