A cyberattack on JPMorgan compromised 83 million households and small businesses. | Analysts say judge's ruling isn't a free pass for cities to cut pensions. | Warren Buffett moves into auto retailing. | Evaluating the nature of deal-making in a panic.
$$$ Liquidity Rules Coming to Wall Street [WSJ] $$$ Oaktree Is Said to Seek $10 Billion for Distressed Fund [Bloomberg] $$$ Warren Buffett, Breaking Bad Superfan, Got a Very Detailed Walter White Birthday Cake [DI via Matt] $$$ Regulator...Show More Summary
By Jonathan Stempel (Reuters) - Warren Buffett's Berkshire Hathaway Inc agreed to pay an $896,000 fine to settle U.S. government accusations that it violated antitrust rules by failing to report a transaction that boosted its stake in building products company USG Corp. Show More Summary
One of the most interesting holdings in the Berkshire Hathaway (NYSE: BRK-A) portfolio is VeriSign (NASDAQ: VRSN), which specializes in domain names and internet security. What makes the company
Authored by Benjamin Weingarten, originally posted at The Blaze, Warren Buffett has famously supported the Obama administration and other Democrats, even lending his name to the so-called “Buffett Rule,” which calls for raising income taxes on high earners. Show More Summary
This week, Senator Elizabeth Warren (D-MA) reintroduced the Buffett Rule under the name the “Fair Share Tax.” This tax would be used to pay for a program that allows students to refinance their higher education loans at lower interest...Show More Summary
Sen. Elizabeth Warren is proposing a plan that would allow people to refinance their student loans—using the Buffett Rule to pay for it. Currently, few student loans can be refinanced, leaving borrowers stuck with high interest rates that they could lower if the loans had been for a car or house, rather than an education. Show More Summary
I'm going to post up the 6 vital principles that come to us from great Rule #1 investors starting with Ben Graham then Warren Buffett then on to today's greats like David Einhorn and Mohnish Pabrai. These principles are timeless butShow More Summary
Warren E. Buffett fielded questions at Berkshire Hathaway’s annual meeting. | Wall Street banks are embracing a rule they once hated. | A Delaware judge upheld Sotheby's poison pill. | David Einhorn's hedge fund asked the S.E.C. to delay disclosures.
Capital preservation and minimizing losses should be the most important objectives of any investor or trader. Warren Buffett is credited with the saying: Rule No. 1: Never lose money Rule
Warren Buffett would tell investors to "wait for your pitch." We live in a world where condensation rules, that time shrinks because of information transfer and people want immediacy.The markets aren't so simple. They can decide to trend, hesitate, and continue or reverse. Show More Summary
Paul Krugman points out that proposals to introduce higher taxes on the rich — like the Buffett rule — have received serious pushback from conservatives: As inequality has become an increasingly prominent issue in American discourse, there has been furious pushback from the right. Show More Summary
My afternoon train reading: • Golden rules of thumb (FT) • Warren Buffett’s 23 Best Quotes About Investing (Business Insider) see also Four Long-Term Investing Tips From Warren Buffett (MoneyBeat) • Get Real (Above the Market) • The long shadow of Steve Jobs: Tim Cook at Apple (WSJ) but see The Monuments of Tech (NY Times) • Tax Tricks And...Read More
Earlier this week, Warren Buffett gave Fortune Magazine an exclusive clip of his annual letter to Berkshire Hathaway shareholders. The excerpt included "fundamentals of investing" that Buffett had identified. Fortune had these five bullets (emphasis added): You don’t need to be an expert in order to achieve satisfactory investment returns. Show More Summary
Fortune Magazine has an excerpt from Warren Buffett's always-anticipated annual letter to Berkshire Hathaway shareholders. He discusses two past property investment he had made. The first was a 400-acre farm in Nebraska, which he paid $280,000 for in 1986. Show More Summary
One way of measuring a president’s agenda is by what he highlights in his State of the Union address. Another is by noticing what got left out.
Rule No.1: Never lose money.
This post is a virtual interview with Mr. Warren Buffett that I created by framing questions to match answers from his annual letters. Its not a long interview so I strongly urge you to read each answer closely. Really give it an effort to understand what he's saying. Show More Summary
Speaking at Georgetown University's Business School alongside his best-bailed-out buddy BofA's CEO Brian Moynihan, Warren Buffett has some rules (or goals) for the "wealthy" that are summed up perfectly in this quote: BUFFETT: RICH MUST...Show More Summary
In investing, there is one rule that supersedes all others. And this rule should be the first thing you consider when building the core holdings in your portfolio. Legendary investor Warren Buffett put it best: “Rule No. 1: Never lose money. Rule No. 2: Don’t forget rule No. 1.” There is no sure thing in [...]