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| Unique Visitors: 0 |
| Total Unique Visitors: 0 |
| Visitors Out: 1672 |
| Total Visitors Out: 1672 |
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| Warren Buffett Lunch Won by Zhao Danyang |
| 2008-06-28 13:47:34 |
This year’s “Power Lunch with Buffett">Warren Buffett” charity auction has been won by Zhao Danyang of the Hong-Kong based Pure Heart China Growth Investment Fund with a record high bid of $2,110,100.
Zhao is an early investor in China’s class-A shares and has an investment philosophy very similar to Warren Buffett.
He has previously liquidated all [...]...
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| Warren Buffett Power Lunch |
| 2008-06-23 12:23:21 |
Bidding has begun for this year’s “Power Lunch” with Buffett">Warren Buffett. The proceeds from the auction will go to the San Francisco’s Glide Foundation.
The online auction is being hosted by eBay as part of its Giving Works initiative and ends at 10pm ET this coming Sunday, June 27. Bidders must pre-qualify before they [...]...
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| Warren Buffett Interview with Financial Post |
| 2008-06-14 11:13:57 |
Snippets of a Buffett">Warren Buffett interview with the financial post.
Related PostsBecky Quick Interview With Warren Buffett on Squawk on the StreetA few days ago, Warren Buffett was in San Francisco doing a ...Warren Buffett Sees Potential for Opportunities: CNBC Exclusive InterviewHere's a recent interview that Becky Quick of CNBC did with ......
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| Warren Buffett Speaks in Lausanne |
| 2008-05-22 12:39:54 |
A few days ago, 90 MBA students were at IMD Business School in Lausanne for an interview session by MBA Programme Director Benoît Leleux with his two guests Buffett">Warren Buffett and Israeli family business ISCAR Chairman Eitan Wertheimer.
You can also watch the 42-minute video of the entire session here:
Warren Buffet in IMD Business School
It’s available [...]...
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| Warren Buffett on Currencies |
| 2008-05-09 00:11:25 |
Buffett">Warren Buffett said that the Canadian dollar is likely to outperfom the U.S. dollar in coming years. He himself had bought a couple of billion dollars worth of Canadian currency some time ago. However, he regreted that he didn’t buy more and kept them longer. He also continues to hold the Brazilian real.
It appears the [...]...
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| Buffett to Investors - Think Small |
| 2008-05-04 00:43:03 |
Last Saturday morning at Berkshire Hathaway’s annual meeting, CEO Warren Buffett and vice chairman Charlie Munger answered questions from the Berkshire shareholders. Here are some of their comments.
On Future Returns
Buffett: We would be very happy if we earned 10%, pre-tax. Anyone that expects us to come close to replicating the past should sell their stock; [...]...
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| Warren Buffett Buys Wrigley |
| 2008-04-29 12:00:25 |
Buffett">Warren Buffett once again shows his preference for investing in easy to understand businesses when he teams up with candy maker Mars to buy Wm Wrigley Jr, the world’s largest chewing gum meaker for US$23 billion.
The recently announced deal meant that Berkshire Hathaway will have a minority stake in Wrigley. The purchase price of US$80 [...]...
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| More on Omaha Visit by NUS Students |
| 2008-04-11 09:31:59 |
With reference to my earlier post on the Warren Buffett by NUS students, I got lucky and managed to find a report of their visit. Here are some key extracts from the students about Warren Buffett:
Warren Buffett is a big believer in value investing - buying shares that are trading at a lower price than [...]...
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| Warren Buffetts Shares with University of Missouri Students |
| 2008-04-05 20:55:34 |
A few days ago, Warren Buffett took part in a question-and-answer session with business college students during the “Emerging Issues and Trends in Real Estate” forum and educational conference at the Trulaske College of Business at the University of Missouri.
The session was conducted over a video conference. These are some points from Warren Buffett:
Develop your [...]...
