Berkshire will contiue to hunt for acquisitions similar to that of a Lubrizol, which Buffett and Munger described as a company with dynamic operations that owned productive assets.
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"American Eagle has no long-term debt, which both my Buffett- and Lynch-based models like, " says Reese.
Berkshire Hathaway (nyse: BRKA - news - people ), which is controlled by billionaire investor Warren Buffett and owns reinsurance giant General Re , has also said it will have claims but declined to estimate their extent.
While Buffett was speaking in generalities, it got me wondering how ADM, GD, and EXC stacked up against my Buffett-inspired Guru Strategy, which is based on the approach Buffett used to build his empire (a strategy that Mary Buffett, his former colleague and daughter-in-law, disclosed in her book Buffettology).
Peter Buffett and his wife Jennifer run the NoVo Foundation, which works to empower girls and women and end violence against them.
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Rather than quibble over which billionaire is more worthy of following, we looked for stocks both Buffett and Lynch can appreciate.
Last year, Gates and fellow billionaire Warren Buffett initiated The Giving Pledge, which is a campaign to encourage the wealthiest people in the U.S. to commit to donating a majority of their wealth to charity.
You can see a video interview with him here, in which he describes being inspired by the generosity of American billionaires Bill Gates and Warren Buffett.
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Tuesday morning, Warren Buffett and Goldman Sachs amended their agreement on warrants held by the former, which will give the billionaire a larger equity stake in the bank come October.
It is that instead of Buffett lending that money to Bank of America and Goldman and any others he is propping up(which in my opinion should be allowed to fail and fail hard so as to prevent their business models from contaminating the economic picture ever again) is for him to use much less of it in a philanthropic manner.
The plan, which Buffett floated to the companies last week, would effectively give the Omaha billionaire control over the companies' good books and leave them to deal with the bad stuff: credit-derivatives exposure that threatens to swamp their over-leveraged capital bases.
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