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$BRK.B
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The Motley Fool on $BRK.B

Channel profile →Sources cited by the channel: AXON management, Alphabet management on return on invested capital, the company2 entries

The Motley Fool has discussed $BRK.B in 2 videos since 2026-10-30. The latest, on 2026-11-09, was bullish.

2026-11-09Bullish
“A New Catalyst for Coinbase?”
AI summary · Berkshire's earnings fell mainly on insurance: Geico's underwriting margin shrank to single digits (combined ratio 84% to 91%) as it deliberately spent to win back share from Progressive — spending the speaker endorses. Q3 buybacks of $9.6 billion, over $14 billion year to date, show Greg Abel shifting capital allocation from Buffett's 1.2-times-book rule, which the speaker calls a pretty bullish signal, though at an all-time high the stock may no longer be below intrinsic value.

over the weekend, Birkshshire Hathaway posting its third quarter results. And I want to start off by talking about insurance. Obviously, Birkshshire is a huge company, so we can't talk about everything, but insurance a very big component of the business.

Berkshire's management admitted this uh several times uh saying that they lost the number two market share state farms number one they lost the number two market share a few years ago to progressive and it's they were they fell behind on technology their ad campaigns weren't as effective as they used to be you know the gecko got kind of tired after after a while I guess um but and their profitability hadn't been that great if you look at their combined ratio even a year ago when Geico is highly profitable.

Geico's combined ratio is about 84%. It went up to 91%. Meaning that their underwriting margin is now in the single digits.

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2026-10-30
“Is Wall Street Turning on AI?”
AI summary · Berkshire's deal-making makes it a little exciting again and its rising share price could attract investors, but the speaker says Berkshire becomes a bad manager after acquisitions and profit rates fall; a Berkshire-owned Costco would be destroyed. He wishes Greg Abel would deploy $100 billion of $370 billion in cash into the operating companies, though he likes that Berkshire leaves operators alone.

Berkshire is buying Costco. Who would say no? Yes, Charlie Munger's heirs and descendants will all create a public relations storm. One minute. Dad spent a lot of his life trying to convince Warren Buffett to buy Costco, to buy more of Costco, and famously Warren Buffett balked and missed out on one of his best investment opportunities in my opinion.

His, that is, Charlie Munger's, heirs will object to this. Other than that, I think it's not a bad deal, a good deal to expand the scope of the business. It has become very difficult for Berkshire to turn its business around these days.

We've heard about some really interesting purchases they've made under new management , but I question whether any of it will really bring in that kind of profit. On the other hand, Berkshire is getting a little exciting again.

For example, its share price has increased. This seems like an active company. So, maybe making deals is something that will attract investors. There is a sense that Warren was a little slack in his willingness to make deals.

So, I think this idea is pretty good. Jason, what do you think? Not at all. Tony James won't let this happen. The chairman of COSCO has been the chairman for almost 10 years , and has been with the board since the eighties.

If there's one thing about Cosco that's so magical, it's their management skills. They are really amazing, amazing directors, aren't they ? They know their business. They know their customers.

And the problem is, if you look at the state of Berkshire after they buy any business, they become bad managers. The profit rate decreases. Great cash flow, but yeah. And all that cash flow ultimately ends up on Berkshire's balance sheet.

Yes. And I wish Greg Abel would take $ 100 billion of that $370 billion in cash and send it back to the operating companies and say, "Guys, you can modernize, you can improve, you can fix things."

Let's get our profile back. I know. Dairy Queen now has an AI person you talk to when you go through the drive-thru. They only make mistakes 30 percent of the time, you know. This is this is an improvement.

Costco will be destroyed —I know it's heresy, but if Berkshire owns Costco,

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