Warren Buffett News: Charlie Munger’s Muse, Berkshire Hathaway Inc. (BRK.A) & Media General, Inc. (MEG)’s Deal

How Money Actually Buys Happiness (HBR)
Warren Buffett’s advice about money has been scrutinized — and implemented — by savvy investors all over the world. But while most people know they can benefit from expert help to make money, they think they already know how to spend money to reap the most happiness. As a result, they follow their intuitions, using their money to buy things they think will make them happy, from televisions to cars to houses to second houses and beyond. The problem with this approach is that a decade of research — conducted by us and our colleagues — demonstrates that our intuitions about how to turn money into happiness are misguided at best and dead-wrong at worst.

Buffett Bolsters His Arsenal with Smaller Players (NBCNews)
Warren Buffett loves to bag “elephants,” but Berkshire Hathaway Inc. (NYSE:BRK.A) has also become quite successful with smaller, bolt-on acquisitions. In this segment of The Motley Fool’s everything-financials show Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss two of Berkshire Hathaway Inc. (NYSE:BRK.A)’s newest additions. Help us improve and get a free gift! Take a short survey about the following video, and we’ll give you access to our special free report “The One Remarkable Stock to Own Now.” Just follow this link to take the survey and claim your copy of the report.

Warren Buffett makes another big bet on newspapers, buying 63 from Media General (InlandPress)
Just three years ago, billionaire Warren Buffett told stockholders at his Berkshire Hathaway Inc. (NYSE:BRK.A) annual meeting that newspapers were doomed to be money-losing propositions. “For most newspapers in the United States, we would not buy them at any price,” he said at the time. But last November he paid $200 million to buy his hometown daily, the Omaha World-Herald. And on May 17, he announced he was buying 63 dailies and weeklies from Media General, Inc. (NYSE:MEG) for $142 million in cash. The deal includes such notable titles as the Richmond Times-Dispatch and the Winston-Salem Journal, but not its biggest property, the Tampa Tribune. Media General, Inc. (NYSE:MEG) said it was in discussions with other perspective buyers for the Tribune.