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Warren Buffett Speaks in Lausanne
2008-05-22 19:39:00 A few days ago, 90 MBA students were at IMD Business School in Lausanne for an interview session by MBA Programme Director Benoît Leleux with his two guests Warren Buffett and Israeli family business ISCAR Chairman Eitan Wertheimer. You can also watch the 42-minute video of the entire session here: Warren Buffet in IMD Business School It?s available ...
Buffett to Investors - Think Small
2008-05-04 07:43:00 Last Saturday morning at Berkshire Hathaway’s annual meeting, CEO Warren Buffett and vice chairman Charlie Munger answered questions from the Berkshire shareholders. Here are some of their comments. On Future Returns Buffett: We would be very happy if we earned 10%, pre-tax. Anyone that expects us to come close to replicating the past should sell their stock; it isn’t going to happen. We’ll get decent results over time, but not indecent results. Munger: You can take what Warren said to the bank. We are very happy at making money at a rate in the future that’s much less than the past… and I suggest that you adopt the same attitude. On Berkshire Buffett: We think Berkshire is an attractive investment. We don’t think it’s the most attractive in the world. On Future Investments Buffett: We are happy to invest in businesses that earn their money in euros in France or Italy or sterling in the UK, because I don’t have a feeling that thos... More About: Small , Investors
Some NUS Students Got Lucky
2008-04-03 18:21:00 Some lucky postgraduate students from the National University of Singapore got a chance to visit Warren Buffett during a recent study trip to the US in February 2008. It was the first time an Asian university held a dialogue with the investment guru. The 21 Master in Business Administration or MBA students also visited companies like ... More About: Students , Lucky
Ask Warren Buffett Your Question
2008-02-27 15:17:00 CNBC’s Squawk Box will be interviewing Warren Buffett this coming Monday morning and has invited us to send in our own questions. From the questions received, CNBC will select some to ask Warren. If you are interested to send in your question to Warren Buffett, you can do so at this page. Related PostsDiscounted Cash Flow ... More About: Question
Buffett Tells FOX Business Not Interested in Ambac, MBIA
2008-02-06 05:55:00 Dispelling rumors running in the market, Berkshire Hathaway (BRK.A) chief Warren Buffett says they have no plans to bail out troubled bond insurers MBIA (MBI) and Ambac (ABK). In an interview with FOX Business anchor Liz Claman, Warren Buffett said his strategy is to create new companies in the sector, rather than bailing out existing troubled ... More About: Tells , Not I
The Day the US Dollar Sets
2008-02-03 13:58:00 I’m not too sure when these interviews were made, but I really liked the analogy given by Peter Schiff. Have a look. Related PostsNo More US Dollar s For Supermodel Gisele BundchenBrazilian supermodel Gisele Bundchen has joined Warren Buffett an...Warren Buffett Cuts Berkshire’s Bet Against US dollarJust a short update on some news before I finish up ... More About: Sets
Sovereign Wealth Fund Investments
2007-12-31 05:59:00 Recently, there have been a spate of sovereign wealth funds buying big stakes in distressed financials. Singapore’s Temasek Holdings and GIC, China’s China Investment Corp, and middle eastern funds flush with oil dollars have all injected cash into Morgan Stanley, Citigroup, UBS and Bear Stearns. In an interview on CNBC, Warren Buffett mentions that he has ... More About: Wealth , Fund , Investments , Sovereign
Free Briefs or Boxes
2007-12-24 07:46:00 At the Omaha airport on Saturday, we will have the usual array of aircraft from NetJets available for your inspection. Just ask a representative at the Civic about viewing any of these planes. If you buy what we consider an apprpriate number of items during the weekend, you may well need your own plane to ... More About: Free , Briefs
Loss Development in Insurance Accounting
2007-12-24 06:09:00 Berkshire Annual Letter 2001 (Part 3) Warren Buffett recommended reading Jack Welch’s book, Jack, Straight from the Gut. In the words of Warren Buffett, Jack Welch is smart, energetic, hands-on, and expects much of both himself and his organisation. In investing (just like insurance), you can produce outstanding long term results primarily by avoiding dumb decisions, rather than ... More About: Insurance , Development , Accounting , Loss
Principles of Insurance Underwriting
2007-11-28 04:39:00 Berkshire Annual Letter 2001 (Part 2) To understand Berkshire, it is necessary to understand how to evaluate an insurance company. The key factors are: The amount of float that the company generates. Its cost. The long term outlook of both the above factors. Usually, it is not the size or brand that determines whether an insurance company is profitably. What is ... More About: Insurance , Principles
What a CEO Really Wants
2007-11-26 05:50:00 Another joke by Warren Buffett. Though Enron has become the symbol for shareholder abuse, there is no shortage of egregious conduct elsewhere in corporate America. One story I’ve heard illustrates the all-too-common attitude of managers toward owners: A gorgeous wman slinks up to a CEO at a partyand through moist lips purrs, “I’ll do anything - anything ...
