Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), NV Energy, Inc. (NYSE:NVE), eBay Inc (NASDAQ:EBAY), Wells Fargo & Co (NYSE:WFC)
Bill Gates, the world’s second-richest person, has said that he’s only leaving a fraction of his wealth to his three kids, and the same is true of his “bosom buddy” in billionaire philanthropy, Warren Buffett. Together, the two titans of American capitalism created The Giving Pledge. They’ve been on a multiyear road show across the U.S. and the globe trying to convince the world’s wealthiest individuals and families to donate a majority of their estates to charities. Are these guys simply bighearted billionaires, aiming to institutionalize a social streak that echoes the best impulses of titans of former eras (say, Andrew Carnegie dotting the rural U.S. with libraries)?
Warren Buffett Just Bought This Dividend Stock (DailyFinance)
Berkshire Hathaway Inc. (NYSE:BRK.A) is back in buy mode. The company snatched up NV Energy, Inc. (NYSE:NVE), calling into question the recent utilities pullback we’ve seen over the past month. And while “monkey see, monkey do” is the fastest way to financial ruin, the Oracle of Omaha may know something we don’t. Let’s look at why Warren Buffett loves this dividend stock and whether any other utility dividend stocks offer similar deals. Berkshire Hathaway Inc. (NYSE:BRK.A)’s MidAmerican Energy subsidiary announced Wednesday that it has agreed to acquire NV Energy, Inc. (NYSE:NVE) for $5.59 billion. That equates to $23.75 per share, a 23% premium over its pre-announcement closing price. Once NV Energy, Inc. (NYSE:NVE)’s debt is added into the deal, MidAmerican will have coughed up $10 billion for this dividend stock.
Bidding begins for lunch with Warren Buffett (CNN)
This is the 14th year that Berkshire Hathaway Inc. (NYSE:BRK.A) CEO Buffett is auctioning off a lunch for eight on eBay Inc (NASDAQ:EBAY) Proceeds for the lunch, which will be held at New York City steakhouse Smith & Wollensky, will go to San Francisco charity GLIDE, which fights poverty and serves about 800,000 meals each year to the poor. Last year’s winning bid was close to $3.5 million from an anonymous bidder. Since it began in 2000, the auction has raised more than $15 million for the charity, with $9 million of that coming in the last four years alone. The bidders must all be pre-qualified. Bidding started Sunday evening at the minimum $25,000 price and had reached already over $130,000 by Monday morning.
The Intelligent Investor — By Warren Buffett (OutlookIndia)
Chetan Parikh enjoys high recall among value investors in India. Rightly so, as he has contributed the most towards creating awareness about value investing through capitalideasonline. His book, India’s Money Monarchs, co-authored with Utpal Sheth and Navin Agarwal, was the first to chronicle the thought process of prominent Indian investors. Over the years, Parikh has not only built an impressive investing track record, he continues to spread the good word by teaching security analysis at Mumbai’s Jamnalal Bajaj Institute of Management Studies …Benjamin Graham laid the foundation for value investing, which Warren Buffett built on. But along the way, the architectural design underwent some significant changes.
