This picture taken on May 17, 2013 shows people looking at an electric taxi on a street in Hong Kong. Hong Kong saw its first electric taxis hit the streets on May 18 in a step towards reducing the city's high levels of roadside pollution. The 45 bright red cars were launched by Chinese electric vehicle producer BYD, which is partly backed by US investment titan Warren Buffett.
I can design plans that eliminate estate tax and pass down great amounts of wealth to the next generation. But many of my clients come to me and say they want a plan like Warren Buffett’s, leaving their kids enough so they can do anything, but not so much that they can do nothing. Now they ask me – and I am asking you – how much is that? And how do you keep from ruining your kids?
In my opinion, you have to be wildly optimistic to believe that corporate profits as a percent of GDP can, for any sustained period, hold much above 6%.
I consider the banking system in the United States to be stronger than at any time in the last 25 yearsMore quotes »
Buffett: Stocks reasonable, bonds awful
Warren Buffett said even though the stock market is soaring, prices appear reasonable, and stocks would be a better investment than bonds for most people.Buffett was interviewed Monday on CNBC and the Fox Business Network cable channels after a weekend full Read more »
Buffett's outlook on investments, economy
Buffett said stocks are still a good investment, long-term government bonds are a dumb one, and ketchup is forever.The billionaire investor covered a range of topics in a CNBC interview Monday, including his purchase of ketchup maker Heinz, the "meat ax" of Read more »
Buffett drops out of Forbes top 3 richest
billionaire Warren Buffett , despite healthy gains, has dropped to the fourth richest in the world, according to Forbes. Mexico's Carlos Slim remains the world's richest followed by American Bill Gates and Spanish clothier Amancio Ortega .And Facebook 's Mark Read more »
Heinz 3rd-quarter net income dips
-- Food maker H.J. Heinz Co., which is being bought by Warren Buffett 's Berkshire Hathaway and 3G Capital for $23.3 billion, on Thursday reported a 5 percent drop in its fiscal third-quarter net income as higher sales in emerging markets were offset by costs Read more »
Ketchup maker Heinz being sold for $23.3B
Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion.The ketchup company says it's the largest deal ever in the food industry. Heinz shareholders will receive $72.50 in cash Read more »
Around the web
Judgment due on Jamie Dimon
For Jamie Dimon, it has all come down to this: A couple of hours in suburban Tampa will determine whether he emerges humiliated or triumphant. On Tuesday, Mr. Dimon, the chief executive officer and chairman of JPMorgan Chase & Co., will preside over the 7:58 PM from Globe and Mail Read more »
Lessons in estate planning from Warren Buffett
I’ve never had the pleasure of meeting Marvin Blum. But if I ever do, I’d like to shake his hand. Mr. Blum is a tax and estate lawyer from Fort Worth, Tex. On May 5, at the Berkshire Hathaway annual general meeting, Mr. Blum asked Warren Buffett a questi 7:39 PM from Globe and Mail Read more »
Picking at the Buffett
Because she became a bestselling author with an investment guidebook on her former father-in-law Warren Buffett, it seems impossible for Mary Buffett to be seen as an individual, a person separate from the shadow of the famous billionaire. Wherever she g 3:37 PM from Bangkok Post Read more »
Warren Buffett's New Tattoo?
The Fool's Matt Koppenheffer doesn't think Warren Buffett rides a Hog, but he certainly had some good things to say about Harley-Davidson (NYSE: HOG ) at the recent Berkshire Hathaway (NYSE: BRK-B ) annual meeting. What do biker tattoos have to with inve 1:27 PM from Motley Fool Read more »
Re: State of the Nation
__________________ "The only Real Wisdom is knowing you know Nothing" - Socrates - The Greek philosopher __________________ Time is the friend of the wonderful company, the enemy of the mediocre. Warren Buffett __________________ Time is the friend of th 12:28 PM from Stock Market Nigeria Read more »