Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), Microsoft Corporation (NASDAQ:MSFT), America Movil SAB de CV (ADR) (NYSE:AMX), Dell Inc. (NASDAQ:DELL), eBay Inc (NASDAQ:EBAY), Apple Inc. (NASDAQ:AAPL)
Finding The Next Warren Buffett: Mike Koza (Forbes)
So far in our search for the next Warren Buffett we’ve looked at Justin Uyehara, a swing trader, and Kai Petainen, a quant. This time we are going to look at Mike Koza, a civil engineer in California who has an investment style similar to Buffett’s. Over the past 10 years, Mike’s Marketocracy track record shows an annualized return of 17%. Berkshire Hathaway Inc. (NYSE:BRK.A) and the S&P 500 both show annualized total returns just short of 9% during the same period. Like Justin and Kai, Mike is having a great year, up 34% so far, and he is also profiled in the book “The Warren Buffetts Next Door” by Forbes Investment Editor Matt Schifrin. Could Mike Koza be the next Warren Buffett?
The Crucial Advice From Buffett You’re Probably Ignoring (Nasdaq)
The latest rankings of the world’s richest people show that telecom magnate Carlos Slim of Mexico is again on the top of the heap, followed by Microsoft Corporation (NASDAQ:MSFT) founder Bill Gates. Both of these men amassed dizzying fortunes primarily with one investment: Gates with Microsoft Corporation (NASDAQ:MSFT) and Slim with America Movil SAB de CV (ADR) (NYSE:AMX), one of the largest telecom companies in the world. Fourth on the list is Warren Buffett. The Oracle of Omaha also made his fortune with one company, Berkshire Hathaway Inc. (NYSE:BRK.A), but there’s a twist. While Microsoft Corporation (NASDAQ:MSFT) is focused on software and America Movil SAB de CV (ADR) (NYSE:AMX) on cellphones, Berkshire is a holding company. Its business is to own other businesses.
Warren Buffett’s Simple Advice About Apple Stock (DailyFinance)
Last month, Fortune magazine published its annual “Fortune 500″ list, with Apple Inc. (NASDAQ:AAPL) ranking sixth, making a big jump from last year’s spot in 17th place. Fortune offered a closer look at Apple Inc. (NASDAQ:AAPL) in that issue, centering on what the company might do with its massive pile of cash. One of the biggest takeaways for investors in the article might have gone unnoticed by many, though: Why Warren Buffett recommended that the company repurchase Apple Inc. (NASDAQ:AAPL) stock. As veteran financial journalist Carol Loomis recounted, around early 2010, Steve Jobs picked Buffett’s brain about what Apple Inc. (NASDAQ:AAPL) might do with its pile of cash. Regarding the option of repurchasing Apple Inc. (NASDAQ:AAPL) stock, Buffett offered a simple guideline:
Carl Icahn Joins Warren Buffett on Twitter (TheStreet)
Billionaire activist investor Carl C. Icahn has joined Twitter, following in the social media footsteps of Warren Buffett, the 82-year old head of investing conglomerate Berkshire Hathaway Inc. (NYSE:BRK.A), who joined in early May. Icahn has joined the social network under @Carl_C_Icahn and made a $14 a share tender offer for Dell Inc. (NASDAQ:DELL) the subject of his first Tweet. “Twitter is great. I like it almost as much as I like Dell Inc. (NASDAQ:DELL),” Icahn wrote on Thursday. In a telephone interview, Susan Gordon of Icahn Enterprises confirmed the account, however, Icahn couldn’t immediately be reached for additional comment on his Twitter plans. Warren Buffett joined over a month ago, but so far the Oracle of Omaha’s social media presence has been underwhelming.