Berkshire back to portfolio

Berkshire Hathaway (NYSE: BRK.B) was added to portfolio after a long break.
I really like the management / investing style of Warren Buffett. It has taken Berkshire where it is today.

It looks favourably priced (P/E ratio near multi-year lows in mid January 2016).
In addition it starts to be near level (1.2x book) Warren Buffett has previously indicated to be the trigger for the formal share buyback program that should limit the possible downside.

The repurchase program is expected to continue indefinitely and the amount of purchases will depend entirely upon the levels of cash available, the attractiveness of investment and business opportunities either at hand or on the horizon, and the degree of discount from management's estimate of intrinsic value.
- Berkshire Hathaway, September 26 2011

You can find lots of analysis about BRK e.g. from Seeking Alpha (example).

The position was initiated by trimming down oil and telecom related positions.
The following ETFs were completely exited:

• iShares Global Telecom ETF (NYSE: IXP)

• Market Vectors Oil Services ETF (NYSE: OIH)