Warren Buffett News: Daily Digest

BERKSHIRE HATHAWAYBuffett Feasts on Goldman Scraps (WSJ)
But last year, anticipating new regulatory restrictions on proprietary trading and seeking to reduce the bank’s exposure to risky assets, Goldman loan traders unloaded hundreds of millions of dollars of leveraged loans at a loss, people familiar with the matter say. Making matters worse, many of those loans have since jumped in value. Details of one trade in particular have recently caused a stir in the market. In November, Goldman sold about $85 million of loans in troubled newspaper publisher Lee Enterprises Inc. LEE +0.88% Goldman sold the debt at about 65 cents on the dollar, having bought it months before at around 80 cents, resulting in a loss of at least $13 million. The buyer: a unit of Warren Buffett’s Berkshire Hathaway Inc.

Why does Warren Buffett still have a ‘secretary’? (CNN)
If the word “secretary” doesn’t conjure up an image for you, just run a quick Google Image search.
The pencil in the mouth is a recurring motif, as are beaming women in headsets seated in front of computers. Images abound of women in low-cut blouses, legs crossed under tiny skirts, alongside head shots of Secretaries of State Madeleine Albright and Hillary Clinton. The women of “Mad Men” hold their ground next to bondage shots of Maggie Gyllenhaal from the movie “Secretary.”
Given its cultural baggage, the term “secretary” has been jettisoned over the past three decades. It’s why we won’t be celebrating Professional Secretaries Day on April 25, but rather, Administrative Professionals Day. Retiring the term made way for the “administrator,” “assistant” and “support staff” of today. (It’s tucked away with the word “stewardess.”)
Then why is it that billionaire Warren Buffett still has a secretary — with a higher tax rate, as we heard over and over again this week — and not an executive assistant?

How to Invest Like Warren Buffett (Fox Business)
Berkshire Hathaway chief executive Warren Buffet is widely considered to be one of the world’s wisest and most successful investors. Even if you don’t have $50 billion to invest with, taking a lead from the ‘Oracle of Omaha’ can pay big dividends. A valuable perspective into Warren Buffett’s investing style can be gained by looking at the annual report of his holding company, Berkshire Hathaway, says Paul L. Sloate, president and CEO of investment management firm Green Drake Partners. In it, Buffett outlines some of the key tenets of his investing philosophy.

UW business students to meet with Warren Buffett (Kulr8)
Nineteen University of Wyoming students will have the opportunity to meet with business icon Warren Buffett.
Attending the meeting on Friday are finance students in the UW College of Business.

Warren Buffett News: Most Hated Man in America (Insider Monkey)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!