Posted in Berkshire News on March 03, 2010 by Administrator
Warren Buffett told CNBC Monday that Berkshire Hathaway's businesses are "getting better," albeit at a "very, very slow pace."
Two market strategists offered their takes on Berkshire as an investment itself: Larry Coats Jr., president, chief executive and senior portfolio manager at Oak Value Capital Managment, and Vahan Janjigian, chief investment strategist at Forbes.
Posted in Berkshire News on February 17, 2010 by Administrator
Feb. 17 (Bloomberg) -- Berkshire Hathaway Inc. cut stakes in Johnson & Johnson, the world’s largest maker of health-care products, and Procter & Gamble Co., the No. 1 consumer-products company, as Chairman Warren Buffett raised cash for the biggest acquisition of his career.
Buffett’s company sold 26 percent of its stake in Johnson & Johnson, 9 percent of its Procter & Gamble, and 34 percent of oil producer ConocoPhillips, the Omaha, Nebraska-based company said yesterday in a regulatory filing. The stocks were the same ones Buffett sold a year earlier to fund investments in Goldman Sachs Group Inc. and General Electric Co. at the height of the credit crisis in 2008. More Information ........