Word: buffett
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...activist and perennial third-party presidential candidate. He has now added a new title to his business card: fiction writer. His latest book, Only the Super-Rich Can Save Us!, is a 700-page populist fantasy in which a small group of billionaires and media moguls - led by Warren Buffett and including Ted Turner, George Soros, Bill Cosby, Yoko Ono and Phil Donahue - pool their massive resources to reform the U.S. With the help of a $15 billion war chest and a p.r. campaign starring a talking parrot, the group successfully unionizes Walmart, ends corporate influence on Congress, makes Warren...
...family has already been selling off stakes in some of its other businesses. It divested its Conwood tobacco company for $3.5 billion, sold a 60% stake in its Marmon Group industrial conglomerate to Warren Buffett's Berkshire Hathaway for $4.5 billion and even sold a 13.6% stake in Hyatt to Goldman Sachs and Madrone Capital Partners for $1 billion...
...from perfect - a concept car it revealed at the Paris auto show this year had its tires mounted backwards - but it received a boost last fall when American financial wizard Warren Buffett bought 10% of the company for $230 million, a stake that is now worth at least four times as much. "BYD is obviously way ahead of everyone," says Jack Perkowski, a Beijing-based businessman who has worked as an executive in the Chinese auto industry. "It has a core competency in the fundamental technology you need for electrics...
...other firms would not - for itself and its clients in an edgy market. It has paid back the billions of dollars, and then some, of taxpayer money the government forced it to take last October; raised billions of dollars in capital from private investors, including $5 billion from Warren Buffett; and urged its cadre of well-paid and high-performing executives to show some restraint on the conspicuous-consumption front...
...gold is not an important part of your portfolio? I've never understood gold and why you would want to own an asset that has no income return and actually costs you money to own and store. I sort of agree with what [Warren] Buffett said, about how he never understood why they send a bunch of men 5,000 feet under the ground in Africa to bring out this metal, and then they ship it all across the world and it's buried 1,000 feet underground at the Bank of England and the U.S. Treasury. There is something...