The Oracle of Omaha - Warren Buffett Latest News

Warren Buffett aka the Oracle of Omaha has acquired another 3.26 million shares in Burlington Northern Santa Fe Corp. , through his company Berkshire Hathaway, taking its stake to 67.9 million.

Berkshire Hathaway Inc. now controls nearly 20% of NSFC, the 2nd-largest railroad in the USA. Berkshire finalized the purchases last Monday and Tuesday.

In another development one of Warren Buffett's other investments, in a Chinese-made electric car, has been officially launched in China.

According to the Associated Press BYD's F3DM (quite a catchy name!) was officially presented on Monday at a ceremony in Shenzhen. It has an autonomy of approx. 62 miles on its electric engine (not a lot IMHO), and has a small gasoline engine as back up.

It takes nine hours to charge the battery and is priced at $22,000, similar to other Chinese-made mid-sized cars. All very underwhelming - again IMHO.

There were plans to sell the car in the U.S. and Europe in 2010, but according to Reuters, BYD Chairman Wang Chuan Fu has said the plans have been put back one year to 2011.

According to the WSJ, BYD's electric car is at least a year ahead of any electric vehicles from General Motors and Toyota, at least for the Chinese market .

MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway, acquired a 10% stake in BYD for around $230 million. A small stake, but it shows Warrren Buffett's commitment to technologies aimed at reducing dependence on oil.

On a stranger note it appears that corrupt Illinois politician Blagojevich had considered tapping Warren Buffett for $10 million. Some people really are delusional. Berkshire Hathway investors are no doubt highly pleased that Warren Buffett is the shrewd cookie he is and always steers clear of anything that is the slightest bit shady.

I would be interested to hear the Oracle's thoughts on Bernie Madoff's Incredible Ponzi Scheme

Warren Buffett's Biography 'The Snowball and the Business of Life'

The Snowball: Warren Buffett and the Business of Life
Books Recommended by Warren Buffett
Homte : Warren Buffett

5 comments:

ArahMan7Dec 15, 2008 11:39 PM
Hola Vic,

Thanks for your comments on Web Directory. Really appreciate it very much.

Yeah, I'm still blogging but I've been very busy for the last couple of months. Don't know when I gonna start blogging again.

A question, if I've a domain name and I wanna host it with Blogger, can I use any other template beside Blog*Spot default template?

Another question, can I come to you for help if I encountered any problem while installing my brand new domain name?

That's all for now. There are many other questions I would like to ask, but let it put on hold for now.

Wow, reading Warren Buffett is really inspiring.

Greetings and lots of love from Malaysia.
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MTBonceDec 16, 2008 11:36 AM
Hi Arahman,
Thanks for dropping by.
If you have a domain name hosted with Blogger you can use any template you can find that is designed for Blogger. I tried some different templates but I found that they all had some bugs in them that caused problems so i gave up and went back to using Blogger's standard templates. But if you know what you are doing with templates then you can use any one you like (not Wordpress templates of course).

Sure, if you get a problem installing your new domain name I will help you out if I can, but I'm not an expert. I use Godaddy for getting domain names so I know about Godaddy but I don't know about other registrars. Also if you use Gogaddy there is a code you can use to get a name for 99 cents - have a look here

Make Money Online Godaddy Discount Codes

Glad to hear you're busy - I've been busy too with the day job, but I am still battling away trying to make money from blogs ! (Some people say it is possible)

Vic
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ArahMan7Dec 17, 2008 05:47 AM
Hola Vic,

Thanks for the answers. Now I'm confident to install my brand new domain name with Blogger.

I guess I shall use Blogger default's template for now. Then I see whether I can use other Blogger's template.

Wow, that's great. 99 cents per domain name. I bought all my domain names from GoDaddy. I wanna get an email account but I don't know how. I mean how much is enough?

My dear friend, it's true that you can earned some money from blogging. I still earned around US50 per month. That's why I wanna use my own domain name. It will look more professional, ;-)

My next target will be to earn US100 per month. After that my target will increase US100 after I reached my earlier target.

I hope we can learn together making money online.

Thanks for everything, Vic. You're a good friend.

Greetings and lots of love from Malaysia.
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MTBonceDec 22, 2008 05:20 AM
The 99 cents thing only works once unfortunately but there are other codes to get 20% reductions. I don't know about their e-mail accounts as I never used them, I just use yahoo etc... and my ISP's email address. Well done on the blogging money I am in a similar situation, but hope one day to be making a few thousand a month ! Have you seen makemoneyonlineforgbeginners - he sesems to have the right idea.
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ArahMan7Dec 22, 2008 06:40 AM
Hola Old Wise Vic,

Thanks for introducing me to MakeMoneyOnlineForBeginners. I'm going back there again. It has many useful info for making money online. Hehehe, got a lot of reading to do!

Usually I use MyCoupons to get discount coupons for GoDaddy.

Greetings and lots of love from Malaysia.

~ ArahMan7
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