Exco Resources Nears Deal to Stave Off Bankruptcy
Top managers were finding new places to put money to work and adding to existing high-conviction ideas in the first quarter.
Top managers continue to find opportunities for new-money purchases (albeit fewer than in past periods), while taking full advantage of a rising stock market to book some gains.
Top managers continue to find new opportunities, while taking full advantage of a rising stock market to book some gains.
Recent weakness has increased buying opportunities in the Canadian stock market.
The ongoing rally in the equity markets continues to limit the buying and selling activity of our top managers.
Plus, news on Longleaf, Fidelity, Rainier, Vanguard, American Century, and more.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.
DIRECTV stands out among Berkshire's fourth-quarter stock purchases; IBM and Wells Fargo are other big buys.