Salient to Investors: Tom Russo at Gardner Russo & Gardner said Berkshire Hathaway is like a coiled spring. Warren Buffett said the beauty of stocks is that they do sell at silly prices from time to time, and that’s how he and Charlie Munger got rich. David Winters at Wintergreen Advisers said Berkshire Hathaway is
READ MORE... →Salient to Investors: Bloomberg says two-thirds of company takeovers exceeding $20 billion since 1996 generated losses for the acquirer’s shareholders – the 78 buyers lagged behind the MSCI World Index by a median of 13 percent in the 3 years after completion, falling 21 percent. Warren Buffett says acquirers typically
READ MORE... →Salient to Investors: EPFR Global said US equity funds took in a record $3.1 billion at the beginning of this year. The January rally is the biggest rally since 1987. William Stone at PNC Wealth Mgmt said Berkshire Hathaway’s interest in NYSE Euronext indicates Buffett is saying maybe things will turn around and volume will
READ MORE... →Salient to Investors: Berkshire Hathaway made an offer last year to buy NYSE Euronext, said two people familiar with the matter. Read the full article at http://www.bloomberg.com/news/2013-01-28/berkshire-said-to-be-company-a-that-made-bid-for-nyse.html Free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Private equity companies and venture capitalists reduced renewable-energy investment to the lowest since 2006. Vinod Khosla at Khosla Ventures said all the fashionable VCs have exited, and the number of new businesses is smaller. Ethan Zindler at New Energy Finance said venture investors in early stages do
READ MORE... →Salient to Investors: Warren Buffett said banks have rebuilt capital and no longer poses a threat to the economy – capital ratios are huge and excesses on the asset side are largely gone . Berkshire invests in at least 4 of the 7 biggest U.S. lenders by assets, including Wells Fargo, Bank of America, Goldman Sachs,
READ MORE... →Salient to Investors: John Paulson said the euro would fall apart and bet against the region’s debt. Morgan Stanley predicted the S&P 500 would lose 7 percent and Credit Suisse predicted wider swings in equity prices. Warren Buffett called bonds dangerous. The largest banks and most-successful investors failed to anticipate how government actions would influence
READ MORE... →Salient to Investors: Billionaire hedge fund managers have been heavily buying gold. John Paulson has been accumulating gold and gold mining stocks at a fevered pace. George Soros, Louis Moore Bacon, Julian Robertson et al have been buying gold, mining equities and ETPs. Bill Gross at Pimco has urged investors to buy precious metals. George
READ MORE... →Salient to Investors: Warren Buffett and Charles Munger favor stock buybacks when two conditions are met: the company has ample funds to take care of operational and liquidity needs the stock is selling at a material discount to the company’s intrinsic business value, conservatively calculated. Read the full article at http://www.bloomberg.com/news/2012-12-12/berkshire-expands-buyback-will-pay-up-to-120-of-book-value.html
READ MORE... →Salient to Investors: Warren Buffett said: JPMorgan Chase CEO Jamie Dimon would be the best person to replace Geithner in a financial crisis – world leaders would have confidence in him. If you run an army, a church, a government, any large institution, people will go off the reservation sometimes. The economy
READ MORE... →