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Warren Buffett “Oracle of Omaha” HBO Documentary Berkshire Hathaway #Advexon Video

February 15th, 2019 Comments off

 

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It is important to be fair and balanced. This video has had some 1.6 million views since it was first posted on YouTube on Mar 3, 2017, almost 2 years ago.

 

To be precise, there have been 1,603,008 views as of the time of this Daily Business News on MHProNews post. It should be self-evident that the frame for this narrative is a positive one.  After all, how do you get access to interviewing the world’s currently 3rd most wealthy man without some assurance that the video you will produce is going to be a positive?

Here’s what the video page says: “Known as the “Oracle of Omaha,” Buffett is one of the most successful investors of all time. His Berkshire Hathaway owns more than 60 companies, including Geico, Duracell and Dairy Queen. The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13. He has committed to giving more than 99% of his fortune to charity. So far he has given $28.5 billion. With friend Bill Gates, he launched The Giving Pledge, asking billionaires to donate their wealth.”

We link below various reports on Berkshire Hathaway’s manufactured housing brands, and some of the more important reports published here on MHProNews or on MHLivingNews.

 

 

The billions he’s given away is perhaps more complicated than it is made to sound.  But that will be covered at another time. Suffice to say for now that they are largely stocks given to foundations. According to the producers of the documentary, the causes they have supported are as shown.  They reflect Buffett’s left-wing, “progressive” political posture.

 

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Among the items mentioned or shown in this video?

  • The Moat
  • Circle of Competence
  • Kevin Clayton and Clayton Homes are briefly shown
  • Bill and Melinda Gates
  • Family life
  • Charlie Munger, Buffett’s partner and Berkshire Hathaway Vice Chairman
  • Value Investing.
  • The Solomon Brothers crisis.
  • That he says that he is an agnostic, plus details about his marriage and personal life.

There’s more. The Daily Business News on MHProNews may revisit this video later, on a slower news day. For the rest of the story, see the related reports, linked below. That’s this morning’s manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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Related Reports:

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Conquest Capitalism – Thoughts of Chairman Warren Buffett – Billionaires Campaign to Control Trillion Dollar Affordable Housing Market

CFPB and 21st, Second Shoe Drops? Flooring w/21st Mortgage Corp? Insider Tips

Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

 

News Tip, Document – Is Clayton Homes Engaged in False Down Payments? Deceptive Trade Practices?

News Tip, Document – Is Clayton Homes Engaged in False Down Payments? Deceptive Trade Practices?

 

God’s Sense of Humor, Tilting After Windmills, Manufactured Housing – Merchants or Crusaders?

HUD Code Manufactured Home Production Decline Persists – Time For Action Not Excuses

“The Illusion of Motion Versus Real-World Challenges”

MHARR Exposes GSES’ Failure On Chattel Financing Before Congress

“Restoring the Rule of Law To Manufactured Housing Regulation”

 

 

 

 

 

 

Billionaire Sees Shipping Containers as Homeless Solution

April 11th, 2017 Comments off
BillionaireSeesShippingContainersasHomelessSolutioncreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Homeless encampment residents watch it being destroyed in San Jose, CA. Credit: Bloomberg.

In the San Francisco Bay Area of California, housing, along with most everything else, is very expensive. In many cities in the region, this disparity creates a toxic combination: an affordable housing crunch and rampant homelessness.

A billionaire in the area believes that the solution lies in repurposing shipping containers.

According to HousingWire, Santa Clara based real estate developer John Sobrato recently unveiled a proposal to build 200 micro apartments for both homeless and low-income renters, utilizing shipping containers, turning them into units between 160 and 240 square feet with kitchenettes and bathrooms with showers.

I think it’s time to turn my attention to creating a very cost-effective solution to housing the homeless and very low-income people,” said Sobrato.

BillionaireSeesShippingContainersasHomelessSolutioncreditForbes-postedtothedailybusinessnewsmhpronewsmhlivingnews

John Sabrato. Credit: Forbes.

Instead of sleeping in a pup tent or under an overpass, Santa Clara homeless folks will have a clean, dignified, safe place to call home.”

Sobrato plans to lease a 2.5-acre plot of city-owned land three miles from the San Francisco 49ers football stadium, which the city acquired in 2005 with the intention of creating affordable housing.

Funding for that plan fell through, and in October of last year Sobrato approached the city with his idea.

Per Bloomberg, Sobrato asked for a 57-year lease at the cost of $1 a year. In return, his group, the Sobrato Organization, would build and own the apartments, then lease them back to Santa Clara County, which would hire property management and homeless service providers.

BillionaireSeesShippingContainersasHomelessSolutioncreditGoogleThePetitionSite-postedtothedailybusinessnewsmhpronewsmhlivingnews

The proposed area for development. Credits: Google, The Petition Site.

