Berkshire Hathaway unit buys Koenig & Strey, Tweeps respond
2009-09-01 23:46:00 By now you've probably heard that Home Services of America, Inc., a unit of Warren Buffett's Berkshire Hathaway, has purchased Koenig & Strey, one of Chicago's largest local brokerages. K&S's 900 employees will retain the company name and operate as a franchisee of Brookfield Residential Properties' North American Network, according to a press release from Home Services of America. View the full Crain's article on ChicagoNow here. What I find interesting are some of the Twitter responses to the news, especially from local real estate professionals who seem to welcome the idea. K&S had closed seven offices in the area in the past year, but now the mood among Chicago Realtors seems to have lifted. Here's some of my favorite tweets...
The Berkshire Charity Auto Show (Part 2)
2009-07-10 21:53:00 "Auto show crowds acclaim the new 1935 Plymouth", read the placard on one of the vintage vehicles at the 24th annual Berkshire Charity Auto Show. "America needs this high-speed safety car", explained the framed article from the January 19, 1935 edition of the Saturday Evening Post. Equipped wi
The Berkshire Charity Auto Show (Part 1)
2009-07-09 22:44:00 Vintage vehicles and charitable contributions made for a winning combination at last Sunday's 24th annual Berkshire Charity Auto Show. Set on the green grounds of historic Hillcrest Hospital in Pittsfield, Massachusetts, the non-profit event attracted thousands of automotive aficionados a
Berkshire Hathaway Stock Holdings and Investment Ideas
2009-05-26 18:58:00 Warren Buffet’s Berkshire Hathaway filed its first quarter 13-F with the SEC last week. From the filing, you may find a few investment ideas from where Buffet is putting his money, as noted by Morningstar. At the end of the first quarter, Berkshire holds a total of 41 stocks in its equity portfolio, with American ...Original Post on The Sun's Financial Diary Special bonus offers Ohio CollegeAdvantage 529 Plan $25 Bonus Lending Club $25 Sign Up Bonus Berkshire Hathaway Stock Holdings and Investment Ideas
Berkshire Hathaway (BRK.B): Still a 'gem'
2009-04-07 15:00:00 "Though 2008 was tough for Warren Buffett, we feel Berkshire Hathaway (NYSE: BRK.B) is well-positioned for the year ahead," says Paul Tracy in his StreetAuthority Market Advisor."For only the second time in the investment-based company's 44 years, Buffett saw the book value of Berkshire drop."Of course his book value decline of 9.6% should be put in context with the 37% loss incurred by the S&P 500."Credit rating agencies Moody's and Fitch both downgraded Berkshire's "AAA" credit rating and S&P is looking to do the same."And just for a little salt in the wound, Buffett was bumped out of the top spot on Forbes' list of the world's richest people, unseated by Bill Gates."In his annual letter to Berkshire shareholders, Buffett was candid about both his mistakes and successes in 2008. Of his mistakes, he listed taking a position in ConocoPhillips when oil and gas prices were near their...
Buffett Reignites Berkshire Hathaway with a $4 Billion Spending Spree
2008-08-27 17:30:00 Not even Warren Buffett was immune to the stock market?s rampant first-half gyrations, as Berkshire Hathaway Inc. (BRK.A, BRK.B) notched its worst first half in 18 years, with the shares skidding more than 16%. But only a fool would count out the great…
By: Jutia Group
More Huge Writedowns, Berkshire Wrap-Up, $5 Gas, The Laffer Curve, and More
2008-05-06 20:49:00 by Addison Wiggin & Ian Mathias More multibillion-dollar write-downs? banks and brokerages to fire tens of thousands more Chris Mayer and Dan Amoss with their favorite sound bites from the Berkshire Hathaway annual meeting Latest ISM data surprise the street? could the service sector be staging a comeback? Consumers expecting $5 gas by year?s end? ...
