especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative(生产的). True, gold has some industrial and decorative utility, but the demand for these...
A municipal corporation composed of towns and utility districts, WPPSS began construction of five huge nuclear power plants in the 1970s.Buffett didn’t buy the defaulted bonds issued to finance nuclear generating units 4 and 5.WPPSS scrapped these two plants during the early stages of constructi...
It has no utility. Anyone watching from Mars would be scratching their head.” Such viewpoints have led him towards investments in non-U.S. based companies. He’s even managed to become a sort of behind-the-scenes economic advisor for the United States. Politically speaking, Buffett made ...
Warren Buffett joins his friend Donald Danly to start a company called Wilson Coin Operated Machines. The business buys a pinball machine at a cost of $25 and places it in a nearby barber shop. Wilson Coin makes $50 per week for Buffett and Donald. Buffett does tax returns for himself an...
We visualized the latest data on Berkshire Hathaway's portfolio to see what Warren Buffett is invested in. Money1 year ago Mapped: The Richest Billionaires in U.S. States Who are the wealthiest people in the United States? This map breaks down the richest billionaires in U.S. states. ...
TXU Corp. The Texas utility that’s trying to push through its sale to some private equity firms “would complement Berkshire’s stable of companies,” including MidAmerican Energy Holdings. But “the trick would be getting a good price if the deal falls through” which might be tough since...
Warren Buffett: We’d put up Berkshire’s energy record up against any utility in the United States Munger said there have been false claims about climate change, but the energy transition makes sense for some key reasons. “Even if we weren’t worried about global warming, it would make ...
Warren Buffett's influence has been profound. I've taken his advice to concentrate my portfolio and invest in the cheapest net net stocks possible to yield the highest possible returns. I've also kept his focus on not losing money front and center -- I screen out companies that have weak...
investing and making long-term investments in steady‚ predictable industries that generate positive cash flow. It was announced that MidAmerican would purchase the regulated electric utility PacifiCorp from Scottish Power‚ for $5.1 billion in cash and $4.3 billion in liabilities and preferred ...
Buffett shrugged off a question asking whether the next CEO should spend more time at his side. All three CEO candidates are "ready for the job right now," he said. Each is running a big business within Berkshire, which owns numerous insurance, utility and retail companies. ...