Tag: Warren

Incoming CEO of Warren Buffett’s railroad Katie Farmer on the economy

Katie Farmer, incoming CEO of BNSF Railway, told CNBC on Friday that her industry has clearly been impacted economically by the coronavirus pandemic, but there’s optimism on the horizon.

“We have seen the economy start to pick up relative to rail loadings,” Farmer told “Squawk Box.”

While BNSF, owned by Warren Buffett-led Berkshire Hathaway, anticipates a rebound, Farmer noted this year has been different from the past.

“We basically say that if we’re handling 200,000 units of wheat, that indicates we’re a busy railroad,” she explained. “In 2018, we handled over 200,000 units of wheat, 41 times that year. Fast forward to 2020 and with the impact of the pandemic, we haven’t hit 200,000 units on our railroads yet.”

“In the depth of the pandemic, our rail loadings were actually down to about 150,000 units a week. Now, we have seen that continue to come back. And we anticipate this

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Warren Computer Business May Be Open, Struggles Continue

Warren, RI — Crazy Computers is open for business. That wasn’t the case for two months as they had to shut down because of the health risks posed by the coronavirus. While their “Closed” sign has gone away, the struggles have not.

The business, which has been in Warren since 1998, is a small technology shop that serves the community by repairing computers. They also solve other issues posed by a variety of digital devices and networks.

Even with support from the CARES Act, the 2-month shutdown was a tough storm for part-owner Cezary Eliminowicz to weather. With the door closed and all business put on hold, they were not bringing in any revenue.

“Everyday is touch and go,” Eliminocowicz said. “There is less walk-in traffic and no more housecalls. We have work,” he added, “not like it was before, but still enough to keep us afloat.”

As the pandemic

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Cheap UK shares: I’d follow Warren Buffett’s strategy to get rich

Warren Buffett is well known for his love of “buying quality merchandise when it is marked down.” I think he’d be interested in both of the cheap UK shares I’m going to look at today.

Both companies operate in the insurance sector, which is where Buffett made his fortune. Insurers are out of favour in the UK at the moment, but recent news suggests to me that investors can look forward to improving performance and some high dividend yields.

Covid claims cut

My first pick is commercial and general insurance group Hiscox (LSE: HSX). The firm is one of eight UK insurers which took part in a legal test case to clarify whether it should pay out on business interruption claims relating to the coronavirus lockdown.

The High Court has now released its judgement on this case — apparently it’s “more than 160 pages”.

What we need to know

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Warren Buffett’s $300,000 Haircut Reveals a Brutal Truth About Success Few People Are Willing to Admit

According to Alice Schroeder’s The Snowball: Warren Buffett and the Business of Life, a young Buffett was sometimes heard muttering things to himself like, “Do I really want to spend $300,000 for this haircut?” (H/t to this Wall Street Journal article by Jason Zweig.)

Warren Buffett obviously never spent $300,000 on a haircut. The remark instead refers to the power of compound earnings over time, something Buffett later called “The Methuselah Technique”: The financial advantages of a long life, a high rate of return, and as Buffett wrote in his 1965 Buffett Partnership letter, “a combination of both (especially recommended by this author.”)

Of course he’s right: Where building wealth is concerned, time is your friend. Say you invest $5,000 and receive a relatively conservative 6 percent return. Over time, here’s are the gains on that $5,000:

Clearly time is your friend. But while money spent today is money that

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Want to make a million? I’d tune in to Warren Buffett and buy cheap UK shares right now

Over the last couple of weeks, many stocks became cheaper because of another pullback in the markets. And times like this are perfect for hunting out cheap UK shares.

In his long investing career, multi-billionaire investor Warren Buffett made much of his money buying shares in good-quality businesses, something that can be seen from his annual Berkshire Hathaway shareholder letters. But he always had an eye on valuation. So, when the markets were weak and uncertainty filled the air, he was often found making some of his most lucrative stock purchases.

What is a cheap UK share?

Volatility returned to the stock market last week after what has been an amazing rally since the spring lows.  And some have branded that long uptrend a ‘lockout’ rally. Why? because disbelieving investors often stand on the sidelines waiting for the ‘inevitable’ correction before buying. But the correction never seems to arrive. Shares

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