Follow Berkshire Hathaway and Invest In The Financial Sector
2008-05-06 20:17:00 Pop quiz: Over the past six months, one sector of the market has seen more insider buying than any other. Can you name it? If you think it’s technology, you’d be wrong. Healthcare? Nope? the answer is the financial sector. Large insider purchases have occurred at some of the following companies: Wells Fargo (NYSE: WFC) * Bank of ...SHARETHIS.addEntry({ title: "Follow Berkshire Hathaway and Invest In The Financial Sector", url: "http://jutiagroup.com/2008/05/-06/follow-berkshire-hathaway-an-d-invest-in-the-financial-secto-r/" });
By: Jutia Group
2008 Berkshire Hathaway Meeting
2008-05-04 15:46:00 The place to be this weekend was Omaha, NE. Investors headed to the heartland to pick apart Warren Buffett and Charlie Munger’s brains. Although the media and blogs will provide great coverage, I had to give kudos to several sources for making things easier for those who could not make the trip to Omaha. First on ...
Berkshire net income falls 64 percent because of derivatives
2008-05-03 04:57:00 OMAHA, Neb. (AP) — Berkshire Hathaway Inc. said Friday its first-quarter profit fell 64 percent because it recorded an unrealized $1.6 billion pretax loss on its derivative contracts, and its insurance businesses generated lower profits. Berkshire reported net income of $940 million, or $607 per share, in the quarter ended March 31. That’s down significantly from ...
By: Latest News
Antique Eighteenth-Century Map of Berkshire, from The Antiquities of Englan
2008-04-26 06:38:00 BERKSHIRE Drawn from the Best Authorities and Regulated by Astronomical Observations By T. Kitchin Geogr. This 1786 (approx.) map includes Reading, Abingdon, Faringdon, Wantage, Wallingford, East Ilsley Lamborn, Hugerford, Newbury, Okingham, Windsor, Henley, Maidenhead and many more places.(read more...)
Limo Berkshire By Devinder Patel
2008-03-16 05:04:00 Abfab Limos the finest Limo rental firm in Middlesex would like to invite old and new clients to book their Royal Ascot Limo and tickets now, as they are nearly sold out on Ladies Day and on the Friday also. Please book early so that you are not disappointed.This year the Royal Ascot Races VIP Package from Abfab Limos includes a prime parking spot by the race-course itself and the use of Picnic Tables, with Outdoor Seating attached, Sun Umbrellas and a Gazebo. Bring along your favorite food, drinks and music and absorb the splendid yearly atmosphere of this unique event. How about treating a new born baby and the proud mother to a Limo collection from the maternity ward straight to Home Sweet Home.Where else can you mix with Royalty, Celebrities, Super Rich and the Hoi Polloi than at the biggest event of the season. Come along it’s time to ring Mick or Alan on 0800 027 2115 right now and reserve a stupendous Limousine for your day at the ascot races in June.The first day of the 2008...
Berkshire Annual Letters 2001
2008-03-13 12:09:00 It has been a while since I last sumarised the annual letters that Warren Buffett writes to his shareholders. I was halfway through the 2001 letter, and will attempt to round it up here. In that year, Warren Buffett had lukewarm feelings about stocks for the rest of the decade. He felt that the market had ...
Algunos comentarios sobre Berkshire
2008-03-09 15:58:00 Un par de analistas dando su opinión en un reportaje sobre Berkshire, el holding inversor de Warren Buffet. http://www.youtube.com/watch?v=-gTLZlmkyc3o Por cierto, la semana pasada Buffet publicó su imprescindible carta anual a los accionistas de su compañía. Nota: Nosotros tenemos un par de acciones de Berkshire en la Cartera Gurú. Compártelo
By: Gurusblog
Brazilian Real a Profitable Investment for Berkshire Hathaway
2008-03-02 05:01:00 Billionaire investor Warren Buffett has made his money in the past by selling insurance policies and investing his revenue in stocks, bond and various companies. However, a relatively recent offshoot to his capital allocation practices has be waging against the U.S. dollar by buying multiple foreign currencies - most notably the Brazilian real. In the time ...
By: Informant Zone
Berkshire Hathway 2007 Annual Letter Quotes
2008-03-01 15:48:00 Below are a couple quotes from the Berkshire Hathaway 2007 Shareholder Letter. The words speak for themselves…
Berkshire Hathaway Big Numbers Again!
