Warren Buffett

Private Equity Firm, Mauloa, Adds Kai Sato as General Partner and West Coast Lead

Retrieved on: 
Wednesday, February 28, 2024
Architecture, Aquaculture, Advisory board, Customer, Marketing, CMO, HuffPost, University, LOS, Climate, FieldLevel, General partnership, American City Business Journals, Warren Buffett, System, Publication

LOS ANGELES, Feb. 28, 2024 /PRNewswire-PRWeb/ -- Kai Sato has joined Mauloa as General Partner, helping lead its West Coast efforts from Los Angeles. Mauloa, which is Hawaiian for "endless," invests in cash flow positive companies but does so without any exit timetable, also preferring to leave existing management in control. Now on its third fund, Mauloa, has backed over 20 companies and deployed over $200M across a range of industries, since its inception in 2007 as Sachs Capital. As reported by the Washington Business Journal, Mauloa's newest fund completed its first close of $36.2M in October of 2023 and subsequently invested in O'Connor Plumbing, a 70-year old company in Maryland that primarily services commercial buildings.

Key Points: 
  • LOS ANGELES, Feb. 28, 2024 /PRNewswire-PRWeb/ -- Kai Sato has joined Mauloa as General Partner, helping lead its West Coast efforts from Los Angeles.
  • "Kai Sato's background as an entrepreneur, CMO, and investor have already added value to our fund and existing portfolio companies, so we're excited that he's joined as a general partner.
  • Being a Southern California native, I am also pleased to now have a presence on the West Coast."
  • Preferably the first and only outside investor in its companies, Mauloa provides funding for owner liquidity, partner buyout, growth equity, acquisitions, refinancing or working capital.

Mogo Expands Relationship with Snowflake to Incorporate AI Applications and Scale Digital Wealth Platform

Retrieved on: 
Wednesday, February 7, 2024
Apps, Applications, Technology, Payments, Finance, Fintech, Professional Services, Software, Data Management, Artificial Intelligence, Cloud, AI, Inc., Retirement, Generation Z, TSX, Warren Buffett, Tag cloud, Artificial intelligence, Snowflake

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced that it has expanded its relationship with Snowflake, the Data Cloud company.

Key Points: 
  • Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced that it has expanded its relationship with Snowflake, the Data Cloud company.
  • Building on a multi-year relationship, Mogo will use Snowflake Data Cloud as the foundation for its Wealth products, greatly increasing the Company’s processing time and efficiency and, over time, allowing for the deployment of new Artificial Intelligence (AI) applications to help everyday consumers invest better, build wealth and achieve financial freedom.
  • “It’s clear that AI will be among the most transformative technologies we have ever seen and the impact it will have in the wealth industry will be significant especially for the next generation of investors,” said David Feller, Mogo’s Founder and CEO.
  • “The expanded use of AI ties to our objective to build the ultimate wealth-building platform for Canadians, which have trillions invested in the traditional wealth management space, yet the vast majority are not close to being on track for retirement because of underperforming, high-fee products.

CSOP Nikkei 225 Index ETF (3153.HK) to List on HKEX Tomorrow

Retrieved on: 
Tuesday, January 30, 2024
Banking, Asset Management, Professional Services, Finance, Multimedia, Attention, CSOP, Nikkei 225, Abenomics, ETP, Tokyo Stock Exchange, ETF, Index, PBR, Nikkei, CPI, Warren Buffett, Berkshire Hathaway, JPY, Security (finance)

CSOP Nikkei 225 Index ETF (3153.HK) will be listed on the Hong Kong Stock Exchange on January 31, 2024, making it the first Nikkei 225 Index ETF in Hong Kong.

Key Points: 
  • CSOP Nikkei 225 Index ETF (3153.HK) will be listed on the Hong Kong Stock Exchange on January 31, 2024, making it the first Nikkei 225 Index ETF in Hong Kong.
  • View the full release here: https://www.businesswire.com/news/home/20240130677020/en/
    CSOP Nikkei 225 Index ETF (3153.HK) (Graphic: Business Wire)
    Nikkei 225 Index rose by 30% in 2023, making Japan the highest returning stock market among major global markets1.
  • CSOP Nikkei 225 Index ETF is the first ETF in Hong Kong tracking Nikkei 225 Index.
  • Ms. Ding Chen, CEO of CSOP, is pleased to announce that the CSOP Nikkei 225 Index ETF will be listed on the Hong Kong Stock Exchange tomorrow.

