Buffett and the Berkshire CEOs Spend Big Bucks (WallStCheatSheet)
Warren Buffett is not the only chief executive officer under the Berkshire Hathaway Inc. (NYSE:BRK.A) banner spending big bucks in business deals. While Buffet’s $12.1 billion deal to take H.J. Heinz Company (NYSE:HNZ) private with 3G Capital Management made headlines earlier this year, his spending is matched by managers in the company, according to Bloomberg. The autonomy given to CEOs operating businesses owned by Berkshire Hathaway Inc. (NYSE:BRK.A) bodes will for the long-anticipated change of leadership when Buffet eventually decides to abdicate his throne. James Hambrick — Chief Executive Officer of Berkshire owned chemical maker Lubrizol — said, “If I don’t take my own cash flow and reinvest, all I do is add to his [Buffet’s] problems.”
Buffett’s advice a lesson for Indian firms (HindustanTimes)
Warren Buffett’s AGM produced some advice on inheritance that Indian business patriarchs would do well to heed. Last week, the annual general meeting of Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) took place, as it does every year, in the city where the grand old man of investing is based — Omaha, in Nebraska, USA. While the event, dubbed as the Woodstock for Capitalists was as festive as always, there were some interesting new things this year. For one, Buffett went out of his way to inject an element of adversariality to the event. This kind of a thing is so diametrically opposite of what we are used to in India, that for us it’s hard to believe that someone would actually do this. To question him, Buffett invited Douglas A Kass, a hedge fund manager and a known Berkshire bear.
Buffett benefits women leaders (JournalGazette)
Warren Buffett’s analytical approach, which he’s applied to picking stocks and buying businesses, also benefits female leaders at his Berkshire Hathaway Inc. (NYSE:BRK.A), says one of the top-ranking women executives at the company. “He’s said, ‘Well, why would anyone want to exclude 50 percent of the population,’ ” Cathy Baron Tamraz, chief executive officer of Berkshire’s Business Wire unit, said in an interview with Bloomberg Television’s Betty Liu that aired last week. “I mean, Mr. Rational, right? He just makes so much sense.”
Buffett makes Omaha capital of capitalism (TimesDispatch)
My first mistake was not getting up at 4 a.m. to stand outside a convention center with thousands of raving capitalists in a very cold rain to snag a good seat. …My third mistake was not going to Omaha for this annual extravaganza before this year, especially after realizing that the two billionaires who are the real reason to make the trek are ages 82 and 89. (No worries for follow-up experiences, however. They’ll be back. ) Mistakes aside, after witnessing Warren Buffett and Charlie Munger in action, it was easy to believe attendee after attendee who said this was one of those “bucket list” achievements you want to record at least once in a lifetime.
63 Brand-New Quotes From Warren Buffett (Fool)
The tried and true “classic” Warren Buffett quotes are classics because they’re great, timeless bits of investing wisdom. But sometimes they can also feel a bit too well worn. Following are 63 brand-new quotes from Buffett, fresh from the May 4 Berkshire Hathaway Inc. (NYSE:BRK.A) shareholder meeting. 1. On playing table tennis with Ariel Hsing at Borsheims: “If you’re courageous you’ll show up with your paddle and you’ll look like an idiot.” 2. “If the market continues as it has in 2013, this will be the first five-year period that Berkshire Hathaway Inc. (NYSE:BRK.A) has underperformed. … It won’t be a happy day, but it won’t totally discourage us.”
