Warren Buffett may be getting old, but his quotes will live on forever.
The Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) chairman is well known for his keen and quotable prose. Though the great investor has never written a book, his lengthy letters to shareholders (the 2012 letter fills 24 pages) have been compiled into more than one. Popular Buffett quotes are found easily with a simple Google search, but for the Buffett enthusiasts looking for some new material, here are nine rarely heard -- but still noteworthy -- quotes.
1. An undying love for "float"
If our premiums exceed the total of our expenses and eventual losses, we register an underwriting profit that adds to the investment income our float produces. When such a profit is earned, we enjoy the use of free money ��and, better yet, get paid for holding it. That's like your taking out a loan and having the bank pay you interest. (2012 Berkshire Hathaway Annual Report)
Top 10 Warren Buffett Companies To Own In Right Now: Petrobras Argentina S.A.(PZE)
Petrobras Argentina S.A. operates as an integrated energy company. The company engages in oil and gas exploration and production activities in Argentina, Venezuela, Ecuador, and Bolivia; and provides technical and operating support services in Mexico. It also operates refineries that produce premium gasoline, ultra high octane gasoline, regular gasoline, diesel oil, fuel oil, solvents, aromatics, asphalts, and liquefied propane and butane gases. In addition, the company sells gas produced by the company, as well as imported; produces petrochemical products, such as styrene, polystyrene, and synthetic rubber; provides oil, gas, and LPG brokerage and trading services; engages in transporting gas in southern Argentina, as well as processing and marketing natural gas liquids; and involves in the gas-fired, thermal, and hydro electric power generation, transmission, and distribution. As of December 31, 2010, it has crude oil and natural gas proved reserves of approximately 248. 4 million barrels of oil equivalent. The company also operated 2 refineries in San Lorenzo and Bah� Blanca, as well as a network of approximately 604 gas stations in Argentina and 27 Spacio 1 convenience stores, including 360 points of sale. It has operations in Argentina, Bolivia, Brazil, Ecuador, Mexico, and Venezuela. The company was formerly known as Petrobras Energia S.A. and changed its name to Petrobras Argentina S.A. in July 2010. Petrobras Argentina S.A. was founded in 1946 and is based in Buenos Aires, Argentina. Petrobras Argentina S.A. operates as a subsidiary of Petroleo Brasileiro.
Top 10 Warren Buffett Companies To Own In Right Now: Envestnet Inc(ENV)
Envestnet, Inc. provides technology-enabled, Web-based investment solutions and services to financial advisors. The company?s technology platform provides financial advisors with a series of integrated services, including risk assessment and selection of investment strategies, asset allocation models, research and due diligence, portfolio construction, proposal generation and paperwork preparation, model management and account rebalancing, account monitoring, customized fee billing, overlay services covering asset allocation, tax management and socially responsible investing, and aggregated multi-custodian performance reporting and communication tools, as well as access to a wide range of leading third-party asset custodians. It also offers Web-based access to a range of technology-enabled investment solutions, including separately managed accounts (SMAs), which allow advisors to offer their investor clients a managed portfolio of securities with a personalized tax basis; unified managed accounts (UMAs) that allow the advisor to use various types of investment vehicles in one account; advisor-directed portfolios, where advisors create, implement, and maintain their own investment portfolio models to address specific client needs; mutual funds and portfolios of exchange-traded funds (ETFs); and access to a range of investment managers and investment strategists. The company was founded in 1999 and is headquartered in Chicago, Illinois.
Advisors' Opinion:- [By Harding]
Envestnet, Inc. is a provider of technology-enabled, Web-based investment solutions and services to financial advisors. The company’s integrated technology platform allows financial advisors to provide their clients with investment solutions and services. Its EPS forecast for the current year is 0.42 and next year is 0.69. According to consensus estimates, its topline is expected to grow 65.45% current year and 21.21% next year. It is trading at a forward P/E of 19.16. Out of six analysts covering the company, five are positive and have buy recommendations and one has a hold rating.
10 Best Low Price Stocks To Own Right Now: Citizens South Banking Corporation(CSBC)
Citizens South Banking Corporation operates as the holding company for Citizens South Bank that provides various commercial banking services to local customers in the United States. The company offers a range of retail products, commercial banking services, and mortgage lending services. It provides retail deposit products, such as checking, savings, negotiable order of withdrawal, and money market accounts, as well as time deposits and individual retirement accounts. The company also offers commercial analysis deposit accounts, business checking accounts, and repurchase agreements for business customers. In addition, it provides various consumer and commercial loans, including business, real estate, residential, and consumer loans. Further, the company offers consumer and business credit cards, debit cards, commercial letters of credit, and safe deposit box rentals, as well as electronic funds transfer services, including automated clearing house and wire transfers. Addit ionally, it provides online banking, remote deposit capture, cash management, bank-by-phone capabilities, and ATM services. The company also acts as a broker in the sale of uninsured financial products. As of March 31, 2011, it operated through 21 branch offices located in North Carolina, South Carolina, and Georgia. The company was founded in 1904 and is headquartered in Gastonia, North Carolina.
