An Unofficial Tracking Blog of World Famous Financial Gurus.
This blog tracks famous financial gurus' market commentary, investment ideas, video interviews and media appearances.
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14:06
The Oracle of Omaha is certainly not guilty of a lack of energy in the remaining days of 2013.
Warren Buffett grabbed his share of recent headlines when he disclosed a $3.45 billion stake in ExxonMobil. And although this story received large amounts of attention from the media, it's only fair to acknowledge Berkshire Hathaway's subsidiary, MidAmerican Energy Holdings, which has also been busy lately.
Green with NV
On Monday night, Nevada utility regulators approved the sale of the state's largest electric utility, NV Energy (NYSE: NVE ) , to MidAmerican Energy for $5.6 billion. Before being finalized, the deal needs to be approved by the Federal Energy Regulatory Commission, but that is expected to be coming any day. The acquisition of NV Energy will add approximately 2.4 million customers to MidAmerican Energy's current 6.4 million electricity and 700,000 natural gas customers.
An investment in NV Energy is an investment in renewable energy. Nevada's renewable portfolio standard states that at least 25% of the company's retail energy sales are derived from renewable sources by 2025. Working toward that goal, NV Energy reached 1 GW of renewable energy under contract. Further demonstrating its commitment to renewable energy sources, NV Energy is working toward bringing its Crescent Dunes Solar Thermal project online in 2014. The 110 MW, concentrated solar thermal project will be able to store energy and provide it to customers at night or when it's cloudy.
An investment in NV Energy is an investment in renewable energy. Nevada's renewable portfolio standard states that at least 25% of the company's retail energy sales are derived from renewable sources by 2025. Working toward that goal, NV Energy reached 1 GW of renewable energy under contract. Further demonstrating its commitment to renewable energy sources, NV Energy is working toward bringing its Crescent Dunes Solar Thermal project online in 2014. The 110 MW, concentrated solar thermal project will be able to store energy and provide it to customers at night or when it's cloudy.
Source @ fool
11:11
“If you look at the entire market, some stocks are not terribly expensive and some stocks are very expensive. It’s like in year 2000, not every stock was overpriced. At that time, the NASDAQ was grossly overvalued but, say, resource shares and so-called ‘old economy’ companies were relatively inexpensive or absolutely cheap. In the present instance, I think that stocks like Facebook Inc (NASDAQ:FB), Tesla Motors Inc (NASDAQ:TSLA), Twitter Inc (NYSE:TWTR), Netflix, Inc. (NASDAQ:NFLX), [and] Veeva Systems are grossly overvalued and that the basket of shorts in these stocks will return you at least 30% next year.”
Source @ etfdailynews
10:17
Yes, at one point I did invest in Iran, back in the 1990s and made something like 40 times on my money. I didn't put millions in because there was a limit on how much a person could invest. But this was over 20 years ago. I would like to invest in Iran again, but I don't know the precise details on the sanctions and the current status of Americans being able to invest there. But Iran is certainly on my list. And so are Libya and Syria. I'm not doing anything at the moment in these countries, but they are places that are on my list.
