Buffett's
gain wiped out as IBM abandons Earnings Goal - Bloomberg, 20 October
2014 Warren Buffett's margin of safety just got erased. The billionaire investor spent about $10.9 billion three years ago amassing a stake in International Business Machines Corp. (IBM) and has since bought more. The computer-services company's surprise announcement today that it was abandoning its 2015 earnings forecast caused the stock to plunge, lowering the value of Buffett's holding by about $900 million. Buffett reduces stake in Tesco to under 3 percent - Associated Press, 16 October 2014 Warren Buffett's Berkshire Hathaway has reduced its stake in British retailer Tesco to under 3 percent, offering a fresh slap to the struggling company. Why Warren Buffett wants to sell houses, cars and a whole lot more – CNN Money, 13 October 2014 Even those with only a passing interest in business affairs are familiar with the grandfatherly visage and folksy wisdom of investing sage Warren Buffett. And his long-time investing vehicle, Berkshire Hathaway, is almost a household name as well. Yet, for the most part, the Berkshire brand has remained behind the scenes. Is Berkshire Hathaway becoming the virgin of unsexy Brands? - Forbes, 07 October 2014 Berkshire Hathaway has bought the nation's 5th largest private auto dealer, and its announced plans to buy more seems to foretell a Coke vs. Pepsi-like battle with AutoNation AN +1.89%. What's less obvious, or altogether clear, is whether Warren Buffett sees himself as a frumpy version of consummate brand-extender Richard Branson. Warren Buffett: I made a mistake on Tesco - CNBC, 03 October 2014 Warren Buffett said he was wrong when it came to investing in Tesco. "With Tesco, we definitely made a mistake. I made a mistake on that one more than anybody else made a mistake ... That was a huge mistake by me," the billionaire told "Squawk Box" on Thursday. Buffett's biggest deals and how Van Tuyl stacks up – The Wall Street Journal, 02 October 2014 Warren Buffett announced Berkshire Hathaway Inc.'sBRKA +0.17% latest acquisition Thursday morning — the Van Tuyl Group, the fifth-largest auto dealership in the U.S Berkshire's entrance won't radically alter Dealership Landscape - Morningstar, 02 October 2014 Buffett will increase the competition for acquisitions, but there are still plenty of opportunities for the publicly traded dealers in this fragmented market. How Buffett deals with Speed Traps - The Wall Street Journal, 02 October 2014 He may be an octogenarian but Warren Buffett is still trying to break the speed limit. His firm Berkshire Hathaway announced on Thursday that it is acquiring Van Tuyl Group, America's biggest privately-owned auto dealership for an undisclosed sum. Mr. Buffett says he intends to buy more dealerships over time. Berkshire's Buffett: Coke compensation plan makes 'great sense'- CNBC - Reuters, 02 October 2014 Warren Buffett, the chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday. Buffett nabs car dealership as first step into fragmented market - Market Watch, 02 October 2014 Warren Buffett already had the planes and trains. Now he's got automobiles. Buffett's Berkshire Hathaway Inc. BRK.A, +0.17% on Thursday announced an agreement to acquire Van Tuyl Group, the fifth-largest auto dealership firm in the U.S., and Buffett said he plans to use the newly acquired company as a platform to make an even bigger move into the fragmented market for car sales. | |
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