MidAmerican Energy Holdings? 5. What is your assessment of Berkshire’s investments in Buffett’s Big Four: American Express‚ Coca-Cola‚ Gillette‚ and Wells Fargo? 6. From Warren Buffett’s perspective‚ what is the intrinsic value? Why is it accorded such importance? How is it estimated? What are the alternatives to intrinsic value? Why does Buffett reject them? 7. Critically assess Buffett’s investment philosophy. Be prepared to identify points where you agree and disagree with him. 8. Should Berkshire Hathaway’s
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Warren Buffett Business Masterminds By Robert Heller Introduction • All his investments were channeled through Berkshire Hathaway. • Buffett snubbed high-tech super growth stars and bough massive stakes in ordinary shares in long-established giants like AMEX‚ Coca Cola and Gillette • Never invest unless you can find something worth buying • He is interested only in realities and is free from any illusions • Common sense and consistent rationality win the
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“The Five Forces helped me” Some readers complained that in criticizing the Five Forces analysis I was trashing something that they had found useful. I am glad to hear that some people have found help from Porter’s five-forces model. It is however a bit like saying that we had success for over a thousand years in predicting the movements of the planets with the geocentric model of the universe‚ so why should we accept that the earth revolves around the sun? There are ways to reinterpret Porter’s
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Warren Buffet made a very promising choice to purchase PacifiCorp back in 2005 according to my investment analysis. Financial Health of PacifiCorp Initially‚ when analyzing PacifiCorp’s financials alone‚ one would assume that Warren Buffet made an overly optimistic decision (Exhibit 1); however‚ when comparing the financial leverage and return on assets to other companies within the same industry‚ one can see that PacifiCorp did not perform poorly on average (Exhibit 2). Just judging PacifiCorp
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Cost Concept According to this concept the asset is recorded in the books of accounts at the price paid for it and not at its market value. For example: if a business entity purchases a building valued at $15 million from a friend for $12 million‚ this asset would be recorded at $12 million and not at $ 15 million‚ because for the business entity the cost was $12 million and not $15 million. Now the basis for all future transactions relating to this building would also be at its cost‚ i.e. $12
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Slim was born in Mexico City‚ Mexico in 1940 to Christian parents‚ Julián Slim Haddad and Linda Helú‚ both of Lebanese descent. Linda Helú was born in Parral‚ Chihuahua‚ of Lebanese parents who had immigrated to Mexico in the late 19th century. His father immigrated to Mexico at the age of 14 in 1902 and changed his first name to Julián. In 1911‚ Julián established a dry goods store‚ La Estrella del Oriente (The Star of the Orient). By 1921‚ he had purchased real estate in the flourishing commercial
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Zong Xujian‚ (2007)‚ Seven Key Qualities of Successful Entrepreneurs‚ http://www.en8848.com.cn/Article/Management/Entrepreneurialism/33388.html 6. Morgan Housel ‚ (2010)‚ President Bush and Warren Buffett on the Financial Crisis‚http://www.fool.com/investing/general/2010/11/19/president-bush-and-warren-buffett-on-the-financial.aspx 7. Sun Birley and Ian C. MacMillan‚ (1995)‚ International Entrepreneur‚ published by Routledge London‚ pp.52-53 8. Nafziger‚ E. Wayne.‚ (1986) Entrepreneurship‚ Equity
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Case 3: Ben & Jerry’s 1) Ben & Jerry’s has not been successful in fulfilling all three elements of its mission statement. Ben & Jerry’s has been successful in the element of “Product”; they have continued to make‚ distribute‚ and sell the finest quality super premium ice cream in a wide variety of flavors. Ben & Jerry’s has also been successful in the element of “Social”. Since 1985 Ben & Jerry’s has donated 7.5% of its pretax earnings to various social foundations and
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(Charts) Chairman Warren Buffett the world’s premier investor? We think we know: Each was a natural who came into the world with a gift for doing exactly what he ended up doing. As Buffett told Fortune not long ago‚ he was "wired at birth to allocate capital." It’s a one-in-a-million thing. You’ve got it - or you don’t. Well‚ folks‚ it’s not so simple. For one thing‚ you do not possess a natural gift for a certain job‚ because targeted natural gifts don’t exist. (Sorry‚ Warren.) You are not a born
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Anshuman Bakshi Mr. Smith Honors Sophomore English‚ 4 February 6‚ 2013 Homeless and Hopeless Why do we work so hard? Why do we go through school and college just to get stuck at work all day? The answer is poverty. Poverty is the fear and scourge of all—the hidden evil that forces us to embrace our inner motivation. Unfortunately for the destiny of humanity‚ the majority of people selfishly work only for themselves‚ but throughout history there have always existed the unique and selfless people
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