You’ve probably never heard of Pattie Sellers. But Warren Buffett has. And so have Sheryl Sandberg, Oprah Winfrey and Indra Nooyi. It’s an enviable list, really. They’re among the many who’ve joined Sellers at the Most Powerful Women summit. This year, from a slightly raised stage, she looks out once more across table upon table of some of the world’s most prominent female executives, artists and philanthropists. It’s the opening dinner of Fortune magazine’s annual summit on a surprisingly chilly October evening on the Southern California coastline. The 400-plus guests sit under a big, white tent on a cliff perched over the gray, choppy Pacific. Inside, the Ritz-Carlton has pulled off something that looks a lot like prom: purple sequined tablecloths and settings of pink roses illuminated by purple and pink floodlights. Read full article > >

More here:
The Rolodex that redefined power

Warren Buffett, one of the world’s most successful investors, reveals he has built a 5.4% stake in IBM after years of avoiding tech stocks.

Read more:
Buffett buys $10.7bn stake in IBM

Bank of America, seeking to snap this year’s stock plunge, will pay billionaire Warren Buffett $300 million a year to do what he did for Goldman Sachs during the credit crisis: bolster confidence. The $5 billion sale of preferred equity, which initially sent the shares up 26 percent, may improve investor perceptions without meaningfully affecting the source of their concern, the bank’s capital, analysts said. The deal gives Buffett’s Berkshire Hathaway warrants — or the right to buy stock at a specific price — that could make it the lender’s largest stockholder. Read full article > >

Read more:
Buffett bolsters Bank of America

In Sunday’s New York Times, Warren Buffett discusses the need to raise taxes on the wealthy. He’s absolutely right. Tax increases, in general — as well as tax increases on the wealthiest households, in particular — need to be a part of the solution.

Go here to read the rest:
Opinion: Buffett is right

Harsh words from the Oracle of Omaha. Berkshire Hathaway founder Warren Buffett called the ethically dubious stock purchases of his former top aid David Sokol “inexplicable and inexcusable,” though he took some responsibility himself for the…

Read the original:
Buffett: Sokol’s Purchases ‘Inexcusable’

OMAHA — Berkshire Hathaway’s annual meeting Saturday was dominated by somber topics as CEO Warren Buffett explained to about 40,000 shareholders how the company had been battered by a trusted former employee’s misdeeds and a string of natural disasters.

See the original post:
Warren Buffett: Berkshire Hathaway can recover from $1.7 billion in losses

US billionaire investor Warren Buffett faces tough questions from Berkshire Hathaway shareholders about a top executive’s resignation.

Go here to see the original:
Buffett admits ‘mistake’ on Sokol

Radiation in Japan, bus-stop attack in Israel, Warren Buffett in India and more.

Read the original here:
Radiation in Japan, bus-stop attack in Israel, Warren Buffett in India and more in the day in photos

Billionaire investor Warren Buffett makes his first trip to India as he seeks investment opportunities in Asia.

Read more:
Buffett makes first trip to India

US billionaire investor Warren Buffett urges Americans to ignore “prophets of doom”, and says he believes the country’s “best days lie ahead”.

See the original post here:
Buffett upbeat over future of US

The billionaire investor is leaving his long-held position, but Berkshire Hathaway showed no signs of selling its stake.

Link:
Media Decoder: Buffett Leaves Washington Post Board

Slate has released its annual ranking of 80 of the world’s most powerful people over 80 years old. New to the top 10 of the 80 Over 80: Warren Buffett, George Soros, Clint Eastwood. Thomas S. Monson, 83, the president of the Mormon Church and as such…

More here:
The Most Powerful Octogenarians

Tea Partiers rage against taxes and say they’re too high. Wrong, says billionaire Warren Buffett: on the rich, they’re too low. The tax code holds the answer to this standoff, and the code backs Buffett. Taxes may be the bane of the Tea Party, but they’re a relative boon for the wealthy. Let’s look at some of the ways America’s tax system keeps Warren Buffett’s fortune in Warren Buffet’s hands. read more

Read more:
Tax System Favors Wealth Over Work