Earnings Intelligence Podcast

Earnings Intelligence
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AI Transparency Notice: This podcast is an AI-generated production. The scripts, research, and voices used in this episode were created using artificial intelligence technologies. While we strive for accuracy, please be aware that AI-generated content can occasionally contain errors or biases. Earnings Intelligence maintains oversight and final editorial control over all published material. Disclaimer: This podcast is for informational and educational purposes only. It is not financial advice, and we are not responsible for any decisions or losses resulting from its use.

  1. 1H AGO

    15. The $49 Billion War Chest Why Buffett Refuses to Buy (full year report 2005)

    Berkshire Hathaway’s 2005 results are in, revealing a massive cash build-up as the Oracle hunts for "elephants."While net worth climbed $9.1 billion, the headline story is a disciplined rejection of a frothy, overpriced market. Revenue: Operating revenue hit $81.7 billion, a steady 10% climb fueled by diverse non-insurance "sluggers." Net Income: Bottom-line earnings reached $8.53 billion, bolstered by a record $49 billion in low-cost insurance float. Portfolio Shift: Buffett stayed defensive in equities, instead deploying $5.1 billion to acquire utility giant PacifiCorp. Buffett’s vibe is one of extreme patience, warning that "the most important thing to do when you find yourself in a hole is to stop digging."He remains hyper-focused on long-term "tailwinds," choosing to stockpile cash rather than overpay for mediocre assets.Subscribe to master the markets with Earnings Intelligence.#BerkshireHathaway #Investing #WarrenBuffett #EarningsReport #ValueInvesting

    29 min

  2. 3D AGO

    14. Buffett’s $21 Billion Bet Against The Dollar (full year report 2004)

    It is fascinating to see Buffett describe $43 billion in cash as a "not happy" position simply because he couldn't find a high-quality business to buy. He even compared himself to a farmer trying to motivate his hens by showing them an ostrich egg—a "small sample of what the competition is doing". Between his massive currency hedge and his frustration with "nose-bleed valuations," do you think his caution was a masterclass in discipline or a missed opportunity during a recovery year?

    33 min

  3. 5D AGO

    13. The 2003 Annual Report for Berkshire Hathaway

    Berkshire Hathaway tackles a "painful" cash surplus as Warren Buffett executes a historic strategic pivot away from the U.S. dollar. • Revenue: Significant growth following the major McLane acquisition. • Net Income: Earnings nearly doubled after a recovery in insurance. • Portfolio: A first-ever, high-stakes entry into foreign currency contracts. Buffett strikes a defiant tone, attacking corporate "fiddle playing" and the "epidemic of greed" seen in executive compensation. Subscribe for your weekly edge in earnings season. #BerkshireHathaway #Investing #EarningsReport #WarrenBuffett

    29 min

  4. 5D AGO

    12. The 2002 Annual Report for Berkshire Hathaway

    Berkshire defies the market as the "Derivatives Time Bomb" ticks. Net worth surges $6.1B as Buffett avoids overpriced stocks to hunt for value in junk bonds. Revenue/Growth: Per-share book value up 10%, crushed S&P 500’s 3-year decline. Bottom Line: Insurance float hits $41.2B at a record-low 1% cost of capital. Portfolio Shift: Equity freeze continues; $8.3B poured into high-yield "junk" debt. Buffett sounds a historic alarm, labeling derivatives as "financial weapons of mass destruction."His vibe is one of disciplined caution, prioritizing "slugger" acquisitions over a frothy stock market.Subscribe for your weekly edge in earnings season.#BerkshireHathaway #Investing #WarrenBuffett #ValueInvesting #Finance

    30 min

  5. FEB 8

    11. Berkshire 2001: Resilience Through Crisis (annual report)

    The 2001 Berkshire Hathaway Annual Report details a year of resilience despite a 6.2% decline in book value, which still outperformed the S&P 500. The period was heavily impacted by the September 11th attacks, resulting in a $2.4 billion loss for the insurance segment and highlighting pricing failures at General Re. Conversely, GEICO remained profitable, and total float grew to $35.5 billion. Amidst this volatility, Berkshire aggressively expanded by acquiring Shaw Industries, Johns Manville, and XTRA, strengthening its non-insurance earnings. While Buffett maintained a cautious outlook on the broader stock market, he pivoted toward distressed debt and reaffirmed his commitment to long-term intrinsic value. Ultimately, the report frames 2001 as a year where structural growth through acquisitions balanced out unprecedented insurance challenges.

