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Posted
Aug 25 2008, 09:56 AM
by
Kim Peterson
Rating:
The Malaysia Star interviews Robert Miles, author of three books about Warren Buffett. Miles has spent 10 years studying Buffett, and offers some tips on how to think like one of the world's greatest investors. So what's the Buffett strategy? Here are the steps, according to Miles: Find a stock's value. Don't let the market determine a stock's value for you. Calculate the value of a share on your own, and then figure out the best price to pay for it.
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Posted
Jun 10 2008, 01:02 PM
by
Matt Koppenheffer
Rating:
For those familiar with Berkshire Hathaway's Warren Buffett, it probably doesn't come as a shock that he's not keen on the idea of modern hedge funds and funds of hedge funds. In fact, if we flip back to Buffett's 2006 letter to Berkshire shareholders, we can read an amusing story that illustrates why investors are best off avoiding high fee money managers like the plague.
Now Buffett is putting his money where his mouth is -- literally. Fortune's Carol Loomis recently revealed a wager that Buffett has set up with funds of hedge funds manager Protégé Partners that pits the S&P 500 index against funds of hedge funds. Specifically, the bet, which is being managed by Long Bets, reads "Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses."
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Posted
Apr 28 2008, 01:00 PM
by
Matt Koppenheffer
Rating:
"Classic Buffett." Those were the words that The Wall Street Journal's Deal Journal tagged onto the $23 billion deal for William Wrigley Jr. Candy maker Mars is buying the bulk of the company, but Berkshire Hathaway is taking a $2.1 billion minority interest in the deal and has also offered $4.4 billion in subordinated debt financing.
The beautiful thing about this deal, though, is that it shows once again what makes Buffett, well, Buffett. It's a crazy market out there right now and there have been any number of rumors swirling as to where The Oracle of Omaha might throw some of his Berkshire billions. Certainly it wouldn't be something outside of his circle of competence like solar cells or software. He's not known for chasing after the hottest sectors either, so it's not surprising he hasn't been buying into mining or potash. And every rumor so far of him backing up one of the struggling financials has fallen flat.
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Posted
Mar 06 2008, 05:18 PM
by
Matt Koppenheffer
Rating:
With the release of Forbes' most recent list of the world's billionaires, Berkshire Hathaway chief Warren Buffett has taken the top spot. According to Forbes, Mr. Buffett's current net worth stands at a whopping $62 billion. Most of the fortune is in shares of Berkshire Hathaway stock, which has risen nearly 28% in the past year while the rest of the market has tanked. In 2006, Mr. Buffett pledged a big chunk of his wealth to the Bill and Melinda Gates foundation.
"Only" $2 billion behind at the number two spot on Forbes' list is Mexican magnate Carlos Slim. Mr. Slim started his rise to the top of the charts by purchasing Telefonos de Mexico, but it's been the soaring stock of mobile phone giant America Movil that has been driving his bank account in recent years.
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Posted
Mar 06 2008, 08:58 AM
by
Matt Koppenheffer
Rating:
With the release of Forbes' most recent list of the world's billionaires, Berkshire Hathaway chief Warren Buffett has taken the top spot. According to Forbes, Mr. Buffett's current net worth stands at a whopping $62 billion. Most of the fortune is in shares of Berkshire Hathaway stock, which has risen nearly 28% in the past year while the rest of the market has tanked. In 2006, Mr. Buffett pledged a big chunk of his wealth to the Bill and Melinda Gates foundation. "Only" $2 billion behind at the number two spot on Forbes' list is Mexican magnate Carlos Slim. Mr. Slim started his rise to the top of the charts by purchasing Telefonos de Mexico, but it's been the soaring stock of mobile phone giant America Movil that has been driving his bank account in recent years.
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Posted
Feb 19 2008, 12:30 PM
by
Matt Koppenheffer
Rating:
For most investors, the big news coming from Berkshire Hathaway and Warren Buffett last week was the $800 billion that Buffett offered to insure municipal bonds. With the traditional muni bond insurers like Ambac and MBIA struggling with the ongoing credit and mortgage crisis, there has been real concern over the future of muni bonds and the municipalities that depend on them for capital.
But that wasn't all that was happening at Berkshire. Last week the company also announced that it had taken sizeable positions in Kraft Foods, GlaxoSmithKline, and Trane.
When you're an investor as successful as Mr. Buffett, you're bound to find people following the big moves that you make, and that's nearly always the case with announcements like these. Of the three, Kraft saw the most action as shares jumped nearly 7%.
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Posted
Dec 27 2007, 01:08 PM
by
Matt Koppenheffer
Rating:
With so much speculation over what would be the next big move from Berkshire Hathaway's Warren Buffett, his announced purchase of a 60% stake in Marmon may have been a bit of a letdown for public market investors. After all, rumors this year included him taking big positions in Countrywide Financial and Bear Stearns -- both of which might've made investors reconsider the state of financial services stocks.
As it is, the purchase is being seen as a vote of confidence for America in general from Buffett. And what of nobody seeing this one coming? Let's be serious here, Buffett's original thinking and great secrecy ahead of his investments have led to his great success -- if every Tom, Dick, and Harry had real insight into what he was planning to do, Warren might be in trouble
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