GenevaLunch » Warren Buffett

Romney’s former Swiss bank account viewed as part of larger picture of wealth

Ellen Wallace — Tue, 24 Jan 2012 11:11:51 +0000

GenevaLunch.com GENEVA, SWITZERLAND – US Presidential candidate Mitt Romney, whose estimated net worth is $190-250 million, has made public more than 500 pages of tax records after losing the South Carolina primary over the weekend to Newt Gingrich, who accused the former financial investment manager of not coming clean about his wealth. It is the first-ever [...]

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Buffett repeats US debt oracle: tax the rich

Ellen Wallace — Tue, 16 Aug 2011 06:05:23 +0000

GenevaLunch.com GENEVA, SWITZERLAND – It’s not the first time super-investor Warren Buffett has said the US government should stop giving so many tax breaks to the rich, but his op-ed piece published by the New York Times Monday 15 August had a special impact because of the crisis over the spiraling US government debt. Buffett’s suggestion [...]

Buffett repeats US debt oracle: tax the rich © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Forget the nationalities – few women on Forbes richest list

Ellen Wallace — Thu, 11 Mar 2010 07:29:16 +0000

GenevaLunch.com Geneva, Switzerland (GenevaLunch) - World media have been celebrating International Women’s Day for much of the week, with stories about the progress made by women in the past 100 years, particularly in politics and economically. But women are conspicuously small in numbers on Forbes latest list of the world’s rich. You have to move beyond [...]

Forget the nationalities – few women on Forbes richest list © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Buffett’s biggest bet ever is on railroad

Ellen Wallace — Wed, 04 Nov 2009 06:42:49 +0000

GenevaLunch.com Warren Buffett, the world’s second richest man, is paying $26 billion through his Berkshire Hathaway company for the Burlington Northern Santa Fe Corp. The purchase price is 31.5 percent over the closing price of the company’s stock Monday 2 November. It is Buffett’s largest ever acquisition and will likely lead to the sale of some [...]

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Warren Buffett says tennis crowd would call his mistakes “unforced errors”

Ellen Wallace — Sat, 28 Feb 2009 22:58:36 +0000

GenevaLunch.com The investment crowd loves Warren Buffett and in criticizing his own mistakes during the past year in his annual newsletter, published 28 February, he may be the rare head of a holding company who will be appreciated rather than reviled by his investors. The New York Times details his mea culpas, but also his anger [...]

Warren Buffett says tennis crowd would call his mistakes “unforced errors” © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss Re loses CHF1 billion, Buffett to the rescue but 17% share slide

Ellen Wallace — Thu, 05 Feb 2009 07:43:05 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) - The world’s largest re-insurance company, Swiss Re, lost CHF1 billion in 2008, unaudited figures published 5 February shows. Shares immediately nose-dived 17% in Zurich trading. Swiss Re released its figures early after its shares fell in recent days. The company says it is raising CHF3 billion through Warren Buffett’s US company [...]

Swiss Re loses CHF1 billion, Buffett to the rescue but 17% share slide © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Warren Buffett drops $5bn on Goldman Sachs

Ellen Wallace — Wed, 24 Sep 2008 08:14:03 +0000

GenevaLunch.com Markets around the world reacted positively to the news that Warren Buffett’s Berkshire Hathaway investment firm is buying a $5 billion stake in Goldman Sachs.Reuters The deal gives him an “instant paper profit of $435 million,” reports Bloomberg.

Warren Buffett drops $5bn on Goldman Sachs © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Buffett’s warning against derivatives now remembered

Ellen Wallace — Fri, 19 Sep 2008 05:43:35 +0000

GenevaLunch.com Mega-investor Warren Buffett five years ago warned that financial derivatives were a “time bomb” waiting to go off and he ordered the insurance branch of his company, Berkshire Hathaway, to get out of the business, reports Reuters. The original story: BBC, March 2003, Buffett told Fortune magazine that such contracts were devised by “madmen.” Commentary, [...]

Buffett’s warning against derivatives now remembered © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.