Fortune (May 6)
“Warren Buffett, whose economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over. The billionaire investor expects earnings at the majority of Berkshire’s operations to fall this year as a long-predicted downturn slows economic activity.”
Tags: Berkshire Hathaway, Billionaire, Buffett, Craved, Downturn, Earnings, Economy, Gloomy, Insights, Investor, Predicted, Prediction
Fortune (April 11)
“Billionaire investor Warren Buffett is visiting Japan for the first time in more than a decade, and his thoughts are on his large—and growing—investments in the East Asian nation.” So far, it appears that “Buffett is looking to increase those stakes again.”
Tags: Billionaire, Buffett, Increase, Investments, Investor, Japan, Stakes
New York Times (July 12)
“Mr. Branson’s flight reinforces the hopes of space enthusiasts that routine travel to the final frontier may soon be available to private citizens, not just the professional astronauts of NASA and other space agencies.” Other billionaire entrepreneurs are on his heels, all “risking injury or death to fulfill their childhood aspirations — and advance the goal of making human spaceflight unexceptional.”
Tags: Aspirations, Astronauts, Billionaire, Branson, Childhood, Citizens, Death, Enthusiasts, Entrepreneurs, Final frontier, Flight, Hopes, Human Spaceflight, Injury, NASA, Risk, Routine, Space, Travel
New York Times (July 22)
“What historical shift, what tremors in American culture, yielded up Mr. Trump’s moment from the depths of the national id? How did a braggadocious Manhattan billionaire with a history of dodgy business deals convince 13 million people feeling battered by a changing world that he is their solution?” Mr. Trump has “sought advantage by playing to disaffected people’s worst instincts, inventing scapegoats and conspiracy theories, waging and inciting vicious attacks on those who disagree with him. He is a poisonous messenger for a legitimate demand.” The Republican Party need to “dedicate itself to improving working people’s lives, instead of serving the elite.”
Tags: Billionaire, Braggadocious, Conspiracy theories, Dodgy business deals, Elite, Poisonous, Republican Party, Scapegoats, Tremors, Trump, U.S., Vicious attacks, Worst instincts
Wall Street Journal (October 7)
“Billionaire Warren Buffett tossed lifelines to a handful of blue-chip companies during the financial crisis. Five years later the payoff on those deals is becoming clear: $10 billion and counting.” In terms of income before taxes, the investments to companies like Bank of America, Dow Chemical, General Electric, Goldman Sachs and Mars, have yielded Berkshire approximately 40%. Berkshire received an attractive premium, but provided the companies with critical capital and something even more valuable: “Mr. Buffett’s implicit endorsement of their long-term prospects. Shares of these companies generally went up after they revealed Berkshire’s involvement.”
Tags: Bank of America, Berkshire, Billionaire, Blue-chips, Capital, Dow Chemical, Endorsement, Financial Crisis, General electric, Goldman Sachs, Investments, Mars, Payoff, Premium, Shares, Warren Buffett
The Economist (June 17)
Warren Buffet and Bill Gates are calling on the rich to give it away. They are asking billionaires to make a public giving pledge to donate at least half of their fortunes to charities and other good causes. Those who make the giving pledge will be invited to an annual summit for great givers. Buffet has himself pledged to give 99% of his wealth away, most of it to the Bill and Melinda Gates Foundation.
Tags: Bill Gates, Billionaire, Charity, Warren Buffet
