It’s been a while since my last post, mainly because of a lot of work – but also because of another worthy task: raising money for a school in the community of Loharano in Madagascar. Moving on to a subject that caused way more noise than called for: Buffett’s US$ 1.2 billion buyback of BRK/A shares. The fact that he bought it from one selling shareholder and that he raised the share price limit had some writers overreacting. Links inside.
I write Buysiders.com since 2009, and I tend to digress a little over subjects dear to my heart. One is Education, another is Charity/Giving. Even though I wasn’t directly involved in a project until today, I’ve been regularly donating to a few projects I trust while pondering how to help more effectively. But today I get involved – and then some. In short, I will run the 2013 Walt Disney Marathon to raise awareness for my campaign, which aims to raise £5,000 for the building of 3 new classrooms in a (currently very inadequate) school in the community of Loharano in Madagascar.
Since I posted two days ago about the “new Warren Buffetts”, here’s an article with “plain old” Buffett saying “vintage Buffett” things about investing, conflicts of interest, shorting stocks… and even about money managers he admires nowadays (or “manager”, since he mentioned just one: Seth Klarman).
As part of the warm-up for Fortune editor Carol Loomis’ new book on Warren Buffett, Fortune is republishing a 1989 article called “Are These the New Warren Buffetts?” (H/T Abnormal Returns). It’s a highly talented group: Seth Klarman, Jim Chanos, Michael Price, Eddie Lampert… Better track record than BusinessWeek!