Saturday, 23 August 2014
Last updated 19 hours ago
Nov 7 2011 | 12:17pm ET
Is Warren Buffett's would-be successor, former hedge fund manager Todd Combs, throwing his weight around at Berkshire Hathaway?
Berkshire almost doubled its stock purchases in the third quarter, including a big investment in Combs favorite MasterCard. MasterCard was a major part of Combs' portfolio at his hedge fund, Castle Point Capital Management, which he shuttered to join Berkshire.
"I wonder if he turned Todd Combs loose," David Rolfe, chief investment officer at Wedgewood Partners, which invests in Berkshire, told Bloomberg News. "I hope Buffett went to the movies one day and Combs got on the phone and went crazy with buy orders."
All told, Berkshire invested $23.9 billion in the third quarter, its biggest three-month buy in 15 years. Almost $7 billion of that was in stocks, increasing Berkshire's equity holdings by 62% to $17.4 billion.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note