2008-03-01 04:05:00 Berkshire Hathaway has huge numbers. The question everybody has is how long can Berkshire Hathaway keep showing returns this high? No need to look for an answer Berkshire Hathaway main man Warren Buffett says not to count on double digit returns in the near future. In this great post Warren Buffett explains why in the future18 Zoom(s)
Berkshire Hathaway Now Largest Shareholder of Kraft Foods
2008-02-17 17:04:00 Warren Buffet's Berkshire Hathaway has become the largest shareholder of Kraft Foods controlling 8.6 percent of the company. According to Tom Russo, Manager at Gardner Russo & Gardner, stated that "Kraft's a portfolio of iconic brands in a company that was undermanaged for quite a long time." Warren Buffet has been acquiring a lot of companies recently at discount prices, and his stock picks are often followed by investors who watch his every move. Using the that strategy over the last 25 years would have netted an annualized return of 25 percent more then double the S&P 500. Krafts Foods traded up 6.9 percent, their largest one day gain since June 2001.
Catch-and-release ice fishing may be profitable - Berkshire Eagle
2008-01-27 10:01:00 Catch-and-release ice fishing may be profitableBerkshire Eagle, MA -11 hours agoSome summer bass anglers, who release all of their fish, cringe every time there is an ice fishing derby. They are concerned that the lakes are being … More: continued here © The Pro Fisher Guy for Pro Bass Fishing Strategies, Tips, Info and Secrets, 2008. | ...
Berkshire Hathaway Assurance Insures Bonds
2008-01-10 04:15:00 Berkshire Hathaway Assurance, Warren Buffett’s newly setup bond insurance firm, has insured bonds for the first time on Tuesday. It was reported by Reuters that Goldman Sachs bought insurance for their $10 million worth of bonds from New York City. Both Raymond Orlando and Mike Duvally, the spokesman of New York City office of management and Goldman ...
Barron's Pans Buffett's Berkshire
2007-12-17 20:22:00 When I heard the media reporting that the Barron's cover story this weekend was a piece warning investors that shares of Berkshire Hathaway (BRKA) were overvalued, I was both surprised and in agreement. I think many publications would avoid panning Berkshire's investment merits, even if they believe the stock to be too high, just because we are talking about the greatest investor who has ever lived. On the other hand, the case that BRK is overvalued is pretty strong, so from that standpoint, Barron's might be doing investors a favor by pointing it out.I didn't read the full article, but the news wires are reporting that Barron's concluded that BRK is about 10% overvalued at current levels. I decided to take a quick look at the stock's valuation to see if I agreed with that. I was already aware that Berkshire's P/E was well above 20, which is why I do not own any shares in the company, but at that same time, one could surely argue that most of Berkshire's value should not be ...
December Events in The Berkshires
2007-12-07 19:12:00 Sterling and Francine Clark Art Institute Williamstown, MA. Printed Love. Eighteenth-century France had a flourishing market in artists? prints and illustrated books. Printed Love draws from Clark collections to provide a broad picture … ……
By: Fine Art Prints
Warren Buffett?s Video Tour of Berkshire Hathaway Headquarters
2007-12-03 07:21:00 CNBC’s Becky Quick recently traveled to Omaha, Nebraska to shoot additional material for her one-hour special focusing on Warren Buffett’s whirlwind tour of Asia. While Becky was there, Warren Buffett gave her a tour of the Berkshire Hathaway offices. He talked about some of the mementos he’s collected and their personal significance to him, and to ...
Where can I find an archive of Warren Buffetts Berkshire Hathaway letters?
2007-11-22 06:45:00 Im seeking a source of all of Warren Buffetts public letters writings and speeches.
By: nobosh Answers
Updates of Berkshire?s Holdings
2007-11-15 19:55:00 Here’s an update of the changes to Berkshire 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 ...
Berkshire Barometer's spraying gets going
2007-11-12 13:20:00 With his Berks autumn sowing completed Nigel Horne has just embarked on the main spraying programme at Catmore Farm, West Ilsley.
