Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), eBay Inc (NASDAQ:EBAY), The Washington Post Company (NYSE:WPO), American Express Company (NYSE:AXP), Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC)
A private lunch with Warren Buffett that benefits a charity was sold Friday on eBay Inc (NASDAQ:EBAY) for $1,000,010. The anonymous bidder will be able to take seven of his or her friends with them to a steakhouse lunch in New York City for a private meal with Buffett, the billionaire investor known as the “Oracle of Omaha.” All the proceeds for the lunch will go to the Glide Foundation, a San Francisco anti-poverty nonprofit group. For the past 14 years, Buffett has participated in the “Power Lunch” auction to benefit Glide, and over that time, he has helped raise nearly $15 million for the organization.
Buffett is investing big in these 2 value stocks (MSN)
Warren Buffett’s incredible success in the stock market has been built on two principles. …Owning stocks for the long haul has produced some of Buffett’s biggest gains. Take The Washington Post Company (NYSE:WPO), for example. Buffett first began buying shares in 1973, recognizing the company’s long-term potential in the highly insulated media business. Forty years later, Buffett still owns those shares and is now sitting on a 6,800% gain, with his $11 million investment ballooning to $820 million in spite of shares falling 50% in the past 10 years. …In 1964, American Express Company (NYSE:AXP) became embroiled in a financial controversy after a vegetable oil company obtained huge loans through falsified documents. The event ended up costing American Express Company (NYSE:AXP) $58 million, sending shares down 50% in a panic.
Following Buffett Into This High Quality Bank (Fool)
Warren Buffett knows a couple of things about investing, especially when it comes to the financial sector. The Oracle of Omaha has been regularly accumulating Wells Fargo & Co (NYSE:WFC) for a long time, and it has even become the biggest stock position in Berkshire Hathaway Inc. (NYSE:BRK.A)‘s portfolio. Even if the stock has been rising steeply over the last months, it´s not too late to follow Buffett into this high quality bank. …Buffett believes in the power of simplicity, and Wells Fargo & Co (NYSE:WFC) is unquestioningly the high quality play among big U.S. banks due to its straightforward business model and superior risk management policies. While competitors like Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) were exposing themselves to toxic assets and complex derivatives during the credit bubble, Wells Fargo & Co (NYSE:WFC) was simply focused on what it does best; loaning money to deserving clients.
11 Stocks Warren Buffett Owns That You Should Buy Now, Too (DailyFinance)
Now that stocks have started to sell off and interest rates have begun to rise, many investors are again looking for great stocks at bargain prices, and those in Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) portfolio are a great place to start your search for long-term value. 24/7 Wall St. pulled out the “cheapest” stocks from Berkshire Hathaway Inc. (NYSE:BRK.A)’s stock holdings to see where the best opportunities are for long-term investors today. Buffett is of course a value investor who seeks growth at a reasonable price, and he generally prefers companies that pay a dividend.
Why Warren Buffett is investing in newspapers (TheMediaOnline)
They say newspapers are dying. Really? Then why is Warren Buffett buying them by the dozen? The influential 20th century economist John Maynard Keynes once wrote that he changed his mind when the facts changed. Warren Buffett – one of the world’s wealthiest businessmen – is obviously a fellow believer because he has certainly changed his tune on the future of newspapers in the space of a couple of years. He’s gone from permafrost bear in 2009 to an almost raging bull in 2013. But don’t expect his admirers in the media and among analysts to highlight this change of heart. Back in 2007 he started saying that newspapers were dying, and again in 2008, while in 2009 at the AGM of his company, Berkshire Hathaway Inc. (NYSE:BRK.A), Buffett was positively negative, saying their future appeal was all but terminal.
Berkshire Hathaway may acquire Unipol insurance assets (IBR)
Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) is likely to purchase the assets of Italian insurer Unipol, which are being disposed of as part of a merger with Fondiaria-SAI. Il Sole 24 Ore business news paper was cited by Reuters as reporting that Berkshire Hathaway Inc. (NYSE:BRK.A) may go for commercial assets of Milano Assicurazioni, a unit managed by Fondiaria. Financial terms of the transaction have not been revealed and further details of the deal are awaited. The Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) has forced Unipol to offload its portfolio assets at a premium of nearly €1.7bn ($2.2bn) as part of the merger with the Fondiaria-SAI group.
Warren Edward Buffett Stop Pampering the Filthy Rich (Guardianlv)
Warren Edward Buffett was ranked in March of this year as the fourth billionaire on the Forbes world’s billionaire list. His net worth is around $53.5 billion. It’s easy to dismiss this man and assume he has everything in life and that he probably acquired his wealth by using other people and earning it through their hard work not through his own. This would sell Warren very short. Of course in order to become rich it’s almost unavoidable to use other people in order to get there. However abuse shouldn’t be a part of that. Warren Edward Buffett is not your typical billionaire and he has done some suprising things.
Berkshire India to stop online sale of insurance products (TheHinduBusinessLine)
Tough times call for hard decisions. Warren Buffett-controlled Berkshire Hathaway Inc. (NYSE:BRK.A) India has decided to close down its online distribution portal —www.BerkshireInsurance.com — later this year. This has been conveyed to existing customers who had bought general insurance products online from BerkshireInsurance.com. The decision to close the ‘virtual door’ is being seen by many as Berkshire Hathaway Inc. (NYSE:BRK.A)’s imminent exit from the Indian insurance sector. BerkshireInsurance.com has informed policyholders that their service needs will be handled by a dedicated team within Bajaj Allianz.
