The Children of Warren Buffett
26 August 2010The children of Berkshire Hathaway’s (BRK-A) (BRK-B) Warren Buffett, were interviewed for National Geographic.
Posts Tagged ‘berkshire hathaway’The Children of Warren Buffett26 August 2010The children of Berkshire Hathaway’s (BRK-A) (BRK-B) Warren Buffett, were interviewed for National Geographic.
Warren Buffett on Chocolate and Candy14 August 2010The following video of Berkshire Hathaway’s (BRK-A) Warren Buffett, gives great insight into how he thinks before making an investment, how he created value added for the company, and increased sales substantially. No wonder why he is a billionaire and top trader and investor. In the video, he discusses his purchase of See’s Candies, which operates over 200 retail shops in the western United States. You will also see Buffett’s sense of humor. If you have never had See’s Candies, you need to try some at your first opportunity. You will love the peanut brittle, my favorite. If you think there are investment opportunities with other candy companies, here are a couple worth looking at. Hershey (HSY), founded in 1894, is the largest manufacturer of chocolate in North America and one of the largest chocolate and candy companies in the world. Hershey’s Kisses were invented in 1901 and their chocolate chips were introduced in 1928. The stock has a P/E of 22, a forward PE of 17, with a flavorful yield of 2.8%. It sports a PEG ratio of 2.39. Tootsie Roll Industries Inc. (TR) is known for its ever famous Tootsie Rolls. It also produces Apple Pops, Charms, Sugar Daddy, Sugar Babies, and Tootsie Roll Pops. The stock has a P/E and forward PE of 26 and sports a yield of 1.3%. Mr.Warren Buffett :Buy and Hold -Failed09 August 2010
From the wires today:
From Buffett himself in 2002:
From Bloomberg recently:
Buy and hold? Buying strong businesses? Derivatives are weapons of mass destruction? Bailouts of many of the components of BRKA? Does anyone have the cajones to criticize Buffett? There has to be at least one emasculated weenie out there who will come on here and tell me that I can’t criticize America’s wealthiest just because he is rich. Right? The Buffett myth is just that — a myth. If not for the fall 2008 bailouts, he would be on the senior circuit revising history along with Greenspan. Why my stark view on this lovely sunny morning in beautiful Southern California? Cause no matter how many books populate Amazon, all preaching about how you can become the next Buffett, they are all disingenuous fairy tales. 1-hour lunch with Warren Buffett for $2.63 million13 June 2010Warren Buffett’s lunch auction rose to a record of $2.63 million in the 11th annual charity fundraiser. That’s about 24 percent higher than the previous record, set in 2008 when hedge-fund manager Zhao Danyang of Hong Kong paid $2.11 million. The chance to have lunch with the celebrated billionaire investor drew nine bidders and 77 bids, according to EBay Inc. The online auction started June 6 and ended at 10:30 p.m. New York time yesterday. The winning bidder wishes to remain anonymous, according to Denise Lamott, a spokeswoman for the auction beneficiary, the Glide Foundation in San Francisco. Buffett, the 79-year-old investor who is chairman and chief executive officer of Berkshire Hathaway Inc., has raised about $8.56 million with the auctions to help the Glide Foundation, which serves meals to the needy. A group led by Courtenay Wolfe of Salida Capital won last year with a bid of $1.68 million. “It’s actually a remarkable calibration of his value,” said Jeff Matthews, author of “Pilgrimage to Warren Buffett’s Omaha” and founder of hedge fund Ram Partners LP. “It measures what people think his worth to them is.” Buffett’s insights on markets attract the attention of those looking for clues on his investment strategy. Past auction winners have said topics of discussion also included corporate governance and philanthropy. The top bidder gets to bring seven guests for lunch at Smith & Wollensky, the New York steakhouse. Buffett’s stock picks and takeovers turned Omaha, Nebraska- based Berkshire from a failing textile mill to a $180 billion seller of bricks, power and insurance. Tens of thousands of people gather in Omaha each year at Berkshire’s annual meeting to hear Buffett expound on the economy and public policy. Read more… Warren Buffett on the Lottery of Birth01 April 2010
Today’s lesson comes from fund manager and former Motley Fool writer Whitney Tilson, whose Tilson Focus Fund (TILFX) has the best one-year return in Lipper’s multicap core category, according to Barron’s. In a recent interview on GuruFocus, Tilson said he began his investing career by reading all of Warren Buffett’s letters. If that sounds like good advice to you, every Berkshire Hathaway annual report since 1977 — which include Buffett’s letters — can be found at the Berkshire website. (If you have a yen to hear Buffett sing as well as read his words, check out his cameo in this GEICO video.)
The luck of the draw It’s 24 hours before your birth, and a genie appears to you. He tells you that you can set the rules for the world you’re about to enter — economic, social, political — the whole enchilada. Sounds great, right? What’s the catch?
Before you enter the world, you will pick one ball from a barrel of 6.8 billion (the number of people on the planet). That ball will determine your gender, race, nationality, natural abilities, and health — whether you are born rich or poor, sick or able-bodied, brilliant or below average, American or Zimbabwean. Read more… The Success of Warren Buffett27 January 2010 I just completed my read of “The Snowball – Warren Buffett and the Business of Life” by Alice Schroeder. This biography covers some 800 pages and provides a perspective on a unique individual. I must admit, he is much different than what I expected. The following is my summary of the major factors that have contributed to Mr. Buffett’s incredible success and wealth:Singular focus – Since Warren Buffett was a young boy, he had almost a singular focus to accumulate wealth. He also believed his way to wealth would be through the stock market. At a very early age, he knew what he wanted and where he wanted to go. Successful people always have long-term visions of their life. This is a lesson especially for younger folks. You will only really succeed in life once you know what you want to accomplish. As Yogi Berra said, “If you don’t know where you are going, you may end up some place else.” Dedication – Mr. Buffett spends about 18 hours every day dedicated to investing capital. This is the type of dedication needed to succeed at his level. I doubt he wastes anytime in front of the television or shopping at the mall. Almost all his time is spent thinking and working on Berkshire Hathaway. This type of dedication can have its drawbacks as well. The book does not portray his family life in a very positive manner. He was separated from his first wife (it appears they did not divorce for P.R. reasons) and did not spend much time with his children as they grew up. There is only so much time in a day, and he spent it mostly on business-related activities. Read more… Warren Buffett’s recent stock buys17 November 2009
Buying the number 1 railroad company was a smart move Only problem now is that the SP 500 is doing better than Berkshire Hathaway Inc (BRK-A). The SP 500 pays you a dividend …. Berkshire pays you nothing ! Learn from the World’s Great Investors23 October 2009
BOB RODRIGUEZ Chief executive officer, First Pacific Advisors Top 25 All-Time Warren Buffett Quotes09 September 2009When reading Berkshire Hathaway’s annual letters or hearing him speak, one can always take away a few great quotes from value investor extraordinaire Warren Buffett. It should come as no surprise that he is so good at dishing out words of wisdom. After all, he is known as the Oracle of Omaha. We thought it would be prudent to assemble some of his best advice in one cohesive post. 1. “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1″ 2. “In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.” 3. “The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable.” 4. “Be fearful when others are greedy. Be greedy when others are fearful.” Read more… |