Warren Buffett News: An Important Meeting, Berkshire Hathaway Inc. (BRK.A) & Hong Kong

Lessons in estate planning from Warren Buffett (TheGlobeAndMail)
I’ve never had the pleasure of meeting Marvin Blum. But if I ever do, I’d like to shake his hand. Mr. Blum is a tax and estate lawyer from Fort Worth, Tex. On May 5, at the Berkshire Hathaway Inc. (NYSE:BRK.A) annual general meeting, Mr. Blum asked Warren Buffett a question about estate planning. I thought it was the best question of the weekend. The focus of the Berkshire Hathaway Inc. (NYSE:BRK.A) AGM is usually the economy, investing, and Berkshire Hathaway Inc. (NYSE:BRK.A)’s many businesses. There are inevitably questions about Mr. Buffett’s succession plans. But Mr. Blum’s question stood out, because it was much more personal.

Picking at the Buffett (BangkokPost)
Wherever she goes, people come up with similar questions: “What have you learned from Warren Buffett?” or “What is the key to Warren’s success?” If not, then she is quizzed for stock-picking tips and investment trends, all according to the business magnate’s philosophy. Yet Mary is her own person, a woman with entrepreneurial spirit. Born and raised as part of an Italian immigrant family in Chicago, Mary has always been into business. Mary gives credit for her can-do attitude to her mother, who instilled in her a sense of self belief. Her mother usually told her: “Do not think that you cannot do anything.”

Hong Kong launches first electric taxis (Brecorder)
Hong Kong saw its first electric taxis hit the streets on Saturday in a step towards reducing the city’s high levels of roadside pollution. The 45 bright red cars were launched by Chinese electric vehicle producer BYD, which is partly backed by US investment titan Warren Buffett. Called the BYD e6, the five-door crossover sedans are powered by iron phosphate batteries and take two hours to charge, a statement from BYD said, adding that they can then travel for 300 kilometres (more than 180 miles). The cars have been rented by the Hong Kong Taxi and Public Light Bus Association, which is testing them over the next six months. “The idea of being environmentally friendly is a global trend and the electric car is one good example,” said Wong Chung Keung, president and chairman of the association.