Warren Buffett, Berkshire
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The conglomerate beat analysts' operating profit target, but there were no share buybacks over the third quarter.
It's probably a safe bet that Buffett likes Lennar's valuation, especially in a market that's priced for perfection. Lennar's forward price-to-earnings ratio is below 14. By comparison, the S&P 500 (SNPINDEX: ^GSPC) trades at 23.5 times forward earnings.
Shares of the Tylenol maker jumped by nearly one-fifth in premarket trading on the news that Kimberly-Clark (KMB) would [purchase the company](
Supreme Court arguments over tariffs are coming, shutdown milestone approaches, China’s EV sales are slowing, and more news to start your day.
The Oracle of Omaha's retirement at the end of this year isn't the biggest concern for Berkshire Hathaway shareholders.
Legendary investor Warren Buffett has a way of explaining big ideas in simple terms. And when it comes to insurance, he makes it sound almost too easy. Insurance Looks Simple, But It Isn’t At last year’s Berkshire Hathaway (NYSE:BRK,
Warren Buffett is still Berkshire’s CEO for two more months. The company’s stock is trading as though he has already retired.
Insurance has always been the core of Berkshire Hathaway’s success. The premiums collected by its subsidiaries — from GEICO to its global reinsurance group — form the “float” that powers Mr. Buffett’s investments across stocks and businesses. That float totaled roughly US$171 billion last year, generating US$11 billion in underwriting profit.