Warren Buffett 1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically‚ what does the $2.55 billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? Answer1: The increase in the stock price of Scottish Power plc and Berkshire Hathaway indicate a market approval for the acquisition and created value for both buyers and sellers. Answer2: a
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Introduction: Berkshire Hathaway is a holding company based in Omaha‚ Nebraska that oversees and manages a number of subsidiary companies. Warren Buffett is the chairman and CEO of Berkshire Hathaway and one of the wealthiest men in the world. He is known as the “Sage of Omaha” for his remarkable savvy in the stock market. What does the company’s code of ethics say about the rights of its workers‚ shareholders‚ consumers‚ and suppliers? Berkshire Hathaway’s Code of Ethics covers directors‚ officers
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Ludwig von Mises‚ Meet Benjamin Graham: Value Investing from an Austrian Point of View Chris Leithner Leithner & Co. Pty Ltd Leithner Investments Pty Ltd Level 3‚ Benson House 2 Benson Street Toowong‚ Queensland‚ Australia chris@leithner.com.au www.leithner.com.au Paper Prepared for “Austrian Economics and Financial Markets” The Venetian Hotel Resort Casino Las Vegas‚ 18-19 February 2005 I acknowledge the helpful comments of Robert Blumen and Prof Roger Garrison. DRAFT – FURTHER COMMENTS WELCOME
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All that glitters is not gold Ambanis and Mittals are no Buffetts and Gates. But we can’t blame them for the appalling poverty that prevails in India Now that Durga Puja’s son et lumiere has faded‚ comment might be permitted on what this annual exercise of expensive competitive showmanship reveals of popular taste. That no doubt explains why no one voices the real charge that should be levelled at the super-rich who should be in the dock not for spending too much but for the waste and crass
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Now‚ let me tell you a story. A young man asked an old rich man how he made his money. The old man said‚ “Well‚ son‚ it was 1932‚ I invested ten cents in two apples. I spent the entire day polishing the apples and sold them for 20 cents. I continued this system for a month‚ by the end of which I’d accumulated a fortune of 1 dollar and 30 cents. Then‚ I invest this money to another business until now I have the fortune about 20 millions. “From the story‚ the old rich man finally becomes rich through
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1.What were the possible synergies and forces propelling the merger between P&G and Gillette—as well as the history of other takeover attempts for Gillette? Both P & G and Gillette were established in the early 1900’s and served similar purposes. Gillette and P & G are both strong‚ stable companies and could make an even stronger company. One of the propellers causing the companies to merge was that Gillette sold to men while P & G focused on women in the industry. These companies sell similar
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Cudgel 1 Carnegie Generosity to Society Was Andrew Carnegie’s amazing rags to riches story and unheard-of devotion to charity made him the perfect poster boy for the Industrial Revolution and today’s Society. Andrew Carnegie was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist. Carnegie “was often noted as saying the man who dies rich dies disgraced”‚ (Carnegie) the” Gospel of Wealth” 1900 influence him to give to different mode
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a whirlpool of strong emotions‚ affecting our own emotions causing us to make irrational decisions. The first order of business to be a value investor is to get a grip on your emotions and approach collapsing stocks in a calm and measured way. Buffett: Be greedy when others are fearful; fearful when others are greedy 3.OBTAIN THE LOWEST AVERAGE
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Berkshire Hathaway is an American multinational conglomerate holding company that oversees and manages various subsidiary companies (Berkshire Hathaway‚ 2011). The current members of the Board of Directors are Warren Buffett‚ Charlie Munger‚ Walter Scott Jr.‚ Thomas Murphy‚ Howard Graham Buffett‚ Ronald Olson‚ Donald Keough‚ Charlotte Guyman‚ David Gottesman‚ Bill Gates‚ Stephen Burke‚ and Susan Decker (Berkshire Hathaway Inc.‚ 2011). The primary job of the Board of Directors is to see that the right
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September 30‚ 2012. It supports grantees in all 50 states and 100 countries internationally in areas of global development‚ global health‚ United States program‚ and a smaller charitable support initiative sector. Bill Gates‚ Melinda Gates‚ and Warren Buffett give direction to CEO Jeff Raikes and co-chairmen William H. Gates Sr. regarding grant allocation and investments. (Gates Foundation) After reading the Gates Foundation website and the wealth information on those involved in the foundation‚
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