> Warren Buffett Blog: February 2013

Thursday, February 28, 2013

Buffet sells shares in P&G and JNJ

Buffett's latest 13F filing shows two stocks he dumped during the third quarter of 2012 have continued to provide solid performance.

Johnson & Johnson (NYSE: JNJ)
Procter & Gamble (NYSE: PG)

Wednesday, February 27, 2013

Key to Berkshire future

The key to Berkshire’s future is less about Buffett (and his successors) finding great investment ideas as it is maintaining the ability to rent its reputation, so those ideas come begging to Berkshire’s door. “It takes 20 years to build a reputation, and five minutes to ruin it,” Buffett likes to say. Let’s hope that remains Berkshire’s motto.

Key to Berkshire future

The key to Berkshire’s future is less about Buffett (and his successors) finding great investment ideas as it is maintaining the ability to rent its reputation, so those ideas come begging to Berkshire’s door. “It takes 20 years to build a reputation, and five minutes to ruin it,” Buffett likes to say. Let’s hope that remains Berkshire’s motto.

Friday, February 8, 2013

Buffet buys solar company

Recently Buffet acquired an enormous Sunpower plant in California, worth as much as $2.5 billion this is Buffet’s second big buy in utility scale solar in the western USA.
Last year, around the same time the same company bought a FirstSolar power plant for $2B and change.

Does this mean Solar Companies are a buy ? Possibly.

Thursday, February 7, 2013

Wednesday, February 6, 2013

Warren Buffet buys newspaper company


Warren Buffett's Berkshire Hathaway Inc. said that is adding the Greensboro, N.C., News & Record to its growing newspaper division.

Berkshire bought the 122-year-old daily newspaper from Landmark Media Enterprises, based in Norfolk, Va.

Buffett has said he thinks newspapers will continue earning a decent return as long as they remain the primary source of information about their communities. Newspapers remain a relatively small part of Berkshire Hathaway, which owns an assortment of more than 80 subsidiaries and holds major stakes in companies like Coca-Cola Co., Wells Fargo and IBM.



Tuesday, February 5, 2013

Warren Buffet bullish on US banks


The banks will not get this country in trouble, I guarantee it," Warren Buffet recently said. The capital ratios are huge, the excesses on the asset side have been largely cleared out... we own bank shares and I personally own stock in banks. I do not see problems in these things.

Currently Buffet owns Wells Fargo and US Bank, and possibly others.

Monday, February 4, 2013

Chinese Warren Buffet in court


The self-proclaimed “Chinese Warren Buffett” was sentenced Friday to six years in prison and ordered to pay a fine of $2.8 million.

Tang, lured 200 people into a $52 million Ponzi scheme by posing as an ultra-successful investor. But he’s now destitute, living on welfare and says he cannot compensate his victims.


Warren Buffet bid for NYSE Euronext

Warren Buffet made a bid to acquire New York Stock Exchange operator NYSE Euronext last November, but his offer was less than one already on the table from ICE Inc

Had Berkshire done the deal, it would have been somewhat small by Buffett's standards. He spent much of 2012 trying to do deals in the $20 billion range, and even said at one point that he might have to look at doing a $30 billion deal this year.