The Wall Street Journal has reported that many corporate boards are attempting to reform their compensation practices by changing the nature of their relationship with compensation consultants. Many observers have noted for several years the inherent conflict of interest that ...
Wesco Financial Corporation reported results for the third quarter yesterday. The company issued a press release and filed the 10-Q report with the SEC. Wesco Financial is a publicly traded 80% owned subsidiary of Berkshire Hathaway. Berkshire Hathaway also released ...
The blogosphere and bookshelves everywhere are full of prescriptions for how to succeed in various endeavors. When it comes to business and investing, there is much useful information available along with a fair amount of nonsense. Unfortunately, most guides for ...
Like many American investors, I have been trying to expand my circle of competence to the point where I can evaluate and potentially participate in opportunities in China. The growth patterns in China have been widely reported and there may ...
Charlie Munger was interviewed by the BBC and comments on a variety of topics. As always, Mr. Munger pulls few punches when it comes to providing his candid assessment on investing, economics, politics, and all varieties of "human follies". Read ...
President Obama's chief economic adviser has indicated that he expects unemployment to stay at elevated levels for "a few years". In a candid interview with Nightly Business Report, National Economic Council Director Larry Summers did not express much hope for ...
Shai Agassi, the founder of Better Place, has come up with a strategy for building infrastructure that he believes will solve the problem of range. Mr. Agassi's strategy is one that has been discussed here in the past. Better Place ...
In the CNBC video shown in this article, Costco CEO Jim Sinegal makes a few brief comments regarding the state of the retail economy. Mr. Sinegal emphasizes the need for better conditions in the employment market for retailers to see ...
Berkshire Hathaway Vice Chairman Charlie Munger has often advocated the practice of "making friends with the eminent dead who had the right ideas." This concept may initially sound strange, but it is based on the belief that it is a ...
Anyone who has been paying attention to discussions related to energy policy over the past few years has been hearing about a new "smart grid" that has the potential to play a major role in meeting the energy requirements of ...
The Spring 2009 issue of Stanford Lawyer contains an interview with Berkshire Hathaway Vice Chairman Charlie Munger. A streaming video has also been provided. Munger is a longtime donor to Stanford University, most recently funding new graduate school residences, and ...
Wesco reported net income per share of $2.80 for the quarter compared with $2.91 per share in the first quarter of 2008. Results were impacted by weakness in the CORT furniture rental business and Precision Steel's industrial business, which was ...
This three part video is the most extensive I have seen that covers BYD which I described in an article earlier this week. It is well worth taking the fifteen to twenty minutes to view the three part video and ...
Last month, I wrote about the increased interest in electric car technology that seems to be persisting despite steep declines in the price of oil and gasoline since last summer. I have been skeptical about prospects for electric vehicles for ...
Earlier today, I wrote an article covering the highlights of the Berkshire Hathaway Annual Meeting morning Q&A session. Since I was unable to attend the afternoon session, I have been searching theInternet for information regarding the afternoon Q&A as well ...
I made the trip to Omaha this weekend for the 2009 Berkshire Hathaway Annual Meeting. This was my first trip to Omaha since 2005 and attendance at the meeting has grown considerably over the past few years. I still remember ...
If Graham is known as the father of value investing, Fisher is equally well recognized as the father of growth investing. I believe that the combination of both approaches has been responsible for the amazing growth of Berkshire Hathaway over ...
Despite gasoline prices that have fallen precipitously since the record high levels of mid 2008, it appears that interest in electric cars is still alive and well. In fact, efforts to come up with viable technologies could be accelerating. This ...
The Property Casualty Insurers Association of America (PCI) reported full year 2008 results for the industry yesterday and it was not a pretty picture. While PCI reported that insurers remain well capitalized when one considers levels of statutory net worth, ...
Charlie Munger's annual letter to shareholders of Wesco Financial Corporation was published on March 27. Wesco Financial is a publicly traded company that is 80 percent owned by Berkshire Hathaway. Charlie Munger is Berkshire Hathaway's longtime Vice Chairman and also ...