The Results of Copying Warren Buffett
2007-11-18 05:49:00 A soon-to-be released report of a study by Professor Gerald Martin of American University in Washington and Professor John Puthenpurackal of the University of Nevada has shown that investors would have earned close to twice the returns of the S&P 500 Index during the past three decades just by buying the same stocks that Warren ... More About: Warren Buffett , Buffett , Results , Fett
Updates of Berkshire?s Holdings
2007-11-15 19:55:00 Here’s an update of the changes to Berk shire Hathaway’s holdings based on their latest 13F filing for the quarter ended 30th September 2007. Some of this would already have been known to you. New Holdings : CarMax Inc. (NYSE: KMX) 13,981,800 shares WABCO Holdings Inc. (NYSE: WBC) 2,700,000 shares Increased Holdings: Bank of America (NYSE: BAC) from 8,700,000 ... More About: Updates , Berkshire
Bloomberg Got it Wrong on Gisele
2007-11-07 16:20:00 Just yesterday, I wrote a post about supermodel Gisele Bundchen dumping the US dollar. The source of my news was from Bloomberg . Apparently, the news was not so accurate. Gisele Bunchen’s manager, Anne Nelson, has pointed out that the information was completely fabricated and untrue. Oh well, even Bloomberg gets it wrong sometimes. Whatever the case with ... More About: Forex , Wrong , Berg
No More US Dollars For Supermodel Gisele Bundchen
2007-11-05 17:51:00 Brazilian supermodel Gisele Bundchen has joined Warren Buffett and other billionaire investors in concluding that the US dollar is going to depreciate further. Patricia Bundchen, her twin sister and manager, said that contracts in Euros are more attractive. “We don’t know what will happen to the dollar.” It seems that everyone is betting against the dollar, ... More About: Forex , Dollars , Supermodel
Stock Spilts and Al Ueltschi
2007-10-31 05:45:00 Joke by Warren Buffett on Al Ueltschi: Al Ueltschi at FSI is now 83 and continues to operate at full throttle. Though I am not a fan of stock splits, I am planning to split Al’s age 2-for-1 when he hits 100. (If it works, guess who’s next.) Related PostsWarren Buffett CEO: Al Ueltschi with Robert Miles In ... More About: Stock
Warren Buffett Sells Entire Stake in PetroChina
2007-10-21 18:02:00 We know that Warren Buffett has been paring his stake in Petrochina. In an interview on Fox Business a few days ago, Warren revealed that Berkshire’s entire stake has been sold. The reason was selling was due to valuation and not over the company’s role in the Darfur. The investment bagged Berkshire a profit of ... More About: News , Interview
Warren Buffett Bought Brazilian Real
2007-10-20 15:21:00 Earlier on, we had speculated on what currency Warren Buffett was actually holding. The mystery currency that Warren Buffett bought turned out to be the Brazilian Real . Warren Buffett said in an interview on Fox Business Network, “If you told me 10 years ago I would buy the Brazilian real, you would, I would, have thought ...
