Last week, a financial website published the Gates Foundation’s investment portfolio, including 500,000 shares of Monsanto stock with an estimated worth of $23.1 million purchased in the second quarter of 2010
Some of the biggest investors in the world like Warren Buffett,George Soros,and Carl Icahn are buying stocks and that's a bullish sign, says James Altucher, Wealth Adviser contributor.The economy is growing the GDP is up it is business as usual There's plenty to learn from their picks, Altucher says . Warren Buffet just bought $400 million dollars worth of J&J instance , Johnson & Johnson he also added to his position of Sanofi-Aventis and Becton , Dickinson they are all healthcare companies what Warren Buffet is saying basically is with an aging baby boomer focus on these healthcare companies population ....etc...
Recently Warren Buffett via his Berkshire Hathaway bet big on healthcare. He raised his stake in Johnson & Johnson by close to 73% in what's considered a classic Buffett "value play." Warren Buffett's Berkshire also positioned itself on the healthcarte sector by adding to its stake in the medical device maker Becton Dickenson and drugmaker Sanofi-Aventis.Buffett also picked up 4.4 million shares of the mid-cap tech company, Fiserv. via pr-canada.net
Regarding the next CEO of Berkshire, Buffett said his successor would come from within the company. The Wall Street Journal has reported that David Sokol, the chairman of Berkshire unit MidAmerican Energy Holdings, is a frontrunner.
"We have multiple candidates that would all be good at the CEO job, but if something happened to me tonight, I know and the board knows who they would pick," he said. "We spend the majority of our time in directors meetings talking about succession."
via Chicago Tribune
Warren Buffett : “We will gather the Pledgers to talk about big problems in philanthropy and learn as a group about being smarter about philanthropy…” “We want the general level of giving to step up… We want the Pledge to help society become even more generous. We hope the norm will change towards even greater and smarter philanthropy…” via www.tacticalphilanthropy.com
Billionaire chairman's derivative bets on equity indexes slide after a retreat in global stocks
Omaha: Warren Buffett's Berkshire Hathaway said second-quarter profit declined 40 per cent as derivative bets on equity indexes by the billionaire chairman slid amid the retreat of global stocks.
Net income fell to $1.97 billion (Dh7.2 billion) or $1,195 a share, from $3.3 billion, or $2,123, in the same period a year earlier, the Omaha, Nebraska-based company said yesterday in a statement.
It's impossible to talk about billionaire investors without bringing up Warren Buffett. Known as the "Oracle of Omaha," Buffett is considered by many to be the world's best investor. Forbes ranks him as the second-wealthiest man in the U.S. (after Microsoft founder Bill Gates), and the richest investor with a fortune valued at $47 billion in 2010.
Through his storied firm Berkshire Hathaway (NYSE:BRK.A,BRK.B), Buffett has made some major moves in the last year, most notably the acquisition of Burlington Northern, which ceased trading earlier in 2010. But the railroad giant isn't the only big purchase Buffett has under his belt.
While Buffett didn't initiate any new positions in Berkshire's portfolio in Q1, he did up the stakes in a few of the company's portfolio positions, including waste management firm Republic Services (NYSE:RSG), document management company Iron Mountain (NYSE:IRM) and medical supply giant Becton, Dickinson (NYSE:BDX).
Berkshire Hathaway also closed positions in a handful of companies, including WellPoint (NYSE:WLP) and UnitedHealth Group (NYSE:UNH), two major health insurers. (For more picks, see A Glimpse Into Buffett's Portfolio.)
Thirty-four U.S. billionaires pledged Wednesday to give away at least 50 percent of their wealth to charity as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates. Bill Gates - Microsoft - Warren Buffett - via WWW.MSNBC.MSN.COM
FORTUNE -- Warren Buffett likes to say his ideal investment horizon is forever. And that's the timeline of many investors in his Berkshire Hathaway conglomerate. Most buy Berkshire shares, then hold and hold and hold. Full Article >>>>
Li Lu, A former Chinese student leader turned hedge fund manager is said to be a candidate for successor to Warren Buffett at Berkshire Hathaway, the Wall Street Journal reported Friday.
Li Lu, 44, is a Chinese-American who went to the US after the June 4 incident in 1989 and made a huge fortune in Asian technology stocks, could be in line to be one of the candidates to replace billionaire Warren Buffett, the world's most famous investor, who has an estimated wealth of $47 billion, the Wall Street Journal said.