Dividends4Life: Buffett Is Dancing in Omaha Again

Buffett Is Dancing in Omaha Again

Posted by D4L | Thursday, March 10, 2011 | | 0 comments »

CEO Warren Buffett was tap dancing with gusto Saturday as he reported estimate-busting earnings for Berkshire Hathaway (BRK/A). The results were far above Wall Street estimates and 43% higher than last year. Importantly book value (net assets per share divided by total shares) exceeded $95,000 for the Class A shares.

As many of you know, BRK is the only non-dividend paying stock we own in our models (it's in our Capital Builder Model). We have made this dispensation for Mr. Buffett because in studying him over the years we learned of Benjamin Graham, and in getting to know Mr. Graham's theories, we came to know about the dividend meister John Burr Williams. We have been convinced for years that Mr. Buffett is really a follower of Williams as much as Graham because of the types of companies he has acquired over the last 30 years.

Source: Rising Dividend Investing

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