How to invest like Bill Gates and Warren Buffett
Cascade Investment LLC, the Kirkland, Wash.-based entity that oversees Gates's investment portfolio, is quiet about its investment moves.
Grupo Televisa, in turn, moves Gates into one of the world's fastest-growing emerging markets and a company with interests in cable television, satellite service and publishing. Televisa's stock is up 29% in the past 12 months
PNM Resources is a small-capitalization holding that follows Buffett's lead into utilities, an industry much like insurance, where easing regulatory constraints are creating investment opportunities
Berkshire, of course, is the temple of the Oracle of Omaha himself, a path to investing directly alongside Buffett -- and now, the Gates Foundation.
But Securities and Exchange Commission filings paint a picture of a value-conscious stock portfolio that Buffett would not only bless, but probably has influenced too.
The stocks in the Cascade portfolio have attracted attention from other well-regarded investment managers
As of June 30, the most recent filing date available, the stock portion of Cascade's portfolio was worth about $3.4 billion, with about $1.4 billion of that in shares of Canadian National Railway Co. (CNI : canadian natl ry co com Last: 47.87 at 4:01pm 11/10/2006
The stock has been a top performer, up 30% in the past 12 months, reflecting the global trade boom and rail's low costs relative to trucking and other transport options.
"Buffett's wisdom is in his temperament. Great investors take emotion out of the equation. Doing your homework, waiting for the right price, really works."
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