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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!