Salient to Investors: Luke Sims at Eagle Capital Growth Fund said Warren Buffett is trying to build up his stock pickers Combs and Weschler to show he hired the right money managers to succeed him. Buffett book author Jeff Matthews said the 2012 performance by Combs and Weschler was extraordinary but wants to see
READ MORE... →Salient to Investors: Warren Buffett said any partnership where I don’t have to do the work is my kind of partnership. Heinz is being bought for 14.6 times Ebitda versus the median of 7.6 times Ebitda of more than 100 comparable deals worldwide. Christopher Growe at Stifel Nicolaus said Buffett’s affection
READ MORE... →Salient to Investors: John Paulson at Paulson & Co. is focusing on event-driven investing – bet on companies facing mergers, spinoffs and bankruptcies – in 2013 after losses on wrong-way bets on the U.S. and European economies over the previous two years. Read the full article at http://www.bloomberg.com/news/2013-02-15/paulson-buys-sprint-metropcs-in-telecom-takeover-plays.html Free email alerts of articles as soon
READ MORE... →Salient to Investors: Legg Mason is folding Bill Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled and as it tries to reverse five years of client redemptions. Assets at Legg Mason Capital Management have fallen to $7 billion from a peak of $70 billion
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