Money and Finance
- Berkshire Avoids Rout As Buffett Sidesteps Bonds
Warren Buffett’s preference for buying stocks and whole companies rather than bonds is helping Berkshire Hathaway Inc. (BRK/A) weather a spike in interest rates better than other insurers. Book value rose 2 percent to about $122,900 per Class A share...
- Detroit Aftershocks Will Be Staggering – By Meredith Whitney
She was also on CNBC yesterday discussing this topic HERE. As jarring as the reality may be to accept, Detroit’s decision last week to declare bankruptcy should not be regarded as a one-off in the US municipal market – which is what the bond-peddlers...
- Buffett's Latest Bargain: Berkshire Hathaway
For all the adulation he receives, Warren Buffett isn't getting credit where it arguably counts the most: his company's share price. Berkshire Hathaway's Class A shares trade around $128,000 a share. While that's a big number, it's...
- Ajit Jain On Cnbc
Berkshire Hathaway shocked the world when it jumped into the bond insurance business, and Ajit Jain, president of the reinsurance and specialty risk division at Berkshire Hathaway, discusses the new venture. (Video) ...
- Buffett Buys Reinsurer; Bond Venture Rumored
The Oracle of Omaha is picking up a Dutch reinsurance business on the cheap.-Dutch financial services firm ING on Friday announced the sale of its NRG reinsurance unit to billionaire investor Warren Buffet's Berkshire Hathaway for 300 million euros...
Money and Finance
GuruFocus: Berkshire Hathaway Pulls Out Of Municipal Bond Insurance
The municipal bond insurer that Berkshire Hathaway formed in 2007 has largely pulled out of insuring new bonds issued by cities and states, Barron's reports in this week's edition.
Berkshire Hathaway Assurance Co. was formed during the struggles of MBIA and Ambac to insure the bonds of municipalities and states. At the time it was seen as a brilliant way for
But as Barron's points out, "cash-strapped cities and states have been forcing premiums down." Warren Buffett never takes on a risk that he doesn't get well compensated for, and he's apparently decided that municipal bond insurance isn't a good bet at these premium levels.
- Berkshire Avoids Rout As Buffett Sidesteps Bonds
Warren Buffett’s preference for buying stocks and whole companies rather than bonds is helping Berkshire Hathaway Inc. (BRK/A) weather a spike in interest rates better than other insurers. Book value rose 2 percent to about $122,900 per Class A share...
- Detroit Aftershocks Will Be Staggering – By Meredith Whitney
She was also on CNBC yesterday discussing this topic HERE. As jarring as the reality may be to accept, Detroit’s decision last week to declare bankruptcy should not be regarded as a one-off in the US municipal market – which is what the bond-peddlers...
- Buffett's Latest Bargain: Berkshire Hathaway
For all the adulation he receives, Warren Buffett isn't getting credit where it arguably counts the most: his company's share price. Berkshire Hathaway's Class A shares trade around $128,000 a share. While that's a big number, it's...
- Ajit Jain On Cnbc
Berkshire Hathaway shocked the world when it jumped into the bond insurance business, and Ajit Jain, president of the reinsurance and specialty risk division at Berkshire Hathaway, discusses the new venture. (Video) ...
- Buffett Buys Reinsurer; Bond Venture Rumored
The Oracle of Omaha is picking up a Dutch reinsurance business on the cheap.-Dutch financial services firm ING on Friday announced the sale of its NRG reinsurance unit to billionaire investor Warren Buffet's Berkshire Hathaway for 300 million euros...