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Warren Buffett News: Power Lunch, Accumulating Wells Fargo & Co (WFC), Berkshire Hathaway Inc. (BRK.A) India’s Tough Decision & More

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Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), eBay Inc (NASDAQ:EBAY), The Washington Post Company (NYSE:WPO), American Express Company (NYSE:AXP), Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC)

Warren BuffettCharity lunch with Warren Buffett sells for just over $1 million (LATimes)
A private lunch with Warren Buffett that benefits a charity was sold Friday on eBay Inc (NASDAQ:EBAY) for $1,000,010. The anonymous bidder will be able to take seven of his or her friends with them to a steakhouse lunch in New York City for a private meal with Buffett, the billionaire investor known as the “Oracle of Omaha.” All the proceeds for the lunch will go to the Glide Foundation, a San Francisco anti-poverty nonprofit group. For the past 14 years, Buffett has participated in the “Power Lunch” auction to benefit Glide, and over that time, he has helped raise nearly $15 million for the organization.

Buffett is investing big in these 2 value stocks (MSN)
Warren Buffett’s incredible success in the stock market has been built on two principles. …Owning stocks for the long haul has produced some of Buffett’s biggest gains. Take The Washington Post Company (NYSE:WPO), for example. Buffett first began buying shares in 1973, recognizing the company’s long-term potential in the highly insulated media business. Forty years later, Buffett still owns those shares and is now sitting on a 6,800% gain, with his $11 million investment ballooning to $820 million in spite of shares falling 50% in the past 10 years. …In 1964, American Express Company (NYSE:AXP) became embroiled in a financial controversy after a vegetable oil company obtained huge loans through falsified documents. The event ended up costing American Express Company (NYSE:AXP) $58 million, sending shares down 50% in a panic.

Following Buffett Into This High Quality Bank (Fool)
Warren Buffett knows a couple of things about investing, especially when it comes to the financial sector. The Oracle of Omaha has been regularly accumulating Wells Fargo & Co (NYSE:WFC) for a long time, and it has even become the biggest stock position in Berkshire Hathaway Inc. (NYSE:BRK.A)‘s portfolio. Even if the stock has been rising steeply over the last months, it´s not too late to follow Buffett into this high quality bank. …Buffett believes in the power of simplicity, and Wells Fargo & Co (NYSE:WFC) is unquestioningly the high quality play among big U.S. banks due to its straightforward business model and superior risk management policies. While competitors like Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) were exposing themselves to toxic assets and complex derivatives during the credit bubble, Wells Fargo & Co (NYSE:WFC) was simply focused on what it does best; loaning money to deserving clients.

11 Stocks Warren Buffett Owns That You Should Buy Now, Too (DailyFinance)
Now that stocks have started to sell off and interest rates have begun to rise, many investors are again looking for great stocks at bargain prices, and those in Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) portfolio are a great place to start your search for long-term value. 24/7 Wall St. pulled out the “cheapest” stocks from Berkshire Hathaway Inc. (NYSE:BRK.A)’s stock holdings to see where the best opportunities are for long-term investors today. Buffett is of course a value investor who seeks growth at a reasonable price, and he generally prefers companies that pay a dividend.

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