...boots?” and then she walks out on him. 2. The main character in the story: ”Are You Ready, Boots?” is named Lulu. She lives in London (ll. 52-54). Lulu acts as if she lives in a dream world (ll. 8 and ll. 37-38). She is very irresponsible. Both the trip to New York and the boots are bought for money she did not had (ll. 47-48). In relation to boys or more specific Charlie, the superficial side of her appears. All she notes about Charlie is how handsome he is (ll. 65), he has a great tan, blond hair, a beautiful suit (ll. 66- 67). Later when Lulu starts dating Charlie she finds out that he has a good paid job (ll. 91) and therefore can afford to have a Porsche. Furthermore, Lulu talks about Charlie’s parents beautiful house in Berkshire (ll. 102). All the superficial things she think is important to have a perfect live. At the end of the story, Spencer has made Lulu think twice about what she sees in Charlie (ll. 114-115) and on what ground their...
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...Bracknell Forest Council Walk-in receptions • Easthampstead House (also main postal address) Town Square, Bracknell, Berkshire RG12 1AQ • Time Square Market Street, Bracknell, Berkshire RG12 1JD 2. Gives you additional choice and greater access to healthcare offering full general practice and walk-in services. Clinics and services that are available in the centre are: * alcohol and drug advice; * cervical screening;* * child health surveillance (registered patients only); * contraceptive services; * health checks for people with learning difficulties;* * immunisations and vaccinations;* * IUCD – fitting;* * maternity care (registered patients only); * minor injuries and minor illnesses; * minor surgery; and* * neo-natal checks for home births (registered patients only).* In an emergency If you need to speak to a social worker outside normal office hours please contact the Emergency Duty Team on 01344 786543. Community Response and Re-ablement Team If you have become unwell or you suffer from a condition that has made it difficult for you to manage at home, you may be entitled to help and support. Tel: 01344 351500. 2. You may have been referred to our service because: * You have been inactive for a while following an illness, injury or surgery and this has left you more dependent on others * A general deterioration in your health and wellbeing means you are finding it increasingly difficult to cope without help...
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...nation. His Masters of Science in Economics was completed at Columbia University.... [tags: Berkshire Hathaway] 338 words (1 pages) FREE Essays [view] Warren Buffet - Warren Buffet Warren Buffet of Berkshire Hathaway and His Investment Strategy Warren Buffet is arguably the most successful investor of all time. His initial investment of $105,000 in the beginning, ultimately grew into a $16 billion dollar fortune made from his trading company, Berkshire Hathaway. If you had invested $10,000 in Berkshire Hathaway when he took over the company in 1965, it would be worth $22,000,000 today. Warren’s stockpicking prowess however, is what he is know for and is also why Berkshire Hathaway has had a returning average of 24% a year for the last three decades.... [tags: GCSE Business Marketing Coursework] :: 3 Sources Cited 551 words (1.6 pages) $14.95 [preview] Case Study of Warren E. Buffet - Case Study of Warren E. Buffet In 1995 Berkshire Hathaway has made a bid for the shares of GEICO. This report reviews the offer made by Warren Buffet and will try to prove that the acquisition of GEICO will serve the long-term goal of Berkshire Hathaway and the bid price was appropriate. Furthermore, it will explain what may have caused for the share price increase for Berkshire Hathaway at the announcement of GEICO’s acquisition. Would the GEICO acquisition serve the long-term goals of Berkshire Hathaway.......
