Buffett bets another $7bn on US stocks, but dumps Murdoch’s scandal-hit Fox
Warren Buffett’s Berkshire Hathaway spent the first quarter fine-tuning its investments in airlines and technology companies, and retreating from 21st Century Fox.
Geico
CEO Larry Page: Google restructuring to mimic Buffett’s “perfect” Berkshire
Google Inc. CEO Larry Page speaks affectionately of fellow billionaire Warren Buffett’s approach to business. With the decision to restructure the Internet-search giant, Page is putting Buffett’s influence into practice.
Warren Buffett: I’ve made Berkshire “unbundling-proof”
At the AGM in Omaha, there are always questions about what will happen when Buffett, 84, leaves. Here’s the Oracle’s updated response from Saturday’s event.
🔒 WEBINAR: Google and Amazon surprise
Alec Hogg and Simon Brown run through updates of the Biznews Global Share Portfolio, run through Webtrader, for a look at how Biznews shares are performing.
Kaplan vindicated on Pinnacle – but not jumping back into the shares just yet
On March 27, our go-to tech sector investment analyst Irnest Kaplan came through to the CNBC Africa studio to explain why the 50% plunge in Pinnacle Group stock was unjustified. The shares had been hammered after allegations one of its directors had tried to pay a R5m bribe to secure a R165m contract from the … Read more
Warren Buffett under fire for supporting tax-driven Burger King move to Canada
Berkshire Hathaway chairman Warren Buffett (right) is close to the Obama Administration. He supported Obama ahead of his first Presidential Election and is a confidant on important economic issues. Buffett has also been the flag waver for a proposal to ensure every American earning over $1m pays 30% of it in tax. But if media … Read more
Herman Bosman: Handpicked by billionaires to run their R45bn business
One of the SA financial services sector’s brightest minds and former head of Deutsche Bank SA, 45 year old Herman Bosman, has been in his new office for just over a month. CEO-designate of RMI (market cap: R45bn) and RMH (R72bn), he was hand-picked for the role by FirstRand’s founding trio GT Ferreira, Laurie Dippenaar … Read more
Warren Buffett: Some of my thoughts about investing
On May 3, I will be among around 30 000 who make the annual pilgrimage to Omaha for the annual general meeting of Berkshire Hathaway, the $286bn group built by Warren Buffett (83) and his business partner Charlie Munger (89). The two gents spend five and a half hours answering questions from the audience in … Read more
Discovery, the Great Disruptor, again proves why it’s a cornerstone for any long term investment portfolio
It’s well known in Johannesburg that the smartest kids have a straight choice between joining Discovery, the locally-based financial services group, or Glencore, the global resources giant run by Joburger Ivan Glasenberg. Both groups put a premium on intellect and an ability to embrace complexity. But while Glencore is already established in its field as … Read more