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March 4 th 2013

Common Cents Investment Group. March 4 th 2013. Agenda. T-shirts! E-Board Applications Today in the Market Berkshire Hathaway Options and Futures by Nick Ramstetter. E-Board Information. Interviews are to occur either Sunday or Saturday

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March 4 th 2013

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  1. Common Cents Investment Group March 4th 2013

  2. Agenda • T-shirts! • E-Board Applications • Today in the Market • Berkshire Hathaway • Options and Futures by Nick Ramstetter

  3. 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!)

  4. Today in the Market

  5. Phillips in the News • Not as relevant, but cool! • http://www.bloomberg.com/video/led-bulb-adoption-taking-off-philips-sebasky-Lr6X3mv4QPG4wlZRqHmePw.html

  6. Apple’s Watch • http://www.bloomberg.com/video/iwhat-will-apple-come-out-with-iwatch-21iBsuF_Tv6UKFpO1MXegg.html

  7. Wealth in India • http://www.bloomberg.com/video/why-you-may-want-to-start-investing-in-india-RORR6NaQTsWC4STZkH~PCg.html • Brian pitched about Tata Motors • Indian car manufacturing

  8. 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 • Needs worked out before then!

  9. The Great Divide • http://www.bloomberg.com/news/2013-03-04/obama-congress-take-wait-and-blame-approach-on-budget.html

  10. Berkshire • Earnings reported • $24 B increase in net worth • Warren says “Ehhhh” • BRKB performance is a lot greater when the market is flat

  11. 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 he studied several, but didn’t “pull the trigger”

  12. 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…

  13. Berkshire • Other acquisitions • 28 daily newspapers - $344 M • Boosted stake in • Coca Cola • American Express • IBM • Wells Fargo

  14. 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

  15. 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/2012ltr.pdf “If you are a CEO who has some large, profitable Project you are shelving because of short-term Worries, call Berkshire. Let us unburden you.” -Warren Buffett

  16. Berkshire • http://www.bloomberg.com/video/don-t-copy-warren-buffet-laffont-1vSvxzhbR5yyQ7OoGnN63Q.html

  17. Options and Futures Nick Ramstetter

  18. Membership $20 • 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

  19. 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

  20. Questions? ? • Questions, comments or concerns?

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