Warren Buffett suggested last weekend that investment and capital allocation decisions are not influenced by taxes. Many, myself included, expressed some skepticism based on prior Buffett decisions This week we see Costco declaring a $3B special dividend, financed by debt, … Continue reading
Sometimes it is painfully obvious that a reporter is spending a lot of time listening to her hedge fund sources. Case in point. Morgenson keep speaking of evidence that shows Fairfax didn’t have an economic interest in Odyssey, but won’t … Continue reading
This is just awful, particularly the suggestion that Congress might tax savings built up in 401ks. I have generally dismissed individuals who’ve suggested the government would confiscate these savings as cranks, but I’m beginning to wonder. I don’t know who … Continue reading
Bronte Capital: Hewlett Packard and Autonomy: notes from my Santangels presentation. Sales were $870 million. Receiveables (sic) were $330 million – which is four and a half months of receiveables. Deferred revenue is $177 million – just over half of … Continue reading
Of course he was. Buffett was willing to walk away from a deal because the taxes would have taken too much of a bite out of it. Fortunately for him, the board gave in and allowed him to structure the … Continue reading