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Posts Tagged ‘Warren Buffett’

According to Hurun Report’s annual Hurun China Rich List, Wang Chuanfu is China’s richest man. Chuanfu, founder and chairman of BYD (Build Your Dreams) Auto, has a personal fortune estimated at $5.1 billion. American investor Warren Buffet, currently the world’s second richest man (correct me if I’m wrong), invested $230 million in BYD last year. The investment quintupled the value of BYD over the past 12 months. It was reported in August, that Warren Buffett earned a $1 billion profit from an

Thanks to Peter Orvetti at Independent Political Report for the news.Ralph Nader’s new, fiction book is: “Only the Super-rich Can Save Us!” It will be released by Seven Stories Press on September 22, 2009.Description from the publisher’s web-site, below:“In the cozy den of the large but modest house in Omaha where he has lived since he started on his first billion, Warren Buffett watched the horrors of Hurricane Katrina unfold on television in early September 2005. . . . On the fourth day, he be

Filed under: Technology Direct injection is exciting technology in that it allows car enthusiasts to have their cake and eat it too. How so? via: Autoblog REPORT: 2011 Hyundai Sonata coming to Detroit Auto Show Electric Trabant revival slated to debut at Frankfurt Japanese oil, gas companies to tackle hydrogen fueling infrastructure REPORT: Lamborghini hybrid coming in 2015, next-gen models available with either AWD or RWD Warren Buffett reportedly rakes in $1B profits

Filed under: Politics , Recession , Financial Crisis There has been a lot of chatter lately about the possibility of a second stimulus package for America , and now it has received the blessing of Warren Buffett. On this morning's Good Morning America (on ABC), Buffett said, "I think that a second one [stimulus package] may well be called for ... you hope it doesn't get watered down in many ways." Buffett leveled criticism at the first stimulus bill, calling it "sort of like taking ha

Billionaire investor Warren Buffett supported Barack Obama’s Presidential bid last year, and has never been a proponent of major tax cuts. But in an interview today with CNBC, Buffet slammed the new Energy Tax being voted on in Congress this week saying it is a “huge tax” that will “harm an awful lot of people”. While Buffett’s opposition to this legislation underscores the damage the Energy Tax will do to our economy, you don’t have to be a financial wizard to know that a massive tax increase