Palm Beach Daily




This is how Buffett just stole a spinoff “cash cow”… and how you can too

In last Monday’s Daily (Dec. 1, 2014), we featured Warren Buffett’s purchase of Proctor & Gamble’s Duracell division. Battery-maker Duracell is a perennial “cash cow.” It commands 25% of the world’s battery market. It’s a classic Buffett deal: As he wrote in his 1989 letter to Berkshire Hathaway shareholders, “It’s far better to buy a […]




Instant Insight: Items of note across the Palm Beach universe…

GREED—As we noted in yesterday’s Daily, bullish sentiment is surging. Investors just kicked CNNMoney’s sentiment readings into the “greed zone.” Remember the warnings of super-investor Warren Buffett: Be fearful when others are greedy (and greedy when others are fearful). RED BACK—China just inked an agreement with Los Angeles to establish its first yuan clearinghouse bank […]