Berkshire Hathaway buys DaVita shares (Fox23)
Warren Buffett‘s company now owns 14.5 percent of kidney dialysis firm DaVita Inc. (NYSE:DVA)‘s stock Berkshire Hathaway Inc. (NYSE:BRK.A) reported its latest DaVita purchases Thursday in a filing with the Securities and Exchange Commission. Buffett’s Omaha-based conglomerate now owns 13.8 million shares of DaVita, which is based in Denver. Berkshire has been steadily adding to its DaVita investment since it first disclosed owning 2.7 million shares at the end of 2011. Since the start of October, Berkshire has increased its DaVita investment from 10 million shares to the current 13.8 million.
Wells Fargo Investor Payoff Requires Warren Buffett-Like Patience (TheStreet)
Wells Fargo & Company (NYSE:WFC) largest shareholder — Warren Buffett — has seen his investment in the bank recover to pre-crisis levels on steady gains posted by the nation’s top mortgage lender. Investors should take note of that fact in the wake of the bank’s record fourth-quarter profit, which raised some near-term earnings questions. Generally, today’s earnings show why Wells Fargo remains a best-in-class bank that has earned Buffett’s long term investing imprimatur. All three of Wells Fargo’s businesses, community banking, wholesale banking and wealth management grew profits from quarter-ago and year-ago levels.
Shaquille O’Neal to Guest Star on The Hub’s SECRET MILLIONAIRES CLUB, 1/20 (BroadWayWorld)
The HUB Television Network, one of the fastest growing basic cable networks, continues its series of specials focusing on the importance of teaching children the value of money with a new episode from the animated SECRET MILLIONAIRES CLUB Sunday, January 20 (9 A.M. ET). The series is created in partnership with and voiced by famed investor Warren Buffett. The half-hour animated series features a group of entrepreneurial kids who learn the basic principles of business through a series of adventures involving an animated version of Buffett. “Secret Millionaires Club” teaches kids the value of money through education and giving back to their local COMMUNITY.
Hooray! Warren Buffett Personally Guarantees the Safety of U.S. Banks (DailyFinance)
Finally, financial investors and taxpayers alike can sleep easier at night. Warren Buffett, one of the most respected investors in the world, has taken stock of the U.S. banking system and proclaimed it sound. Not only that, he personally guarantees it. According to Bloomberg, the CEO of Berkshire Hathaway said in a recent interview that steps taken by the country’s largest banks since the financial crisis — such as cost-cutting, and improving capital cushions — have made the financial system so safe that it is no longer a threat to the U.S. economy.
The 5 Dumbest Things on Wall Street This Week: Jan. 11 (TheStreet)
Say it ain’t so, Sokol! We knew you were a shady character, but we didn’t think you were this dark. One-time Berkshire Hathaway (BRK-A) big shot David Sokol mocked his former mentor, Warren Buffett, last Friday, scorning the billionaire investor after regulators cleared him of any wrongdoing regarding the trade that led to his March 2011 resignation. Sokol, in case you’ve forgotten, was once Buffett’s golden boy, as well as a leading candidate to succeed the octogenarian as chief of the $232 billion dollar holding company. He fell from grace, however, after it was revealed he personally bought a boatload of Lubrizol shares before pitching the chemical maker to Buffett as an ideal investment for Berkshire.
This Simple “Cheat Sheet” Tells You What Buffett’s Buying (StreetAuthority)
Imagine getting the chance to look over the shoulder of the world’s greatest investors as they go about their work, to get a glimpse of what Warren Buffett, George Soros or David Einhorn just bought or sold. You may be surprised to learn that there’s a little-known “cheat sheet” that can tell you this information, legally, with the click of a button. By looking at certain 13F filings, you would have known that in the third quarter of 2012, Buffett’s investment firm Berkshire Hathaway (NYSE: BRK-B) bought Deere (NYSE: DE), Precision Castparts (NYSE: PCP), WABCO Holdings (NYSE: WBC) and Media General (NYSE: MEG).