Should you 投資する with Buffett? Berkshire Hathaway starts a new 一時期／支部 after Munger’s death
The fortunate 投資家 who, in the 早期に 1980s, took a bet on 過密な住居 Buffett has seen this 火刑／賭ける grow by a prodigious 40,000 per cent.
This 週末, however, the 焦点（を合わせる） is more on what lies ahead than past returns, に引き続いて the death, at 99, of Charlie Munger, Buffett's co-経営者／支配人 for six １０年間s.
Buffett, 93 ? globally celebrated as the 下落する of Omaha ? recently said: 'I feel good, but fully realise I am playing in 延長戦s.'
His taste for adventure remains undimmed, as 論証するd by a lucrative wager on Microsoft's 企て，努力，提案 for Activision Blizzard, the ビデオ games company.
にもかかわらず, the passing of lawyer and philanthropist Munger means that even more questions are 存在 asked about where Buffett's $786billion Berkshire Hathaway 基金 could be 長，率いるd next.
Given Buffett's 非常に高い 影響（力）, it's a 審議 in which every 投資家 should be engaged.
How and where Buffett 投資するs
Apple is the largest 選び出す／独身 持つ／拘留するing in the Berkshire Hathaway behemoth ? nowadays more of a 複合的な／複合企業体 than a 基金. American 表明する, Bank of America and Coca-Cola （不足などを）補う another 重要な chunk. All have the powerful brands that 構成する the 競争-repelling 'moat' that Buffett 要求するs.
At 現在の the 基金 sits on a 記録，記録的な／記録する $157billion hoard of cash, thanks to the $100m-a-day 生成するd by the operating 商売／仕事s.
But it has also been swollen by sales of all or some of the 株 in アマゾン, General モーターs, Johnson & Johnson, Mondelez, Procter & 賭事 and UPS.
?Since Buffett usually がまんするs by a '持つ／拘留する-forever' doctrine, these 処分s have 追加するd to the conjecture about 戦略, 憶測 amplified by Berkshire Hathaway's 最近の 問題／発行する of yen-denominated 社債s.
Could the proceeds be spent in Japan, given the 基金's successful 賭事 on that nation's 貿易（する）ing houses, Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo?
Dan Brocklebank of Orbis 投資 points out that 'cheap, 井戸／弁護士席-capitalised banks in Japan and Korea should 栄える if rising 全世界の インフレーション continues to 解除する 利益／興味 率s'. But he remains 納得させるd that Buffett will not 急ぐ into any area, given his time-実験（する）d 強調 on value.
David Beggs of Sanford DeLand, 経営者／支配人s of the Buffetology 基金 which 雇うs Buffett 原則s to 選ぶ UK 在庫／株s, says: 'Buffett will not buy something 簡単に because cash is building up.'
He says Buffett would be 利益／興味d in 質 商売／仕事s. But he is said to 見解（をとる） the valuations of US companies as frothy, and is also 気が進まない to 直面する 競争 from 私的な 公正，普通株主権 基金s.
This 警告を与える does not mean that Buffett, and 相続人 明らかな Greg Abel, will stand still, and so it could 支払う／賃金 off to 監視する possible Berkshire Hathaway forays.
Brocklebank 最高潮の場面s defence 請負業者s, electric grid 組織／基盤／下部構造 商売／仕事s and energy 会社／堅いs. It is 価値（がある） considering whether 適切な時期s could 嘘（をつく） in Britain, which, arguably, 代表するs value.
Which UK 株 could pass the Buffett 実験（する）??
James de Uphaugh, 経営者／支配人 of the Edinburgh 投資 信用, 示唆するs that the UK markets could be home to the 'wonderful 商売／仕事s at fair prices' that Buffett favours. This year, Berkshire Hathaway put money into Diageo.?
The drink 巨大（な）'s 株 have sunk by 24 per cent in 返答 to problems in its Latin American 分割. But like other 株主s ? such as me ? Buffett is 確信して of 復活.
略奪する Burgeman of RBC Brewin イルカ 競うs that anyone 可決する・採択するing the Buffett approach in the UK markets should look at real 広い地所 which could 利益 as 利益／興味 率s 落ちる.?
He 特記する／引用するs one 候補者: '最初の／主要な Health 所有物／資産／財産s owns and rents 最初の／主要な healthcare 施設s ? typically, 目的 built GPs' 外科s. The 株 may be 負かす／撃墜する about 25 p er cent over the past two years, but they 申し込む／申し出 a 甚だしい／１２ダース 産する／生じる of around 6.69 per cent ? and 範囲 for 資本／首都 growth.'
Berkshire Hathaway A 株 are $547,594 each. Even the B 株, introduced to be いっそう少なく of mouthful, are $370.?
Charlie Munger's wit and 知恵?
投資 legend: Charlie Munger (pictured) died, 老年の 99, on Tuesday
Charlie Munger (pictured) died, 老年の 99, on Tuesday, 主要な to an outpouring of 尊敬の印s.?
While Buffett was the 星／主役にする of the show, Munger had far more 影響（力） on Berkshire than his 副／悪徳行為-chairman 肩書を与える 示唆するd.?
投資家s who cannot stretch to such sums could 試みる／企てる to replicate the Berkshire Hathaway 大臣の地位, or check out the 寺 妨げる／法廷，弁護士業 投資 信用 which, some see as a UK's answer to Berkshire Hathaway.
Ian Lance, the 信用's 経営者／支配人 says: 'We both seem to be fans of the energy 部門. Chevron and Occidental 石油 are held by Berkshire Hathaway. Our （危険などに）さらす is through 爆撃する and TotalEnergies.?
'The second area is 財政上のs ? we own Aviva, Barclays and NatWest. Both 部門s are very out of favour ? and その結果 申し込む／申し出 some very attractive valuations in our opinion.'
Munger's death has 原因（となる）d much reflection on his 説s.
Paul Surguy of wealth 経営者／支配人 Kingswood 特記する／引用するs the pithy: 'The big money is not in the buying and the selling, but in the waiting.'
It's a useful 決意／決議 for the new year and beyond.
