Weschler & Combs Miss S&P 500 Yardstick in 2014

It’s hard for even Warren Buffett to outdo himself on occasion. But, his soon to be successors Ted Weschler and Todd Combs have been doing an excellent job thus far. Until 2014, that is, when the protégés of Warren Buffett underperformed the S&P 500’s 11.4% return by quite a wide margin, according to Fortune. Out …

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Warren Buffett’s Simple Career Advice

After years of following a rigorous reading program and training himself with critical thinking exercises, it’s an understatement to say that Warren Buffett has a major understanding of business. Profits are all the proof that Warren Buffett needs. This holding company – Berkshire Hathaway – has amassed a market capitalization of more than $300 billion. …

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Buffett’s Stock Pickers Are Killing It

Things are looking good for Warren Buffett and his stock pickers. He plucked them from obscurity, but they are now managing billions of dollars worth of Berkshire Hathaway’s money. Todd Combs and Ted Weschler control more than $14 billion worth of Berkshire Hathaway’s money, and in the future they could eventually manage much more as …

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Gates & Buffett: An Awkward First Meeting

Bill Gates, worth an estimated $80 billion and considered the richest man in America, and Warren Buffett, worth $67 billion and the second wealthiest man. Even though Buffett is 26 years Gates’ senior, it’s quite obvious that these two billionaires are very good friends. Together, these gentlemen have worked toward asking the richest men and …

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Buffett Defends High Pay for CEOs

Warren Buffett recently defended the extremely high pay for CEOs and then brushed off the criticism by choosing not to vote in regards to a controversial compensation plan for executives at Coca-Cola, we learned about in an interview with Fortune that was just published on Monday morning. “I don’t think [CEO pay] is out of …

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Why Buffett Doesn’t Invest in Technology

Marc Andreessen, a venture capitalist from Silicon Valley, set many tongues wagging on Twitter the other day when he immediately dismissed Warren Buffett’s Bitcoin skepticism. He suggested that Mr. Buffett was an old white guy speaking negatively about technology that he didn’t understand. Andreessen is quite witty and quick, so he probably wasn’t trying to …

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Buffett’s NCAA Bet Prompts Yahoo Lawsuit

Dan Gilbert, Quicken Loans founder, and Warren Buffett said last month that they would pay $1 billion to the person who picked the perfect NCAA March Madness bracket. It looks like Yahoo actually had this idea first. Yahoo is currently being sued by a Dallas-based sweepstakes company. They claim that Yahoo owes them $4.4 million …

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Buffett Passed Up Opportunity to Buy Washington Post

Warren Buffett tells us that he chose not to buy the Washington Post because he was not looking to place an added burden on his family or his company. Berkshire Hathaway Inc., Buffett’s investing conglomerate, was also the largest shareholder of the Washington Post prior to it being sold to Amazon and Jeff Bezos, so …

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44 Year Old Buffett’s Advice about Playing the Market

Right after Warren Buffett joined the board of the Washington Post Company in 1975, he wrote a letter to Katharine Graham, chairman and CEO. He provided advice as to how the company should invest the money in its pension accounts. Fortune recently published all 19 pages of this document. They are definitely worth the read. …

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