Shall we stop for a moment to sing an early “Happy Birthday” for Warren Buffett? He will turn 90 on Sunday. And maybe another surge in Berkshire’s share price will get his fortune up to $90 billion before too long, fingers crossed on that (OK, probably not, he’s giving away his money so quickly that he’ll never compete to be “world’s wealtiest human” again… he’ll probably even lag behind Elon Musk and MacKenzie Scott, let along MacKenzie’s ex-husband Jeff Bezos, but that’s OK, I like him more for that).
I imagine Becky Quick will manage to squeeze a birthday interview out of him to see if there’s more wisdom we can wring out of the guy, but hopefully he’ll be as quick at 95 as he was at 75, when we all started whining about Berkshire Hathaway (BRK-B) needing a succession plan. Warren’s partner Charlie Munger turned 96 this year, and I don’t know if I’d want to depend on his eyesight behind the wheel of a car — but he doesn’t seem to have lost his spark or his wisdom. I’ll take a few more years with both of them at the helm if they’re up for it, and I’d like to see Buffett have the chance to use some of that cash pile if an opportunity presents itself, though I wouldn’t blame them for retiring… and at this point, I think it might even boost Berkshire’s share price.
What else happened this week?
Alphabet (GOOG) officially ruled out buying TikTok… not that the regulators would have been likely to let them try, anyway, not with their YouTube-fueled dominance in user-generated online video.
But Fastly (FSLY) seems to be soaring again on the TikTok chatter about a big US tech company really moving forward with a purchase, whether that’s Oracle or Microsoft or somebody else… with the latest entrant being a surprise, as Walmart (WMT) says they’re joining Microsoft (MSFT) in making a bid. Which sounds a little funny, but at least makes more sense than Oracle (ORCL).
And Fastly also announced a decent-sized acquisition to bolster their security offerings, so with that and the Walmart news hitting around the same time, I guess we’re off to the races again. The TikTok stuff is out of our control, and probably won’t amount to a big change for Fastly… but what does that acquisition mean, ...