March 4th
2013
Agenda





T-shirts!
E-Board Applications
Today in the Market
Berkshire Hathaway
Options and Futures by Nick Ramstetter
March, 2013
Common Cents Investment Group
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!)
March, 2013
Common Cents Investment Group
Today in the Market
March, 2013
Common Cents Investment Group
Phillips in the News


Not as relevant, but cool!
http://www.bloomberg.com/video/led-bulbadoption-taking-off-philips-sebaskyLr6X3mv4QPG4wlZRqHmePw.html
March, 2013
Common Cents Investment Group
Apple’s Watch

http://www.bloomberg.com/video/iwhat-willapple-come-out-with-iwatch21iBsuF_Tv6UKFpO1MXegg.html
March, 2013
Common Cents Investment Group
Wealth in India


http://www.bloomberg.com/video/why-youmay-want-to-start-investing-in-indiaRORR6NaQTsWC4STZkH~PCg.html
Brian pitched about Tata Motors
 Indian
March, 2013
car manufacturing
Common Cents Investment Group
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

March, 2013
Needs worked out before then!
Common Cents Investment Group
The Great Divide

http://www.bloomberg.com/news/2013-0304/obama-congress-take-wait-and-blameapproach-on-budget.html
March, 2013
Common Cents Investment Group
Berkshire

Earnings reported
 $24
B increase in net worth
 Warren
says “Ehhhh”
 BRKB performance is a lot greater when the market is
flat
March, 2013
Common Cents Investment Group
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
March, 2013
he studied several, but didn’t “pull the trigger”
Common Cents Investment Group
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…
March, 2013
Common Cents Investment Group
Berkshire

Other acquisitions
 28

daily newspapers - $344 M
Boosted stake in
 Coca
Cola
 American Express
 IBM
 Wells Fargo
March, 2013
Common Cents Investment Group
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
March, 2013
Common Cents Investment Group
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/2
012ltr.pdf
March, 2013
Common Cents Investment Group
Berkshire

http://www.bloomberg.com/video/don-tcopy-warren-buffet-laffont1vSvxzhbR5yyQ7OoGnN63Q.html
March, 2013
Common Cents Investment Group
Options and Futures
Nick Ramstetter
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
March, 2013
Common Cents Investment Group
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
March, 2013
Common Cents Investment Group
Questions?

Questions, comments or concerns?
March, 2013
Common Cents Investment Group