Warren Buffett Interview : the best advice ever received

In a joint Huffington Post / Yahoo news interview The Oracle of Omaha Billionaire Berkshire CEO Warren Buffett was asked what the best piece of advice he’d ever received was , Buffet cited his father Surprisingly the answer was not directly related to business or money : “The biggest lesson I got is the power of unconditional love,” Buffett explained. “If you offer that to your child you’re 90% of the way home. If every parent out there can extend that to their child at a very young age – it’s going to make for a better human being.”

Source www.huffingtonpost.com

Warren Buffett investment Rules

Warren Buffett's first rule of investing is to not lose money. His second rule is to not forget the first rule.

Buffett tells Obama U.S. economy only halfway back

Obama told NBC that he heard Warren Buffett saying : 'We went through a wrenching recession. And so we have not fully recovered. We're about 40, 50 percent back. But we've still got a long way to go',
source Reuters

Buffett Posts $2 Billion in Collateral to Get CNA Asbestos Deal

July 15 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc., which was stripped of its top credit ratings over the last two years, agreed to put up $2.2 billion in a collateral trust to win a reinsurance deal with CNA Financial Corp.

The cash will fund asbestos and environmental claims from CNA clients. Omaha, Nebraska-based Berkshire will receive a $2 billion premium and the right to collect reinsurance of $200 million from third parties, CNA said today in a statement.
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Billionaire Paul Allen commits majority of his wealth to Charity

Billionaire Paul Allen announced he is pledging the bulk of his fortune -- an estimated $13.5 billion -- to charity.

Billionaire Paul Allen has taken his friend Bill Gates up on his challenge to publicly pledge the majority of his wealth to philanthropy.

Allen, who is 57, said today that he plans to leave the majority of his $13 billion estate to philanthropy to continue the work of his foundation and to fund scientific research. It was also a way of marking the 20th anniversary of the Paul G. Allen Family Foundation, which he started in 1990 with his sister, Jo Lynn Allen, and has since given 3,000 grants totaling about $400 million. .
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Warren Buffett New Home

Berkshire Hathaway goes to the S&P Ingersoll-Rand disappoints.