Buffett’s and Rosenfield’s investment strategies are similar, but one may be more enthusiastic about an idea than the other. During the Intel purchase, for example, Buffett stood quietly on the sidelines. “I wasn’t against it,” he explains. “It’s just that I don’t understand the...
Burlington NorthernSanta Fe, the railroad Buffett bought last year for $26.5 billion, owns more than 30,000 miles of track across the U.S.Westconnecting producers and distributors of coal, grain and consumer goods. Omaha-based Berkshire’s power company, MidAmerican Energy Holdings Co., sells ...
In this particular investment case Buffett most likely saw two things very clearly. First, Dempster Mill, which could be dismissed at first glance as a dead business, was in fact not in the midst of suffering a quick collapse.The business had been stagnant and was not making much profit, b...
Shares of Goldman rose nearly 10%, to mid $137 level in after-hours trading following the announcement. The investment is Buffett’s second major purchase in less than a week. On Thursday, Berkshire’s MidAmerican Energy Holdings Co agreed tobuypower supplier Constellation Energy Group Inc (CEG...
Meanwhile, the company's traditional energy businesses could stand as an investor buffer. A MidAmerican spinoff would also give investors a safer, Buffett-like investment in renewable energy after publicly traded solar and wind energy stocks in the U.S. were battered by commodity price ...
Currently, shale oil is your best bet, and smaller energy companies like EOG Resources (NYSE: EOG) and Continental Resources (NYSE: CLR) are some the heaviest players in shale oil drilling. Exxon may have Warren Buffett’s full support, but we need to wait and see if the stock can bloss...
Our 2017 annual letter is addressed to our dear friend Warren Buffett, who in 2006 donated the bulk of his fortune to our foundation to fight disease and reduce inequity. A few months ago, Warren asked us to reflect on what impact his gift has had on the world. ...
#71.“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be a more productive than energy devoted to patching leaks.”– Warren Buffett #72.“If you aren’t willing to own a stock for ten years, don’t even think about owning it fo...
people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.”— Warren Buffett...
Buffett once said, "You should invest in a business that even a fool can run, because someday a fool will.” His premise is that investment decisions shouldn't be based on the individual or individuals who are at the helm at the time you're considering buying in. Read the company's ...