March 4 th 2013. Common Cents Investment Group March, 2013 Agenda T-shirts! E-Board Applications ...

March 4th 2013

Common Cents Investment GroupMarch, 2013

Agenda

T-shirts! E-Board Applications Today in the Market Berkshire Hathaway Options and Futures by Nick Ramstetter


E-Board Information

Interviews are to occur either Sunday or Saturday I will send out a follow-up tomorrow

requesting availability Short (5-15 min), informal interviews Want to get to know you better and let you

expand on some ideas that you mention in your application

Wear your best suit (Just kidding…don’t do that!)


Today in the Market


Phillips in the News

Not as relevant, but cool! http://www.bloomberg.com/video/led-

bulb-adoption-taking-off-philips-sebasky-Lr6X3mv4QPG4wlZRqHmePw.html


Apple’s Watch

http://www.bloomberg.com/video/iwhat-will-apple-come-out-with-iwatch-21iBsuF_Tv6UKFpO1MXegg.html


Wealth in India

http://www.bloomberg.com/video/why-you-may-want-to-start-investing-in-india-RORR6NaQTsWC4STZkH~PCg.html

Brian pitched about Tata Motors Indian car manufacturing


The Great Divide

Sequester: “Isolate or Hide away” A general cut of government spending that is

designed to force an agreement in Washington Designed to be devastating to Republicans and

Democrats $55 B cuts for defense $27 B cuts for non-defense domestic spending

Took place March 1st

Spending authorizations take place March 27th

Needs worked out before then!


The Great Divide

http://www.bloomberg.com/news/2013-03-04/obama-congress-take-wait-and-blame-approach-on-budget.html


Berkshire

Earnings reported $24 B increase in net worth

Warren says “Ehhhh” BRKB performance is a lot greater when the

market is flat


Berkshire

Lagging performance is only the company’s 9th in 48 years But 3rd in 4 years If market continues to rise, his streak of

beating the S&P will be over Failed to secure another large deal in 2012

Said he studied several, but didn’t “pull the trigger”


Berkshire

Several, small “bolt-on” purchases by Berkshire Only around $2B in investments

Berkshire is putting up $12B for partial buyout of Heinz Co. He wants more! With $47B in cash, small deals don’t do

much…


Berkshire

Other acquisitions 28 daily newspapers - $344 M

Boosted stake in Coca Cola American Express IBM Wells Fargo


Berkshire

He discussed two new investment managers at Berkshire, Todd Combs, Ted Weschler Outperformed S&P by double digits in

2012 BRKB reported net income of $14.8B for

2012 Up 45% from 2011 Improved results at insurance units $1.28B in derivative gains


Berkshire

Buffet finishes with a message to other chief executives who decline to invest in the future due to economic uncertainty

http://www.berkshirehathaway.com/letters/2012ltr.pdf


Berkshire

http://www.bloomberg.com/video/don-t-copy-warren-buffet-laffont-1vSvxzhbR5yyQ7OoGnN63Q.html

Nick Ramstetter

Options and Futures


Membership

Cost is only $20 for the whole year! Benefits:

Member of a very beneficial and informative club that will inevitably be valuable in your future

A network of friends who share a similar interest in investing and personal finance

A virtual portfolio challenge that will strengthen your confidence in investing


Membership

Make sure to check out our website for the presentations Monday night | ccig.osu.edu

Get on our Facebook page and like us!www.facebook.com/ccigosu


Questions?

Questions, comments or concerns?

March 4 th 2013. Common Cents Investment Group March, 2013 Agenda T-shirts! E-Board Applications ...

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