Buffett treats himself

[The beef 675] [I'm an image] “Maybe he should have announced a successor instead of another investment...” - Jay Powell Hey there carnivores, The markets were up on Friday, as the Dow erased its 2020 losses. Today we’re celebrating Warren Buffett’s 90th birthday. Keep raging, Jeff & Jason [Image] [I'm an image] HBD On the day that the Oracle of Omaha turned 90, [Berkshire Hathaway announced]( that it has taken roughly a 5% stake in Japan’s five leading trading companies. Taking advantage of the 5 for 5 deal, I see. Are you going to invest or not? Over the past twelve months, BH has acquired its positions in Itochu Corp, Marubeni, Mitsubishi, Misui & Co, and Sumitomo by purchasing shares on the Tokyo Stock Exchange. These five companies are conglomerates that import various goods, such as textiles, food, metal, and energy, [while also providing]( services to manufacturers. Based on Friday’s closing prices, the combined stakes are valued at nearly $6.25B. But there’s room to run, as the conglomerate could grow its holdings to a max of 9.9% for each of the five firms. The bottom line... Don’t for a second think Warren is about to kick his Coke habit at 90. Charlie Munger’s BFF presumably washed his birthday cake down with a tall glass of Coca-Cola. Berkshire has long held a 10% stake in the soda giant, but times are tough over at the Pepsi rival’s HQ. Coke [is offering severance packages]( to roughly 4k employees, which amounts to nearly 5% of its entire workforce. It’s also reorganizing its operating structure, announcing nine new business units. This comes as the go-to beverage for polar bears everywhere struggles in these ‘unprecedented times,' reporting a 28% dip in quarterly revenue thanks to restaurant and bar closings. [Image] [Alternate text]( There Are 252 Trading Days In A Year Jason Bond Wants To Give You His Best Trade Idea For Each Of Them Introducing For The First-Time Ever: The Rooster Report A Brand New Trade Idea Each Day From Jason Bond [Watch Now]( [I'm an image] ☑️Insane in the brain. Next up for this sh*t show of a year... Elon Musk [is planning to control your brain.]( At a Friday evening demonstration, the billionaire reported that his startup Neuralink is putting “brain computers” into pigs, allowing scientists to track the neural firing of their brains. Ultimately, the plan is to insert the chips in people’s brains (hopefully they wash them after they take them out of the pigs) in order to help with debilitating diseases, like helping blind people see. Or if you just want to turn your Tesla on with brain waves. Neuralink has raised roughly $158M, most of it from Musk although an official amount wasn’t disclosed. ☑️Access denied. Apple gives zero f*cks. The company [denied an update to the Facebook app]( telling users that Apple takes a 30% cut on what they make from the ‘books new online events feature. Earlier this month Zuck and the gang launched a feature that allows businesses to host paid online events in an effort to recoup some of the money lost due to Covid-19. Zuck is out here doing God’s work. But users didn’t know that Apple was taking a 30% cut, and Facebook wants to fix that. It tried adding a line item breaking it down for buyers, but the update was denied. Android users, meanwhile, do not have to pay. I still would rather die than be a green text bubble… ☑️Get liquid. Masa Son, presumably still suffering from WeWork PTSD, announced that the company is [selling $14B worth of its stake]( in its Japanese mobile company, also called SoftBank. Super original, Masa. This is the latest in the string of moves for SoftBank as it is looking to pay down some of the debt on its balance sheet. Earlier this year, the company announced it was looking to sell $41B of its assets. The size of this sale was a little surprising since it had reportedly reached that goal. But these days it’s best to keep a couple of extra billions around for a rainy day. ☑️Wild weekend. Uber can’t catch a f*cking break. Approximately 200 current and former employees are suing the company for its poor stock performance since it IPO’d. The suit alleges that Uber [knowingly accelerated]( the date it would grant restricted stock units to its employees in order to save on compensation expenses. Further, the suit claims that Uber knew its stock price was going to drop from its $45 IPO price, which it did, to $27. Since the employees had to pay tax on the $45 price, not the $27 price, it wound up costing them millions, collectively. This move has Kalanick written all over it. 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