Warren Buffett News: Berkshire Hathaway Inc (BRK.A) sells 2 short-line railroads

Page 2 of 2

Warren Buffett’s 4 Tips For Closing The Deal (BusinessInsider)
Small businesses have limited resources and every decision is crucial. You need to know when to jump on an opportunity and when it’s too good to be true. And no one knows how to do this better than uber businessman Warren Buffett. In the book “How To Close A Deal Like Warren Buffett,” authors Tom Searcy and Henry Devries examine Buffett’s decision-making traits to see what he looks for when closing deals. “Warren is famous for doing enormous deals with as little information as a few pages of business plans and the standard financials that a company would submit to a bank in order to qualify for a loan,” Searcy and Devries write, adding that business leaders can use this set of principles and effective strategies to gain “explosive, major growth” for their own businesses. Here are four ways to follow Buffett’s lead when it comes to closing deals for your own company.

BYD China sets eyes on Europe and US with electric bus K9 (RushLane)
China’s battery and electric vehicle company – BYD Co. Ltd is all set to set up a plant in California in 2013 from where they will be producing all electric buses. The exact location is yet to be announced but the Warren Buffett backed company will set the plant in motion during the coming year with a capacity to produce between 50 to 100 all electric buses by 2014. Production capacity will exceed 500 K9 electric buses by 2015. Managerial and other position at the California plant will involve local residents though some parts and production lines will come from China. BYD K9 all electric buses have already passed road tests and are expected to come in with a price tag of $550,000 (Rs 3.01 crores) to $600,000 each. Once they enter US markets, they will be first used by Apple Inc‘s HQ in Cupertino, California, LA International Airport and Stanford University.

Buffett: America’s Seen Worse Problems than Fiscal Cliff (GNom)
Warren Buffett says he’s optimistic the nation’s debt problems will be solved, despite the political fighting that’s threatening to put the country over the “fiscal cliff.” “In the end, 535 people in Washington will not thwart the wishes of 312 million Americans,” Buffet said on BBC Radio 4’s “Today” program. “The United States is richer than it’s ever been. We have $50,000 or so of GDP per person. But we’ve overpromised and we’ve also under taxed to some extent, so we find ourselves with this great fiscal imbalance. But it was man made. We’re a rich country. It can be solved. … We’ll be able to overcome this problem. America has faced a lot tougher problems than this one. We’ll get it solved.”

Page 2 of 2