Warren Buffett gets a boast with Media General

Today’s middays gainers are Enzon Pharmaceuticals Inc (NASDAQ:ENZN), Media General, Inc. (NYSE:MEG), Theravance Inc (NASDAQ:THRX) and midday losers are InterOil Corporation (NYSE:IOC), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA), Novacopper (NYSEMKT:NCQ).

Today’s midday gainer is Enzon Pharmaceuticals Inc (NASDAQ:ENZN). The healthcare stock shot up +10.69%, hitting $1.61. Billionaire Seth Klarman holds 7.6 million shares (0.37% of his fund), acquired for $3.32 each. Carl Icahn owns 5.9 million shares (0.04% of his holdings), purchased for an average $3.59.

The second company with a major gain today is Media General, Inc. (NYSE:MEG). The television broadcast company increased +6.83% to $19.87. With 4.6 million shares, MEG represents 0.07% of Warren Buffett’s fund. The investor paid an average $4.63 per asset.

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The Return from Equities will be very muted in the next few years

Q: If it is not the developed market equities and it is not the emerging market equities where would you put your money to use at current levels?

Marc Faber :  I think what people hate today is essentially to hold cash and my sense is that the return from equities will be very muted in the next few years. Maybe you will make something like 5-10 percent per annum, but even that would be a very high return considering that in the western world - in eurozone, in America and in Japan you have essentially zero interest rates. So if equity investors make 5 percent per annum, it is actually a very higher return. - in a recent interview with CNBC TV18

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