Bill Stone

Chief Investment Officer of The Glenview Trust Company | @Forbes Contributor |"Man muss immer umkehren" - Carl Gustav Jacob Jacobi

[Bill Stone @ewstone]

I did my 28 miles for March for the Fallen to honor Staff Sgt. Louis Cardin who died in Iraq making sure others made it to safety. https://t.co/Fg5Ib4xbUl #MFTF #mftfphilly

[Bill Stone @ewstone]

Do “stock picking formulas” actually beat the market?
Decades of data say yes.
But here’s the catch:
✅ Higher returns
❌ Higher volatility
❌ Long stretches of underperformance
The hardest part isn’t finding a strategy; it’s sticking with it when it stops working.
My latest in @Forbes: https://t.co/Z0jvaUnxlP

[Bill Stone @ewstone]

Most investors focus on avoiding mistakes.

But the data says something different: A small number of stocks drive most long-term returns.

✔ Over half of stocks lose money
✔ A handful of “multibaggers” create the gains
✔ Success = holding the big winners

The hard part? Finding the winners and staying invested.
My latest: https://t.co/RbSBuge6dr

[Chuck Jaffe @ChuckJaffe]

@EWStone on how strong earnings will keep powering this market higher, despite inflation, war & more. With the $SPCX IPO on tap, @ToddRosenbluth of @Vetta_Fi makes $UFO his #ETFoftheWeek; Hank Smith of Haverford Trust talks dividend-growth stocks in the #MoneyLifeMarketCall.

[Money Life Show @MoneyLifeShow]

@EWStone on how strong earnings will keep powering this market higher, despite inflation, war & more. With the $SPCX IPO on tap, @ToddRosenbluth of @Vetta_Fi makes $UFO his #ETFoftheWeek; Hank Smith of Haverford Trust talks dividend-growth stocks in the #MoneyLifeMarketCall.

[Bill Stone @ewstone]

Last week was a good reminder that markets don’t just move on fundamentals, they move on expectations.

Broadcom reported strong results, but not strong enough to lift already high expectations around AI growth.

That triggered a pullback across AI and semiconductor stocks—even as economic data surprised to the upside.

The bigger picture hasn’t changed, but the market is starting to demand more proof after a very strong run.

If you’re interested, I break it down in more detail in my latest article below.
https://t.co/uGW7WYQxpT

[Bill Stone @ewstone]

Alphabet raising $80B to fund AI, and Berkshire Hathaway adding another $10B. Thanks to @Reuters for including my thoughts in the story.

Not just a capital raise. A signal: AI is now an infrastructure arms race.

Also notable timing—this follows Berkshire’s homebuilder acquisition. Greg Abel has been busy deploying capital across very different, long-duration opportunities.

Big question: will returns match the scale of investment?
https://t.co/WwgiZVwPmv

#AI #Investing

[Bill Stone @ewstone]

Classic Berkshire Hathaway: buy housing when sentiment is still cautious.

Their $6.8B Taylor Morrison deal signals a bet on pent-up demand and a cycle turn.

Appreciate @YunLi626 including my thoughts on @CNBC.

https://t.co/hVmsv19g3R

[Bill Stone @ewstone]

Oil is back above $100, and inflation risks are rising with it.
That’s showing up in:
• Higher gas prices
• Rising yields
• Re-accelerating CPI

Inflation isn’t gone; it’s just in remission.
Why that brings TIPS back into focus for investors:
https://t.co/IbrBFrBJNX
#Inflation #Oil #Rates #FixedIncome

[Bill Stone @ewstone]

Memorial Day celebrates those who gave all for our freedom.

[Bill Stone @ewstone]

Joined @YahooFinance to break down Berkshire Hathaway’s latest moves under Greg Abel: new bet on Delta, bigger conviction in Alphabet.

A more concentrated playbook, same disciplined framework.

Thanks @joshuahlipton and Cheyenne Reid for having me.

$DAL $GOOGL

[Bill Stone @ewstone]

Berkshire just got more focused:
• 29 stocks
• 91% in top 10
• 16 positions eliminated
Same discipline. New fingerprints.
Greg Abel is reshaping the portfolio, quietly but clearly.
My latest ↓
https://t.co/dZlWpS88b1

[Bill Stone @ewstone]

Berkshire’s first quarter under Greg Abel is starting to take shape:
- New stakes in Delta and Macy’s.
- Exits from Amazon, Visa, Mastercard, and others.
- A major add to Alphabet

Not a wholesale shift, but clearly a more concentrated capital allocation approach.

Appreciate @kryshur for the thoughtful conversation and for including my perspective in her @WSJ piece.
https://t.co/LEToiUELDQ

[Alan Saunders @ASaunders_PGH]

The Pittsburgh Zoo is clearly in win-now mode.

[Bill Stone @ewstone]

Berkshire Hathaway Q1 2026: new era, familiar discipline.

With Greg Abel taking the wheel, results point to continuity: steady operations, patient capital allocation, and the same long-term playbook.

My latest:
https://t.co/mnqeTsX5CA

[Bill Stone @ewstone]

Joined @CNBCTheExchange to talk Berkshire Hathaway.

Surprised buybacks didn’t get more airtime after the meeting, but Kelly was on it.

Big opportunity ahead for Greg Abel to add value through good old‑fashioned operational excellence.

Thanks to @KellyCNBC for the great convo and Chelsea Lombardo for making it all happen. 👇
https://t.co/17aj2enP4w

[Bill Stone @ewstone]

A new era in Omaha.

Greg Abel led the 2026 Berkshire Hathaway Annual Meeting as CEO, with Warren Buffett on as Chairman. More focus on operations, record cash of nearly $400B, disciplined capital allocation, and the same margin‑of‑safety mindset.

My takeaways 👇
https://t.co/hz6kloO6ef
#BRK #Investing #ValueInvesting

[Bill Stone @ewstone]

Earnings season is heating up.

Big Tech has delivered, markets are rewarding nuance over headlines, and 128 more companies are still to report.

In my latest piece, I cover what investors should really be watching as earnings season hits full stride.
🔗 https://t.co/ItYHKxHQTK
#EarningsSeason #Markets #Investing #BigTech

[Bill Stone @ewstone]

Warren is in the house! BRK2026

[Bill Stone @ewstone]

Here we go! Lined up in Omaha for the 2026 Berkshire Hathaway Annual Meeting.

Crowds are smaller than historically but still sizable.

[Bill Stone @ewstone]

My annual Omaha routine:

1. Talk Berkshire on @CNBC
2. Go to Omaha
3. Go shopping
4. Take notes like it’s still 2006
5. Drag myself across the 5K finish line

Thanks to @YunLi626 for having me on the Berkshire Hathaway Annual Meeting preview. Let’s do this!

https://t.co/MixJ4EVlDP