Economy

Warren Buffett hungry for deals

Warren Buffett hungry for deals

A few big takeaways from the letter for all investors. Buffett's initial investment in GE occurred in late 2008 at a time when the company "really had a problem" with its commercial paper.

Buffett explained how the hurricanes hurt the firm, saying, "My guess at this time is that the insured losses arising from the hurricanes are $100 billion or so".

Berkshire Hathaway was in possession of $86.4 billion in cash at the end of 2016. Buffett reminds us that, "Performance comes, performance goes". It was an uphill struggle for them from day one to pay themselves and the investors. "A willingness to look unimaginative for a sustained period - or even to look foolish - is also essential". At times, bonds are riskier than stocks.

This year, if an employee selects every game correctly and Creighton or Nebraska wins the NCAA title, the winning pool player will earn $2 million a year for life.

Buffett also plugged NFM in the letter noting discount pricing that will be available for shareholders May 1 through May 7 (around the May 5 annual meeting date) and noting, "Last year, the one-week volume for the store was a staggering $44.6 million". "At Berkshire, in contrast, we evaluate acquisitions on an all-equity basis, knowing that our taste for overall debt is very low".

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I thought they were so much fun, such a breath of fresh air. Maybe she had lost all sensitivity, Ms Ardern joked. Not that we need to get into those details".

But he warned that "virtually all" the deals he reviewed a year ago fell short of his requirement to buy at "a sensible purchase price".

The final lesson is that investors should "stick with big, "easy" decisions and eschew activity".

The tracker fund delivered 125.8% over the 10 years, versus gains of between 2.8% and 87.7% for the five hedge funds. Doing more doesn't mean getting more.

"If you look at our holdings, you would assume that we like them in the order in which they rank by dollar value of holdings, but if you look at them in terms of recent purchases over the previous year we've bought more Apple than anything else", said Buffett. The barrier was cost.

Buffett has always been highly critical of the high fees charged by hedge fund operators.

Rain on Sunday, milder through week
A soaking rain will continue overnight and the rain could be heavy at times, especially over areas to the south. On Sunday night, another disturbance will bring the potential for off-and-on rain through Monday morning.

Each manages about $12 billion of Berkshire's $170 billion investment portfolio, with the rest managed by Buffett and Berkshire vice chairman Charlie Munger.

Meanwhile, Buffett follows a simple guideline: The less the prudence with which others conduct their affairs, the greater the prudence with which we must conduct our own.

"Berkshire, itself, provides some vivid examples of how price randomness in the short term can obscure long- term growth in value".

Buffett has offered no apologies for alleged predatory lending practices of Clayton Homes, a company his company owns, and Berkshire Hathaway continued to invest in Wells Fargo amid what the Fed described as "widespread consumer abuses and compliance breakdowns".

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The bank adjusted the total liability of Rs 112.94 crore towards the company by way of deposit of the new corporate loan.�. The properties, at the time of taking the loan, were valued at over Rs 18 crore by Tech Mach International.