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Mouser Electronics

Mouser Awarded the Electronics Division Distributor Partnership Award from Eaton

(BRK.A), (BRK.B)

Berkshire Hathaway’s Mouser Electronics, Inc., a leading global distributor of the latest electronic components and industrial automation products, has received the 2023 Electronics Division Distributor Partnership Award for the Americas from Eaton, a prominent global manufacturer of power management solutions. This award recognizes Mouser’s exceptional partnership with Eaton.

“Eaton is proud to present Mouser with our 2023 Partnership Award,” said John Janis, VP and General Manager of the Electronics Division at Eaton. “Mouser has earned this award through their unyielding commitment to collaboration and promoting innovative solutions to our joint customers. With the rapid expansion of Eaton’s product portfolio, we look forward to another successful year with Mouser.”

“We are incredibly honored to receive this prestigious award and thank Eaton for recognizing the outstanding efforts of our team,” said Tom Busher, Mouser Vice President of Supplier Management. “Eaton is an industry leader and a valued business partner. We look forward to our continued mutual success.”

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Lessons From Warren Buffett

Lessons from Warren Buffett: Don’t Bet on Turnaround Stories

When seeking promising investment opportunities, it’s wise not to rely on once-great companies that have since faltered, advises Warren Buffett. The legendary investor emphasizes that it is extremely rare for a company to regain its competitive edge once it has been lost.

Buffett illustrated this point at the 2003 Berkshire Hathaway Annual Meeting, stating, “In terms of competitive advantage and then regain — lost and then regained — there aren’t many examples of that.” He shared an anecdote about a friend who repeatedly invests in struggling companies with hopes of turning them around. Buffett’s response to such optimism is a simple but pointed question: “Where in the last hundred years have you seen it happen?”

In essence, Buffett’s advice underscores the importance of focusing on companies that currently possess strong competitive advantages, rather than hoping for a turnaround in those that have lost their way.

Hear Buffett’s full explanation

See the complete Lessons From Warren Buffett series

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance Expands into Nordic Market

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Berkshire Hathaway Specialty Insurance (BHSI) has expanded its reach into the Nordic countries with the opening of a new office in Stockholm. The company has appointed Anna Green as Head of Nordics, Karin Bryner as Head of Executive & Professional Lines, and Anton Holmgren as Head of General Property for the region.

Andreas Krause, Head of DACH at BHSI, highlighted the significance of this expansion as a continuation of BHSI’s global growth. “We will continue to expand our local team and capabilities, and look forward to bringing the certainty of BHSI’s financial strength, underwriting acumen, and ‘CLAIMS IS OUR PRODUCT’ philosophy to customers and distribution partners throughout Sweden, Denmark, Norway, and Finland,” he said.

Effective immediately, BHSI’s Nordic office is underwriting Executive & Professional Lines, General Property, Energy, and Construction.

Anna Green, with over 20 years of industry experience spanning the Nordics, Europe, the UK, and the Asia Pacific region, expressed enthusiasm about the launch. “We look forward to building a strong team in the Nordics and bringing BHSI’s commitment to excellent technical underwriting and highly responsive service to the market. We have already had great response from brokers and customers,” she said.

Green was most recently the CEO of the Sweden Branch of another global insurer and has deep expertise in Specialty and Environmental underwriting. She is based in Stockholm.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

BYD Announces Plans for Vehicle Plant in Turkey

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Berkshire Hathaway-backed BYD, China’s largest electric vehicle manufacturer, is set to build a vehicle manufacturing plant in Turkey. This strategic move aims to avoid the increasing EU tariffs on vehicles imported directly from China.

The new facility, expected to be operational by the end of 2026, will have an annual production capacity of up to 150,000 vehicles and will create approximately 5,000 jobs. This follows BYD’s recent inauguration of a plant in Rayong, Thailand, which was completed in just 16 months.

BYD’s global expansion is rapidly progressing. The company recently celebrated the production of its 8 millionth new energy vehicle. In 2023, BYD achieved a 337% year-on-year increase in exports, reaching a total of 243,000 vehicles. In the first half of this year alone, BYD sold 1.607 million new energy vehicles worldwide, marking a 28% year-on-year growth, with over 203,000 of these vehicles being exported, a 173.8% year-on-year increase.

BYD’s new energy vehicles are now available in 88 countries and regions. The company has established passenger car production bases in Thailand, Brazil, Hungary, and Uzbekistan, with plans for another in Mexico.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

BYD Celebrates 8 Million NEV Milestone and Thailand Expansion

On July 4, Chinese automaker BYD, backed by Berkshire Hathaway, achieved two significant milestones. The company inaugurated its Thailand plant in Rayong and produced its 8 millionth new energy vehicle.

