Two weeks ago, Warren Buffett’s Berkshire Hathaway purchased 63 daily and weekly newspaper titles from Media General (NYSE: MEG) (press release). In the letter below, Buffett welcomes the publishers and editors of the 25 purchased dailies to the Berkshire world and gives some insight into how the new boss thinks about business (a well received lesson, I would hope). The bold emphasis is mine.
May 23, 2012
To the Publishers and Editors of Berkshire Hathaways’s Daily Newspapers:
Until . . .
→ Read More: Warren Buffett’s Letter to Newly Acquired Publishers and Editors ($MEG)
Yesterday’s 52 week low list illustrates the problems Chinese companies are facing on US exchanges. Chinese companies highlighted in yellow:
I am sure (reasonably sure?) that they aren’t all frauds and that there are probably some great deals to be had, but how can one get comfortable with the financials with so many examples of fraud (even . . .
→ Read More: US-listed Chinese companies keep falling ($YUII, $CGA, $APWR)