NetJets' sterling safety record at risk as Fractional threatens litigation against its Pilot Union

Retrieved on: 
Friday, January 26, 2024
Aircraft, Aviation, Berkshire Hathaway, Partnership, Fatigue, Documentation, NetJets, Warren Buffett, History, Behavior, Fraction, Travel, Safety, COVID-19, Letter, Marketing, Union, Atmosphere, Airline

COLUMBUS, Ohio, Jan. 26, 2024 /PRNewswire/ -- NetJets Aviation, Inc., a subsidiary of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A), recently alleged that by documenting maintenance issues on NetJets aircraft, its pilots were deliberately engaging in a work slowdown. The company also accused its pilots, in a letter to the NetJets Association of Shared Aircraft Pilots (NJASAP) on Jan. 15, of purposely calling in fatigued more frequently as part of the alleged slowdown. NJASAP is the union that represents the 3,200-plus pilots who fly in the service of NetJets.

Key Points: 
  • NJASAP is the union that represents the 3,200-plus pilots who fly in the service of NetJets.
  • When pilots are afraid to document maintenance issues, air travel becomes less safe.
  • "In the event of the unthinkable, pilot decision making and fitness for duty will be matters of intense scrutiny," Leroux said.
  • As 2024 begins, the blame for those continuing challenges has found a new source: the NetJets pilot group.

NetJets threatens litigation over alleged slowdown

Retrieved on: 
Friday, January 19, 2024
Berkshire Hathaway, Member, Fatigue, Warren Buffett, Behavior, Fraction, Communication, NetJets, Aircraft, Transport, Letter, Union, Airline

COLUMBUS, Ohio, Jan. 19, 2024 /PRNewswire/ -- This week, NJASAP, the independent labor union representing the 3,200-plus pilots who fly for NetJets, received a letter from NetJets counsel alleging, among other things, that the Union had condoned or encouraged pilots to engage in a work slowdown in an attempt to negatively impact the Fractional's operations. A subsidiary of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A), NetJets Aviation Inc. is the premier provider of luxury private air transportation.

Key Points: 
  • A subsidiary of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A), NetJets Aviation Inc. is the premier provider of luxury private air transportation.
  • NJASAP adamantly denies NetJets's allegation that pilots are engaged in an unlawful slowdown.
  • Specifically, NetJets has alleged pilots were "spiking" fatigue rates, increasing the frequency of documenting maintenance issues on aircraft and refusing to voluntarily extend their duty days.
  • The company issued this demand while, once again, failing to identify a single pilot who engaged in any of the alleged conduct.

LPL Financial Launches a Financial Literacy Program Based on the Lessons of Warren Buffett

Retrieved on: 
Tuesday, January 16, 2024
Student, WBRG, SAN, School, LPL Financial, Curriculum, LPL, Warren Buffett, Harvard Business School, Teaching

It was designed to equip the younger generation with a solid understanding of business concepts and provide a foundation of investment principles.

Key Points: 
  • It was designed to equip the younger generation with a solid understanding of business concepts and provide a foundation of investment principles.
  • “Many young people move away from home and enter the world unprepared to manage their finances,” said Rob Pettman, Executive Vice President, Wealth Management Solutions at LPL Financial.
  • “Partnering together on this project seemed like the perfect opportunity to live out our mission of helping high school students become, in the words of Warren Buffett, 'learning machines.'"
  • By licensing the rights to this program, LPL Financial is offering advisors a unique way to interact with current clients and their children, while building the financial confidence of a new generation of investors.

WealthVest Launches Newest Whitepaper on Warren Buffett's Investing Principles

Retrieved on: 
Thursday, September 21, 2023
Berkshire Hathaway, Tax, Warren Buffett, Retirement, Cryptocurrency, Insurance

BOZEMAN, Mont., Sept. 21, 2023 /PRNewswire-PRWeb/ -- WealthVest has recently published its newest whitepaper Rethinking Retirement: Buffett's Rules of Investing. This whitepaper covers many of Warren Buffett's investing rules that he has formulated in both his renowned letters to shareholders, as well as interviews. These include: don't lose, practice humility, manage risk effectively, grow wealth tax efficiently, live generously and think for yourself.

