Hints and tips:
...The group has lagged behind the S&P 500, which has gained more than 6 per cent in 2018. eric.platt@ft.com Twitter: @ericgplatt...
...Berkshire shares are up 6.4 per cent since the start this year, compared to 4.2 per cent for the S&P 500....
...Mr Buffett’s preferred measure of investment success for Berkshire, increase in book value, has lagged behind the S&P 500 for more than the past five years....
...Berkshire’s book value per share, the measure by which Mr Buffett prefers to judge his performance, was up 4.6 per cent last year, against the S&P 500 return of 2.1 per cent....
...Now, the arbs are playing the $26bn (£16.5bn) takeover of Burlington Northern Santa Fe by Warren Buffett’s Berkshire Hathaway. It’s one of the biggest opportunities in decades for index arbitrage....
...They presaged Mr Buffett’s move, less than two months later, to place an “all-in wager” on those same views with the biggest deal of his career – the $26.6bn purchase of Burlington Northern Santa Fe, one...
...Warren Buffett’s takeover of Burlington Northern Santa Fe is his biggest deal to date, and an affirmation that US railroads were an acquired taste for the billionaire investor....
...Burlington Northern Santa Fe, the railway operator, lifted third quarter earnings 8 per cent, beating estimates. Its shares rose 4.3 per cent to $86.54. Retailers were mixed....
...Shares in Burlington Northern Santa Fe were 3.2 per cent lower at $76.07 after the railroad operator was downgraded from “buy” to “neutral” at Merrill Lynch....
...Expeditors International dipped 4 per cent to $46.38, and Burlington Northern Santa Fe shed 3.3 per cent to $67.50....
...BJ Services slumped 3.4 per cent to 34.75. ExxonMobil dropped 2.9 per cent to $60.18....
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