Newsmakers

Buffett, Seeing Crisis Abate, Makes A Move

 

Following large profit increase—not the least of which was seen in its insurance units—Berkshire has made an “all in” bet on the American economy with its purchase of Burlington Northern Santa Fe railroad.

Book Review: The Curse of the Mogul, Jonathan Knee

Any media executive who doesn’t “get” The Curse of the Mogul—or anyone who doesn’t think it will be a long term bestseller—proves the point that authors Jonathan A. Knee, Bruce C. Greenwald, and Ava Seave are making throughout the

Harvard Confirms Swap, Real Estate Losses

 

Although the fund was known to be down 27% on the year, the recently released annual report shows that the University lost big on interest-rate swaps and real estate in fiscal 2009—and that the University also was, unusually, investing much of its General Operating Account alongside the rest of the endowment.