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...Bloomberg News Coca-Cola Is Said to Weigh Investment in Spotify Service By Andy Fixmer and Duane D. Stanford on October 11, 2012 * Tweet * Facebook * LinkedIn * Google Plus * 0 Comments * Email * Print More from Businessweek * * Odd Jobs: The Picasso of Parking Lots * * Post-Debt Crisis, No Consequences * * The Other Affirmative Action Battle: Thomas v. Wells * * The World's First 3D-Printed Guitar * * Algae Are a Growing Part of San Diego's Appeal Companies Mentioned * KO Coca-Cola Co/The * $38.23 USD * 0.12 * 0.31% * GS Goldman Sachs Group Inc/The * $120.2 USD * -1.79 * -1.49% Market data is delayed at least 15 minutes. Company Lookup ------------------------------------------------- Top of Form Go Bottom of Form Coca-Cola Co. (KO) is in discussions to invest about $10 million in Spotify Ltd., the subscription music-streaming service, according to two people with knowledge of the discussions. An agreement isn’t assured, said one of the people, who sought anonymity because the talks are private. An agreement may be reached in the next few weeks, Sky News reported yesterday, citing people close to the beverage company. Coca-Cola, owner of the world’s most-valuable brand, has increased its ties to entertainment so it can market products to young consumers in a subtle way. The Atlanta-based company reached a deal in April to add Spotify to its...
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...Warren Buffett is an American business magnate, investor, and philanthropist. He is one of the most successful investors in the world besides always be introduced as “legendary investor”. Furthermore, he is also one which is ranked among the world’s wealthiest people. In 2008, he was the world’s wealthiest person but his ranking was dropped and he was the third wealthiest person in world as of 2011. “Wizard of Omaha”, “Oracle of Omaha” or “Sage of Omaha” are the names those calls Warren Buffett. Warren Buffett is famous with his adherence to the value investing philosophy and his frugality despite his large wealth. Warren Buffett is also a popular philanthropist which has pledged to give 99 percent of his fortune to philanthropic causes, for example of the Gates Foundation. Warren Buffett was born on August 30, 1930. He is the only son to Howard which is a stockbroker-turned-Congressman. Warren Buffett began his education at Rose Hill Elementary School in Omaha. He continued his education at Alice Deal Junior High School after finished elementary school. In 1947, he was graduated from Woodrow Wilson High School. He was excellent in managing money and business at a very early age. When Warren Buffett was only six years old, he purchased 6 packs of Coca Cola from his grandfather’s grocery store with price of twenty five cents and resold each of the bottles for a nickel with earning five cents. When Warren Buffett was eleven years old, he bought three shares of Cities Service...
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...company profile for Berkshire Hathaway. This profile will include a brief history of Berkshire Hathaway's humble beginnings as a textile manufacturer, and subsequent diversification into a successful powerhouse holdings company that has spread it's risk into a variety of industries. These industries include insurance, utilities, building materials, furniture, jewelry, apparel and food companies. This paper will examine Berkshire's recent financial situation over the last 5 years. while touching on the CEO compensation package. The CEO behind this conglomerate, Warren Buffet, is considered to be one of the greatest investors of the 20th Century. Since Buffet took over in 1965, with his 20% majority share of ownership, Berkshire Hathaway, has grown to include over 50 firms under the corporate name. For the last 36 years , "The Oracle of Omaha" as Warren Buffet is known, has lived by a simple philosophy to invest in strong managed companies that produced good products but were inherently undervalued in the market. (Hoover's, 2013) This paper will also discuss Berkshire's competition for their major industries. Company Profile Berkshire Hathaway Inc. is an American multinational conglomerate holding company that has subsidiaries in the manufacturing, retail, and service industries and most importantly reinsurance companies. The company itself was founded by Oliver Chase back in 1889 in New Bedford, MA, under the name Berkshire Cotton Manufacturing...
