Warren buffett’s secret to success and Longevity

"It hasn't been a question of going to work; it's been a question of tap-dancing to work."

Warren Buffett believes that one should always pursue what one loves and never settle for anything less. This is the true secret to his success. He does declare that he was fortunate to have come across what he was passionate about very early in life and also had role models and heroes that never let him down.

The lesson here is to be conscious of what you spend your time and energies doing and surround yourself by people who have qualities you admire. The result: success will follow you like a shadow.

Be inspired.

Buy Warren Buffett Stocks Undervalued

The Associated Press had an interesting article about stocks in Warren Buffett’s Berkshire Hathaway portfolio that he believed to be greatly undervalued by the market. These are the five companies he endorses (as of March 28, 2011):

1. Wells Fargo
2. Kraft Foods
3. U.S. Bancorp
4. Swiss Re
5. Sanofi-Aventis

These are companies that you can buy now, provided that you fully understand the businesses, at prices that Buffett believes to be lower that their intrinsic value. Regulators questioned whether Berkshire should write down the values of these investments in its portfolio, however, Warren Buffett believes that the market would soon realize their value.

See full article here. Associated Press article

Full disclosure: I own shares of Berkshire Hathaway and U.S. Bancorp.

Secrets of Warren Buffett’s Success

These are the secrets to Warren Buffett’s success as stated by Alice Schroeder. Alice Schroeder is the author of The Snowball: Warren Buffett and the Business of Life. She spent five years with Mr. Buffett to write this book, and was the only one that he allowed exclusive access to his family and life to produce this great piece of work. In this video, she talks about the characteristics that Warren Buffett exhibited, skills he had and what he did that allowed him to be such a successful investor. Enjoy!!

Buffett on Value Investing

Warren Buffett speaks about value investing at the Columbia University Town Hall Meeting.

Buffett on Value Investing

Berkshire Hathaway Board wants to Split Class B shares

A recent SEC filing states that the Board of Directors unanimously approved, has declared to be advisable and is recommending to the shareholders of the Corporation for approval a 50-for-1 stock split of the Corporation’s Class B stock. The Board wants recommends this split regardless of the Burlington Northern Santa Fe deal.

Read the SEC filing here.

Shareholders will have the opportunity to vote at a meeting in January on the stock split. The expected price after the split should be in the range of $65 - $70.

Read more at Gurufocus.

Warren Buffett Holdings as of September 2009

This is the list of Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) public US equity holdings as of September 30, 2009.

 

 

 

Highlights from the portfolio of the greatest investor of our time.

