Editor’s Note: Related tickers: Suntech Power Holdings Co., Ltd. (NYSE:STP), Google Inc (NASDAQ:GOOG), Berkshire Hathaway Inc. (NYSE:BRK.A)
After filing for bankruptcy and seeing its stock fall 40% when it default on $541 million in bonds, Chinese equity Suntech Power Holdings Co., Ltd. (NYSE:STP) has rallied on rumors that Warren Buffett may buy the company. Suntech’s rally brought other languishing Chinese solar companies along with it at it rose 0.4% to 89.44 at the close of trading in New York on 8 April. According to Bloomberg, after falling 40% following the default, Suntech rose as much as 28% after a Hong Kong news service said Buffett’s MidAmerican Energy Holdings Co. might buy the Chinese manufacturer.
Wanna invest like Buffett? There’s an app for that (CNN)
Who doesn’t want to be a billionaire? A new app, aptly named iBillionaire, won’t turn you into one. But it makes it easier for you to invest like one. iBillionaire, which launched Wednesday, tracks what Warren Buffett, Carl Icahn, Bill Ackman and other financial titans are buying and selling. Using SEC filings, the data are fed automatically into the app, though the iBillionaire team has a data analyst on staff who spot checks. The app also comes with a Google Inc (NASDAQ:GOOG) news feed that automatically updates news about the billionaires and the stocks they own.
Buffett Honors Hall-of-Fame Pitcher Gibson With Hometown Statue (SFGate)
Bob Gibson, the Hall-of-Fame pitcher who had three complete game victories in the 1967 World Series for the St. Louis Cardinals, is being honored with a statue funded by billionaire investor Warren Buffett. Buffett, 82, will make remarks at the unveiling of the 8- foot (2.4 meter) tall bronze monument tomorrow at Werner Park in Sarpy County, Nebraska, near Omaha, according to a program for the event.
Ask Warren Buffett a Question (Nasdaq)
Personal investing advice from Warren Buffett – every investor’s dream, right? Well, this year, GuruFocus is attending the Berkshire Hathaway ( BRK.A )( BRK.B ) shareholder meet in Omaha, and we’re submitting some questions for the Oracle’s question & answer session. Several journalists will select which will actually get asked, but instead of submitting ours, we’re going to send in the best questions from our readers. To give us the question you would ask Warren Buffett and Charlie Munger, leave it in the comment section below. We will announce on the site if we get to ask it – and, of course, the answer – at the conference on May 4, 2013.
Like father, like son (TimesOfOman)
Howard Buffett said following his billionaire father, Warren, as chairman of Berkshire Hathaway Inc. (NYSE:BRK.A) will require upholding practices that have been prized for decades as the company grew to $240 billion in market value. Protecting Berkshire’s culture “means that I need to make sure that people feel that they’ve been treated fairly, that whatever my dad committed to them remains committed,” Howard Buffett, 58, said in an interview with Bloomberg Television.
Smart retirement investing, Buffett style (MarketWatch)
One of my favorite quotations is this: “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” This reminds me to think about the things I have done right in my life and the things I have done wrong. (There are plenty of items on each list, believe me!) …Buffett: “The most important thing to do if you find yourself in a hole is to stop digging. … Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
What does Warren Buffett know that you should? (LifeHealthPro)
“What can we do to improve profitability and grow our business?” is a question that often comes up in conversations with life industry colleagues. Very often, I tell them, the potential answer is to intensify your focus on asset/liability management. In this task, structured settlements frequently play an important role. One person who has figured out the benefits of structured settlements is Warren Buffett. In recent years, Berkshire Hathaway has moved aggressively into structured annuities, capturing about 15% of the total market in 2012. A quick scan of life insurance members of the National Structured Settlements Trade Association shows about a dozen other companies: Amica, Liberty Mutual, American General, New York Life, MetLife, Pacific Life, Prudential, Mutual of Omaha, and USAA.
Warren Buffet Offers Million-Dollar Secrets to 10-Year-Olds (AtlantaBlackStar)
Many a grown-up would go to great lengths to get Warren Buffett’s secrets for becoming a millionaire. But Warren Buffett’s animated series Secret Millionaires Club has a strict “no-grown-ups” policy. The famous investor and philanthropist, chairman and CEO of Berkshire Hathaway, voices an animated version of himself in the cartoon from Gaiam Vivendi Entertainment that airs on Disney’s The Hub channel–Secret Millionaires Club Volume One is out on DVD now ($14.93).
