The judgment of Salomon. (Salomon Brothers and Warren Buffett)
Economist (US), The, September, 1996
Famed investor Warren Buffett is seemingly in the midst of one of his few blunders, as he tries to direct what his firm, Berkshire Hathaway, should do with the stock it owns in the investment bank Salomon Brothers. He plans to convert his preferred shares into common stock.
NEW YORK
EVEN Warren Buffett, the Nebraskan billionaire who has won worldwide fame for his long-term investment acumen, is not infallible. In an occasional column, dubbed "Mistake du jour", that he pens for the annual reports of Berkshire Hathaway, an investment company that he controls, he has admirably owned up to a few bungles over the years, most notably a disastrous $358m investment in USAir, an American airline.
But for the ultimate Buffett blunder, nothing quite compares with...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
