Money and Finance
- Warren Buffett On Cnbc As Berkshire Agrees To Buy Van Tuyl Group
Links to videos: Berkshire to buy Van Tuyl Group: Buffett It only takes one conversation with Buffett... Outlook on car sales promising Allianz CEO steps down Buffett buying stocks and businesses Coca-Cola's new pay plan makes great sense: Buffett...
- As Jeff Bezos Prepares To Take Over, A Look At Forces That Shaped The Washington Post Sale
Thanks to Lincoln for passing this along. The April 2013 interview with Graham is available HERE. On April 4, Donald E. Graham sat for a videotaped interview about how the Internet and digital technology had hammered and transformed the news business....
- John Mauldin: Unrealistic Expectations
"In the short run, the market is like a voting machine, tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine, assessing the substance [intrinsic value] of a company." – Benjamin Graham Way back...
- For Jeff Bezos, A New Frontier
Found via Abnormal Returns. A newspaper represents not just a business but a “public trust,” Washington Post Co. chairman and chief executive Donald E. Graham has said more than once. In other words, the values that matter in owning a newspaper go...
- Berkshire Hathaway And Geico: An M&a Case Study
In striking contrast to the problematic M&A track record of many firms, financier Warren Buffett, the Chairman and CEO of Berkshire Hathaway, has been a remarkably successful acquirer. There can be many reasons for this contrast, but a key one is...
Money and Finance
The 1975 Buffett memo that saved WaPo's pension
FORTUNE -- One of the (many) things that surprised people about the recent $250 million sale of the Washington Post to Amazon (AMZN) founder Jeff Bezos was the health of the Washington Post's pension plan. At a time when most pension plans are struggling, the Post has $1 billion more than it needs. (As part of the deal, Bezos is getting $333 million for the new newspaper company's pension fund, which Post chairman Don Graham says is $50 million more than Bezos needs to meet his current obligations.) Graham told Fortune there are two words that explain why: Warren Buffett.
In October 1975, Buffett sent The Washington Post's (WPO) then chairman and CEO Katharine Graham a memo about the brewing problems in pension plans, and Buffett's suggestions for how the Post could avoid them. Graham took Buffett's advice, and the rest ... you know. For a story in the current issue of Fortune, Buffett talked about the story of the Washington Post'spension plan ("Kay Graham was a smart woman," says Buffett) and shared for the first time publicly the letter that he sent Graham.
- Warren Buffett On Cnbc As Berkshire Agrees To Buy Van Tuyl Group
Links to videos: Berkshire to buy Van Tuyl Group: Buffett It only takes one conversation with Buffett... Outlook on car sales promising Allianz CEO steps down Buffett buying stocks and businesses Coca-Cola's new pay plan makes great sense: Buffett...
- As Jeff Bezos Prepares To Take Over, A Look At Forces That Shaped The Washington Post Sale
Thanks to Lincoln for passing this along. The April 2013 interview with Graham is available HERE. On April 4, Donald E. Graham sat for a videotaped interview about how the Internet and digital technology had hammered and transformed the news business....
- John Mauldin: Unrealistic Expectations
"In the short run, the market is like a voting machine, tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine, assessing the substance [intrinsic value] of a company." – Benjamin Graham Way back...
- For Jeff Bezos, A New Frontier
Found via Abnormal Returns. A newspaper represents not just a business but a “public trust,” Washington Post Co. chairman and chief executive Donald E. Graham has said more than once. In other words, the values that matter in owning a newspaper go...
- Berkshire Hathaway And Geico: An M&a Case Study
In striking contrast to the problematic M&A track record of many firms, financier Warren Buffett, the Chairman and CEO of Berkshire Hathaway, has been a remarkably successful acquirer. There can be many reasons for this contrast, but a key one is...