Why Warren Buffett Loves Ketchup, Plain and Simple
For many Americans, Warren Buffett isn’t just one of the world’s greatest investors. He’s a folksy grandpa with a mysterious wizard’s touch. Everything about him—his upbringing, employees, travels, personal life, investing style, even his home decor—has been picked over for details about what exactly goes into his pixie dust. (There have been two dozen books published on him in the past year alone). Naturally, his $28 billion purchase of HJ Heinz with U.S.-Brazilian private equity group 3G Capital (owner of Burger King and a piece of Anheuser-Busch InBev) on Feb. 14 caused a lot of chatter. But the move is no mystery; it’s classic Buffett, and here’s why. Buffett lauded Heinz for good management and for making “great tasting products.” No surprise that the “Sage of Omaha” is a big burger eater. But that’s hardly enough to sway Buffett the number-cruncher. As market watchers know, he’s considered a value investor—someone who buys companies when they’re cheap—which ...
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Went to Omaha, all I got was a Buffett bobblehead
As attendance at the annual Berkshire Hathaway Inc. shareholders’ meeting has ballooned over the years, mutual-fund managers say it’s become trickier to land some personal time with Warren Buffett—but easier to take a piece of him home.
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Berkshire amends warrant deal with Goldman Sachs
OMAHA, Neb. -- Warren Buffett's company says it's changed its warrant agreement with Goldman Sachs Group Inc. to allow it to be settled with stock, cementing its place as a long-term investor....
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Buffett gives exec raise while his pay stays same
OMAHA, Neb. -- Warren Buffett's total compensation declined 14 percent last year to $423,923 as Berkshire Hathaway spent less on his security, but his salary remained unchanged at $100,000....
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Dow Hits Record, Erasing Great Recession Losses
(NEW YORK) — The stock market is back. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average has regained all the losses suffered during the Great Recession and reached a new high. The blue-chip index rose 125.95 points Tuesday and closed at 14,253.77, topping the previous record of 14,164.53 on Oct. 9, 2007, by 89.24 points. “It signals that things are getting back to normal,” says Nicolas Colas, chief market strategist at BNY ConvergEx, a brokerage. “Unemployment is too high, economic growth too sluggish, but stocks are anticipating improvement.” The new record suggests that investors who did not panic and sell their stocks in the 2008-2009 financial crisis have fully recovered. Those who have reinvested dividends or added to their holdings have done even better. Since bottoming at 6,547.05 on March 9, 2009, the Dow has risen 7,706.72 ...
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