Warren Buffett News: Its dangerous to mimic somebody like Buffett

BERKSHIRE HATHAWAYYou’re Not Warren Buffett, So Don’t Invest Like Him (TheStreet)
Warren Buffett continues to buy small-town newspapers. These moves might prompt investors to follow Berkshire Hathaway(BRK.B_)into the trade. Don’t do it. I tire of hearing investors, from the retail to professional level, refer to themselves as “Warren Buffett disciples.” You’re as much a disciple of Warren Buffett as I am the literary offspring of William Gibson. It’s dangerous to mimic somebody like Buffett.

Buffett’s spirit for newspapers (TheAustralian)
WEALTHY investors including Sam Zell and Philip Falcone have swooped into the troubled newspaper industry in recent years, trying to call the bottom. Few have seen success. Now Warren Buffett is diving into print. Has he waited long enough to get real value? On Friday, the Omaha World-Herald Co, a division of Mr Buffett’s Berkshire Hathaway, agreed to buy the Waco Tribune-Herald, which sells 34,000 copies daily. Earlier this month, it snapped up another Texan newspaper. This comes after Berkshire’s purchase of 63 small-market papers from Media General in May and December’s acquisition of the World-Herald, adding to longtime holding the Buffalo News.

Warren Buffett to Social Media Stocks: You’re Next (GRPN, ZNGA, NYT, WPO) (SmallCapNetwork)
In his buying of over 60 newspapers for the portfolio of Berkshire Hathaway (NYSE: BRK-A) in recent months, legendary investor Warren Buffett has zeroed his sites squarely on social media stocks such as Groupon (NASDAQ: GRPN), Zynga (NASDAQ: ZNGA) and Angie’s List (NASDAQ: ANGI). This will transpire as every social media stock will have to rely on local advertising to survive. On-line digital advertising is where the community newspapers that Buffett is buying will expand. They have already provrn how entrenched they are in that market, beating back efforts in local advertising by The Washington Post (NYSE: WPO) and Time Warner (NYSE: TWX).

Warren Buffett’s ‘Pseudo-Folksiness’ Is Getting Old (BusinessInsider)
Barron’s is out with its list of 100 Most Respected Companies. (Spoiler alert: Apple kept its spot at the top of the list.) Among the losers this year was Berkshire Hathaway, the global conglomerate run by billionaire Warren Buffett. The companies ranking fell twelve spots to #15.