Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), General Electric Company (NYSE:GE), Ford Motor Company (NYSE:F), H.J. Heinz Company (NYSE:HNZ)
Warren Buffett’s family has a lot of money, and they want your help giving it away. The only catch: you have to participate in the Learning By Giving Foundation’s massive open online course (MOOC). Only then will you have the power to decide where (a tiny piece of) the Berkshire Hathaway Inc. (NYSE:BRK.A) fortune should go. Over the last decade, Warren’s older sister, 85 year-old Doris Buffett, has given over $150 million to charitable causes–all money that comes from Berkshire Hathaway Inc. (NYSE:BRK.A) stock that she inherited from a family trust in 1996. Some of that money has been given directly to organizations, but a considerable portion has been doled out to philanthropy courses at 30 colleges and universities across the U.S. Each class gets $10,000 of Buffett’s money to spend on the charitable causes that they’re passionate about.
5 dividend stocks approved by Warren Buffett (USAToday)
With the Federal Reserve pushing interest rates to historic lows, money has been forced into different asset classes in the great hunt for yield. Dividend-paying stocks can provide a stable source of cash flow that exceeds the rate on bonds or savings accounts, but investors may want to consider some timeless advice from the Oracle of Omaha before pulling the trigger. Warren Buffett, one of the wealthiest men in the world, does not pay shareholders of Berkshire Hathaway Inc. (NYSE:BRK.A) a dividend. However, he has provided insightful views on the subject over the years. Buffett believes management should think long and hard about when to retain earnings and when to distribute them to shareholders. As he explains in a past shareholder letter, “Allocation of capital is crucial to business and investment management.”
Warren Buffett: Tracy Britt isn’t Berkshire CEO successor (Omaha)
Last week’s item following up on a Wall Street Journal profile of Warren Buffett’s financial assistant Tracy Britt stretched toward the question of whether she might, someday, succeed him as CEO of Berkshire Hathaway Inc. (NYSE:BRK.A). Seemed like the logical question to explore, as others have done in print and online. But not exactly, Buffett said in an email (relayed from his computer-less office through his assistant, Debbie Bosanek). “I hope these facts put some unwarranted speculation to rest,” Buffett said.
Buffett Bullish On Buffalo (Amherst)
Billionaire investor Warren Buffett was a Western New York visitor Tuesday, when he came Amherst to help celebrate a milestone reached by one of the many companies he owns –GEICO. GEICO’s local workforce has reached 2,500 employees, some two years ahead of projections made when insurance giant announced plans to build a 250,000 square foot claims center at the Crosspoint office park. “People go where they’re welcome, there’s no question about it, Buffet told WGRZ-TV. “And Western New York has got its arms out.” That certainly was true ten years ago when New York State, under then Governor George Pataki, gave GEICO tax breaks and incentives totaling $100 million dollars to locate here.