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...Good afternoon to my honourable teacher, Puan Rubi, and also my dearest classmate.Today I want to tell you a little about my favourite book titled L.A. Candy by Lauren Conrad.Like Amilyn state yesterday,teenagers nowadays like to read love story,book and novel.I agreed with it because most of my novel are about love story.This book is not totally about love but still,there are some elements of love. Basically this book is about the author herself,Lauren Conrad,but some of the story are true and some are maybe just her imagination to make the story interesting.This story is about Jane and her best friend,Scarlett.They move from Santa Barbara to LA for certain reason.Jane has an internship with Fiona Chen who's a event planner and Scarlett studied at University of Southern California,known as U.S.C. They live like a normal teenage girl at first until one day,Trevor Lord,a producer of reality show met them and offer them to star in new reality show called L.A. Candy.The tv programme shows ups-and-down of Jane,Scarlett and two other girl’s life,name Madison and Gaby.This story also shows behind the scene of reality shows and ofcourse there are a lot of drama and some backstabbing in this story. I love this story because it teaches me about friendship as Jane and Scarlett are bestfriend since they were 5 years old.Though sometimes they had a bit of quarrel,they still close to each other and it show the strength of their friendship. I really enjoyed this book so much .So,.if you...
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...BERKSHIRE HATHAWAY PURCHASES GEICO WARREN BUFFET Executive Summary Berkshire Hathaway has made a bid for the remaining portion of GEICO stock. This report reviews the offer initiated by Warren Buffett. The details of this report include: • Valuation of GEICO stock. The $70 offer made by Warren Buffett and Berkshire Hathaway includes a 26% premium over the current GEICO stock price of $55.75. This report attempts to determine a range of appropriate stock prices for GEICO. Using the Gordon dividend discount model, along with historical dividend information and projections by Value Line, we estimate the value of GEICO stock in the range of $58 to $80. A review of historical growth rates in GEICO dividends also lends credibility to the investment’s future potential. • Review of Warren Buffett’s investment record. While our analysis lends credence to the bid price of $70 per share for GEICO, we also examine the historical record of Warren Buffett. Buffett’s investment success may add to shareholder’s comfort, as his track record is remarkable when compared to broader market results. • Buffett’s investment philosophy. A letter to shareholders gives us a unique look at Buffett’s considerations for investing. By reviewing his checklist, we attempt to gain insight as to why such a premium is included in the GEICO offer. • Other issues. Buffett’s position on GEICO’s board of directors may shed light on the amount of information Buffett had about the future prospects of GEICO. At first...
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...Kyle Chau Mrs. Boote English 10 – Period 5 11 March 2013 Warren Buffett Warren Buffett is famous for many things which include his company (Berkshire Hathaway) and mainly for his philanthropic work. His philanthropic work involves him donating a large amount of money to charities or organizations that need it to help the poor, homeless, and the hungry. He is able to do that because he is the chairman of a famous company, Berkshire Hathaway. Buffett donates money to foundations ran by his children and to foundations run by other philanthropists or ordinary people. According to CNN, Buffett donates around three billion dollars to the charities that his three children run on the day of his 82nd birthday. Also in 2006, Warren pledged 17.5 million Class B shares of his firm to each of his children’s foundations. Along with the $3 billion he wrote a letter to his children saying that he was going to up his pledge by 12.2 million shares each. According to finance websites, one of these shares are worth $154,000 dollars and changing every day. Buffett was the number one biggest charitable donor in 2012 according to Forbes. In 2012, he donated over $3 billion to his children’s foundations and $9.5 billion in shares of his company to the Bill & Melinda Gates Foundation. “Back in 2006, he pledged Berkshire Hathaway stock valued at more than $30 billion to the Gates Foundation. He has been making annual payments toward that commitment since. Last year he gave shares worth $1.5 billion”...
