Sunday, December 22

Tag: Berkshire Hathaway

Auto Insurers Can Go With the Flo
31Dec By adminNo Comments
Money

Auto Insurers Can Go With the Flo

Those ubiquitous insurance ads, with characters like Progressive’s Flo, or Geico’s Gecko, were probably a bit harder to spot in 2023. Home-and-auto insurers faced tough conditions as they worked to increase their rates to keep up with some fast-rising claim costs and cut back on marketing spending. But with underwriting performance at Progressive steadying in the most recent reports, and inflation in auto-repair costs slowing but sticking around in car-insurance costs, it wouldn’t be a shock to see Flo a bit more in 2024—as well as flows into stocks such as Progressive.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Auto Insurers Can Go With the Flo
31Dec By adminNo Comments
World

Auto Insurers Can Go With the Flo

Those ubiquitous insurance ads, with characters like Progressive’s Flo, or Geico’s Gecko, were probably a bit harder to spot in 2023. Home-and-auto insurers faced tough conditions as they worked to increase their rates to keep up with some fast-rising claim costs and cut back on marketing spending. But with underwriting performance at Progressive steadying in the most recent reports, and inflation in auto-repair costs slowing but sticking around in car-insurance costs, it wouldn’t be a shock to see Flo a bit more in 2024—as well as flows into stocks such as Progressive.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Greg Abel Is the Next Big Name at Berkshire Hathaway
23Dec By adminNo Comments
Money

Greg Abel Is the Next Big Name at Berkshire Hathaway

Listen to article(1 minute)Berkshire Hathaway’s future chief executive officer is no Warren Buffett. Fortunately for Greg Abel, he doesn’t have to be. Buffett, the 93-year-old chairman and CEO, unwrapped one of corporate America’s longest-running mysteries in 2021 when he confirmed that Abel was his pick to succeed him in the role as CEO.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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What’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul
9Dec By adminNo Comments
Money

What’s Behind Warren Buffett’s Fight With a Truck-Stop Mogul

Listen to article(2 minutes)Warren Buffett and truck-stop mogul Jimmy Haslam are fighting over a seemingly obscure accounting method. What’s really at stake: possibly as much as $1.2 billion.Buffett of course is chairman and chief executive of Berkshire Hathaway. Haslam, who owns the Cleveland Browns football team with his wife Dee, built his father’s truck-stop chain, Pilot Travel Centers, into an empire before selling a majority stake to Berkshire.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why It’s So Hard to Copy Charlie Munger’s Secret Sauce
1Dec By adminNo Comments
Money

Why It’s So Hard to Copy Charlie Munger’s Secret Sauce

Nov. 30, 2023 11:00 pm ETIf you want to invest like Charlie Munger, you’re late to the party. The investor’s genius in spotting what’s become known as the “quality factor”—buying good companies—made a ton of money for him and business partner Warren Buffett. Nearly 50 years on, it might not be such a great time to copy his strategy.For those who missed the late Munger’s brilliance, he’s the one who persuaded the billionaire Buffett to shift Berkshire Hathaway’s focus from “cigar butt” value stocks—bad companies that no one else wants, and so are cheap—to buying “wonderful businesses at fair prices.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Charlie Munger’s Life Was About Way More Than Money
29Nov By adminNo Comments
Money

Charlie Munger’s Life Was About Way More Than Money

It’s 1931, and a boy and girl, both about seven years old, are playing on a swing set on N. 41st St. in Omaha. A stray dog appears and, without warning, charges. The children try to fight the dog off. Somehow, the boy is unscathed, but the dog bites the girl.She contracts rabies and, not long after, dies. The boy lives.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Berkshire Hathaway’s Board Is Old. Not All Investors Are Happy About That.
29Nov By adminNo Comments
World

Berkshire Hathaway’s Board Is Old. Not All Investors Are Happy About That.

Updated Nov. 29, 2023 1:45 pm ETWarren Buffett lost his closest confidant when Charlie Munger died this week. But he has lost other advisers recently as well.In the past two years, three other longtime Berkshire Hathaway directors died. All were in their 90s, and all had forged close ties to Buffett decades earlier. The board’s tenure and makeup have drawn scrutiny from some investors who say the group needs more changes. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A master of one-liners: Charlie Munger on politics, life and crypto
29Nov By adminNo Comments
Business

A master of one-liners: Charlie Munger on politics, life and crypto

The thing many Berkshire Hathaway Inc investors may have enjoyed almost as much as the 3,800,000% return Charlie Munger helped engineer were his quips along the way. Munger, who died Tuesday in California about a month shy of his 100th birthday, was the longtime business partner of Warren Buffett, with the pair transforming Berkshire from a failing textile mill into a $783 billion behemoth spanning industries from insurance to energy. The duo would banter on stage at Berkshire’s shareholder event in Omaha, Nebraska, almost every year, and Munger himself drew fans annually to Los Angeles for Daily Journal Corp’s shareholder meetings. Munger’s blunt style and deep knowledge made for witty one-liners that often stood in stark contrast to the more folksy style of Buffett, 93.Industry leaders ...
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The Secrets to Legendary Investor Charlie Munger’s Success
28Nov By adminNo Comments
Money

The Secrets to Legendary Investor Charlie Munger’s Success

Business and financial leaders made frequent pilgrimages to Los Angeles to hear Charlie Munger’s thoughts as he held court while peering through thick eyeglasses over high, rosy cheekbones.Among the attendees at his weekly “Friday lunch club” and periodic dinners were John and Patrick Collison, founders of the online payment firm Stripe; Bobby Kotick, chief executive of videogame company Activision Blizzard; Pradeep Khosla, chancellor of the University of California, San Diego; Maria Pope, chief executive of Portland General Electric, Oregon’s largest utility; and Howard Marks, co-founder of investment firm Oaktree Capital Management.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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