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New York Times (March 3)

2015/ 03/ 04 by jd in Global News

Warren Buffet’s annual letter to Berkshire Hathaway shareholders really let the finance industry have it. “Mr. Buffett has long ridiculed the financial industry, but this year’s letter, laced with references to bankers, lawyers and consultants as ‘a lot of mouths with expensive tastes,’ seemed to amp up the pugnacity.”

 

Washington Post (May 5, 2013)

2013/ 05/ 06 by jd in Global News

“Part rock concert, part investment workshop, the annual gathering of Berkshire Hathaway shareholders is an odd mix.” This year about 30,000 people attended what has become known as “Woodstock for capitalists.” During an annual highlight, Chairman Warren Buffet and Vice Chairman Charlie Munger participated in over 5 hours of Q&A. This year, “the questions seemed somewhat tougher and more detailed because of the addition of a panel of investment professionals, including Doug Kass, who has a negative view on Berkshire’s stock.” The wide-ranging questions also came from shareholders, journalists and analysts.“Part rock concert, part investment workshop, the annual gathering of Berkshire Hathaway shareholders is an odd mix.” This year about 30,000 people attended what has become known as “Woodstock for capitalists.” During an annual highlight, Chairman Warren Buffet and Vice Chairman Charlie Munger participated in over 5 hours of Q&A. This year, “the questions seemed somewhat tougher and more detailed because of the addition of a panel of investment professionals, including Doug Kass, who has a negative view on Berkshire’s stock.” The wide-ranging questions also came from shareholders, journalists and analysts.

 

Investment Week (October 25)

2012/ 10/ 29 by jd in Global News

Unfazed by a recent slump in the Dow, veteran investor Warren Buffet is taking advantage of the chance to increase his equity holdings. “If the market is down, I am happier buying. If I go to the supermarket and they have reduced prices, I feel better. So if I go to the stock exchange and they have reduced prices I feel better.” Indeed, he believes growth will continue in the U.S., which has stronger fundamentals than Europe.

 

Wall Street Journal (May 11)

2012/ 05/ 14 by jd in Global News

In the 1980s, they were called “corporate raiders” and frowned upon. Things have changed. “Warren Buffett is financing an unsolicited takeover bid for Avon Products” and the reaction is calm. There is now uproar. This is progress. “A thriving open market for corporate control imposes discipline on managers and can provide relief for long-suffering shareholders.”

 

Bloomberg (March 6, 2012)

2012/ 03/ 08 by jd in Global News

According to the Bloomberg Billionaires Index, Carlos Slim of Mexico is now the richest person on Earth, surpassing previous frontrunner Bill Gates. Warren Buffet rounded out the top three. “The combined net worth of the 20 richest people is $676.8 billion. Nine are Americans.” At number 11, Mukesh Ambani was Asia’s richest. Hong Kong’s Li Ka-shing and India’s Lakshmi Mittal also made the top 20.

According to the Bloomberg Billionaires Index, Carlos Slim of Mexico is now the richest person on Earth, surpassing previous frontrunner Bill Gates. Warren Buffet rounded out the top three. “The combined net worth of the 20 richest people is $676.8 billion. Nine are Americans.” At number 11, Mukesh Ambani was Asia’s richest. Hong Kong’s Li Ka-shing and India’s Lakshmi Mittal also made the top 20.

 

Forbes (March 21)

2011/ 03/ 23 by jd in Global News

Warren Buffet is not alone in stating Japan presents a “buying opportunity.” Forbes reports “generally bearish Dave Rosenberg wrote in his daily newsletter that the battered Nikkei 225, which plunged 12% last week, ‘may well be the most inexpensive market in the world.’” In the same note he points out that Japan markets are roughly at book value while global markets are twice book value. Moreover, at a P/E multiple of 14.5x, the Nikkei is trading at its cheapest in over 40 years.

 

The Economist (June 17)

2010/ 06/ 21 by jd in Global News

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.

 

Investment Week (June 14)

2010/ 06/ 14 by jd in Global News

A charity lunch with Warren Buffet sold for a record $2.63 million on eBay. All told, some 77 bids were placed for this lunch at the Smith & Wollensky steakhouse on New York’s Third Avenue. The winning bid was anonymous. The auction benefits the Glide Foundation, a charity Buffet has supported annually with similar auctions. The previous high bid for a Buffet lunch was $2.1 million in 2008.

 

Bloomberg (June 7)

2010/ 06/ 08 by jd in Global News

How much for the Buffet lunch? At least $51,000. That’s only the current bid. The price is expected to rise by two figures over the remaining three days. To benefit a San Francisco charity, lunch with famed investor Warren Buffet is being auctioned on EBay. In 2009, the Buffet lunch brought $1.68 million. The record was $2.11 million in 2008 from Chinese hedge-fund manager Zhao Danyang. The Glide Foundation, where Buffet’s first wife Susan volunteered, will receive the “lunch money.” Buffet called Glide “one of the great organizations I’ve seen for helping people that are really down and out…. It takes people who have hit bottom and brings them back.”

 

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