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Warren Buffett's company said Monday it plans to spend about $9 billion cash to add specialty chemical maker Lubrizol Corp. to the eclectic mix of businesses inside Berkshire Hathaway Inc.

Warren Buffett says Berkshire Hathaway is the "dumbest" stock he ever bought.

He calls his 1964 decision to buy the textile company a $200 billion dollar blunder, sparked by a spiteful urge to retaliate against the CEO who tried to "chisel" Buffett out of an eighth of a point on a tender deal.

Answer 16379

Posted by YoungWarren on December 7th, 2009

No. If you try to sell more shares than people are willing to buy or if your price is unreasonable, it may take a long time for them to sell, if at all. However, if you use market orders on medium or high volume stocks you should not have any problems selling them immediately.

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WASHINGTON (Reuters) — Legendary investor Warren Buffett said in an interview aired Thursday that unemployment could hit 11% and a second stimulus package might be needed as the economy struggles to recover from recession.

Value-oriented fund managers, Bruce Berkowitz and Susan Byrne talked to the Morningstar Investing Conference about what stock deals they're buying now -- and what to avoid. Berkowitz's Fairholme fund (symbol FAIRX) has lost 6.47% year-to-date through June 26, beating Standard & Poor's 500-stock index by nearly five percentage points.

The end to the credit crunch is still not in sight, European Central Bank President, Jean-Claude Trichet and Warren Buffett warned on Monday.

"These are demanding times, challenging times... It is an ongoing, very significant market correction," Trichet told BBC radio in Britain.

Candy maker Mars Inc. is buying Wm. Wrigley Jr. Co., the confectioner behind Juicy Fruit and Doublemint gum and Life Savers candy, for about $23 billion in cash, the companies announced Monday.

The agreement has the potential to transform the globe's confectionery industry and could spawn a series of other combinations.

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