The project, called Innovation Place, would be projected to open in 2018, with half of the apartments being rented to the homeless, and the other half being made available to renters earning between 50 and 80 percent of the area’s median income.

 

NIMBY?

While many see Sobrato’s idea as noble, there are those that disagree. An anonymous petition began to circulate shortly after Sobrato presented his plan, and has 852 supporters.

While some may disagree, the numbers show that the need for affordable housing is the state is dire: 17 ballot measures were on the ballot last November dealing with affordable housing.

The Daily Business News has covered a number of potential NIMBY (Not-In-My-Back-Yard) stories recently, where current residents appear to be working to keep manufactured homes or other affordable housing options for communities out.

Most notable is the case in Aiken, South Carolinawhere Councilman Danny Feagin was quoted as saying “As long as it keeps the mobile home parks [sic] out, I think the folks would be satisfied,” in relation to a proposed rezoning ordinance.

For more on shipping containers being used to solve the growing affordable housing crisis around the world, click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

David Einhorn – Is American Business as big a gamble as Poker?

January 8th, 2015 Comments off

David-Einhorn-Bloomberg-Getty-Images=credit-posted-daily-business-news-mhpronews-com-Hedge fund mogul David Einhorn thinks there are similarities between poker, business and ‘gambling’ on the stock market. Although Einhorn plays poker just a few times each year, and usually for charity, he’s had success at the game. In the 2006 World Series of Poker, he placed 18th, winning $660,000. He took third place in another elite $1 million entry tournament, winning $4.4 million.

However, CNN Money  tells MHProNews  that Einhorn, a billionaire, says poker is for fun, and investing is the tougher sport.

Einhorn said he approaches both poker and investing as if he’s solving a puzzle, something manufactured housing professionals might feel some strong kinship to in recent years.

In both poker and investing, there are things you know: The cards in your hand, a company’s financial statements.

Then there are the things you can have a hypothesis about. In poker: What is my opponent thinking? How does he play? In business: What is the agenda of the management of the company? What is the psychology of the other people who own the stock?

You can develop a strategy based on what you know and what you suspect,” he said.

And finally, there is a range of possible outcomes. What cards will come? What’s going to happen in the world? What’s going to happen in the markets? He says to put those ideas together, and you can “solve the puzzle.”

There are some big differences however. “With poker, you have a resolution of the hand within a couple of minutes,” Einhorn said. “Whereas, even if the thought process in investing is very much the same, you’re looking at an outcome that could be 2, 3, 4, 5 years from when you make the original decision. And the mindset related to that is very different.”

In any case, Einhorn’s humble about his poker abilities. Describing one big tournament: “I think I got taken advantage of two or three times, but over three days, that’s not so bad. However, I probably got taken advantage of a few more times that I don’t even realize.”

The 46-year-old Einhorn, an American hedge fund manager, is the founder and president of Greenlight Capital, which he started in 1996 with $900,000. Greenlight has generated about a 20 percent annualized return for investors. Sounds like his hedge fund is a safer bet than Vegas? ##

(Photo Credit: Bloomberg/Getty Images)

sandra-lane-daily-business-news-mhpronews-com-75x75-Article submitted by Sandra Lane to – Daily Business News – MHProNews. 

Sam Zell: Multifamily Yea, Single-family Nay

October 30th, 2013 Comments off

Billionaire real estate investor Sam Zell says the trend to defer marriage to later in life has been lucrative for apartments and condos across the nation, saying that has been the most significant reason for the strength of the current multifamily real estate market. While he also noted the hospitality market is strong as tourists continue to seek destinations, he was not enthralled with buying foreclosed single-family homes at distressed prices and then renting or selling them. According to wsj.com, Zell was not certain this strategy would be a good long-term business model. As MHProNews knows, Zell is Chairman of Equity LifeStyle Properties, the largest owner of manufactured housing and recreational vehicle communities in North America with some 380 properties.

(Photo credit: Tim Boyle/bloombergbusinessweek–multifamily home under construction)

Warren Warns, Obamacare Must Go

September 19th, 2013 Comments off

Oracle of Ohama Warren Buffett says Obamacare should be eliminated because the average citizen will suffer the most without changes to the plan. He adds health care costs need to be controlled before providing health insurance to everyone, otherwise continuing as we are will lead to less competition. As newsbusters.org notes, the billionaire investor was an early supporter of Obama, but compares health care costs to a tapeworm eating our “economic body.” MHProNews knows Buffett is Chairman of the Board of Berkshire Hathaway, parent company to Clayton Homes, the U.S.’s largest producer of manufactured and modular homes, as well as Vanderbilt Mortgage and Finance and 21st Mortgage Corp., both lenders to consumers of factory-built homes.

