Alice Schroeder

Alice Schroeder News

  • What’s Better Than Kindle Unlimited for $120 a Year? This Free Alternative

  • Weschler Rise From Grace Leads to Role Advising Buffett

    Ted Weschler’s first job after college was at chemical maker W.R. Grace & Co. In 2007, six years after the company filed for bankruptcy, his hedge fund held 15 percent of the shares. That’s when he called Joe Rice.

  • Buffett Misses Chance to Show Moral Courage: Alice Schroeder

    What were they thinking? How could Warren Buffett excuse David Sokol ’s trading in Lubrizol Corp. stock while Sokol was pitching the company to Berkshire Hathaway Inc. as an acquisition candidate?

  • Days of Easy Money Are Over for Fund Managers: Alice Schroeder

    As a profit-making endeavor, managing other people’s money is hard to beat. The business requires very little invested capital. There are no worries about getting paid in full when the bill comes due, since fund managers control their customers’ money. And lackluster performance is no bar to hefty profits because fees, based on the dollar value of assets under management, are paid even when returns are abysmal.

  • BP’s Corner-Cutting Extends to Its Finances: Alice Schroeder

    Once perceived as a fortress built on low leverage and strong cash flows, BP Plc seems to have managed its balance sheet much the way it ran exploration projects -- dangerously. Projections the company is feeding investors about how much cash it will have to pay claims are finally getting the skepticism they deserve.

  • Buffett Disciples Want ‘Oracle’ to Come Clean: Alice Schroeder

    Last month, the news broke that David Sokol , who was Warren Buffett ’s presumed heir apparent at Berkshire Hathaway Inc., made $3 million from Lubrizol Corp. stock purchases while he was pushing Buffett to buy the company.

  • Morgan Stanley Is Too Cheap for Me to Sell: Alice Schroeder

    I don’t work for Morgan Stanley anymore, but I do own its stock, and since 2010 have been able to sell now that it’s unrestricted. Too bad the shares trade at less than half the price at which I acquired most of them, meaning I face the question of whether to cut my losses or hope the firm gets its act together.

  • Buffett Message Is ‘Do as I Say, Not as I Do’: Alice Schroeder

    The last few years have been a struggle for investors in Berkshire Hathaway Inc. Since the March 2009 market low, the Standard & Poor’s 500 Index has risen 80 percent compared with 44 percent for Berkshire, even though crashing stock prices and unprecedented volatility perfectly suited Warren Buffett’s investing style.

  • BP Can Make It Up to U.S. With Future Profits: Alice Schroeder

    How much should BP Plc pay in damages for the Deepwater Horizon catastrophe? The Gulf of Mexico could be as emulsified as vinaigrette by the end of summer. One model shows oil may have migrated up the East Coast by then. No one really knows how bad it will be, only that it keeps getting worse.

  • Happy Contingent Labor Day, Temp Workforce: Alice Schroeder

    Where are the jobs? Of all the questions coming out of the financial crisis, this is the big one. In August, the U.S. economy added no new jobs for the first time in 11 months.

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