Remove 2016 Remove Ethics Remove Retirement
article thumbnail

10 Sunday Reads

The Big Picture

My Sunday morning look at incompetency, corruption and policy failures: • Inside Sam Bankman-Fried’s Family Bubble : At Stanford Law School, Joseph Bankman and Barbara Fried specialized in ethics and social fairness. He disclosed none of these activities on his annual disclosure forms, an obvious violation of federal ethics law.

Ethics 130
article thumbnail

Know What You Own

Brown Advisory

Screening can also impact returns over time; the California Public Employees’ Retirement System stated recently that it missed out on as much as $3 billion in gains between 2001 and 2014 as it gradually divested its tobacco holdings.

Ethics 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Know What You Own

Brown Advisory

Screening can also impact returns over time; the California Public Employees’ Retirement System stated recently that it missed out on as much as $3 billion in gains between 2001 and 2014 as it gradually divested its tobacco holdings. Knowledge is Power.

Ethics 52
article thumbnail

2017 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

Insurance operations in total contributed about 20% of Berkshire’s revenue in 2016, and about 6% of pretax income came from insurance underwriting profits. billion of investable float in 2016, which partially funds Berkshire’s $260 billion investment portfolio. More importantly, insurance contributed $91.5 annualized compared with 6.9%

article thumbnail

2017 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

Insurance operations in total contributed about 20% of Berkshire’s revenue in 2016, and about 6% of pretax income came from insurance underwriting profits. billion of investable float in 2016, which partially funds Berkshire’s $260 billion investment portfolio. More importantly, insurance contributed $91.5 annualized compared with 6.9%

article thumbnail

Transcript: Eric Balchunas

The Big Picture

So it’s unusual though to have that much work ethic, that much drive and say, yeah, I want all the investors to have the money. RITHOLTZ: In 2016 …. RITHOLTZ: You made my retirement …. RITHOLTZ: Yes. BALCHUNAS: … the rise and the fall, right? What isn’t nuanced and what is the mother of all trends is high-cost to low-cost.

Assets 173
article thumbnail

2019 Berkshire Hathaway Annual Shareholder Meeting

Brown Advisory

Buffett has invested in companies that had retired 70% of their shares over time, so he likes the idea of companies buying shares at a discount to intrinsic value. Buffett praised Abel and Jain for their accomplishments and their knowledge of the businesses and work ethic, and invited questions for them as well.