Berkshire Buys Brookfield Brokerage for $130 Million

Warren Buffett’s Berkshire Hathaway has paid $130 million to buy out Brookfield Asset Management’s stake in the conglomerate’s fast-growing real estate brokerage. Berkshire exercised its option to acquire the Toronto-based private equity firm’s one-third stake in Berkshire Hathaway HomeServices in February, Brookfield disclosed during an earnings call Monday. The deal closed last month. “We like…

The Mental Habit That Helped Warren Buffett Become a Billionaire

Warren Buffett tends to bill himself as an ordinary guy who just happened to make a ton of money by being thoughtful, patient, and frugal. He’s also very smart, and puts a lot of time and effort into thoroughly understanding the market and his investments. But there’s one other quality Buffett has that the rest…

Charlie Munger’s Thoughts from the 2017 Berkshire Annual Meeting

“To make teaching endurable, it has to have enough wiseassery in it. And we do.” “We’ve done a lot of preaching [about investing] to not much effect.” “To the extent you’re working on it, you’re on the side of angels, but lots of luck.” Munger has tapped into something that makes his ideas both memorable…