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General Electric would be an ‘ideal Warren Buffett investment,’ RBC says

“In many ways, GE’s current situation fits the profile of an ideal Warren Buffett investment,” analyst Deane Dray wrote in a note to clients Tuesday” writes David A for cnbc.com. Berkshire Hathaway did not respond to a phone call requesting comment on Tuesday’s market speculation.Dray reiterated his sector perform rating on GE shares and his $16 price target for the stock, representing 19 percent upside to Tuesday’s close. Source: cnbc.com Share This:

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How reading 500 pages a day helped a Warren Buffett protege succeed

“As he began his investing career, he read even more, sometimes hitting up to 1,000 pages a day” writes Adam Jeffery for cnbc.com. Combs, now 47 and a protege of the Berkshire Hathaway CEO, took the advice to heart.In response to a question about how to prepare for an investing career, Buffett told the students, “Read 500 pages like this every day,” while reaching toward a stack of manuals and papers.Todd Combs, an investment lieutenant at Berkshire Hathaway, got great advice the first time he encountered his current boss, Warren…

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These Are the 5 Best Books on Investing, Period

“First published in 1973, this updated edition includes more detail on ETFs, emerging markets, and other considerations about which even novice investors investors today need to be educated” writes Martha C for time.com. MONEY readers — and Amazon reviewers — praised the book for being an easy read that explains wealth and investing principles in a simple way.Personal finance guru Kiyosaki is a big favorite of MONEY readers.Rich Dad Poor Dad covers much more than just investing. Source: time.com Share This:

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Warren Buffett offers his ‘strongest argument’ against a practice investors are doing in record numbers

“This table offers the strongest argument I can muster against ever using borrowed money to own stocks,” Buffett said” writes Akin Oyedele for businessinsider.com. The regulator doesn’t share the Berkshire Hathaway CEO’s hardline position against margin debt.In an interview with CNBC on Monday, Buffett suggested that greed was a primary driver of margin debt.But that’s exactly what investors are doing in record numbers.But for a levelheaded investor who’s not deep in debt during a market crash, there are “extraordinary opportunities,” Buffett added. Source: businessinsider.com Share This:

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Buffett should use his tax windfall of $29 billion to buy guns off the street

“Or $29 billion could pay a 5.8% dividend” writes Tim Mullaney for marketwatch.com. Well, here’s a high-class solution: $29 billion, which is Buffett’s estimate (released in Berkshire’s shareholder letter on Saturday) of its annual tax saving from Trump’s big counter-cyclical giveaway to the 1%, is more than enough to buy up every AR-15 on the American street. Source: marketwatch.com Share This:

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Warren Buffett wants to lower health-care costs — while eating and investing in junk food

“Warren Buffett wants to lower health-care costs, but his fast-food-fueled diet and his food and beverage investments have historically been linked to costlier care” writes Angelica Lavito for cnbc.com. The Berkshire Hathaway CEO, Amazon’s Jeff Bezos and J.P. Morgan Chase’s Jamie Dimon announced in January they would partner to cut health-care costs and improve services for their U.S. employees.Obesity costs the U.S. an estimated $147 billion in medical expenses, according to a study published in Health Affairs in 2009. Source: cnbc.com Share This:

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