    23 min

  6. FEB 1

    10. Berkshire Hathaway 2000 Annual Report

    As the year 2000 dawned, the "dot-com" bubble finally began to burst, leaving high-flying tech investors in a panic. For Warren Buffett, it was the year of a massive comeback. After being mocked for his "boring" strategy in 1999, his disciplined approach finally paid off as Berkshire Hathaway’s book value grew by 6.5%, while the S&P 500 crashed by 9.1%. While the market was losing billions in digital dreams, Buffett went on an $8 billion shopping spree for "real-world" businesses. He bought companies that made boots, bricks, carpet, and paint—specifically Justin Industries, Shaw Industries, and Benjamin Moore. He paid almost entirely in cash, proving that while others were drowning in debt, Berkshire was a fortress of liquidity. Despite the success, Buffett remained humble. He admitted to a rare mistake at GEICO, where aggressive advertising became too expensive, leading to an underwriting loss. However, his "insurance engine" continued to roar, growing the float to $27.9 billion—a massive pool of interest-free capital that allowed him to keep buying when others were forced to sell. By the end of the year, the narrative had flipped. The "mossy old man" from Omaha was once again the smartest person in the room. He closed the year with a warning that the market was still not cheap, choosing to stick to his "bricks and clicks" philosophy—relying on stable, old-economy cash flows to navigate the new century’s uncertainty.

    30 min

  7. JAN 27

    9. Berkshire Hathaway 1999 Full-Year Report

    The Year of the "D-Grade" Performance. In this episode, we analyze the 1999 report where Warren Buffett famously trailed the market by over 20%. While the Dot-com bubble was peaking, Buffett’s "boring" strategy was being mocked—but he was secretly building a massive $25 billion cash engine. Key Highlights: The Slump: Why Net Income dropped 45% while the S&P 500 soared. The Float: How Berkshire grew its "interest-free loan" to $25.3 billion. The Lesson: Why Buffett chose furniture and bricks over high-flying tech. The Warning: A masterclass on Intrinsic Value vs. Market Hype. The Bottom Line: 1999 proves that the smartest move in a bubble is often the most boring one. Discover how Buffett’s worst year set the stage for his greatest comeback.

    31 min

  8. JAN 24

    8. Berkshire Hathaway 1998 Full-Year Report

    The Berkshire Hathaway 1998 Full-Year Report chronicles a year of massive expansion, with book value jumping 48.3% following the landmark acquisitions of General Re and Executive Jet. Buffett emphasized intrinsic value over book value, warning that issuing stock for mergers can distort reported figures. While the insurance engine, powered by GEICO, continued to generate vital investment "float," and brands like See’s and Dairy Queen remained strong, the company's massive size caused its stock portfolio to trail the S&P 500. Now holding the largest capital base in U.S. corporate history at $57.4 billion, Berkshire’s strategy remains focused on disciplined, "fat pitch" acquisitions for the long term.

    31 min
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AI Transparency Notice: This podcast is an AI-generated production. The scripts, research, and voices used in this episode were created using artificial intelligence technologies. While we strive for accuracy, please be aware that AI-generated content can occasionally contain errors or biases. Earnings Intelligence maintains oversight and final editorial control over all published material. Disclaimer: This podcast is for informational and educational purposes only. It is not financial advice, and we are not responsible for any decisions or losses resulting from its use.

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