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| Some NUS Students Got Lucky |
| 2008-04-03 11:21:43 |
Some lucky postgraduate students from the National University of Singapore got a chance to visit Warren Buffett during a recent study trip to the US in February 2008. It was the first time an Asian university held a dialogue with the investment guru.
The 21 Master in Business Administration or MBA students also visited companies like [...]...
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| Berkshire Annual Letters 2001 |
| 2008-03-13 06:09:46 |
It has been a while since I last sumarised the annual letters that Warren Buffett writes to his shareholders. I was halfway through the 2001 letter, and will attempt to round it up here.
In that year, Warren Buffett had lukewarm feelings about stocks for the rest of the decade. He felt that the market had [...]...
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| Warren Buffett on CNBC Squawk Box |
| 2008-03-05 04:27:29 |
A few days ago, Buffett">Warren Buffett had a live appearance and interview session on CNBC Squawk Box with Becky Quick. The session was pretty long and a part of it was for Warren to answer a series of email questions from CNBC’s readers. I’m producing a summary of some points from the interview. Some of [...]...
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| Warren Buffett’s Letter to Shareholders for 2007 |
| 2008-03-02 21:47:12 |
Buffett">Warren Buffett has just released his latest annual letter to his Berkshire shareholders a few days ago. While I haven’t read through the entire thing yet, a quick scan shows Warren critisising pension funds for their over-optimistic projections of their returns.
And get this, Warren Buffett thinks that the 8% assumed by the funds is not [...]...
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| Ask Warren Buffett Your Question |
| 2008-02-27 08:17:05 |
CNBC’s Squawk Box will be interviewing Buffett">Warren Buffett this coming Monday morning and has invited us to send in our own questions. From the questions received, CNBC will select some to ask Warren. If you are interested to send in your question to Warren Buffett, you can do so at this page.
Related PostsDiscounted Cash Flow [...]...
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| Playing Bridge is More Interesting than a Naked Woman |
| 2008-02-21 21:33:23 |
Warren Buffett is addicted to Bridge. He has this to say:
You know, if I’m playing bridge and a naked woman walks by, I don’t ever see her.
You have to look at all the facts. You have to draw inferences from what you’ve seen, what you’ve heard. You have to discard improper theories about what the [...]...
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| National Lifelong Income Scheme |
| 2008-02-14 22:26:17 |
This post is specially for my Singapore readers (or anyone with vested interest with CPF monies in Singapore).
A few days ago, our government has released details of the new annuity scheme for us. They have nicely called it The National Lifelong Income Scheme.
The scheme is flexible with different payout dates available. If you are rushing [...]...
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| Warren Buffet in Canada |
| 2008-02-13 10:55:36 |
Last week, Warren Buffett answered questions for almost 90 minutes during his appearance in Toronto to promote Business Wire’s expansion into Canada.
He covered quite a bit on ground on credit, currency and the economy. Warren Buffett also revealed that he made “several hundred million dollars” owning the Canadian dollar, then sold, and now wishes he [...]...
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| Warren Buffett to Bail Out Bond Insurers |
| 2008-02-11 10:55:33 |
Buffett">Warren Buffett mentioned in an interview with CNBC this morning that he has a plan to help the troubled bond insurance situation, but so far it’s not getting a very warm reception.
Warren Buffett had offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit [...]...
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| Buffett Tells FOX Business Not Interested in Ambac, MBIA |
| 2008-02-05 22:55:31 |
Dispelling rumors running in the market, Berkshire Hathaway (BRK.A) chief Warren Buffett says they have no plans to bail out troubled bond insurers MBIA (MBI) and Ambac (ABK).
In an interview with FOX Business anchor Liz Claman, Warren Buffett said his strategy is to create new companies in the sector, rather than bailing out existing troubled [...]...
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| The Day the US Dollar Sets |
| 2008-02-03 06:58:16 |
I’m not too sure when these interviews were made, but I really liked the analogy given by Peter Schiff. Have a look.