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...acquisition of PacifiCorp increased Berkshire Hathaway’s intrinsic value. Background or Historical Perspective: Berkshire Hathaway was incorporated in 1889 as Berkshire Cotton Manufacturing and later merged with Hathaway manufacturing in 1955. In 1965, Warren Buffett and some partners gained control of Berkshire Hathaway. Buffett invested in companies from various sectors of the market ranging from insurance to clothing apparel. Over the next few decades since Buffett originally acquired Berkshire Hathaway, Buffett became famous as investment genius with an unbelievable growth percentage of 24%. Class A shares of Berkshire Hathaway traded at $102 in 1997 to $85,500 in 2005. Analysis and discussion: The stock price jump for both Berkshire Hathaway and Scottish Power plc means that investors are very optimistic about this move. The increase in Berkshire Hathaway’s market value of $2.55 billion means that the intrinsic value of PacifiCorp will add value to Berkshire Hathaway. The value of PacifiCorp ranges from $6.25 Billion to the $9.4 Billion paid to acquire PacifiCorp. The only aspect of this acquisition is why did Berkshire Hathaway pay so much for this acquisition? The only reason why Berkshire Hathaway would pay so much for an acquisition is that Buffett perceive PacifiCorp’s intrinsic value as more than $6.25 Billion. Berkshire Hathaway has performed extremely well with an annual growth percentage of 24%. By comparing Berkshire Hathaway’s Class A stock with the S&P...
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...Case 2: Warren E. Buffett. Berkshire Hathaway Question 1: The possible meaning of the change in the stock price of Berkshire Hathaway on the day of the announcement is that the shares of GEICO were undervalued at a price of $55,75 and Berkshire Hathaway paid a $14,25 premium per share. However, even though Berkshire Hathaway paid $70 per share, that price was lower than the fair value of GEICO but the shareholders couldn’t turn the offer down. Consequently, Berkshire Hathaway increased it’s market value by $718 millions because the intrinsic value of GEICO was higher than the price it was sold for. The company had outstanding 1,177,750 shares and on august 25 BH share price changed by positive $609.60. At the end of the session, the price was $25,400. 1,117,750 * 609.60 = 717,956,400 gain. In addition, BH already owned 50.4% of GEICO. GEICO had on april 30 1995 a total of 67,889,574 shares outstanding. BH is buying 49.6% of the total outstanding shares: 67,889,574 * 49.6% = 33,673,229 shares Before the acquisition, BH had a value of Total shares * opening price 1,177,750*24,790.40= $29,196.89 million And GEICO had a value of 33,673,229*55.75=$1,877.28 million Resulting to the BH+GEICO = 29,196.89+1,877.28 = $31,074.17 million After the acquisition, BH had a value of Total shares*closing price 1,177,750*25,400= $29,914.85 million And GEICO had a value of 33,673,229*70=$2357.13 Resulting to the total BH+GEICO = 29,914.85+2357.13 = $32,271.98 million and...
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...WARREN BUFFET The Omaha Miracle 12/ 16/ 2008 Business English 1 WARREN BUFFETT The Omaha Miracle Table of Content I III IV IV Biography / Historical Timeline Berkshire Hathaway Buffet’s Principals Sources 12/ 16/ 2008 Business English 2 WARREN BUFFETT The Omaha Miracle Warren Buffett was the richest man in the world 2008. 12/ 16/ 2008 Business English 3 WARREN BUFFETT The Omaha Miracle He’s a self-made man with a fortune of around $62 billion. 12/ 16/ 2008 Business English 4 WARREN BUFFETT The Omaha Miracle Croatia’s GDP was actually $63 billion in 2008. 12/ 16/ 2008 Business English 5 WARREN BUFFETT The Omaha Miracle He lives in the same house in Omaha, Nebraska that he bought in 1958. 12/ 16/ 2008 Business English 6 WARREN BUFFETT The Omaha Miracle But Mr. Buffett doesn’t live here… 12/ 16/ 2008 Business English 7 WARREN BUFFETT The Omaha Miracle …he actually lives here. 12/ 16/ 2008 Business English 8 WARREN BUFFETT The Omaha Miracle Is this his car? 12/ 16/ 2008 Business English 9 WARREN BUFFETT The Omaha Miracle Well this is. 12/ 16/ 2008 Business English 10 WARREN BUFFETT The Omaha Miracle Like every American he’s also pretty much into sports and even sponsors an international tournament. 12/ 16/ 2008 Business English 11 WARREN BUFFETT The Omaha Miracle The Warren Buffett Bridge Cup to be exact. 12/ 16/ 2008 Business English 12 WARREN BUFFETT The Omaha Miracle ...
