Gary Kain spent 20 years at Freddie Mac managing as much as $800 billion of bonds before the U.S. took over the company. Since 2009, he’s used his knowledge of the home-loan market to help turn American Capital Agency Corp. into the fastest growing mortgage debt investor.
The Federal Reserve should pay more attention to the harm inflicted on savers by record-low interest rates, said Steven Kandarian, the chairman and chief executive officer of MetLife Inc., the largest U.S. life insurer.
Warren Buffett, who built Berkshire Hathaway Inc. into a $250 billion company with funds from insurance units, said low interest rates create “dim prospects” for the industry that fueled his firm’s growth.
Warren Buffett said executives who held back investments because of doubts about the economy are missing an opportunity as he plans to accelerate capital spending at his Berkshire Hathaway Inc. this year.
Douglas Kass, the investment manager betting against Berkshire Hathaway Inc., accepted billionaire Warren Buffett’s challenge of asking bearish questions about the company at its annual meeting in May.
Warren Buffett once said that shunning dividends in his early years running Berkshire Hathaway Inc. allowed him to refocus the company on better businesses, much as a person would overcome “a misspent youth.”
Federal Reserve efforts to boost liquidity in the banking system haven’t shown proof of helping the economy and are punishing savers, Alleghany Corp. Chief Executive Officer Weston Hicks wrote to shareholders.