“Gravity,” the Warner Bros. space thriller starring Sandra Bullock, collected $43.2 million to repeat as the top movie in U.S. and Canadian theaters this past weekend, following its record debut for an October film.
David Ellison learned a simple lesson from legendary mutual-fund manager Peter Lynch as a young bank analyst at Fidelity Investments in the 1980s: If things at a company are getting better, you want to own its stock.
Bruce Berkowitz waited until financial-services stocks had more than doubled from their March 2009 lows before buying stakes now valued at more than $3 billion. The manager of the $16.5 billion Fairholme Fund said his bet wasn’t placed too late.
Chuck Akre beat 99 percent of peers over more than a decade picking stocks based on price and ignoring much of what happened in the economy and government. He changed his approach after his fund declined 34 percent in 2008.
Sequoia Fund Inc., recommended by Warren Buffett when it opened, beat the U.S. stock market over the past four decades, in part because a large piece of the fund was invested in his company, Berkshire Hathaway Inc.
Dennis Bryan, whose FPA Capital Fund beat 99 percent of peers over the past quarter century, is betting oil stocks will keep him ahead of the competition as growing energy demand rewards investors who are prepared to sit out some of the biggest price swings of any industry.
Howard Buffett, a Republican congressman from Nebraska and the future billionaire’s father, once gave back a $2,000 annual pay raise because, he insisted, he had been elected at the lower salary and it would be wrong to take the money. Perhaps that was a forerunner of his famous son, who is publicly advocating higher taxes on the wealthy, including, potentially, on himself.