BYD completed its Thailand plant in an impressive 16 months. With an annual capacity of 150,000 vehicles, the facility covers stamping, painting, welding, final assembly, and car component production. This ambitious project is expected to create 10,000 jobs. Notably, BYD unveiled the Dolphin model as its 8 millionth new energy vehicle during the inauguration.

BYD’s success in Thailand is remarkable. For eighteen months within the past two years, it has held the title of pure electric vehicle sales champion. Currently, one out of every three electric vehicles sold in Thailand bears the BYD brand. Looking ahead, BYD plans to introduce more pure electric and plug-in hybrid models in the Thai market.

Global Leadership in New Energy Vehicles

BYD’s global expansion is evident. In 2023, the company achieved a staggering 337% year-on-year increase in exports, totaling 243,000 vehicles. During the first half of this year, BYD sold 1.607 million new energy vehicles worldwide—a 28% year-on-year growth. Impressively, over 203,000 of these vehicles were exported, reflecting a remarkable 173.8% year-on-year increase.

BYD’s new energy vehicles are now available in 88 countries and regions. The company has established passenger car production bases not only in Thailand but also in Brazil, Hungary, and Uzbekistan.

As an industry leader in new energy vehicles, BYD continues to drive innovation and sustainable transportation on a global scale.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Lessons From Warren Buffett

Lessons From Warren Buffett: Don’t Be a Mortician Waiting for the Market to Get Sick

When you’ve identified a great company that promises significant growth and returns over the next 20-30 years, the temptation to wait for a price decline before adding it to your portfolio can be strong. However, is this the best strategy?

Warren Buffett addressed this very question at the 1996 Berkshire Hathaway Annual Meeting. “I think it’s better just to own them,” he advised. He likened the strategy of waiting for a market panic to buy a great company to a mortician waiting for a flu epidemic, implying that such an approach may not be very effective.

Buffett’s insight suggests that when you find a high-quality company, it’s generally better to invest in it rather than waiting for a potential price drop. However, this doesn’t mean you should buy at any price. Buffett himself cautions against purchasing stocks at “egregious prices.” Therefore, while it’s important not to delay your investment unnecessarily, it’s equally crucial to ensure that the price you’re paying is reasonable relative to the company’s value.

Hear Buffett’s full explanation

See the complete Lessons From Warren Buffett series

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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CORT

Berkshire’s CORT Events Expands in Texas with New Round Rock Warehouse

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Berkshire Hathaway’s CORT, the nation’s leading provider of home, office, event, and trade show furniture rental, has announced the expansion of its trade show and event division, CORT Events. On July 1, a new warehouse opened in Round Rock, TX, to serve Austin, San Antonio, and the surrounding regions.

Damon Ross, CORT Events Senior Vice President, expressed enthusiasm about the expansion, stating, “We are thrilled to expand our event and trade show offerings and bring our exemplary service to this exciting market. Austin has a reputation for hosting innovative, exciting events, and we look forward to partnering with our clients in this rapidly growing event and convention city.”

The new warehouse is expected to positively impact the local economy by creating jobs in Round Rock and fostering partnerships with local businesses. This move underscores CORT Events’ commitment to the communities it serves.
As the nation’s largest event and trade show furniture rental company, CORT Events boasts 16 warehouses across the country. They offer a wide selection of furnishings, lighting, and event drapes, along with free interactive design tools to assist meeting, exhibit, and trade show planners in creating engaging, functional spaces.

Daniel Tiepelman, CORT Events Vice President of Operations and Asset Management, emphasized the strategic importance of the new location, stating, “Opening a new location in the heart of Austin, Texas, is not just a strategic move to grow our footprint. It is about a commitment to bring our customers closer to an unparalleled trade show and event solution with increased service levels in Austin and surrounding areas. We are excited to better serve our partners with this new location.”

Austin, known for hosting large annual events such as SXSW and Formula 1, is home to major companies like Dell, Apple, Amazon, and IBM. The Austin Convention Center is undergoing renovations, expanding to 1 million square feet with 360,000 square feet of expo space.

CORT Events also operates warehouses in Dallas and Houston, further solidifying its presence in the dynamic Texas market.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BYD

BYD Expands into the Caribbean with New Trinidad and Tobago Dealership

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BYD, the Chinese automaker backed by Berkshire Hathaway, celebrated the grand opening of its first dealership in the Caribbean on May 30, located in the Republic of Trinidad and Tobago.

The event drew a crowd of over 200 guests, including notable figures from politics, commerce, media, influencers, and BYD car owners. Among the distinguished attendees were Fang Qiu, the Ambassador of the People’s Republic of China to Trinidad and Tobago, and Randall Mitchell, the Minister of Tourism, Culture, and the Arts of Trinidad and Tobago.

The new store, designed by Gensler, features sleek and fluid lines that create a unique aesthetic identity, reflecting BYD’s forward-thinking approach. Remarkably, the dealership was completed in just four months, setting a new standard for rapid retail outlet construction in the Caribbean. The space includes areas for negotiation, a boutique exhibition, and the BYD Dream Bar, providing a cozy and immersive automotive purchase experience.

