Money and Finance
- Warren Buffett Looks Ahead To Berkshire’s Next 50 Years
Link to article: Warren Buffett Looks Ahead to Berkshire’s Next 50 Years Warren Buffett says that lately he’s been pondering the future of Berkshire Hathaway Inc. more than usual. Like in years past, he has been busy composing his annual letter to...
- Tom Russo Barron's Interview
Found via Canadian Value Investing. When it comes to industries like tobacco, beer, and spirits, few investors are better versed than Thomas Russo. A partner at Gardner Russo & Gardner in Lancaster, Pa., Russo manages $5 billion, including the $500...
- Buffett Reveals Warts As He Prepares Annual Letter
Warren Buffett bought oil stocks near the peak of an energy boom, declined to spend $35 million on a growing television station and swapped a Berkshire Hathaway Inc. (BRK/A) stake for a shoe company he later said was worthless. In each case, shareholders...
- Berkshire Struggles With Being Ignored
Thanks to Barry for passing this along.By Warren Buffett's reckoning, his company had a good 2011. But you would hardly know it to look at Berkshire Hathaway Inc.'s stock price. When Mr. Buffett releases his annual letter to shareholders on Saturday,...
- Berkshire Hathaway Raisess Tesco Stake To 5.1%
Billionaire investor Warren Buffett increased his stake in Tesco Plc (TSCO) to 5.08 percent after a slump in the share price of the U.K.’s largest supermarket chain. Buffett’s Berkshire Hathaway Inc. (BRK/A) raised the holding from 3.21 percent and...
Money and Finance
Berkshire Seen Failing Buffett 5-Year Test for First Time
Warren Buffett probably missed his target for the first time in 44 years.
Berkshire Hathaway Inc., his $292 billion company, is poised to report that it failed to increase net worth more rapidly than the Standard & Poor’s 500 Index during the past five years, according to analyst estimates. It would be the first time the billionaire investor fell short of the goal since he took over the Omaha, Nebraska-based company in 1965.
Buffett, 83, highlights the comparison as a way for shareholders to evaluate his performance against a low-cost fund that tracks the index. The S&P 500 returned 128 percent including dividends since the end of 2008, fueled by the Federal Reserve’s stimulus efforts and higher corporate profits. Berkshire’s book value per Class A share, Buffett’s yardstick, rose 80 percent to $126,766 starting at the same point until Sept. 30, the latest data available.
“He’s been awfully honest” by keeping the goal the same, said Tom Russo, a partner at Berkshire investor Gardner Russo & Gardner. “He didn’t pick it because it was an easy benchmark.”
- Warren Buffett Looks Ahead To Berkshire’s Next 50 Years
Link to article: Warren Buffett Looks Ahead to Berkshire’s Next 50 Years Warren Buffett says that lately he’s been pondering the future of Berkshire Hathaway Inc. more than usual. Like in years past, he has been busy composing his annual letter to...
- Tom Russo Barron's Interview
Found via Canadian Value Investing. When it comes to industries like tobacco, beer, and spirits, few investors are better versed than Thomas Russo. A partner at Gardner Russo & Gardner in Lancaster, Pa., Russo manages $5 billion, including the $500...
- Buffett Reveals Warts As He Prepares Annual Letter
Warren Buffett bought oil stocks near the peak of an energy boom, declined to spend $35 million on a growing television station and swapped a Berkshire Hathaway Inc. (BRK/A) stake for a shoe company he later said was worthless. In each case, shareholders...
- Berkshire Struggles With Being Ignored
Thanks to Barry for passing this along.By Warren Buffett's reckoning, his company had a good 2011. But you would hardly know it to look at Berkshire Hathaway Inc.'s stock price. When Mr. Buffett releases his annual letter to shareholders on Saturday,...
- Berkshire Hathaway Raisess Tesco Stake To 5.1%
Billionaire investor Warren Buffett increased his stake in Tesco Plc (TSCO) to 5.08 percent after a slump in the share price of the U.K.’s largest supermarket chain. Buffett’s Berkshire Hathaway Inc. (BRK/A) raised the holding from 3.21 percent and...