Following the investments of the biggest fish on Wall Street just got a lot easier.
People are Warren Buffett’s most important secret.
Fidelity Investments, which manages more 401(k) accounts than any other company, released a good-news/bad-news quarterly retirement planning report today. The good news is employees are saving more, and employers are shelling out more in matches. Employee contributions rose in 2011 to $5,750, up from $5,680 in 2010. At the same time, employers kicked in an
President Obama is calling his proposal for a new, higher minimum tax rate for those earning more than $1 million a year the “Buffett Rule,” according to an article in the New York Times. This, of course, is a reference to billionaire investor Warren Buffett’s public plea to the government to force the rich to
When Warren Buffett speaks, people listen, and not just for investing tips. Last month, Buffett published an op-ed piece in the New York Times stating that he and his fellow mega-rich have been enjoying “extraordinary tax breaks” for too long and suggested Congress impose higher rates on taxable income above $1 million. He hit a
Billionaire investor Warren Buffett caused a media stir this week with his op-ed in the New York Times titled “Stop coddling the Super-Rich.” Buffett outed himself and his fellow mega-rich as tax-cheapskates, thanks to tax-friendly legislation, and urged Congress to raise taxes as part of a deficit-reduction plan. “While the poor and middle class fight
I’m an admirer of 80-year-old billionaire Warren Buffett. Every year he writes a letter to the stockholders of his company, Berkshire Hathaway. In that letter, he sums up his view of the company’s business and the nation’s economy in terms simple enough that even those of us who aren’t investment geniuses can understand perfectly. In
Despite billionaire Warren Buffett’s philanthropic drumbeat in 2010, the year was not a good one for charitable giving. An article in The Chronicle of Philanthropy says donors and nonprofit officials blame fears of continued economic instability and uncertainty about taxes as the cause. Donations from the Chronicle’s list of the 50 top donors (actually numbering
It looks like billionaire investor Warren Buffett has started a trend in charitable donations. In an interview last month during a conference for technology and media leaders, Buffett said he hoped wealthy people would enrich society by pledging at least half their fortunes to philanthropy. He has donated 99 percent of his own fortune to
Besides the first letter of the Greek alphabet, alpha is a highfalutin term bandied about by geeky financial types. It’s a risk-adjusted measure of excess return on an investment. Investors who believe they can beat market indexes — in other words, most mutual fund managers — strive for alpha. An article called “Playing the right