Word: buffetts
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Wall Streeters are comforted that some of the smartest investors seem to be confident. Warren Buffett, the Wall Street legend who in a lifetime has turned $9,000 into more than $3 billion, recently bought major stakes in troubled industries. He invested an estimated $250 million in Wells Fargo & Co. and $300 million in Champion International, a paper-products company. Laurence Tisch and his family-controlled Loews Corp. have sunk hundreds of millions of dollars into Bank of Boston and Continental Bank. Concludes security analyst Bruce Benteman, who tracks the nation's wealthiest stock pickers: "Everyone thinks our problems...
...lyrics bear down sharp but easy, perhaps because he came to country by a slightly different route. "When I was eight, I started collecting records," he remembers. "But it was the rock stuff that my older brothers had exposed me to. Then I got into Loggins and Messina, Croce, Buffett, Jackson Browne and James Taylor." He's had a total of one professional guitar lesson, and all it did was make him impatient. He just kept his eyes open around his hometown, where "there was always somebody with a guitar. I learned that with three chords I could transpose just...
Figuring the odds and bidding shrewdly are crucial skills for such high rollers as billionaire investor Warren Buffett and Bear Stearns chairman Alan ("Ace") Greenberg. That makes them all the more formidable at a favorite pastime of theirs: bridge. After the stock market closes, they bring their talents to high-powered card games at New York City's exclusive Regency Club. Their frequent opponents include CBS chairman Laurence Tisch and centillionaire publisher Malcolm Forbes...
...Mart discount chain from 276 stores at the decade's start to 1,379 locations by the end. When the '87 crash temporarily erased $2 billion of his personal fortune, he quipped, "It's paper anyway. It was paper when we started, and it's paper afterward." Warren Buffett, 59, the cowlicked Oracle of Omaha, built a $7 billion fortune on Wall Street by investing the old-fashioned way: buying stock and holding it. Said Buffett: "The market, like the Lord, helps those who help themselves...
FOOTNOTE: *Berkshire Hathaway, the holding company headed by famed investor Warren Buffett, is the priciest stock on the New York Stock Exchange. It closed last week...