Episode Details

Andrew, Ben, and Tom discuss Berkshire Hathaway finally deploying its cash pile with the $6.8 billion purchase of Taylor Morrison Homes, a $10 billion new stake in Google now among its top five holdings, and $4.5 billion in buybacks, prompting the question of whether Buffett's years of caution are giving way to optimism, operating earnings up 24% and utilities profit up 27% even as BNSF and Geico continue to lag, TSMC's strong July sales supporting Q3 guidance for 46-48% revenue growth, a rough stretch for agriculture with Taylor Farms recalling jalapeño products in a salmonella outbreak following an earlier Cyclospora scare, and Treasury Wine Estates taking a $500 million charge and retreating from its US "masstige" strategy as global wine consumption hits its lowest level since the 1960s

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