By: FWi - All News
Symetra Financial IPO - White Mountains and Berkshire Investors
2007-10-30 22:06:00 The long awaited IPO of Symetra Financial is finally here. White Mountains Insurance and Berkshire Hathaway each own 23% of Symetra. The assets in Symetra were purchased from Safeco Life in 2004.
Berkshire Hathaway of Warren Buffett reveals the pile of 10% with Scandinav
2007-10-15 04:51:00 Berkshire Hathaway of Warren Buffett reveals the pile of 10% with Scandinavian BurlingtonBerkshire Hathaway of Warren Buffett revealed a pile larger than of Scandinavian Fe 10% of Burlington Santa (BNI). By three subsidiary companies of insurance (Colombia, national, and marine allowance national of fire) Berkshire advantageously has 39.027.430 shares of Scandinavian ordinary actions of Burlington according to a classification of dryness makes Friday, April 6, 2007.The reported purchase most recent of Berkshire was made Thursday, 5 April, and was composed 1.219.000 bought shares with $81.18 part.At the time presenting the table familiar of the principal investment of Berkshire in its more recent letter at the shareholders, Buffett wrote:"we show below our investments of ordinary actions. With two exceptions, those which had a commercial value of more than $700 million at the end of 2006 are detailed. We do not detail the values concerned, which have a commercial value of $1.9 billio...
Berkshires Charles Munger Donates Over $20 Million in Stock to Pair of LA-A
2007-09-18 18:09:00 Warren Buffet's investing partner and Berkshire Hathaway Vice-Chairman Charles Munger has made a couple of very big donations to a pair of schools in the Los Angeles area, where he resides. Munger donated 90 shares of Berkshire Class-A stock to the all-girls Marlborough School in Los Angeles and another 90 shares to the Polytechnic School in Pasadena. At the current market price, each donation of 90 shares is worth close to $11 million. The filings says the donations were made on September 13, 2007.
Berkshire Hathaway Raises Railroad Stake
2007-08-31 17:02:00 Warren Buffett's company has bought 10.1 million shares of Burlington Northern Santa Fe Corp. since Thursday, increasing the legendary investor's stake in the nation's No. 2 railroad to nearly 14.8 percent. Berkshire said National Indemnity now holds 26.1 million shares, Columbia Insurance Company holds 24.7 million shares and National Fire & Marine Insurance Company holds 1.3 million shares. Because the purchases are by subsidiaries, it's not clear whether Buffett himself made the decision to buy. Buffett has said in the past tha
Berkshire Buys Dow Jones Shares
2007-08-28 18:14:00 Billionaire Warren Buffett's holding company bought nearly 2.8 million shares of Dow Jones & Co. earlier this year before Rupert Murdoch sealed his deal to buy the Wall Street Journal's publisher. Berkshire Hathaway Inc. filed its quarterly summary of its $61.1 billion portfolio of U.S. stocks with the Securities and Exchange Commission on Tuesday. The filing did not state how much Berkshire paid for the Dow Jones shares, which closed at $36.33 the day before news of Murdoch's $60-per-share offer became public May 1. Berkshire bought
Berkshire Annual Meeting - A Sports Classic?
2007-08-24 08:10:00 More humour by Warren Buffett in his letters: The Omaha Golden Spikes will meet the Iowa Cubs on Saturday evening, May 1st, at Rosenblatt Stadium. Your Chairman, whose breaking ball had the crowd buzzing last year, will again take the mould. This year I plan to introduce my “flutterball”. It’s a real source of irritation to ...
Investment Ideas from Berkshire Hathaway?s Portfolio
2007-08-23 16:58:00 On August 14, 2007, Berkshire Hathaway filed with SEC its second quarter Form 13F. For the quarter ending June 30, 2007, Berkshire reported 40 stock holdings in its portfolio, including American Express (AXP) American Standard Cos. (ASD) Ameriprise Financial (AMP) Anheuser-Busch (BUD) Bank of America (BAC) Burlington Northern (BNI) Coca-Cola (KO) Comcast CMCSA (CMCSK) Comdisco (CDCO) ConocoPhillips (COP) Costco Wholesale (COST) Dow Jones (DJ) First Data (FDC) Gannett (GCI) General ...
