Warren Buffett
Warren Buffett is considered one of the greatest investors of all time. Through his Berkshire Hathaway (NYSE: BRK.a) holding company, Buffett has accumulate great wealth, and in 2007 was number 3 on Forbes list of richest people in the world, behind Bill Gates and Carlos Slim.
Over the last 44 years (1965-2008), the book value of Buffett's Berkshire Hathaway has grown from $19 to $70,530 - 20.3% compounded annually. The overall gain for the time period is 362,319%, versus 4,276% for the S&P 500. 2008 was Mr. Buffett's worst year ever due to the housing, credit and stock market meltdowns. He lost 9.6% decline in per-share book value in 2008. His only other losing year was 2001 with a 6.2% drop.
Buffett is often called the "Oracle of Omaha". Buffett is from Omaha, Nebraska and continues to operate from there.Buffett is also a great philanthropist. In 2006, Buffett made plans to give a vast majority of his wealth to the Bill and Melinda Gates Foundation. Buffett and fellow billionaire Bill Gates have become good friends over the years in part due to their love of the card game bridge. Check out Warren Buffett's portfolio here.
JOHANNESBURG, SOUTH AFRICA -- (MARKET WIRE) -- 03/19/10 -- www.rothmanresearch.com - The consumer goods industry encompasses a wide range of products - from appliances, automobiles to food and beverages. As demand waned in the wake of a long recession, companies were forced to cut back on production, which had a direct impact on their top line, bottom line and in some case lifelines as well. Take for example automobiles - barring Ford Motors, all other US automakers were forced to accept some sort of a government aid. The magnitude may have varied, but it affected all companies, as the once exuberant American consumer decided to hold their purse strings and became frugal. The US entered the age of frugality as uncertainty ruled the minds of consumers. However, the New Year brought some good news as headwinds changed into tailwinds ...
StreetInsider.com Pre-Open Movers:
ARRIS Group, Inc. (Nasdaq: ARRS) 22% LOWER; reports Q4 EPS of $0.16, 6 cents better than the analyst estimate of $0.22. Revenues for the quarter were $249.6 million, versus the consensus of $260.78 million. Sees Q1 EPS of $0.08 to $0.12, versus the consensus of $0.19.
Ramtron International (Nasdaq: RMTR) 16% HIGHER; reports Q4 EPS of $0.07, 4 cents better than the analyst estimate of $0.03. Revenues for the quarter were $14.3 million, versus the consensus of $13.46 million.
Ultralife (NASDAQ: ULBI) 14% LOWER; expects to report Q4 revenue in the range of $36.5 million and an operating loss in the range of $2.5 million. Prior guidance called for revenue of approximately $41 million to $44 million and operating profit of between $2.7 million and $3.5 million.
Chipotle Mexican Grill (NYSE: CMG) 10 ...
