Headlines: 1Q results, insurance purchase from GE mentioned at Annual Meeting (Medical Protective, a 106yr old company that owns the dentist malpractice market and based in Fort Wayne IN — right up Buffett’s alley), dividend discussion, etc. Also, attached are two other greats commenting on 1Q results, Bill Miller and Jeremy Grantham. Bill queries the current Oil Bug and remains bullish on US equities, and Jeremy says sell your overvalued roof. Plus, one of my favorite quotes from Annual meeting, paraphrased: “Selling financial assets during a panic is a bit like leaving a burning theater during a fire, only you can’t leave your seat until you can convince someone else to take it.”
Berkshire Hathaway 1Q Profit Falls
Washington Post - Washington,DC,USA
NEW YORK -- Berkshire Hathaway Inc., the insurance giant run by billionaire Warren Buffett, on Friday said its profit fell 12 percent in the first quarter ...
Buffett to pay $825M for GE insurer
CNN - USA
NEW YORK (Reuters) - A unit of Warren Buffett's Berkshire Hathaway Inc. agreed to buy General Electric Co.'s Medical Protective Corp. ...
An Executive at Berkshire Faces Charge From S.E.C.
By TIMOTHY L. O'BRIEN Published: May 7, 2005
Berkshire Hathaway, the company controlled by Warren E. Buffett, disclosed late yesterday that the Securities and Exchange Commission plans to file a civil securities fraud complaint against a senior vice president of the General Re Corporation, a Berkshire insurance unit mired in a number of investigations for possible financial manipulation.
Buffett's Berkshire Says SEC May Sue Executive at General Re
May 7 (Bloomberg) -- Warren Buffett's Berkshire Hathaway Inc. said an unidentified executive at its General Re unit may be sued by the Securities and Exchange Commission as the regulator investigates reinsurance accounting.
Buffett's Talk of Dividend Sends Daunting Message: Chet Currier
Bloomberg - USA
Berkshire Profit Falls 12% on Buffett's Currency Bet (Update3)
Bloomberg - USA