Mexican tycoon Carlos Slim is now worth $53.5 billion according to the new Forbes Richest Persons in the World list. That puts him above Bill Gates and Warren Buffet, but unlike his US rivals, he remains relatively unknown outside of his native Latin America. There, he controls more than 200 companies. These range from telecoms, [...]
U.S. investor Warren Buffett holds just over 3 percent of leading reinsurer Munich Re AG, the German company said Tuesday. An ad hoc statement from the company said that Buffett has informed it he now has 3.045 percent of the voting rights in Munich Re. The statement attributed the holding to Buffett rather than to [...]
Once you have made the transaction of entering a trade, you have no say in what happens next. For example, once you purchase 100 shares of Google, the market and company management will determine what happens to your stock. Investing boils down to one assessment that you can control: the price you are willing to [...]
As an investor, you can select from many strategies to manage your portfolio. The most popular strategy is probably buy and hold. With the buy and hold strategy you purchase a stock and hold it for a long term period. The most famous buy and hold investor is Warren Buffett who claims his holding period [...]
Warren Buffett’s Berkshire Hathaway increased its Wal-Mart (WMT) holdings by almost 90 percent according to his latest SEC filings. Buffett now owns $2 billion of Wal-Mart stock. Buffett also added a small stake in ExxonMobile (XOM) of $95 million as of September 30.
Other changes include: a small stake in Travelers (TRV) added: 27-thousand shares worth [...]
The recent Town Hall event titled Keeping America Great showcased Warren Buffett and Bill Gates at Columbia University in New York City on November 12, 2009. Both self-made billionaires, Buffett and Gates are the embodiment of the American Dream. They both put their stock in America and reaped the benefits of the capitalist tradition. Since [...]
Updated stock buys reported to SEC by September 30, 2009.
Seth Klarman is a value investor and Portfolio Manager of the investment partnership The Baupost Group. Founded in 1983, The Baupost Group now manages $7 billion, and has averaged returns of nearly 20% annually since their inception. Seth Klarman is the author of the book Margin [...]
Warren Buffett announced the largest acquisition in the history of his holding company, Berkshire Hathaway. The Oracle agreed to buy the remaining shares – he already owned more than 22% – of railroad Burlington Northern Santa Fe (BNI) for $34 billion. The deal values Burlington at $100 a share, or 31% above yesterday’s close of [...]
