Warren Buffett is the world’s greatest investor and an inspiration to all – but that doesn’t mean you should be copying his stock market moves. Actually, if it were up to Mr. Buffett, he’d keep all his share purchases secret so that other investors didn’t follow his lead. His contention – and it can be true – is that copycats tend to send share prices up, ruining his chances of buying stocks on the cheap. That’s why he shielded his share purchases of International Business Machines Corp. (NYSE:IBM) in 2011, until his stake in the technology giant had topped 5 per cent, then worth more than $10-billion (U.S.).
Warren Buffet backing will bring new opportunities to Lubbock real estate market (LubbockOnline)
Lubbock real estate brokerage Prudential Anderson Properties will benefit as two of the biggest names in real estate, HomeServices of America and Brookfield Asset Management, come together to form the new brand Berkshire Hathaway HomeServices. HomeServices of America, a Berkshire Hathaway (Warren Buffett) affiliate, announced the acquisition of Prudential and Real Living real estate agent networks from Brookfield Asset Management last month. While Berkshire also acquired Real Living, Prudential and Real Living will remain independently operating networks, according to Kevin Ostler, communications manager for Prudential. The new brand will not be available until sometime next year, and will be led by a team of Prudential executives based out of Irvine, Calif.
Berkshire Says Private Data Released for Claimants (BusinessWeek)
Oak River Insurance Co., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc. (A), asked clients to guard against identity theft after an employee released some of their personal information. The data are tied to about 2,700 workers’ compensation claimants who had spinal surgery in Southern California between 2004 and 2011 or had urinalysis testing, diagnostics or other medical treatment performed in the state between 2006 and 2011, the unit of Omaha, Nebraska-based Berkshire said in a Nov. 21 statement posted online. The personal information included medical records, Social Security numbers and health insurance information, the insurer said.
New Zealander preaching financial literacy visits region (Fredericksburg)
A New Zealander on a mission to increase the financial literacy of children through the lessons of Warren Buffett made a stop in the Fredericksburg area this past week. Lucas Remmerswaal visited the region as part of a trip to the U.S. to work on and promote his children’s books about the habits that have made Buffett one of the world’s wealthiest men. Those habits include working hard, saving money to invest, reading constantly, avoiding borrowed money and living with integrity.
China automaker BYD hopes for turnaround with new Si Rui sedan (ChinaPost)
Chinese automaker BYD Co. may be hoping that Si Rui (pronounced suh-ray), the name for its new midsize sedan, translates into turnaround. The ailing company, which counts billionaire Warren Buffett as an investor, is banking on the new model to help spur a revival in sales. The car, which made its debut at the Guangzhou auto show this week in southern China, is a follow up to the bestselling F3. That model was hugely popular with buyers in China partly thanks to now-discontinued government subsidies.
Buffett’s recent portfolio moves (MSN)
Berkshire Hathaway (BRK.A +0.99%) bought into four new stocks and sold three old ones. As pointed out by many, most of those positions are not Warren Buffett’s, but are actually from his managers Ted Weschler and Todd Combs. However, Buffett did buy more of his favorite companies, including Wells Fargo & Company (NYSE:WFC) and IBM (IBM +1.68%), and sold Johnson & Johnson (JNJ +0.84%) during the third quarter. As of Sept. 30, Berkshire owns 38 stocks with a total value of $75.3 billion. These are the summary of the buys and sells for Berkshire’s portfolio.
Rogers Sugar Enters Oversold Territory (Forbes)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of Rogers Sugar Inc (TSE:RSI) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $5.80 per share.
