Warren Buffett News: Buffett Is ‘Patently Wrong’ About How Tax Rates Affect Investment Decisions

Page 1 of 2

BERKSHIRE HATHAWAYCliff Asness: Warren Buffett Is ‘Patently Wrong’ About How Tax Rates Affect Investment Decisions (BusinessInsider)
Hedge fund manager Cliff Asness, who runs AQR Capital Management, published an op-ed in the Wall Street Journal taking on Warren Buffett’s argument that tax rates don’t really matter. First, here’s the piece from Buffett’s Nov. 25th New York Times’ op-ed Asness is referring to: Suppose that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says enthusiastically. “I’m in it, and I think you should be, too.”

Solving the Buffett Problem: Except There Isn’t A Buffett Problem (Forbes)
One of the standard tropes about taxation at present is that there’s this “Buffett Problem”. That there is some problem about the way that Warren Buffett is taxed and it’s a problem that we must do something about. The actual problem as I see it is that there is no Buffett problem and thus there’s not something that we need to find a solution to. …As you can see, here we’ve got two influential and highly respected (and rather better at it than I am) financial journalists pondering the Buffett problem. Which is that Warren Buffett pays a lower tax rate than his secretary.

Warren Buffett seeks to revive newspaper industry (LehighvalleyLive)
Warren Buffett, the investor famous for betting on aging industries like railroads and insurance, is now trying to pull off something other billionaires have tried and failed to do: save the newspaper business. His company, Berkshire Hathaway Inc. (NYSE:BRK.A), has spent more than $342 million on 80 newspapers — including its hometown paper, the Omaha World-Herald — and used them to build a new business unit. And Buffett isn’t done. Though the division announced plans to close an underperforming newspaper in Virginia last month, he’s said that more acquisitions may be in store.

About Utah: RC Willey growing but holds to roots (DeseretNews)
It’s been more than 17 years now since RC Willey, the home-furnishings chain that started on the edge of a cornfield in Syracuse, went all Wall Street on us and sold out to Warren Buffett’s investment company, Berkshire Hathaway. Since that time, RC Willey has expanded beyond Utah’s borders, opening a store in Boise, two in Las Vegas, another in Reno and still another, the biggest yet in the chain, in Sacramento, Calif. Next year it plans to open another giant store in Utah, just west of IKEA in Draper. Its employee force has grown to 2,400.

Page 1 of 2
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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

The 10 Most Deadly Diseases in the World Today

The 5 Most Expensive Luxury Motorhomes in the World

20 Largest Stock Exchanges in the World

6 Richest Painters In The World 2014

The 6 Countries with the Best Hospitals In The World

10 Largest Beer Brewing Companies in the World

The 10 Richest Fitness Gurus In the World to Pump You Up

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!