Hints and tips:
...The stockpile of assets, called “strategic holdings”, has been created by Nuttall and Bae to replicate the success Warren Buffett’s Berkshire Hathaway has had in compounding its assets, profits and market...
...Late last summer, the FT set out what it thought would be an ambitious — but feasible — goal: trying to grade the two men who invest alongside Warren Buffett....
...In the second part of a series diving into what Berkshire Hathaway will look like when Warren Buffett is no longer leading the group, DD’s Eric Platt and the FT’s Ian Smith ask what is for some an equally...
...Buffett spots red flags in his giant utilities bet Warren Buffett has been one of the most active dealmakers in the US power industry, using acquisitions to build a utility with $134bn in assets that just...
...One longtime shareholder said Henry was “everything you’d imagine of a CEO of an efficient, process-driven company, but has been bolder around repositioning the portfolio and M&A than previous management...
...“I’d like to think that was all as a result of management acumen . . . but we are the beneficiary of macro industry factors that drove not just us but our entire industry.”...
...He’d gone from 0 to 100bn in assets, and he’s not obviously dying to have somebody else be his boss. And also his firm is very focused. I mean, it’s a small firm....
...We’d like to [invest] more before it is a consensus view because, by the time you get there, then valuations have moved,” said Jonathan Gray....
...But at Latham’s offices, Harvey Schwartz, a former Goldman Sachs banker who took the helm of the private equity firm a year ago, and two of its three billionaire co-founders, David Rubenstein and Daniel D’...
...In 2005, Ogunlesi, then a top banker at Credit Suisse, was summoned to Omaha, Nebraska, by the energy arm of Warren Buffett’s Berkshire Hathaway to study a large takeover....
...Rubenstein, a native of Baltimore, is one of the pioneers of the $4tn private equity industry, having co-founded Carlyle Group in 1987 alongside William Conway and Daniel D’Aniello....
...“Whenever people left they’d try to get Hank’s folder to take wherever they were going.” “You could tell he was on to something even before he started the account....
...We’d play golf together. We’d play tennis together. We did everything together . . . we had as much fun, perhaps even more to some extent, with things that failed because then we really had to work.”...
...Our Best of Warren Buffett coverage to start: The Oracle of Omaha laid bare the challenge for his successors in his annual letter this weekend: they have little chance of matching his “eye-popping performance...
...Warren Buffett’s Berkshire Hathaway, which has made billions off a $230mn bet in the Chinese group back in 2008, has been selling down its holding since 2022....
...Smart reads London Underground After Zac Brettler plummeted into the Thames his grieving parents found that he’d been posing as an oligarch’s son....
...Still, big financial services deals are going to bring scrutiny, and the likes of Senator Elizabeth Warren have already called for regulators to block the merger....
...The Sage of Omaha, Warren Buffett, sold off some of Berkshire Hathaway’s Chevron holdings in 2023 and some analysts have soured on the stock....
...(Bank of America also lent them money for the planes, but as you’d expect from a bank, it demanded interest payments and security over the jets.) Well, we have an update....
...Former Rolls-Royce chief executive Warren East will be chair of carbon capture developer C-Capture, which has been spun out of the University of Leeds and is backed by companies including UK power generation...
...DD’s Antoine Gara unpacks how the merger, which closed last week, is the first real exit by Dell and Silver Lake in an unprecedented leveraged buyout saga launched more than a decade ago....
...Much of the diverging fortunes stem from Carlyle’s fumbled succession from its three billionaire founders, David Rubenstein, William Conway and Daniel D’Aniello, who founded the New York and Washington-based...
...The Institut International d’Etudes Bancaires is just that....
...I’m accused sometimes of being a businessman as well as a photographer, but most creative artists are businesspeople these days, so Warren Buffett was always a hero....
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