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...Berkshire Hathaway Summary Facts about the Firm Berkshire Hathaway is an American multinational company based out of Omaha, Nebraska, USA & does not resemble the original company that Buffett had bought during the 1960’s. As of 2008, it was active in a variety of sectors, including insurance, regulated utilities & retailing. It is a holding company that manages a number of subsidiary companies belonging to the companies in these variety sectors. In 2008, the revenues of the conglomerate had become $81.7 bn. Warren Buffett has been at the helm of affairs since the inception & still remains the current Chairman and CEO. Charlie Munger, who is his best advisor and has been attached since early days to Buffett is the current Vice-Chairman. Analysis After gaining some experience in investing in firms, his first moderately successful venture being the Dempster Mill Manufacturing, Buffett bought Berkshire Hathaway, a textile mill which he was tracking from some years and then started looking out for other investing opportunities from the profits he made. His target over the years was to invest and acquire Insurance firms which would give him the extra cash needed to invest elsewhere. He carried on a spate of acquisitions over the years using the below acquisition criteria: - * Large purchases (at least $75 million of pre-tax earnings) * Demonstrated consistent earning power (sustainability of the business) * Businesses earning good returns on equity...
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...before Buffett sent his wallet to the winning bidder, he removed a significant and personal item that reveals 10 secrets to his extraordinary wealth-building success. A t a recent auction for a girl’s charity, Warren Buffett’s Wallet was won for a bid of $210,000 because it included a stock tip. Before he sent his 24-year-old wallet to the winning bidder, he removed a significant and personal item that reveals many secrets to his extraordinary wealth-building success. What was the item? I’ll tell you in a moment. First, let me take you back to 1969. At this time, Warren Buffett was in the process of liquidating his Buffett Partnership and focusing his time and energy on building the holding company that’s known today as Berkshire Hathaway. And one of the first businesses he purchased as a wholly owned subsidiary of his new conglomerate was the Illinois National Bank, which was, at the time, the largest bank in Rockford. One of the things that makes this purchase particularly interesting is that, viewed over time, the purchase and management of the bank provides an almost picture-perfect example of the ten investment and management principles that have made Buffett the world’s greatest investor. SECRET NUMBER 1: Invest in an old economy company that’s a leader in an industry you understand. Banking may not be the world’s oldest profession, but it’s one of the oldest, so a bank is clearly an “old economy” company. The Illinois National Bank [INB]...
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...1. What is the possible meaning of the changes in stock price for Berkshire Hathaway and Scottish Power plc on the day of the acquisition announcement? Specifically, what does the $2.17-billion gain in Berkshire’s market value of equity imply about the intrinsic value of PacifiCorp? The changes of the stock price for Berkshire Hathaway and Scottish Power plc is due to the fact that the deal between these two companies created value, indeed it created value for the buyers and the sellers because for example thanks to this acquisition Berkshire is more diversified. Moreover, we can also say that the stock prices of Berkshire Hathaway and Scottish Power plc changed due to the variety of products produced by these two companies, for example Berkshire Hathaway has eight types of different products, from insurance to wholesale distributing. The fact that this deal creates value for both buyer and seller prove that the overall market approves it. The $2.17 billion gain in Berkshire’s market value of equity implied that the intrinsic value of PacifiCorp was good. Indeed according to these calculations we can say that its value and its competitors ones are in the same range (see exhibit 9). $2.17 billion312,18 million =6.95 This is what Berkshire is willing to pay for each share of PacifiCorp. 5.1 bilion312.18 million=16.30 6.95+16.30=$23.25 2. How well has Berkshire Hathaway performed? How well has it performed in the aggregate? What...
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