Investment Ideas from Berkshire Hathaway?s Portfolio
2007-08-23 16:58:00 On August 14, 2007, Berkshire Hathaway filed with SEC its second quarter Form 13F. For the quarter ending June 30, 2007, Berkshire reported 40 stock holdings in its portfolio, including American Express (AXP) American Standard Cos. (ASD) Ameriprise Financial (AMP) Anheuser-Busch (BUD) Bank of America (BAC) Burlington Northern (BNI) Coca-Cola (KO) Comcast CMCSA (CMCSK) Comdisco (CDCO) ConocoPhillips (COP) Costco Wholesale (COST) Dow Jones (DJ) First Data (FDC) Gannett (GCI) General ...
Alt Berkshires: Some Choices in Funds
2007-08-13 18:22:00 If you are like most of the world, you may not be able to purchase a share of Berkshire Hathaway, at least not the A shares. Andy Kern is a graduate student and teaches The Investment Strategy of Warren Buffett at the University of Missouri - Columbia. He has given us a few funds that closely mimic the Oracle of Omaha and breaks down the funds. Case # 1 - Weitz Funds - Not surprisingly, Berkshire Hathaway the number one holding in three of the four marquee funds. Other top holdings include the Washington Post, Wal-Mart and AIG, all of whic
Legal blow for Alzheimer's patients - icBerkshire
2007-08-10 19:08:00 Legal blow for Alzheimer's patientsicBerkshire, UK-60;-14 minutes agoCampaigners battling for Alzheimer's sufferers to have access to anti-dementia drugs on the NHS in the early stages of the disease have suffered a High … More: continued here
Berkshires Net Rises 33 Pct On 13 Pct Revenue Growth
2007-08-10 07:42:00 Berkshire Hathaway saw its net income climb 33% during 2Q07 on a strong performance by its insurance-underwriting business. Revenue climbed just 13% but a 70% jump in its insurance-underwriting operating income helped pad earnings growth. Weakness in Berkshire's U.S. construction and housing-related businesses tempered what would have been even further gains. Total net was $3.118 billion, good for EPS of $2,018, versus consensus estimates of just $1,444.18 a share. Revenue during the quarter was $27.35 billion, compared with $24.19 billion a
Berkshire Contribution to the Treasury
2007-08-08 17:29:00 Joke by Warren Buffett Berkshire truly went all out for the Treasury last year. In connection with the General Re merger, we wrote a $30 million check to the government to pay an SEC fee tied to new shares created by the deal. We understand that this payment set an SEC record. Charlie and I are ...
Being Managed by Berkshire Hathaway
2007-08-06 19:19:00 Berkshire Annual Letter 1998 (Part 1) Being owned by Berkshire can make the best of managers even more effective. All the ritualistic and non-productive activities like board meetings, press interviews, presentations by investment bankers or talks with financial analysts that go with the job of CEO are eliminated. Managers are given a simple mission. Run the business ...
Berkshire Hathaway Inc. (BRK-A) Profit Rises 33 Percent
2007-08-03 23:26:00 Billionaire Warren Buffett's holding company Berkshire Hathaway Inc. reported Friday that its net income jumped nearly 33 percent during the second quarter because of strong performance from its...
By: Jim Cramer Blog
Berkshire Hathaway Trims PetroChina Stake
2007-08-03 22:01:00 Berkshire Hathaway Inc., the company run by billionaire Warren Buffett, cut its stake in PetroChina Co. to 10.96% from 11.05%, but remains the second-largest shareholder in the biggest listed Chinese oil and gas producer. Read Original Post Here
BBC Integrates Google Maps To Show Berkshire Floods
2007-07-26 11:53:00 As floods take toll of lives in Berkshire, BBC integrates Google Maps into its news to alert readers of inundated areas etc, reports informs Google Latlong. (...)
