In Berkshire Hathaway Inc. (NYSE:BRK.A) annual report, famed value investor Warren Buffett lists acquisition criteria that he deems to be important. He expects a record of consistent earnings power, good return on equity with little or no debt, capable management, and most importantly a simple business with entry barriers for competitors. Given Warren Buffett’s stellar investment track record, one would be hard pressed not to use his acquisition criteria as a benchmark or sanity check for their investments. Notwithstanding the price at which we can pay for companies that meet Buffett’s criteria, we think we have found a suitable candidate in The Buckle, Inc. (NYSE:BKE) as a potential pick for our portfolios.
3 Things You Should Know About Small Business (TheStreet)
Warren Buffett weighs in on small business. Aspiring entrepreneurs who were a part of the Goldman Sachs Foundation’s “10,000 Small Businesses” program got a chance to hear words of wisdom from billionaire investor Warren Buffett, CEO of Berkshire Hathaway (BRK.A) at a community college in Cleveland last week. Buffett sits on the advisory council to the Goldman Sachs program. The Oracle of Omaha, known for his shrewd business acumen, said the key to success is satisfied customers, according to The Cleveland Plain Dealer.
LeBron James Apparently Sends His Financial Statements To Warren Buffett Sometimes (BusinessInsider)
LeBron James and Warren Buffett exchange e-mails from time to time, and apparently LeBron sends him financial statements sometimes, he told Lee Jenkins in a big Sports Illustrated profile this week. …”I sent an e-mail about this to Warren Buffett. I’m a kid from Akron who lived in poverty for a long time, and I sometimes send financial statements to one of the richest guys ever. It’s kind of scary. I’m like, ‘Why is he talking to me?’ But anyway, the e-mail was about representing your country. It’s not about sports. It’s about everything else.
The Billionaires vs. The Millionaires (ETFDailyNews)
Warren Buffett was at it again recently: telling anyone who would listen about the need for a “millionaires tax” in the United States. However, while the Corporate Media was (as usual) heaping praise on Buffett, the reality is that Warren Buffett is not being “magnanimous”, he’s being disingenuous. Why is Warren Buffett so adamant about the need for the Tax Man to start squeezing the millionaires? So that he (and his billionaire Oligarch-buddies) can continue to avoid paying his fair share of taxes.
Wells Fargo, American Express, and More: Warren Buffett’s Favorite Financial Stocks (InsiderMonkey)
Berkshire Hathaway’s 13F filing for the third quarter of 2012 showed that the financial sector was Warren Buffett’s favorite area to invest in last summer; Berkshire had more capital invested in financial stocks than in any other sector. See the full list of stocks Berkshire reported owning. We have gone through the filing and picked out the holding company’s five largest positions in financials by market value. Investors shouldn’t buy stocks just because Buffett likes them, but we think that billionaires’ top picks can make good sources of investment ideas for further research. Here are our quick thoughts on Buffett’s favorite financial stocks: Buffett’s favorite financial stock was large bank Wells Fargo & Company (NYSE:WFC).
