Warren Buffett News: Berkshire Hathaway Inc. (BRK.A), Keystone XL and Smith & Wollensky

Page 1 of 2

Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), NV Energy, Inc. (NYSE:NVE), Oracle Corporation (NASDAQ:ORCL), eBay Inc (NASDAQ:EBAY)

Warren BuffettWarren Buffett’s Berkshire buys another paper (TheAustralian)
Berkshire Hathaway Inc. (NYSE:BRK.A)‘s newspaper division BH Media Group yesterday said it would buy the Roanoke Times from Virginia’s Landmark Media Enterprises for an undisclosed sum. The amount is probably a “very low multiple of current earnings,” which is what Warren Buffett has said he considers an appropriate price for a newspaper. Analysts translate “low” as two to three times earnings. With a daily circulation of 76,000, the Roanoke paper is the newest addition to a stable of 28 dailies that Berkshire Hathaway Inc. (NYSE:BRK.A) has bought in the past year-and-a-half. Other papers include the Omaha World-Herald, the Winston-Salem Journal and the Richmond Times-Dispatch. Berkshire Hathaway Inc. (NYSE:BRK.A) also owns the Buffalo News, but it’s not part of BH Media Group.

Let’s remember: Warren Buffett’s power play is to make money (LasvegasSun)
Shouts of joy rang out among Nevada’s political elite on the news that an entity owned by famed investor Warren Buffett is buying the state’s electric monopoly, NV Energy, Inc. (NYSE:NVE). Here was the response of state Sen. Kelvin Atkinson, Democratic chairman of the Commerce, Labor and Energy Committee, on Twitter: “WOW the (majority leader) and I just got off the phone with Warren Buffett. What a vote of confidence for NV Energy, Inc. (NYSE:NVE) as he aquires (sic) NV Energy, Inc. (NYSE:NVE)! He is excited to be able to do business in the State of Nevada. He was married right here in NV Energy, Inc. (NYSE:NVE), 41 years ago!”

Warren Buffett Is Not Irreplaceable for Berkshire (Fool)
Is Warren Buffett irreplaceable? Can Berkshire Hathaway Inc. (NYSE:BRK.A) continue thriving without its genius leader? Buffett is clearly a unique person and an exceptional business leader, and he will be missed by all those who love the markets and investing … even more by Berkshire investors. However, given the size of the company, and its current approach to investing, Berkshire Hathaway Inc. (NYSE:BRK.A) will most likely continue making great investments and increasing shareholder value in the long term, even without Warren Buffett.

Warren Buffett Doesn’t Care About Keystone XL (DailyFinance)
When TransCanada first announced its plan to construct the Keystone XL pipeline, I’m sure company executives never thought it would wind up as one of the most polarizing environmental symbols in recent memory. Nor could they have predicted that the approval process would take, well, forever. The exceedingly long duration of that process has allowed the Keystone XL to grow from a large pipeline to a larger than life feedstock for environmental, political, and economic arguments, and even a conspiracy theory or two. Some have really taken to the notion, for example, that Warren Buffett has a hand in delaying the pipeline project in order to boost his railroad business.

How Warren Buffett Made His Fortune (InvestorPlace)
Most investors are familiar with Warren Buffet, who is the man in command at Berkshire Hathaway Inc. (NYSE:BRK.A). Buffett is one of the most successful investors of all time, with a net worth placing him somewhere in the top three richest people in the world. His partner in crime was Charlie Munger, who has worked with him for the past 50 years. While most investors are familiar with the story of Berkshire Hathaway Inc. (NYSE:BRK.A), few seem to know how exactly Buffett made his first millions, that catapulted him to Berkshire Hathaway Inc. (NYSE:BRK.A) and the companies and stocks he owns through it.

Page 1 of 2
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 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!