Warren Buffett just made a quick $12 billion on a clever Bank of America investment
Because of an astute investment made in Bank of America six years ago while the bank was struggling, Warren Buffett is about to make a quick $12 billion and become the financial institution’s largest shareholder. Buffett‘s Berkshire Hathaway said Friday it will exercise warrants in Bank of America that will allow it to acquire 700 […]
14 billionaires join Bill Gates, Warren Buffett in giving away more than half their money
Welcome the newest class of billionaires who have pledged to give the majority of their wealth to philanthropic causes. Fourteen more billionaires have signed on to the Giving Pledge – the initiative created by Bill and Melinda Gates and Warren Buffett in 2010 to “help address society’s most pressing problems” by shifting “the social norms […]
The Brazilian billionaire who bought Heinz and Burger King is trying to strike a $250 billion deal
Jorge Lemann is behind some of America’s most iconic consumer brands. The Brazilian billionaire’s investment company, 3G Capital, has invested in or backed takeovers of Kraft, Heinz, Burger King, Tim Hortons, Anheuser Busch and SAB Miller. Now, Kraft Heinz — which counts Lemann and Warren Buffett among its top shareholders — is pushing for a deal for […]
$60 Billion Industry Gets New Eco-Friendly Locomotives
FREIGHT TRAINS DON’T get much love, or thought at all, really, from the general public. Most people rarely see them, even fewer put serious thought into what they’re up to. But they’re out there, and they’re vital to any country’s economy. Rail accounts for 40 percent of US freight transport by ton-mile, with trucks accounting […]
The keys to financial success
Wall Street wants you to believe you can beat the market, because market-beating efforts are a big moneymaker—for financial firms. But it hasn’t worked out so well for investors.Yes, Warren Buffett has beaten the market over a lifetime of investing. But there aren’t many others. The math of investing is brutal. Before costs, we collectively […]