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Tag: Warren

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,"...
British and Irish Lions 2017: Warren Gatland's late call-ups make bench for Chiefs

British and Irish Lions 2017: Warren Gatland's late call-ups make bench for Chiefs

Sports
Media playback is not supported on this device Chiefs v British and Irish LionsVenue: FMG Stadium Waikato, Hamilton Date: Tuesday, 20 June Kick-off: 08:35 BSTCoverage: Live text commentary on the BBC Sport website and appThe six controversial British and Irish Lions call-ups are all named among the replacements for Tuesday's match against the Chiefs in Waikato.Allan Dell, Kristian Dacey, Tomas Francis, Cory Hill, Gareth Davies and Finn Russell were all drafted in by Warren Gatland over the weekend. Ireland hooker Rory Best captains the side."We are five games into the tour and there is still a lot to play for," said the Lions coach.Iain Henderson, Greig Laidlaw, Dan Biggar and Elliot Daly start having come off the bench in Saturday's 32-...