NetJets, a private aviation company selling fractional ownership in its planes, announced Thursday that it would buy Marquis Jet, a private jet cards company that sells the use of NetJets’s planes in 25-hour blocks. Marquis Jet…
After plunging most of Tuesday on uncertainty about Combs, Berkshire shares recovered somewhat as investors learned more about him. Combs’s Castle Point fund was seeded by former Goldman Sachs CEO Stephen Friedman’s Stone Point…
Why did Buffett tap Combs? Based on Combs’s track record, it’s clear that he has done well in financial services stocks while limiting risk. Plus, he shares Buffett’s approach to investing — and for writing amusing investor l…
It’s the moment many in the financial world have been waiting for: a clue about who’ll succeed the Oracle of Omaha as the chief investment officer at Berkshire Hathaway. We’re getting a little closer. Meet Buffett’s top choice….
Warren Buffett’s Berkshire Hathaway Inc. was questioned earlier in the year by U.S. regulators on why the holding company didn’t write down $1.86 billion in losses largely from its investments in Kraft Foods Inc. and U.S. Banco…