Top 10 Warren Buffett Companies To Own In Right Now: Straco Corporation Limited (S85.SI)
Straco Corporation Limited, together with its subsidiaries, engages in the development and operation of tourism-related facilities in the People�s Republic of China. The company develops and operates cable car facilities, aquatic related facilities, dolphin and sea lion performance aquariums, and a restaurant, as well as engages in the supplementary retail of souvenir; provides management and consulting services, and project management services; and is involved in the production and management of shows, as well as provides creative and artistic content. In addition, it engages in investment holding, leisure, travel, and tour businesses. The company was incorporated in 2002 and is based in Singapore.
Top 10 Warren Buffett Companies To Own In Right Now: Cazador Acquisition Corporation Ltd.(CAZA)
Cazador Acquisition Corporation Ltd., a development stage company, intends to effect a merger, share capital exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating businesses or assets. It would focus on a business combination in developing countries in central and eastern Europe, Latin America, and Asia. The company was founded in April 2010 and is based in Grand Cayman, Cayman Islands. Cazador Acquisition Corporation Ltd. is a subsidiary of Cazador Sub Holdings Ltd.
Top 10 Warren Buffett Companies To Own In Right Now: Pacific Wildcat Resources Corp (PAW.V)
Pacific Wildcat Resources Corp., an exploration stage company, engages in the acquisition and development of rare earth, tantalum, and niobium mineral properties in Africa. It primarily focuses on the resource definition of the Mrima Hill rare earth and niobium project in Kenya. The company also owns and operates the Muiane tantalum mine in Mozambique. Pacific Wildcat Resources Corp. is headquartered in Vancouver, Canada.
Top 10 Warren Buffett Companies To Own In Right Now: COMS PLC ORD GBP0.001(COMS.L)
Coms plc engages in the development and commercialization of Internet telephony services, and supply and distribution of associated equipment to small and medium sized businesses in the United Kingdom. The company?s Internet telephony enables telephone calls to be transmitted as data over the Internet. It offers hosted VoIP, voice optimized broadband for business, PSTN CPS business telephone, audio and video conferencing, inbound numbers, number porting, and enterprise VoIP services. The company?s Internet telephony services related equipment comprises Internet telephony handsets, VOIP gateways, video phones, and integration consulting and SIP trunks. Coms plc was founded in 2000 and is based in London, the United Kingdom.
Top 10 Warren Buffett Companies To Own In Right Now: Bioquell(BQE.L)
Bioquell PLC engages in the design, manufacture, and supply of bio-decontamination equipment and services for the life sciences, healthcare, and defense sectors in the United Kingdom and internationally. The company operates in two divisions, Bio-decontamination and TRaC. The Bio-decontamination division develops, designs, and manufactures specialist surface sterilization and filtration technology used in the life sciences, healthcare, and defense sectors. It also offers room bio-decontamination services; chemical, biological, radiological, and nuclear filtration equipment; and Microflow and Astec laboratory filtration and containment equipment. The TRaC division provides specialist testing services, including environmental testing, telecoms testing, radio testing, EMC testing, safety testing, and CE mark testing, as well as finite element analysis and seismic testing services. It also provides regulatory and compliance services to companies and organizations. The company is based in Andover, the United Kingdom.
Top 10 Warren Buffett Companies To Own In Right Now: Solera Holdings Inc.(SLH)
Solera Holdings, Inc., together with its subsidiaries, provides software and services to the automobile insurance claims processing industry. The company offers estimating and workflow software to manage the overall claims process, estimate the cost to repair a damaged vehicle, and calculate the pre-collision fair market value of a vehicle; and salvage, salvage disposition, and recycling software that manages inventories in order to facilitate the location, sale, and exchange of vehicle parts for use in the repair of a damaged vehicle. It also provides business intelligence and consulting services that enable insurance companies to monitor and assess their performance through customized data, reports, and analyses; and leases hardware products for use with its software, training, and call center technical support services. In addition, the company offers various services that allow its customers to access operational and technical support in times of high demand following natural disasters; and used vehicle validation, fraud detection software and services, and disposition of salvage vehicles. Further, it provides products and services for accessing information on the United Kingdom registered vehicles to private car buyers, car dealers, finance houses, and the insurance industry; data analytics to insurance companies and brokers in the Netherlands; and an electronic exchange for the purchase and sale of vehicle replacement parts in Brazil and Mexico. The company primarily serves insurance companies, collision repair facilities, independent assessors, and automotive recyclers in North America, Central and South America, Europe, the Middle East, Africa, Asia, Australia, and the Netherlands. Solera Holdings, Inc. was founded in 1966 and is headquartered in Westlake, Texas.
Top 10 Warren Buffett Companies To Own In Right Now: W.P. Carey & Co. LLC(WPC)
W. P. Carey & Co. LLC, together with its subsidiaries, provides long-term sale-leaseback and build-to-suit transactions for companies worldwide and manages a global investment portfolio. It invests primarily in commercial properties that are each triple-net leased to single corporate tenants, which requires each tenant to pay substantially all of the costs associated with operating and maintaining the property. The company also operates as an advisor to publicly owned, non-actively traded real estate investment trusts, which are sponsored by it under the Corporate Property Associates brand name, as well as invests in similar properties. As of March 31, 2010, its portfolio comprised full or partial ownership interest in 167 properties that totaled approximately 14 million square feet. W. P. Carey & Co. LLC was founded in 1973 and is based in New York, New York.
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