Editor’s Note: The Coca-Cola Company (NYSE:KO), Berkshire Hathaway Inc. (NYSE:BRK.B), Media General, Inc. (NYSE:MEG), Suncor Energy Inc. (USA) (NYSE:SU)
Is Warren Buffett Wrong About Coca-Cola? (DailyFinance)
Warren Buffett is undoubtedly one of the best investors to ever grace the markets, but even he sometimes makes mistakes. Buffett has stated on multiple occasions that he will never — ever — sell a single share of The Coca-Cola Company (NYSE:KO). Clearly, the Oracle of Omaha believes in the durability of one of the world’s most recognizable brands. However, though Buffett appears confident about the company’s long-term future, the picture is not as clear for us mortals. Sales volumes of soft drinks have been declining for over a decade in the United States — a key market for The Coca-Cola Company (NYSE:KO), PepsiCo, and Dr Pepper Snapple.
Warren Buffett makes another big bet on newspapers, buying 63 from Media General (Inland Press)
Just three years ago, billionaire Warren Buffett told stockholders at his Berkshire Hathaway Inc. annual meeting that newspapers were doomed to be money-losing propositions. “For most newspapers in the United States, we would not buy them at any price,” he said at the time. But last November he paid $200 million to buy his hometown daily, the Omaha World-Herald. And on May 17, he announced he was buying 63 dailies and weeklies from Media General, Inc. (NYSE:MEG) for $142 million in cash. The deal includes such notable titles as the Richmond Times-Dispatch and the Winston-Salem Journal, but not its biggest property, the Tampa Tribune. Media General said it was in discussions with other perspective buyers for the Tribune.
New book outlines Warren Buffett’s advice for kids (Scottsbluff Star Herald)
Dozens of books have already been written about billionaire Warren Buffett investment success, but now a new book explains Buffett’s advice for kids. The lessons in the book are based on the “Secret Millionaire’s Club” cartoon that features Buffett helping a group of kids learn how to manage the millions they made selling baseball memorabilia they found. Buffett, who voices his own character in the cartoon, helped the book’s authors decide what to include in “Secret Millionaire’s Club: Warren Buffett’s 26 Secrets to Success in the Business of Life.”
Would the Economy Be Any Better If This Investment Guru Was Fed Chairman? (Business 2 Community)
Warren Buffett really is the master guru of the investment world; he sure knows how to make money and often does it via the use of stock warrants on companies he decides to invest in. Buffett is an opportunist. He is a predator who seeks out companies that he feels can be turned around and saved. He rarely loses money, and more often than not, he makes tons of it. When the banking sector was extremely fragile, Buffett spotted a great opportunity; he probably realized the Obama administration would not allow any of the major big banks to go under following the financial collapse of Lehman Brothers in 2008, which triggered the recession and massive global turmoil that followed.
A healthy excuse to eat dark chocolate (MarketWatch)
Warren Buffett turns 83 on Friday, and the legendary investor shows no signs of slowing down. A passion for stock picking has surely fueled his longevity. Or maybe it’s the chocolate. Buffett, whose holding company, Berkshire Hathaway Inc. (NYSE:BRK.B), owns chocolatier See’s Candies, reportedly has a sweet tooth. Earlier this month, the Oracle of Omaha auctioned off a guided tour of a See’s factory for $156,000 to benefit an education nonprofit, promising that he would demonstrate to the winner “the only acceptable way to eat a bonbon.”
