Warren Buffett News: Berkshire Hathaway Inc. (BRK.A)’s Book, A Charity Auction, & DaVita HealthCare Partners Inc (DVA) Boom

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Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), DaVita HealthCare Partners Inc (NYSE:DVA), Moody’s Corporation (NYSE:MCO), Goldman Sachs Group, Inc. (NYSE:GS), General Electric Company (NYSE:GE), Bank of America Corp (NYSE:BAC)

Warren Buffett Coca-Cola Company (KO)New book teaches children ABCs of Buffett’s Berkshire Hathaway (NYDailyNews)
Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK.A) invests in dozens of businesses, and a new book tries to explain it all to young readers, from A to Z. Two Omaha residents, author Nancy Rips and illustrator Tom Kerr, have teamed up on “My First Berkshire ABC” to teach children about one of the world’s best-known companies, and a little about the local billionaire behind it. More than 1,000 copies were sold at Berkshire’s annual meeting on Saturday, which draws thousands of people to Omaha, and where Buffett has a say on what gets sold.

Buffett plans to auction lunch for charity in June (NECN)
Billionaire Warren Buffett will again auction off a private lunch to hopefully raise millions for a California homeless charity. The annual auction to benefit the Glide Foundation, which provides social services to the poor and homeless in San Francisco, was announced Wednesday. Last year’s winner paid $3,456,789 to dine with Buffett. The winning bids have topped $2 million for the past five years. Bidding for the lunch on eBay will begin on June 2 and continue through June 7. Buffett is chairman and CEO of Omaha, Neb.-based Berkshire Hathaway Inc. (NYSE:BRK.A) and a prominent philanthropist. He says he doesn’t think anyone is better at providing help than Glide.

DaVita Surges as Berkshire Standstill Seen as Possible Deal Path (BusinessWeek)
DaVita HealthCare Partners Inc (NYSE:DVA) rallied the most since 2010 after signing an agreement that was seen as setting a path for Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) to negotiate for a possible takeover. DaVita HealthCare Partners Inc (NYSE:DVA) jumped 8.6 percent to $127.63 at 12:37 p.m. in New York. The Denver-based company said late yesterday that Berkshire, with a stake of about 14 percent, approached about the possibility of increasing its holding.

Why I Have Never Said To Invest With Warren Buffett (Nasdaq)
I have never advised my readers to invest in Warren Buffett ‘s Berkshire Hathaway Inc. (NYSE:BRK.A). And it’s not because a single share of the Class A stock costs $164,690 or because I think it is overvalued , or any of the other usual reasons for that matter. The reason is actually quite simple. It’s because Warren Buffett has vowed time and time again to never pay Berkshire shareholders a cent in dividends. Consider this: In the most recent quarter, Berkshire Hathaway Inc. (NYSE:BRK.A) collected more than $1.35 billion in dividend and interest income from its holdings. Yet none of that money made its way back to shareholders.

The Worst Investment Of Warren Buffett’s Career (Forbes)
Warren Buffett is a hero to many investors, myself included. His record speaks for itself: 18.3% annualized returns in Berkshire Hathaway Inc. (NYSE:BRK.A)’s book value over the past 30 years compared to just 10.8% for the S&P 500. And his returns in the 1950s and 1960s, when he was running a much smaller hedge fund, were even better. Mr. Buffett is also quite generous with his investment wisdom, sharing it freely with anyone who cares to listen. But as with most things in life, failure is a better teacher than success. And Mr. Buffett has had his share of multi-billion-dollar failures. You want to know the biggest mistake of Buffett’s career?

Warren Buffett’s Career Tips to Young Women (BusinessWeek)
A relaxed Warren Buffett sat down on May 7 with Levo League co-founder Caroline Ghosn to share his advice on how to build a rewarding career. Along with the usual counsel to follow one’s passion and work hard, Buffett credited the Dale Carnegie course with having changed his life and said he expects to be impressed by Chelsea Clinton when they meet in a few days. In many ways, watching Buffett dispense wisdom to the twenty something women who make up much of Levo’s base is to witness him at his best: the decency, optimism, wisdom, and wit that have made him such a revered investor. But several of his statements also show why the Sage of Omaha is oblivious to some of the challenges these women face, from negotiating pay to finding a job that will reward the soul and support a family—or at least pay down their college debt.

Billionaire Warren Buffett finds new online venue to share career advice he offers students (WashingtonPost)
Investor Warren Buffett encouraged young workers to find jobs that they are passionate about, as he offered career advice online Tuesday on a variety of topics. Buffett regularly takes time out of his schedule every year to meet with groups of students from about 40 colleges to answer their questions on life and business. Tuesday’s online forum gave him the chance to offer advice to a broader audience. Buffett likes to compare what he does as chairman and chief executive of Berkshire Hathaway Inc. (NYSE:BRK.A) to painting a masterpiece on canvas, and because he loves what he does, it doesn’t feel like work. “I love painting on my canvas, and you’re lucky in life if you can find your passion,” Buffett said.

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