Key Points: 
  • BOZEMAN, Mont., Sept. 21, 2023 /PRNewswire-PRWeb/ -- WealthVest has recently published its newest whitepaper Rethinking Retirement: Buffett's Rules of Investing.
  • This whitepaper covers many of Warren Buffett's investing rules that he has formulated in both his renowned letters to shareholders, as well as interviews.
  • WealthVest has recently published its newest whitepaper Rethinking Retirement: Buffett's Rules of Investing.
  • This whitepaper covers many of Warren Buffett's investing rules that he has formulated in both his renowned letters to shareholders, as well as interviews.

THE WEALTHKARE INVESTMENT CENTER'S PRESIDENT AND FOUNDER BRUCE J. SMITH III ANNOUNCES RELEASE OF EXCLUSIVE BestFIT Retirement™ PROGRAM TO ENHANCE LIFETIME BENEFITS FOR RETIREMENT WEALTH PORTFOLIOS

Retrieved on: 
Thursday, June 8, 2023
United States Navy, Face, Survival, Tax, Wall Street, Multimedia, Risk, Amazon, Retirement, Warren Buffett, Paper, Longevity, Family, Television, Life insurance

Following the wisdom of Warren Buffet, Bruce Smith, President of WealthKare, offers clients exclusive retirement tax and risk reduction strategies.

Key Points: 
  • Following the wisdom of Warren Buffet, Bruce Smith, President of WealthKare, offers clients exclusive retirement tax and risk reduction strategies.
  • Today, Bruce shares his unique approach to optimizing retirement finances on a variety of long-running radio, television, and web-based media programs.
  • This comprehensive process is illuminated in Bruce's 2019 Amazon #1 Best Selling book, Create Wealth Retain Wealth™.
  • Bruce founded WealthKare in 1997 to offer alternatives to the cookie cutter, one size fits all, product driven retirement solutions that Wall Street favors.

ASI Orlando Enjoys 50% Growth At First Promo Products Show Of 2023

Retrieved on: 
Tuesday, January 10, 2023
ASI, Orange County Convention Center, New York Yankees, Life, MLB, Golf, Baseball, Warren Buffett, Nightclub, Financial adviser

ORLANDO, Fla., Jan. 10, 2023 /PRNewswire/ -- The highly successful ASI Show Orlando brought together 4,500 suppliers and distributors on a bustling show floor jammed with more than 700 booths showcasing 2023's top, in-stock promotional products. Distributor attendance was up by 50% over ASI's 2022 Orlando show.

Key Points: 
  • ASI Orlando took place January 4-6 at the Orange County Convention Center.
  • Promo products are logoed items companies typically give away to thank clients and employees or to advertise major initiatives.
  • Orlando keynote speaker Alex "A-Rod" Rodriguez, an MLB champion turned business mogul, charmed and inspired 400 entrepreneurs during his onstage Q&A with Andrews.
  • "It's been great being back here in Orlando, and to see a crowded exhibit floor again," said supplier Louis Strecker, of Liqui-Mark.

Senior securities and corporate governance advisers join Mayer Brown

Retrieved on: 
Tuesday, January 3, 2023
Warren Buffett, Corporate finance, Select Essays in Anglo-American Legal History, Essay, Quality, Partnership, Lawyer, Knowledge, III, Law, Sarbanes–Oxley Act, Book, George Washington University School of Business, Mayer Brown, Research, Private investigator

Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the "Mayer Brown Practices") and non-legal service providers, which provide consultancy services (the "Mayer Brown Consultancies").

Key Points: 
  • Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) (collectively the "Mayer Brown Practices") and non-legal service providers, which provide consultancy services (the "Mayer Brown Consultancies").
  • The Mayer Brown Practices and Mayer Brown Consultancies are established in various jurisdictions and may be a legal person or a partnership.
  • Details of the individual Mayer Brown Practices and Mayer Brown Consultancies can be found in the Legal Notices section of our website.
  • "Mayer Brown" and the Mayer Brown logo are the trademarks of Mayer Brown.