Word: hathaway
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WARREN BUFFETT The Berkshire Hathaway guru prefers companies like Wrigley's because the Internet won't "change how people chew gum." Currently down only $4 billion. WAS WORTH: $32 billion in 1999 NOW WORTH: $27.6 billion PAUL ALLEN Microsoft co-founder quits board of directors last month to focus on Web ventures, some of which Pop.com WebHouse) have been real duds. WAS WORTH: $22.4 billion in December in Microsoft stock NOW WORTH: $12.4 billion...
...upheaval follows famous troubles at another suffering hedge fund, Julian Robertson's Tiger Management, which has shut down, and at Berkshire Hathaway, where Warren Buffett's poor performance of late has put the stock into a historic tailspin. Buffett, of course, is no day trader. But totting up the problems of some of the world's most revered investors can be instructive--O.K., and a little...
Warren Buffett Berkshire-Hathaway Peak $37 billion Current $28 billion...
...Calif., and Bill Gross's Idealab.com in Pasadena, Calif., have fostered more than 150 Net start-ups in all, hitting pay dirt when their young charges go public. CMGI, which has partnered in Asia with Hong Kong businessman Richard Li's Pacific Century group, has been called the Berkshire Hathaway of the Internet. CMGI currently boasts a market capitalization of about $26 billion...
...nobody knows as many call girls as I do," he says. It began when Stein was a columnist for the Journal, spending his afternoons by the pool in his West Hollywood apartment building, which was populated by call girls. "I think I put a couple of them in Berkshire Hathaway and made them a lot of money," he says. His skills are so well known, he boasts, that pros he's never met spot him at bars and ask about mutual funds...