During the opening, BYD showcased its full model lineup to the local market, highlighting vehicles such as the BYD YUAN PLUS, BYD DOLPHIN, and BYD E6, with a special focus on the flagship BYD SEAL. This premium sedan, with its dynamic and stylish design, embodies BYD’s Ocean Aesthetic design language. Guests enjoyed hands-on experiences with the innovative karaoke system and VTOL discharge capabilities of BYD’s new energy vehicles, garnering widespread appreciation for the sophisticated design and smart technology.

BYD has now introduced a range of new energy vehicle models in the Caribbean, solidifying its presence in nations including Jamaica and Trinidad and Tobago. Looking forward, BYD plans to deepen its collaboration with local dealerships, leveraging advanced technologies and maintaining high-quality standards. This initiative aims to offer a comprehensive lineup of new energy products to consumers, accelerating the shift towards sustainable transportation within these island communities.

BYD’s new energy initiatives now span over 80 countries and regions worldwide, continuously driving the global development of the NEV industry.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Lessons From Warren Buffett

Lessons From Warren Buffett: Look Inward for Investing Success

In the world of investing, where external factors often dominate discussions, Warren Buffett stands as a proponent of introspection. While many investors obsess over market conditions, and economic and geopolitical risks, Buffett suggests that the key to success lies not in external circumstances, but in understanding oneself.

Reflecting on history, Buffett points out that regardless of market highs or lows, there will always be a plethora of reasons to be either bullish or bearish. He emphasizes that he and his long-time business partner Charlie Munger have consistently focused on a simple premise: the enduring strength of the American economy and its businesses. Despite the challenges of the past century — from world wars to epidemics — Buffett highlights the resilience of American enterprise.

The core of Buffett’s philosophy is steadfast: focus on the intrinsic value of businesses rather than being swayed by external noise. He stresses that neither pessimism nor optimism should dictate investment decisions. Instead, investors should remain grounded in their assessment of business fundamentals.

Buffett’s perspective extends beyond fleeting market trends. He warns that it’s not the American economy that poses the greatest threat to investors’ success over time, but rather investors themselves. In his view, it’s the emotional biases, short-term thinking, and impulsive actions of investors that often lead to poor outcomes.

At the heart of Buffett’s message is a call for self-awareness and discipline in investing.

By looking inward and maintaining a long-term perspective, investors can navigate the complexities of the market with greater confidence and resilience. As Buffett aptly concludes, it’s not external conditions that determine success or failure in investing, but rather the mindset and actions of the investors themselves.

Hear Buffett’s full explanation

See the complete Lessons From Warren Buffett series

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Nebraska Furniture Mart

WorldSprings to Open Friday at Berkshire’s Grandscape, Revolutionizing Wellness

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Nestled in the heart of Berkshire Hathaway’s Grandscape near Dallas, WorldSprings is set to open on June 28, promising to revolutionize wellness experiences in Texas. Spanning nine acres, this unique destination blurs the lines between a wellness spa and an amusement park, positioning itself as the largest outdoor mineral springs experience in the United States.

Described as “a sanctuary for the soul,” WorldSprings will feature 45 outdoor soaking pools inspired by renowned hot springs from around the globe. Highlights include:

• The Family Pool: A welcoming space for all generations to enjoy mineral-infused waters.

• Dead Sea Float Pool and South Pacific Region Mineral Pools: Offering exotic, mineral-rich water experiences.

• Asiatic, European, and Americas Region Mineral Pools: Sophisticated, adults-only retreats.

• The Spa: Featuring a range of body treatments and massages for ultimate relaxation.

• The Sanctuary: A spiritual wellness area hosting sound baths, yoga, breathwork, and guided meditation.

• Aqua Classes: Including aqua aerobics, sculpting, yoga, and floating sessions.

• Performance-Enhancing Treatments: Offering cryotherapy, hyperbaric chambers, and compression therapy.

• WorldSprings Café: A tech-savvy dining option allowing guests to order food and drinks poolside via smartphones.

Under the guidance of in-house functional medicine practitioner Dr. Sara Gottfried, WorldSprings aims to replicate the mineral compositions of famous springs worldwide, ensuring an authentic and high-quality experience.

Accessibility is a key focus, with memberships and three-hour passes available to make wellness more inclusive. While specific pricing details are not yet disclosed, discounted Founding Memberships will be available early next year.

Rob Kramer, managing partner of WorldSprings’ owner Off Road Capital, envisions a future where wellness is accessible to all. “Our ambition is that WorldSprings will democratize wellness by opening locations throughout the country,” he stated.

WorldSprings’ journey began in Glenwood Springs, Colorado, and a similar concept has already been established in La Verkin, Utah. Now, Texans can look forward to experiencing this innovative wellness haven.

© 2024 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.