Related PostsNo More US Dollars For Supermodel Gisele BundchenBrazilian supermodel Gisele Bundchen has joined Warren Buffett an...Warren Buffett Cuts Berkshire’s Bet Against US dollarJust a short update on some news before I finish up [...]...
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| More Subprime Woes |
| 2008-02-02 00:54:01 |
After missing a deadline to raise capital, the world’s fourth-largest bond insurer, Financial Guaranty Insurance Co., had its AAA credit rating cut to AA at Fitch Ratings.
The insurance unit’s top rating was placed under review by Fitch, Moody’s and S&P in December after downgrades of securities backed by subprime mortgages. Fitch gave the company until [...]...
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| George Soros on the Current Market Crisis |
| 2008-01-25 02:45:27 |
I just read an article by Soros">George Soros which was published in the Financial Times. Inside this article, George Soros talks about how the current crisis is the culmination of a credit expansion super-boom that has taken place over the past 60 years.
Some points from his article include:
End of an era of credit expansion with [...]...
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| Warren Ups Stakes in Burlington |
| 2008-01-18 03:11:35 |
This week, Warren Buffett paid close to $74 million for about a million shares in Burlington Northern Santa Fe. This pushes Berkshire’s stakes to nearly 18 percent.
The buying of Burlington shares has been picking up speed of late. Last week, another 750,000 shares were bought. There was a purchase made almost every day of that [...]...
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| Asia Trader and Investor Convention |
| 2008-01-12 11:20:49 |
Some of you might be interested in this event. Besides the Singapore event, it will also be held in Malaysia, Vietnam and India.
Asia Trader & Investor Convention (ATIC @Singapore 2008).
Date : 1 - 2 March 2008
Time : 9am to 6pm
Venue : Suntec Singapore, Hall [...]...
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| Berkshire Hathaway Assurance Insures Bonds |
| 2008-01-09 21:15:43 |
Berkshire Hathaway Assurance, Warren Buffett’s newly setup bond insurance firm, has insured bonds for the first time on Tuesday.
It was reported by Reuters that Goldman Sachs bought insurance for their $10 million worth of bonds from New York City.
Both Raymond Orlando and Mike Duvally, the spokesman of New York City office of management and Goldman [...]...
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| Sovereign Wealth Fund Investments |
| 2007-12-30 22:59:02 |
Recently, there have been a spate of sovereign wealth funds buying big stakes in distressed financials. Singapore’s Temasek Holdings and GIC, China’s China Investment Corp, and middle eastern funds flush with oil dollars have all injected cash into Morgan Stanley, Citigroup, UBS and Bear Stearns.
In an interview on CNBC, Warren Buffett mentions that he has [...]...
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| Free Briefs or Boxes |
| 2007-12-26 00:46:06 |
Joke by Warren Buffett:
At the Omaha airport on Saturday, we will have the usual array of aircraft from NetJets available for your inspection. Just ask a representative at the Civic about viewing any of these planes. If you buy what we consider an apprpriate number of items during the weekend, you may well need your [...]...
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| Loss Development in Insurance Accounting |
| 2007-12-23 23:09:15 |
Berkshire Annual Letter 2001 (Part 3)
Warren Buffett recommended reading Jack Welch’s book, Jack, Straight from the Gut.
In the words of Warren Buffett, Jack Welch is smart, energetic, hands-on, and expects much of both himself and his organisation.
In investing (just like insurance), you can produce outstanding long term results primarily by avoiding dumb decisions, rather than [...]...
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| Why do Most Investors Lose Money? |
| 2007-12-19 00:45:53 |
There are many reasons why an investor or a trader can lose money.
One main reason is being too fixated on the price of his stocks.
When Warren Buffett buys shares, he treats it as a purchase of a business (either whole or part of). The market price is simply a quote that he can use to [...]...
