Warren Buffett News: Berkshire Hathaway Inc. (BRK.A)’s Net Premium, Apple Inc. (AAPL) & More

Why John Malone is Warren Buffett’s Equal (MorningStar)
Hardly anyone can be Warren Buffett. If you owned Buffett’s stock, you did pretty well. But too few investors know that following another finance genius brought great gains, too – and is likely to keep delivering in the future. That’s John Malone, the cable and media pioneer. Last month, more than 40,000 people showed up to Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) annual meeting to hear him and sidekick Charlie Munger answer questions for the day. Last year, a charity-benefit auction on eBay Inc (NASDAQ:EBAY) to have lunch with Buffett ended up with a price tag of nearly $3.5 million. Obviously, time is precious for chief executives who created a lot of wealth for shareholders. Very rarely do you find excellence sustained over a long period. Even more unique is to find a leader who repeatedly battled back from situations where he had to start over. That’s why the investment world should view John Malone on a par with Buffett.

Buffett tells GEICO: ‘It ain’t over yet, fellas’ (BuffaloNews)
Even with the 2,500th worker on board at GEICO’s Amherst customer service center, the insurance giant is keeping the “Now Hiring” sign turned on. “It ain’t over yet, fellas. We’re going on from here,” said Warren E. Buffett, chairman of Berkshire Hathaway Inc. (NYSE:BRK.A), which owns GEICO and The Buffalo News. “People go where they’re welcome, and Western New York has its arms out.” GEICO still has room to expand at the $40 million customer service center it opened in the CrossPoint Business Park in Amherst in September 2005, but company executives declined to set a long-term growth target for the facility.

BYD Says Electric-Car Charger Melts in Hong Kong Parking Lot (BusinessWeek)
BYD Co. (1211), the Chinese electric carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A), said a charger at a Hong Kong parking lot partially melted because of a faulty connection to the electricity grid. The incident at the Oi Man Plaza parking lot on June 18 didn’t cause other damage and won’t affect BYD’s electric-vehicle operations in Hong Kong, the Shenzhen, China-based automaker said in a statement posted on its official microblog. The company is targeting a fleet of 1,000 electric taxis in operation in Hong Kong in 2014 and more than 3,000 in 2015. Link Real Estate Investment Trust (823), which manages the parking lot, said it would suspend the use of the taxi chargers until the cause of the incident was determined.

Buffett’s Berkshire Hathaway Jumps Over Allstate as No. 2 Insurer (PropertyCasualty360)
Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A), led by the group’s auto-insurance subsidiary Geico, leapt over Allstate in 2012 to become the second-largest P&C insurance group based on net premiums written, according to data from SNL Financial. Lists of the Top 100 insurance groups and insurance companies, based on total net premiums written, will be published in the July edition of PropertyCasualty360-National Underwriter magazine. The Berkshire group saw a 2012 increase in NPW of 12.1 percent—the largest such growth in the Top 20 P&C insurance groups. Berkshire Hathaway Inc. (NYSE:BRK.A)’s NPW was about $27.25 billion.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!