03.08.2012 - Warren Buffett’s wager on U.S. housing market pays off |
Berkshire Hathaway Inc. is benefitting after billionaire Chairman Warren Buffett increased investments tied to the U.S. housing market and sidestepped bets on Europe amid the region’s debt crisis. Berkshire’s Class A shares rose this week to the highest in 16 months. The Omaha, Nebraska-based company, which is expected to report second-quarter earnings tomorrow, is about 3% away from the top closing price since 2008...............................................Full Article: Source |