Berkshire Hathaway Retains Credit Rating

Warren Buffett – billionaire investor and CEO of Berkshire Hathaway – just learned that the Standard & Poor’s (S&P) has reiterated its credit rating. After reevaluating the conglomerate, the outlook was even moved up to stable from negative. The overall ratings were definitely kept intact are included by Berkshire Hathaway’s counterparty credit of AA/A- 1+ …

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Washington & Warren Buffett

It’s great to be the investing king. Two particular events that took place yesterday show us that it’s also good to be friends with President Obama. Businesses owned by Warren Buffett, the Democratic billionaire, are enjoying what could be construed as a light touch from Washington. The Surface Transportation Board from the government announced on …

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Is Insurance Warren Buffett’s Ace In The Hole?

Insurance is a big reason why Berkshire Hathaway’s risk-adjusted investment return has been able to beat every mutual fund since the year 1976. We learn this according to a new research paper from New York University and AQR Capital Management, told by The Economist. The insurance and reinsurance companies that are part of Berkshire Hathaway …

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Cigna Will Pay Berkshire Hathaway $2.2 Billion For Annuity Lines

– CIGNA is going to pay Berkshire Hathaway $2.2 billion to take added annuity exposure – Berkshire Hathaway is going to reinsure CIGNA’s annuity businesses, and cover up to $4 billion of their future claims – CIGNA tells us that the move boosts their financial flexibility and removes some risk CIGNA Corp. recently struck a …

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