Celebrating Warren Buffett’s $200 Billion Mistake (Fool)
According to Jason Zweig’s excellent resource, This Day in Financial History, today marks the 48th anniversary of a milestone in the annals of value investing. On May 10, 1965, in a New Bedford, Mass., boardroom, a 34-year money manager named Warren Buffett took control of manufacturer of men’s suit linings named Berkshire Hathaway Inc. (NYSE:BRK.A). On that day, Berkshire’s stock closed at $18 per share; yesterday, Berkshire’s A shares closed at $166,100. Despite that appreciation, Buffett calls Berkshire “the dumbest stock I ever bought.” The explanation and the extraordinary story of how Buffett came to control Berkshire are worth the telling.
Bill Gates, Jeb Bush and Warren Buffett meeting at SC island (WBTW)
Bill Gates, Chairman of Microsoft Corporation (NASDAQ:MSFT) and one of the richest people in the world, is spending time in the Lowcountry. WCBD confirmed the American business magnate is at the Sanctuary on Kiawah Island. Suspicion was raised when several very expensive jets were seen lined up at the Charleston International Airport on Johns Island. Other prominent people said to also be staying there this weekend are Warren Buffett, Jeb Bush and Dan Gilbert, owner of the Cleveland Cavaliers.
4 books Warren Buffett suggests (iAfrica)
The sage of Omaha, Warren Buffett, had the following book recommendations to offer at his annual Berkshire Hathaway Inc. (NYSE:BRK.A) shareholders meeting on the weekend. It is an event that attracts more than 35 000 people every year — including a host of South African investment managers, many of whom make it an annual pilgrimage. Warren Buffett’s book recommendations: Tap Dancing to Work — Warren Buffett on Practically Everything, 1966-2012 — Carol Loomis The Outsiders — Eight Unconventional CEOs and their Radically Rational Blueprint for Success — William Thorndike The Clash of the Cultures — Investment vs. Speculation — Jack Bogle Investing Between the Lines: How to Make Smarter Decisions by Decoding CEO Communications — Linda Rittenhouse
Berkshire’s Bursting With Talent (Fool)
It’s a question we’ve all heard for many years now: What will Berkshire Hathaway Inc. (NYSE:BRK.A) look like when Warren Buffett and Charlie Munger are gone? Motley Fool analysts Joe Magyer and Rex Moore were at the annual meeting in Omaha, and they offer their take on this important question. In part two of this series, Joe says the company’s great assets and great managers will be there for decades to come. Meanwhile, solid companies selling at depressed prices have consistently helped generations of the world’s most successful investors preserve capital, minimize risk, and achieve long-term, market-trampling returns. For one such company, read our free report: “The One REMARKABLE Stock to Own Now.” Just click here to get started.