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CEO of RH was inspired by Warren Buffett during the home design giant’s turnaround

“In the midst of the 2008 financial crisis, the worst economic landslide in the United States since the Great Depression, legendary investor Warren Buffett was spending billions” writes Elizabeth Gurdus for cnbc.com. “I saw Warren was lending money to Goldman Sachs, lending money to B of A [during the crisis].Friedman remembered RH board member and global investor Barry Sternlicht telling him that, back then, the offering was “almost like free money.”.  Source: cnbc.com Share This:

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Crypto Markets News 

Bitcoin Critic Jamie Dimon Says to ‘Just…

“During the brief discussion on the cryptocurrency market, the two were asked which hated Bitcoin the most” writes Rebecca Campbell for livebitcoinnews.com. Clearly seen as softening his stance on the market, Dimon was reported as saying that he “regretted” making his comments about Bitcoin being a fraud.Whether you like Dimon, Buffett, or Munger, and the opinionated things they say regarding the crypto market, what they say is somewhat amusing. Source: livebitcoinnews.com Share This:

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Markets News 

Buffett, Bezos and Dimon Have A CEO: Should Health Insurers be Scared?

“After that news in January, stock in all the major health insurers dropped dramatically, even in relation to a more generalized market decline” writes Martin Tillier for nasdaq.com. It should be noted that so far health insurers have taken everything thrown at them and continued to prosper.There are several reasons that big mergers, or at least big attempted mergers, have become so common in health insurance but essentially, they are all about squeezes on margins.If the Buffett, Bezos, Dimon troika are successful, market share increases for insurers with declining margins…

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Elliott’s Singer agrees with Buffett, Dimon on profit guidance

“I happen to agree with that, my team agrees with that,” Singer told The Deal’s annual corporate governance conference in New York” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Hedge fund Elliott Management Corp Chief Executive Paul Singer said on Thursday he agreed with billionaire investor Warren Buffett and JPMorgan Chase & Co CEO Jamie Dimon that companies should move away from providing quarterly earnings guidance.Companies often hold back spending on technology, hiring and research and development to meet quarterly earnings guidance that may be affected by factors outside…

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News 

Buffett says economy is feeling strong: ‘If we’re in the sixth inning, we have our sluggers coming to bat’

“But Buffett cautioned that a strong economy doesn’t necessarily mean it’s a good time to buy stocks” writes Thomas Franck for cnbc.com. In an exclusive joint interview with CNBC’s Becky Quick, Dimon and Buffett cited several aspects of the economy as reasons for optimism.”The decision on the stock market should be made independent of the current business outlook,” Buffett said. Source: cnbc.com Share This:

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Buffett, Dimon say quarterly profit forecasts harming economy: WSJ

“America’s public companies drive job creation, opportunity and economic growth,” they wrote” writes Midwest Communications Inc for 95kqds.com. “In our experience, quarterly earnings guidance often leads to an unhealthy focus on short-term profits at the expense of long-term strategy, growth and sustainability,” they wrote. Source: 95kqds.com Share This:

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Warren Buffett: Revealing how much top execs earn isn’t a good idea

“As Ross Sorkin noted, that’s an anomaly: “I always see a number of proxy statements each year” writes David A for cnbc.com. That’s why, on its annual proxy statement to the SEC, Berkshire Hathaway only lists three executives and their pay: Buffett, his business partner Charlie Munger and CFO Marc Hamburg.But, according to Warren Buffett, disclosing compensation has very real drawbacks. In all except Berkshire, the summary compensation table has the compensation listed for at least five or more of the highest paid executives.”. Allowing everyone in a company to…

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This year’s price for lunch with Warren Buffett: $3.3 million

“Read: Warren Buffett is bullish on growth in American living standards The annual auction for lunch with the Berkshire Hathaway Inc” writes Nicole Friedman for marketwatch.com. A charity auction to have lunch with Warren Buffett stopped short of a record, with an anonymous fan bidding $3,300,100 to meet the billionaire.Opinion: This investor rivals Warren Buffett — and you probably haven’t heard of him Last year’s lunch also went to an anonymous bidder. Source: marketwatch.com Share This:

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The price for lunch with Warren Buffett: $3,300,100

“(Reuters) – An anonymous bidder has agreed to pay $3,300,100 at auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc” writes Midwest Communications Inc for 95kqds.com. It was the third highest price in the 19 years Buffett has offered lunch, near the record $3,456,789 bid in both the 2012 and 2016 auctions.Buffett, 87, has raised $29.6 million for Glide through the 19 auctions. Source: 95kqds.com Share This:

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