Warren Buffett Trims Holdings in Norfolk Southern Corp and Union Pacific Co
2007-10-17 04:50:00 Warren Buffett ’s Berkshire Hathaway reported on Monday that they have reduced their stake in railway companies Norfolk Southern Corp. and Union Pacific Corp during the second quarter from Apr to Jun 07. According to a Securities and Exchange Commission filing, Buffett’s holding in Union Pacific fell to 7.41 million shares valued at $853.4 million as of ... More About: Warren Buffett , Warren
CFA Institute Podcast and Webcast
2007-10-15 17:46:00 This is a library of lectures delivered by renowned authors/professors like: Burton Malkiel Jason Zweig David F. Swensen Jeremy J. Siegel Marc Faber Justin Wolfers Free Podcast s Free Webcast s, with slides. Enjoy! Related PostsLegg Mason Thought Leader Forum 2006Legg Mason Capital Management is one of America's leading equity ... More About: Institute
Warren Buffett Increases Stake in Burlington Northern
2007-10-08 17:59:00 Buffett’s Berkshire Hathaway holding company reveals in a series of filings with the SEC that it has exercised call options to puchase 7,847,818 shares of the freight railroad Burlington Northern Santa Fe. This purchase raises Berkshire’s stake to 60,828,818 shares, or 17.2% of Burlington Northern’s outstanding shares. In my previous post on this matter, I mentioned that ... More About: Warren Buffett , Warren , Buffett , Fett
Acquisitions of 2000
2007-10-01 06:57:00 Berkshire Annual Letter 2000 (Part 1) In the introduction of this letter, Warren Buffett mentions that most of his stock holdings were fully priced and the long term prospect for equities in general was far from exciting. Year 1999 was the year technology stocks outperformed the rest of the market, but they are not something that Warren ... More About: Acquisitions , Acquisition
Lecture of a Lifetime
2007-09-28 13:56:00 Today, we take a break from investment. I would like to share with you a lecture that might help you to reflect on your live and your dreams. Here’s the background: Randy Pausch is a 46-year-old professor at Carnegie Mellon University who specialises in Virtual Reality. He has terminal cancer and has only a few more ... More About: Lifetime
Warren Buffett Doesn?t Care Whether The Fed Cuts Rate Or Not
2007-09-19 16:33:00 In a telephone interview by Becky Quick of CNBC, Warren Buffett gives his take on the following matters: Why changes in the Federal Reserve rates doesn’t bother him. What he thinks of the market in terms of the credit crunch. His worries about inflation. You can listen to the interview or read the complete transcript. Related PostsWarren Buffett Cuts Berkshire’s ... More About: Interview , Care
Every Breath Bernanke Takes
2007-09-19 03:24:00 A funny spoof on The Police’s “Every Brea th You Take” featuring imitation Dean Glenn Hubbard and Fed Chairman Ben Bernanke . Related PostsInsurance OperationsBerkshire Annual Letter 1995 (Part 6)What counts in the insurance...Acquisition AccountingBerkshire Annual Letter 1999 (Part 2) When an acquisition take...Review of Seminar - Session 1In this session, we are shown the awesome track record of ... More About: Jokes
Look-Through Earnings and of Tech Stocks
2007-09-13 18:14:00 Berkshire Annual Letter 1999 (Part 3) Reported earnings do not accurately measure the economic progress of Berkshire as they include only the dividends received from investees. These dividends are only a small fraction of the earnings attributable to Berkshire. A more accurate assessment can be made using the concept of look-through earnings. They consist of: 1) The operating earnings ... More About: Stocks , Tech , Earnings , Earning
Buying Scott Fetzer
2007-09-12 16:56:00 More humour from Warren Buffett: In 1985, a major investment banking house undertook to sell Scott Fetzer, offering it widely - but with no success. Upon reading of this strikeout, I wrote Ralph Schey, then and now Scott Fetzer’s CEO, expressing an interest in buying the business. I had never met Ralph, but within a week ... More About: Buying
A Managerial Story You Will Never Read Elsewhere
2007-09-05 17:47:00 Berkshire Annual Letter 1999 (Part 1) The majority of Berkshire’s managers are wealthy, and work because they love their businesses. Even though the businesses are owned by Berkshire, these managers are given authority to run them as if they were their own. Here’s a story of how one of their managers truly wanted their business to do ... More About: Business , Story , Read , Geri , Tory
Quarterback Report Card
2007-09-02 19:50:00 Joke by Buffett The numbers on the facing page show just how poor our 1999 record was. We had the worst absolute performance of my tenure and, compared to the S&P, the worst relative performance as well. Relative results are what concern us: Over time, bad relative numbers will produce unsatisfactory absolute results. Even Inspector Clouseau could ... More About: Card , Report , Quarter , Quarterback
Is Warren Buffett Buying Countrywide?
More articles from this author:2007-08-27 10:48:00 In an earlier interview with CNBC, Warren Buffett mentioned that the current crisis offers fine buying opportunities. Rumours have been flying that Warren Buffett is currently buying shares in distressed mortgage lenders, one of them Countrywide. CNBC tried to catch Warren Buffett again but couldn’t get anything much out of the sage of Omaha. Warren Buffett ... More About: News , Buying 1, 2 |
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