Buffett Cuts Shares in TSMC, Bulks Up on Apple, Paramount

The transcript discusses Warren Buffett's uncharacteristic short-term investment in TSMC, diverging from his usual buy-and-hold strategy. It highlights Berkshire Hathaway's opaque investment decisions and the influence of its equity investing heads, Todd Coombs and Ted Wexler, who are incorporating more tactical trading. The discussion also covers Berkshire's bullish stance on China, driven by Charlie Munger, and the company's potential future investments, including speculation about its $100 billion cash reserve. Despite recent tactical moves, Berkshire is expected to maintain its long-term strategy.

What was unusual about Warren Buffett's investment in TSMC?

• He invested in a company outside the US.

• He sold the investment shortly after buying it.

• He followed his typical buy-and-hold strategy.

• He held the investment for a long period.

Who are the two equity investing heads influencing Berkshire Hathaway's new trading approach?

• Todd Coombs and Ted Wexler

• Elon Musk and Jeff Bezos

• Bill Gates and Steve Jobs

• Charlie Munger and Warren Buffett

What is one reason Berkshire Hathaway is interested in China?

• To focus solely on technology companies

• To invest in American Express

• Due to Charlie Munger's view of it as a land of opportunity

• To diversify into the European market

What industry does Berkshire Hathaway see as having constant demand?

• Real Estate

• Retail

• Oil and Gas

• Technology

What is a potential strategy from the Buffett Playbook mentioned in the transcript?

• Focusing on short-term gains

• Building a position and eventually buying the whole company

• Avoiding industries with constant demand

• Investing in startups