• American Express Co. (NYSE: AXP) over 151.6 million shares, same as last quarter.
• Bank of America Corp. (NYSE: BAC) 5 million shares; same as last quarter.
• Becton Dickinson & Co. (NYSE: BDX) 1.2 million shares, same as last quarter.
• Burlington Northern Santa Fe (NYSE: BNI) was reported as 76.77 million shares but frankly it does not really matter as BNSF is becoming part of Berkshire.
• Carmax Inc. (NYSE: KMX) 9 million shares is same as last quarter.
• Coca Cola Co. (NYSE: KO) right at 200 million shares, still same as before.
• Comcast (NASDAQ: CMCSA) 12 million shares, same as before.
• Comdisco Holdings (NASDAQ: CDCO) roughly 1.5 million shares, same as before.
• ConocoPhillips (NYSE: COP) 57.43 million shares, DOWN FROM 62.485 million at the end of June.
• Costco Wholesale (NASDAQ: COST) 5.254 million shares, same as before.
• Exxon Mobil Corp. (NYSE: XOM) is a NEW HOLDING of 1.276 million shares.
• Gannett Co. (NYSE: GCI) 3.447 million shares, same as before.
• General Electric Corp. (NYSE: GE) 7.777 million shares is the same as before, but does not include the huge preferred investment from late 2008.
• GlaxoSmithKline (NYSE: GSK) 1.51 million shares, same as before.
• Home Depot Inc. (NYSE: HD) 2.757 million, same as last quarter.
• Ingersoll-Rand (NYSE: IR) 636,600 shares; WAY DOWN from the 7.78 million listed last quarter.
• Iron Mountain (NYSE: IRM) 3.3722 million shares, same as before.
• Johnson & Johnson (NYSE: JNJ) was just over 36.91 million shares; Same as last quarter and still well under the 62 million shares at one point in 2008.
• Kraft Foods (NYSE: KFT) over 138 million; same as last quarter.
• Lowe’s Companies (NYSE: LOW) 6.5 million shares, same as last quarter.
• M&T Bank Corp. (NYSE: MTB) 6.71 million shares, same as before.
• Moody’s (NYSE: MCO) was listed as over 39.2 million shares, but that is WAY DOWN from the 48 million last quarter.  Be advised that he has noted sales and hinted at more sales here.
• Nalco Holding (NYSE: NLC) 9.0 million shares, same as last quarter.
• Nike Inc. (NYSE: NKE) 7.641 million shares, same as before.
• Norfolk Southern (NYSE: NSC) 1.933 million shares, same as before, but we already know Buffett has or is selling out of non-BNSF shares in rail companies.
• NRG Energy (NYSE: NRG) 7.2 million, same as before.
• Eaton Corp. (NYSE: ETN) was NOT LISTED ANY LONGER, so sold from holdings.
• Procter & Gamble (NYSE: PG) 96.3 million, the same as before.
• Republic Services Inc. (NYSE: RSG) 3.625 million shares; NEW POSITION following Bill Gates.
• Sanofi Aventis (NYSE: SNY) more than 3.9 million shares, same as before.
• Sun Trust Bank (NYSE: STI) 3.079 million shares; DOWN FROM 3.2+ the quarter before.
• Torchmark Corp. (NYSE: TMK) roughly 2.82 million, same as before.
• Travelers Cos (NYSE: TRV) 27,336; NEW POSITION but small.
• US Bancorp (NYSE: USB) roughly 69 million; Same as quarter before.
• USG Corp. (NYSE: USG) 17.072 million shares, same as before.
• United Health Group (NYSE: UNH) 3.4 million shares; DOWN from 4.5 million last quarter and down from over 6 million in Q1.
• Union Pacific Corp. (NYSE: UNP) 9.55 million shares, same as quarter before but this does not matter as Buffett is dumping his non-BNSF rail holdings.
• United Parcel Service (NYSE: UPS) 1.429 million shares, same as before.
• Wal-Mart Stores Inc. (NYSE: WMT) 37.8 million; WAY UP from the 19.9+ million shares last quarter.
• Washington Post (NYSE: WPO) over 1.72 million shares, same as before.
• Wells Fargo & Co. (NYSE: WFC) 313.3 million shares; ABOVE THE PRIOR 302+ million last quarter and above the 290+ million in Q1.
• Wellpoint Inc. (NYSE: WLP) 3.394 million; DOWN SLIGHTLY from the 3.5 million last quarter and from the 4.7773 million in Q1.
• Wesco Financial Corp. (NYSE: WSC) 5.7 million shares, same as before.
• WABCO Holdings (NYSE: WBC) IS GONE after being 2.7 million shares last quarter.

Alice Schroeder on Warren Buffett's Purchase of Burlington Northern

Buffett and Gates at Columbia Town Hall Meeting

Click here for full transcript courtesy of CNBC.

Warren Buffett continues to sell Moody’s

Chairman of Berkshire Hathaway continues to sell his stake in Moody’s Corp raising $28.7 million in the transaction. Berkshire still holds 38.1 million shares of Moody’s. What does this move indicate? Let’s hear your comments.

Average price range during that selling period was $24.86 and $25.27.

Warren Buffett talks to Evan Davis

PART 1

• Warren talks about the propensity of humans to make stupid mistakes in the future.
• Warren talks about derivatives.
• Evans talks about investment opportunities in Goldman Sachs and others.
• Warren discusses liquidity.

 

PART 2

• Evan asks Warren about his private jet.
• Warren talks about the value of money and being wealthy.
• Evan asks about taxes.

Warren Buffett on Benjamin Graham

Warren Buffett talks a bit about his professor and mentor, Benjamin Graham. He attributes his success and entire investment philosophy to Graham and shares with us how great and intelligent a human being he thought Graham was. Graham, through his generosity, wrote two of the greatest investment books of all time; Security Analysis and The Intelligent Investor. These are considered must reads for anyone interested in investing.

Watch this short clip of Warren Buffett speaking to us about his mentor.

Source: [www.valueinvestingpro.com]