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| Christmas Video Gift |
| 2007-12-17 22:26:39 |
A Christmas video from me to you. This is a beautiful dance. Try not to cry when you watch this.
Related PostsMerry Christmas and Happy New Year!I would like to wish all my readers a Merry Christmas and offer m...Warren Buffett MBA Talk at University of Florida (Transcripts)About 2 months ago, I made a post that [...]...
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| Fed Rate Cuts to an Investor |
| 2007-12-11 23:52:32 |
The Fed had just cut rates by 25 basis points. This is the headline I see from Yahoo news.
“Stock Falls After Fed Cuts Rate“
This is another headline I see from the previous month:
“Stocks Rise on Fed Cut”
If you are a long term investor, should you even be concerned with whether the Fed is cutting or [...]...
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| Warren Buffett buys $2B worth of TXU bonds |
| 2007-12-05 22:48:11 |
Last week, Buffett">Warren Buffett put $2 billion of Berkshire Hathaway’s cash to work by buying high-yield bonds issued by Dallas-based power producer TXU Corp.
Berkshire(NYSE:BRK) bought into two bond issues by TXU. One was a $1.1 billion purchase of 10.25% bonds at 95 cents on the dollar to give Buffett an effective yield of 11.2%. Berkshire [...]...
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| Warren Buffett’s Video Tour of Berkshire Hathaway Headquarters |
| 2007-12-03 00:21:02 |
CNBC’s Becky Quick recently traveled to Omaha, Nebraska to shoot additional material for her one-hour special focusing on Buffett">Warren Buffett’s whirlwind tour of Asia.
While Becky was there, Warren Buffett gave her a tour of the Berkshire Hathaway offices. He talked about some of the mementos he’s collected and their personal significance to him, and to [...]...
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| Principles of Insurance Underwriting |
| 2007-11-27 21:39:42 |
Berkshire Annual Letter 2001 (Part 2)
To understand Berkshire, it is necessary to understand how to evaluate an insurance company.
The key factors are:
The amount of float that the company generates.
Its cost.
The long term outlook of both the above factors.
Usually, it is not the size or brand that determines whether an insurance company is profitably. What is [...]...
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| What a CEO Really Wants |
| 2007-11-25 22:50:05 |
Another joke by Warren Buffett.
Though Enron has become the symbol for shareholder abuse, there is no shortage of egregious conduct elsewhere in corporate America.
One story I’ve heard illustrates the all-too-common attitude of managers toward owners: A gorgeous wman slinks up to a CEO at a partyand through moist lips purrs, “I’ll do anything - anything [...]...
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| A Few of Warren Buffett Ground Rules For Investors |
| 2007-11-21 21:51:17 |
Berkshire Annual Letter 2001 (Part 1)
When Buffett">Warren Buffett first setup his investment partnership on May, 1956, he gave his other founding partners a short paper called “The Ground Rules“.
One of the ground rules stated that their performance would be measured relative to the general market performance, rather than on an absolute level.
A consistent out-performance of [...]...
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| The Results of Copying Warren Buffett |
| 2007-11-17 22:49:26 |
A soon-to-be released report of a study by Professor Gerald Martin of American University in Washington and Professor John Puthenpurackal of the University of Nevada has shown that investors would have earned close to twice the returns of the S&P 500 Index during the past three decades just by buying the same stocks that Warren [...]...
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| Updates of Berkshire’s Holdings |
| 2007-11-15 12:55:35 |
Here’s an update of the changes to Berkshire Hathaway’s holdings based on their latest 13F filing for the quarter ended 30th September 2007. Some of this would already have been known to you.
New Holdings:
CarMax Inc. (NYSE: KMX) 13,981,800 shares
WABCO Holdings Inc. (NYSE: WBC) 2,700,000 shares
Increased Holdings:
Bank of America (NYSE: BAC) from 8,700,000 [...]...
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