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Investing lessons from Warren Buffett's $9 billion Oncor 'stumble'

Investing lessons from Warren Buffett's $9 billion Oncor 'stumble'

Finance
Berkshire Hathaway recently made investment headlines with its agreement to purchase the power-transmission company Oncor for $ 9 billion in cash, a would-be coup for the legendary billionaire, as it would have chipped away at Berkshire's bloated cash balance (of nearly $ 100 billion).Disappointment, however, came in the form of Sempra Energy, which swooped in with an offer of $ 9.45 billion. This made headlines, some of which characterized the chain of events as a "stumble" by Buffett, even insinuating that the Oracle of Omaha might be losing his deal-making chops.A recent article in Fortune quotes an equity analyst who argues that Berkshire's loss of two large acquisition opportunities this year "calls into question the effectiveness of their gentleman's agreement acquisition strategy,"...
Top money lessons dads can teach their kids this Father's Day

Top money lessons dads can teach their kids this Father's Day

Finance
Fathers shape their children's financial life.To that point, 56 percent of people said their fathers influenced their retirement savings and 62 percent said their retirement plans are similar to their dads' strategy, according to a John Hancock Retirement Services survey of 1,007 Americans adults conducted in late April.Paternal influence cuts both ways. A recent T. Rowe Price analysis found that people who have declared bankruptcy were more likely to have kids who do not save any money, compared to the children of people who didn't declare bankruptcy.Dads can raise their personal finance game this Father's Day. Kerry Hannon, author of "Love Your Job: The New Rules of Career Happiness," shared with CNBC's "On the Money" about the best money lesson her father, Jack, who passed away nine yea...