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Warren Buffett News: Big Bird Can Make It Rain On His Own

BERKSHIRE HATHAWAYTheDC Opinion: Big Bird can make it rain on his own (DailyCaller)
Big Bird is a billionaire. A Warren Buffett, Eric Schmidt, Steve Jobs billionaire, which is pretty impressive considering that he is not a real person but rather a giant, yellow bird (which is a kind of terrifying concept if you actually think about it for a second.) Advocates for continued federal funding of the Public Broadcasting Service got their undies in a twist Wednesday night when GOP presidential candidate Mitt Romney said that he would cut funding to the beloved TV station to reduce the national deficit.

Lynch & Buffett Strategies Winning North of the Border (TheGuruInvestor)
This year hasn’t been a great one for Canadian stocks, but Peter Lynch and Warren Buffett have been having quite a bit of success north of the border — at least, their strategies have. In his Number Cruncher column, John Heinzl of Canada’s Globe and Mail has been tracking a 9-stock portfolio of stocks that got high marks from Validea Canada CEO John Reese’s Buffett- and Lynch-based models, and the result has been some strong market outperformance. ”From the inception date on Jan. 18 through Oct. 2, seven of the nine stocks rose, led by a 48.5-per-cent gain in Alimentation Couche-Tard,” Heinzl writes.

Roll Up, Roll Up… Warren Buffett Never Had an Edge… (iStockAnalyst)
At times the world of modern finance resembles a standoff at the OK Corral. On the one side stand aloof the esteemed fund managers of the era with their long records of out-performance. On the other the academics and quants who wish to shoot them down by ‘proving’ that their excess profits can be explained away as either lucky or systematically repeatable. In their sights has always been the biggest scalp of all, Warren Buffett, and where many have failed a recent research paper titled ‘Buffett’s Alpha’ looks to have finally shot him down. Essentially the paper finds that Buffett may not have had an ‘edge’ after all.

Bridge Scene: United States team secures the 2012 Warren Buffett Cup (Naplesnews)
Warren Buffett, known in the investment world as a genius, is known in the bridge world as an enthusiast of the game. Reportedly he plays many hours each day at Bridge Base Online and feels that bridge, “Is the best intellectual exercise out there.” Buffett and many others recognize that playing bridge offers the player a chance to learn how to gather information and process these findings into a strategic plan. Every time a hand is dealt, players are talking and exchanging information through bidding. Buffett finds that the art of gathering information which the player has to manage, teaches the player a valuable lesson to carry forward. Both teams need to listen and process the information they hear in order to mount a better defense or offense.

Truth about capital gains (Vindy)
One of the many false talking points of the Obama administration is that a rich man like Warren Buffett should not be paying a lower tax rate than his secretary. But anyone whose earnings come from capital gains usually pays a lower tax rate. How are capital gains different from ordinary income? Ordinary income is usually guaranteed. If you work a certain amount of time, you are legally entitled to the pay that you were offered when you took the job. Capital gains involve risk. They are not guaranteed. You can invest your money and lose it all. Moreover, the year when you receive capital gains may not be the same as the years when they were earned.

John Bogle’s Dim View of the Asset-Management Industry (USNews)
Just as Warren Buffett is the walking embodiment of value investing, John Bogle is index-investing incarnate. Founder and former CEO of the Vanguard Group, Bogle has spent decades preaching the virtues of the low-cost index funds he helped pioneer nearly 40 years ago. Alas, the last half of Bogle’s 60-year career has been marked by the rise of casino finance and a Masters of the Universe ethos that has infected the once-staid world of asset management.

This New Spinoff Begs Your Attention (DailyFinance)
This company has many of the great, oft-cited Warren Buffett requisites – a wide moat business and simple, sustainable business model, and is trading at a discount to its intrinsic value given its growth prospects. What’s better, it’s also a member of the spinoff crew — a group that historically outperforms. IPOs are no longer on the radar for many investors, given the seemingly never-ending IPO flop market, but this one need not scare you. This company has been around for over 100 years, makes over $3 billion annually, and still has double-digit growth prospects. Now that I have your attention, let’s begin. …Since making its grand entrance onto the New York Stock Exchange after 138 years of being in the home security business, ADT Corp (NYSE:ADT) , which went public on Monday, is up almost 8%.

Would Warren Buffett Take An Apple Inc. (AAPL) Byte? (ValueWalk)
There was a time when Warren Buffett said, “Technology is just something we don’t understand, so we don’t invest in it”. This time was 1998. Fast forward 13 years later, and Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) reveals a 5.5 percent stake in International Business Machines Corp. (NYSE:IBM), which was expanded according to the last 13f SEC filing of Q2 2012. IBM is not the only tech company that Buffett has owned, one other is Intel Corporation (NASDAQ:INTC), the stake was sold in last quarter.

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