Berkshire Hathaway

Warren Buffett Explains why gold and other non-productive assets are overvalued. #in #fb

This is an excerpt from Warren Buffet’s annual letter to shareholders.  This letter is usually filled with earthy business wisdom and this year’s is no exception.  This excerpt talks about why Buffett won’t purchase non-performing assets such as gold or bonds… Today the world’s gold stock is about 170,000 metric tons. If all of this …

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Berkshire Hathaway will have to find a new heir apparent

Wed Mar 30, 2011 7:17pm EDT (Reuters) – Legendary investor Warren Buffett lost his leading heir apparent at Berkshire Hathaway on Wednesday, when his favored lieutenant David Sokol resigned.  Here is an article from today’s Globe and Mail outlining why. Sokol, who was chairman of MidAmerican Energy and NetJets, resigned after buying shares in a company …

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