(Photo credit: businessinsider.com-Warren Buffett)

Zell Reduces Investment in Commercial Real Estate

September 12th, 2013 Comments off

One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the 1990’s. According to the worldpropertychannel.com, billionaire Zell told The Wall Street Journal, “We’re dealing with a world that’s dramatically more volatile, and that requires more caution and care than before. I’m not singing ‘Kumbaya’ like other people.” Following the market collapse in 2008, he shifted his interest to natural gas, international real estate investments in emerging markets including Columbia and India, and a distressed-debt fund. As MHProNews knows, Zell is Chairman of the Board of Equity LifeStyle Properties, Inc., (NYSE:ELS) the largest owner of manufactured housing communities in North America with 380 properties comprised of over 140,000 homesites.

(Photo credit: Equity LifeStyle Properties, Inc.–Lake Haven, Clearwater, Fla.)

Warren Buffett Contributes Billions to Charity

July 9th, 2013 Comments off

Billionaire investor Warren Buffett, as part of his pledge to annually donate to five foundations, donated 17,458,431 of class B shares of Berkshire Hathaway (NYSE:BRKB), worth $2 billion, to the Bill and Melinda Gates Foundation. He donated $200 million of the same stock to the Susan Thompson Buffett Foundation, in honor of his late wife. Additionally, he gave 1,222,085 shares, worth $140 million, to each of three foundations: Howard G. Buffett, named for his son, as well as the NoVo and Sherwood foundations. CNNMoney reports the Gates Foundation has set its sights on alleviating global poverty, with a particular focus on eradicating malaria. BRKB closed today at $115.16 per share. As MHProNews knows, Berkshire Hathaway is the parent company of Clayton Homes, the largest North American producer of manufactured housing.

(Photo credit: Yoshikazu Tsuno/AFP Getty Images–Warren Buffett)

Sam Zell on the Housing Market: It’s Going to be a While

February 14th, 2013 Comments off

In his take on the housing market, Benzinga reports billionaire real estate tycoon Sam Zell says there are 3-4 million houses in the market not for sale, not foreclosed on, and possibly unoccupied that need to be dealt with in order to have a strong housing market. Noting our society has changed, he says an improving single-family home market does not necessarily mean the rental market is declining. While Zell continues to see apartments as a lucrative market, he thinks it will be 3-4 more years before the dust has been swept away from the housing market as a whole. MHProNews understands Zell’s Equity LifeStyle Properties is the largest owner of manufactured housing and recreational vehicle communities in North America with some 380 communities.

(Photo credit: The Wall Street Journal–Sam Zell)

Buffett: Wealthy Leaving Middle Class in the Dust

November 27th, 2012 2 comments

In a New York Times op-ed piece, billionaire investor Warren Buffett says its ridiculous to think higher capital gains taxes will prevent the super wealthy from investing their money. He notes in the 1950s when the capital gains rate rose from 25 to 27.5 percent no one complained of not being able to find investment opportunities. He contends complaints from the super wealthy about paying taxes is especially absurd since the Forbes 400 wealthiest Americans made $1.7 trillion this year compared to $300 billion 20 years ago. Noting the 400 highest incomes paid a tax rate of 26.4 percent in 1992, he says that percentage fell to 19.4 percent in 2009, and nearly 25 percent of them paid less than 15 percent. A few paid nothing. In addition to eliminating the Bush-era tax cuts on the wealthy, and raising the cut-off for the minimum tax from the $250,000 that President Obama proposes to $500,000, Buffett suggests a 30 percent tax on incomes from $1 to $10 million, and 35 percent on anything above that. He states the government needs to achieve a better balance in its revenues and expenses, and needs more tax reform. As MHProNews has learned, the bottom line is the super rich will continue to invest regardless of higher taxes. Buffett’s Berkshire Hathaway owns Clayton Homes, the largest producer of manufactured housing in North America.

(Photo credit: Business Insider)

Zell Taps ELS CEO to Lead Global Firm

October 8th, 2012 Comments off

The Wall Street Journal reports billionaire investor Sam Zell is expected to choose Thomas Heneghan, now CEO of Equity LifeStyle Properties, Inc. (ELS), to replace Gary Garrabrandt as head of Equity International, Zell’s global real estate investment arm. Investors in Equity International (EI) must approve Zell’s choice, but could also make other changes to the most recent fund, or even close it. As MHProNews reported Sept. 13, 2012, Zell took the reins of EI following the sudden departure of Garrabrandt (with whom he started the initiative) and chief strategic officer Thomas McDonald. ELS has controlling interest in 380 MHC and RV communities comprised of over 141,000 home sites.

(Photo credit: Equity Lifestyle Properties, Inc.—Lake Haven, Clearwater, Fla.)