Money and Finance
Upstart Managers School Sage of Omaha
The pupils are beating the master at Warren Buffett-led Berkshire Hathaway Inc.
Two investment managers, hired by the 83-year-old billionaire in recent years as part of his succession plan, each posted returns last year that outdid both Mr. Buffett's performance as Berkshire's top stock picker and the Standard & Poor's 500-stock index, according to people familiar with the matter.
The 2013 returns mark the second year in a row that the two men beat the broader market gauge, which gained 32% including dividends last year, as well as their boss. The people wouldn't say by how much the two outperformed the market in 2013, but the year before, they each beat the S&P by a double-digit margin, Mr. Buffett said in his 2012 annual letter to shareholders.
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Warren Buffett On Cnbc
Links to videos: Berkshire Hathaway celebrates 50 years Who will succeed Warren Buffett? #Ask Warren: Charlie Munger No surprises at IBM: Buffett Deere's long term attraction: Buffett #Ask Warren: Glenn Close What's inside Berkshire Hathaway?...
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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...
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Links
Buffett admits Tesco investment ‘a huge mistake’ (LINK) Billionaire investor Warren Buffett has admitted that his seven-year bet on Tesco was a “huge mistake” in a frank mea culpa by the so-called Sage of Omaha. The chairman of Berkshire...
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Buffett Pulls Ahead In Wager Against Hedge Funds
Found via the Corner of Berkshire & Fairfax. It's halfway time in the 10-year stock market wager sometimes called The Million-Dollar Bet—that's Warren Buffett backing the performance of an S&P index fund vs. a New York money manager...
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A Disciplined And Driven 'connect-the-dots' Investor
Two days ago, Richard "Ted" Weschler was a successful but unsung hedge-fund manager in this city of 43,000 people hundreds of miles from Wall Street. Now, a day after the world learned that Mr. Weschler will be working as one of two investment managers...
Money and Finance