Buffett, CEO and Chairman at Berkshire Hathaway, does not use office car, has neither taken a salary hike for 25 years nor desires any in future, pays back the company for minor items such as phone calls, postage and favour from office personnel that are personal in nature, does not fly in company jet for personal visits and gives a much bigger pay package to his Chief Financial Officer. Berkshire Vice Chairman Charles Munger has also been paid an annual salary of $100,000.
What has been forgotten is the fundamental characteristic of these contracts. What is trading in index numbers if not a wager? Is it not speculation per se packaged in sophisticated language, exotic terms and backed by legislation and regulators?
Where the smart money's going and how to follow it--if you dare.
Buffet first among seven all-time best investors.
Though Buffett, chief of the Berkshire Hathaway holding company, supported Obama in the race for the White House, McCain was all praise for Buffett's contribution to the global economic crisis.
General Electric on Wednesday unveiled plans to raise at least $15bn in capital through stock sales to Warren Buffett's Berkshire Hathaway and the public.
The very, very rich were very, very generous this year.
Reliance Industries chairman Mukesh Ambani has overtaken NRI steel tycoon Lakshmi Mittal to become the richest Indian in the world. Ambani's net worth has soared past $50 billion.
Billionaire Mukesh Ambani's Reliance Industries Ltd climbed two spots to No. 53 on Forbes' latest Global 2000 list of public companies worldwide. Forbes Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets and market value, Forbes said releasing the 2022 ranking of the world's top 2,000 companies. Reliance is the top-ranked Indian firm on the list, followed by State Bank of India at No. 105, HDFC Bank at No. 153 and ICICI Bank at No. 204.
Many fantastically rich people slip under the general public's radar. Including the world's second-wealthiest man
A Mexican telecom magnate has overtaken American investor Warren Buffett as the world's second richest man and is breathtakingly close to passing Bill Gates, the numero uno in the billionaire's list.
A closer look at the sectors and companies that have strong prospects and are likely to fall less when markets decline.
Tell us what you would do with your money? Who would you leave it to?
When the votes for the Reader's Choice CEO of the Year by MarketWatch were counted, Dr Ramesh Pandey of Xechem came first, beating Steve Jobs of Apple and Warren Buffett of Berkshire.
It all began in the family grocery store back in Omaha.
These folks have the fortune, without the hassle of the fame.
Indian-born steel tycoon Lakshmi Mittal became the third richest person in the world, trailing only Microsoft chief Bill Gates and US investment guru Warren Buffett.
If Investors maintain prudence, chances of going wrong and thus losing money reduce dramatically.
Secret to successful stock investing is to discover what kind of investor you are, and tailor your investments to suit your innate style
You can use futures and options to hedge risks as well as make huge profits, but it's risky
Warren Buffett, chief executive officer of Berkshire Hathway Inc, has denied that he had invested $1 billion in the ONGC issue, though the market was abuzz throughout the day that he had placed bids for half the size of the issue.
Bezos' total net worth hit $65.05 billion
It is not every day that one of the planet's richest men is arrested by his government.
IT czar Azim Premji has given away almost half of his stakeholding in Wipro, India's third largest exporter of software services, to philanthropy.
The funds will be used to expand the merchant offerings across India to equip them with technology and various other services.
After dropping to a low of Rs 1,298 apiece, the stock finished at Rs 1,380, its lowest level since November 22, the second day of listing.
Happiest Minds expects revenue to touch $100 mn in 3 years, the fastest in India's tech services sector.
According to global wealth intelligence and prospecting company Wealth-X, Buffett topped the list of the 10 biggest single charitable donors of 2014.
The account of former US vice-president Joe Biden, who is the current Democratic Party presidential candidate in the November election, was also hacked.
Parikh was in Omaha for Warren Buffett's Berkshire Hathaway meet
Alibaba founder and executive chairman Jack Ma is this year's biggest financial gainer as the billionaire entrepreneur's fortune has swelled by a whopping $18.5 billion this year to $29.2 billion.
While his father has often been quoted on tips for investing, Buffett junior's focus is on spreading the word about both self-improvement and ways in which to make a positive difference in the world - with a special focus on solving hunger.