Gates Owns 8 Pct of Berkshire Hathaway
2007-07-23 16:52:00 Bill Gates reported an 8% stake in Berkshire Hathaway (NYSE:BRK A)through his charitable foundation and investment firm. According to a filing with the Securities and Exchange Commission, the Bill and Melinda Gates Foundation received 475,000 Class B shares as a gift from Buffett on July 9. Additionally, Gates holds 300 shares of Class A common stock in Berkshire Hathaway directly, and 4,050 Class A shares through his investment firm Cascade Investment LLC. Each class A share is convertible into 30 shares of Class B common stock, giving
Twenty Years of Berkshire Annual Reports!
2007-07-20 19:15:00 I’m done with the summary of the 1997 reports! That makes it twenty years from 1977 to 1997. Ten more years to catch up with the present 2007 report. To all my readers, thank you for your support. Here are my plans for the future: 1) Outstanding Warren Buffett’s letter in Berkshire annual reports 2) Warren Buffett partnership letters 3) The ...
Is Berkshire Hathaway a Buy at $111,000?
2007-07-19 19:21:00 When I first read this article, I wasn't sure what to think about it. Joe Ponzio took a very subjective approach to valuing Berkshire Hathaway and for that I think he is at least following Warren Buffett's methodology. As Buffett himself has said, "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right." Joe Ponzio shows us that shareholder equity for Berkshire has grown roughly 8.8% a year over the past ten years and that it has a net worth of $108.4 billion. Fr
Ash the Russian Blue Berkshire Rat
2007-06-28 16:16:00 Here’s what Nicole says about Ash: “My favorite girl rattie just had a litter and this is one of my favorites out of that litter. His name is Ash and he’s only 15 days old. He is a russian blue berkshire rat. He is just soooo cute. I love him. He’ll lay in my lap and ...
Berkshire Immigration Whining
2007-06-07 14:26:00 Derek Gentile pens a story in today's Berkshire Eagle lamenting the strong arm tactics of local law enforcement officials concerning immigrants in the county. Apparently, some LE types are more concerned with a person's citizenship status then the offense committed, if I gather the gist of the story correctly. My take on this is as follows: If you are here in the good ol' U.S. of A. LEGALLY, then you should have no problem verifying your status to any LE official who inquires about it. The people in the story who are whining the loudest seem to have all been here ILLEGALLY, because they are being detained for deportation. I'm relatively sure people of other countries are not being singled out and there is no immigration profiling going on here. It's just some good LE officials doing their jobs correctly, in my humble opinion.
By: The Blazer Blog
Berkshire Hathaway 2006 Annual Report
2007-06-03 00:00:00 I enjoy reading the Chairman's Letter in every annual report. Whether you are savy when it comes to corporate finance or not, everyone can get learn something about the global economy. Jacob Gold.
By: Jacob Gold
Berkshire????
2007-05-04 02:12:00 Doesn't Huw Edwards know I hark from the rolling hills of Merthyr?Nuff said.*An email tells me that it may not be clear in the studio that I am simply relaying comments and emails from visitors to my blog. Apparently it seems like I'm accusing Huw Edwards of accent fraud. No way, I think it's lovely.
Confit of Berkshire Pork Belly with Fennel and Apple
2007-04-12 18:58:00 Pork and apples and fennel.. how wrong can one get? Not very I suppose. Ye old trusted combination, reworked time and again by cooks all over. Indeed, there is good reason why the term "classic pairings" exists. The pork was marinated with rosemary, bay leaves, pepper and lots of salt and sugar overnight. The next day, it was drained and rinsed twice. Then, the meat was submerged in oil (or lard) and baked in a 120 degree celsius oven for 3 hours. When done, it was left to cool in the fat, and stored for a week in the fridge to allow the tasty flavours to fully develop, just as with all other confits. Pan fry the pork when needed, simply to warm through and crispen the skin. I dished it up with shaved fennel and apples dressed with a mustard vinaigrette (mustard goes well with pork too!). I also added caramelised apple and chorizo sausage slices to make it a meal fit for a hungry man like myself.Technorati tags: food and drink, food, brisbane, food blogs, slow food, kitchen expediti...
By: Eat Brisbane
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