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...never had to. His latest blockbuster deal came two weeks ago when Walt Disney Co. agreed to pay $19 billion to acquire Capital Cities/ABC. Buffett, whose Berkshire Hathaway holding company is the largest stockholder of Capital Cities/ABC, brokered the buyout and saw the 20 million shares that Berkshire had acquired for $345 million a decade ago surge to a value of $2.3 billion as a result of the deal. The merger raised the value of the investment by $400 million overnight...

Author: /time Magazine | Title: NOW HE'S EVEN RICHER | 8/21/1995 | See Source »

...operations, did not agree. He told Casey, "I think we've been penetrated." Not until October 1986, however--almost a year after the CIA began to realize it had a serious problem--did it finally act to try to pinpoint the source of the trouble. George ordered Gus Hathaway, the counterintelligence chief, to appoint a small special task force to study the problem. Hathaway named Vertefeuille, who had returned from Gabon, as the head of the task force...

Author: /time Magazine | Title: THE AMES SPY HUNT | 5/22/1995 | See Source »

...tired of being treated as if you were born yesterday? The fashionable novelist Richard Price has done a reasonably good job of slipcovering the source of this remake's screenplay, and Schroeder has energetically tarted up his version of a film Henry Hathaway originally shot in a rather austere semi-documentary style. But the fact is that the basic situation, most of the main narrative beats and all the major characters are essentially as they were 48 years ago (as a trip to any well-stocked video store will prove...

Author: /time Magazine | Title: A KISS IS STILL A KISS | 5/1/1995 | See Source »

...other Buffett buffs were waiting for their hero to write a book that explains how he does it, Hagstrom came out of nowhere as a replacement author. The publication last November of his book, The Warren Buffett Way, helped spark a sudden rise in the stock price of Berkshire Hathaway from $16,000 to a record $25,000 a share (this is no penny stock). Since Buffett owns 42% of Berkshire Hathaway, Hagstrom's effort made Buffett $2 billion richer, at least temporarily. This is the biggest favor ever done to a subject by a writer, and Hagstrom has never...

Author: /time Magazine | Title: HOW SMART IS WARREN BUFFETT? | 4/3/1995 | See Source »

...Poor's took all the attributes of a Buffett-type investment (consistent profitability, high return on equity, etc.) and programmed a computer to spit out the names of the companies that qualified. Thirty did, but only two of those stocks are actually found in Buffett's portfolio at Berkshire Hathaway. As the Standard & Poor's computer sees it, most of Buffett's biggest holdings, with the exception of U.S. Tobacco and Coca-Cola, shouldn't be there. This poses a problem: If you want to invest like Buffett, do you buy the stocks he owns--or the stocks a computer...

Author: /time Magazine | Title: HOW SMART IS WARREN BUFFETT? | 4/3/1995 | See Source »

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