Money and Finance
- Berkshire Billionaire Found With More Shares Than Gates
Thanks to Matt for passing this along. Stewart Horejsi’s business was in a funk. It was 1980, and Brown Welding Supply LLC, his family’s third-generation distributor of hydrogen and oxygen tanks, was battling competitors that were intent on expanding...
- Berkshire Hathaway Buys Back $1.2 Billion Of Class A Stock
With the share repurchase ceiling increased to 120% of book value, Berkshire can now buy back A shares up to a little over $134,000 per share, and B shares up to a little over $89 per share. Berkshire Hathaway Inc (BRK-A) spent $1.2 billion buying back...
- Pensions Find Riskier Funds Fail To Pay Off
Thanks to Phil for passing this along. Searching for higher returns to bridge looming shortfalls,public workers’ pension funds across the country are increasingly turning toriskier investments in private equity, real estate and hedge funds. But while...
- Ron Peltier On King World News
Ronald Peltier: Chairman & Chief Executive Officer of HomeServices of America, Inc., a Berkshire Hathaway Affiliate - HomeServices of America is the nation’s second-largest full-service residential real estate brokerage firm and became the conduit...
- Team Spirit Turns Hockey Star Into Real Estate Czar
Lenders are collapsing, home sales and prices in many markets are falling and lots of investors are panicking. Not Warren Buffett. He told a group of his real estate managers late last month in Omaha that he sees this as a time of opportunity.-The man...
Money and Finance
How Wal-Mart’s Waltons Maintain Their Billionaire Fortune: Taxes
Found via the Corner of Berkshire & Fairfax.
America’s richest family, worth more than $100 billion, has exploited a variety of legal loopholes to avoid the estate tax, according to court records and Internal Revenue Service filings obtained through public-records requests. The Waltons’ example highlights how billionaires deftly bypass a tax intended to make sure that the nation’s wealthiest contribute their share to government rather than perpetuate dynastic wealth, a notion of fairness voiced by supporters of the estate tax like Warren Buffett and William Gates Sr.
Estate and gift taxes raised only about $14 billion last year. That’s about 1 percent of the $1.2 trillion passed down in America each year, mostly by the very rich, former Treasury Secretary Lawrence Summers estimated in a December blog post on Reuters.com. The contrast suggests “our estate tax system is broken,” he wrote.
- Berkshire Billionaire Found With More Shares Than Gates
Thanks to Matt for passing this along. Stewart Horejsi’s business was in a funk. It was 1980, and Brown Welding Supply LLC, his family’s third-generation distributor of hydrogen and oxygen tanks, was battling competitors that were intent on expanding...
- Berkshire Hathaway Buys Back $1.2 Billion Of Class A Stock
With the share repurchase ceiling increased to 120% of book value, Berkshire can now buy back A shares up to a little over $134,000 per share, and B shares up to a little over $89 per share. Berkshire Hathaway Inc (BRK-A) spent $1.2 billion buying back...
- Pensions Find Riskier Funds Fail To Pay Off
Thanks to Phil for passing this along. Searching for higher returns to bridge looming shortfalls,public workers’ pension funds across the country are increasingly turning toriskier investments in private equity, real estate and hedge funds. But while...
- Ron Peltier On King World News
Ronald Peltier: Chairman & Chief Executive Officer of HomeServices of America, Inc., a Berkshire Hathaway Affiliate - HomeServices of America is the nation’s second-largest full-service residential real estate brokerage firm and became the conduit...
- Team Spirit Turns Hockey Star Into Real Estate Czar
Lenders are collapsing, home sales and prices in many markets are falling and lots of investors are panicking. Not Warren Buffett. He told a group of his real estate managers late last month in Omaha that he sees this as a time of opportunity.-The man...