Warren Buffett seems to be ignoring his own advice in his purchase of the Omaha World-Herald. In...

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Andrew Mann Comments (901)
 
Buffet is getting old... Who cares if he gets a little nostalgic, and buys his local newspaper. He deserves it.
1 Dec 2011, 06:06 PM Reply Like

wyostocks Comments (5344)
 
....the best interests of Berkshire (BRK.A) shareholders....has always been and will continue to be determined by Warren.
1 Dec 2011, 06:12 PM Reply Like

cynic2011 Comments (652)
 
It's like when Armand Hammer was COB of OXY and they bought Arm & Hammer. Hubris
1 Dec 2011, 06:13 PM Reply Like

Brandon Gibbs Comments (196)
 
Buffett knows something we dont know, this has always been true.
1 Dec 2011, 06:18 PM Reply Like

jferreiro Comments (37)
 
Corruptocrat Buffett may know something that we do not know. Maybe Obama will bailout these newspapers. Kind of when Buffett advised Geitner on the economy and bought bank stocks before their run up. Cronyism and corruption lead to the best investment returns. Buffett is a fat cat crony known to front run the competition. Crime does pay. Just ask John Corzine
1 Dec 2011, 06:35 PM Reply Like

The Sane Investor Comments (352)
 
This seems like an acquisition that might have been better made with Buffet's personal wealth rather than the Berkshire's capital, if the thought process is more around local ownership and editorial independence.
1 Dec 2011, 06:39 PM Reply Like

Brandon Gibbs Comments (196)
 
Until gov't funding for newspapers to 'go green' (apps, website upgrades, anything to save the trees, etc.) comes in and these "terrible" newspaper companies are brought back from the dead. Something tells me Berkshire folks will enjoy watching how this one plays out. I wouldnt underestimate the old man.
1 Dec 2011, 08:05 PM Reply Like

davidingeorgia Comments (2690)
 
What? He wasn't getting his butt kissed regularly enough by his pet cable network CNBC?
2 Dec 2011, 05:42 AM Reply Like

Humble Value Miner Comments (370)
 
editorial independence of newspapers is in the interest of everybody
2 Dec 2011, 08:22 AM Reply Like

gswiebe Comments (8)
 
The Omaha World Herald has always given Berkshire good press. Why wouldn't they? It's what shareholders read and keep as memorabilia from their pilgrimage to Omaha.

Buffett likely purchased the paper at a discount because he saw value. "Nothing to add."
2 Dec 2011, 12:22 PM Reply Like

Billionairechronicles Comments (2)
 
Now Buffett wants to buy a real buggy whip factory.
http://bit.ly/soiKCb
2 Dec 2011, 02:50 PM Reply Like

retire early Comments (51)
 
Why all the Anti-Buffettism? What is he going to outsource Omaha World-Herald jobs to Indonesia or something? lol
2 Dec 2011, 11:11 PM Reply Like

dividend_growth Comments (2748)
 
iPad has saved the newspaper industry.
3 Dec 2011, 09:18 AM Reply Like