Buffett Calls Allentown ‘Our Kind of Place’ tp Buy Paper (BusinessWeek)
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. (NYSE:BRK.A), told the Allentown Morning Call that the Pennsylvania community is “our kind of place” for investing in a newspaper. Buffett, who has spent more than $340 million on 80 newspapers, was asked by the publication if he would consider purchasing it. The Morning Call is owned by Tribune Co., which may put dailies up for sale as the company emerges from bankruptcy, people familiar with the matter said this week.
Don’t be a wannabe Warren (InvestorsChronicle)
Thousands of these ‘average investors’ continue to buy into the Buffett dream, though, despite warnings like this from Cullen Roche, who writes for the influential US blog Pragmatic Capital. There are hundreds of websites and books that will tell you the exact opposite, including no fewer than 1,800 on Amazon referencing the veteran investor. A new one – “Tap Dancing to Work” – landed on my desk only last week. Already it’s number one on the e-tailer’s business and investment section. Buffettism has become an industry in its own right, if not yet a fully-fledged philosophy.
Buffett, Bogle, Buddha: 3 wise men at Christmas (MarketWatch)
Yes, Christmas is a perfect time to share the good feelings, especially what’s coming from my three wise men of investing: Buffett, Bogle and Buddha. Carol Loomis captured it in her new “Tap Dancing to Work: Warren on Practically Everything, 1966-2012,” the prefect gift for every investor. Loomis has been writing about America’s favorite Uncle since she first mentioned that unknown hedge fund manager back in a 1966 Fortune article. She reminds us of the spiritual depth of the man this holiday season.
Exclusive Clip: Warren Buffett’s Secret Millionaires Club (BSCKid)
A brand new animated series from Warren Buffett has released an exclusive clip from the series “Secret Millionaires Club.” The show, which was created and narrated by Warren Buffett, the series teaches kids about social responsibility with their local community and financial literacy. “Secret Millionaires Club” is from the channel The Hub, and a series of 26 webisodes available to view on a dedicated website. The series features Warren Buffett as a secret mentor to a group of kids who learn practical life lessons during fun-filled adventures in business.
Buffett to ‘Hypocrisy’ Critics: Stock Purchase Not Timed to Avoid Taxes (CNBC)
Warren Buffett has responded to critics who said the timing of Berkshire Hathaway’s purchase of $1.2 billion of its own stock was designed to save the seller a lot of money in taxes. That’s based on the assumption the seller expects the tax rate on capital gains will be substantially higher next year after the “fiscal cliff” is resolved, so he or she wanted to complete the sale before the end of this year.
Warren Buffett Responds To Whitney Tilson’s Letter (ValueWalk)
Whitney Tilson sent a copy of his last email regarding Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s sharebuy back to Warren Buffett and he sent Tilson the email below (and attachment). Buffett gave Tilson permission to share it). We have obtained a copy which we have below in text and embedded in scribd…