An Unofficial Tracking Blog of World Famous Financial Gurus.
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16:41
Warren Buffett's Berkshire Hathaway increased its stakes in U.S. Bancorp (USB) and Bank of New York Mellon (BK) during the second quarter.
The conglomerate disclosed in a regulatory filing that it bought roughly 840,000 shares of U.S. Bancorp's stock, raising its stake in the Minneapolis company to 4.3%. Berkshire Hathaway also bought about 9,000 shares in Bank of New York Mellon, boosting its stake to 2.2%.
12:34
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11:23
Risks can be quantified but all of their elements cannot be calculated in advance and this led to the 2007/2008 financial crisis, US financier and philanthropist George Soros said on Wednesday at the university he founded in Budapest.
The Hungarian-born businessman launched the Hungarian edition of his latest book The Soros Lectures at the Central European University, where he is honorary chairman of the board.
The book presents his general theory of reflexivity and the concept of open society.
Source :http://www.politics.hu/20131128/unpredictable-risks-caused-2008-economic-crisis-says-soros-at-budapest-ceu/
