As the opening quote to this post highlights: expected value matters more than simple probability. The probability of something going wrong ....

The latest Berkshire Hathaway 13F was just filed. It appears Warren Buffett increased his position in IngersollRand, SanofiAventis and added a new position in NRG Energy. It also appears the holdings in AnheuserBusch were reduced.

James Altucher makes some interesting guesses at which stocks Buffett might buy next. The picks are based on some pretty good analysis and insight into Buffett's relationship with the potential picks.

Book Announcement: "The Four Filters Invention of Warren Buffett and Charlie Munger. Two Friends Transformed Behavioral Finance." by Bud Labitan

http://www.lulu.com/content/3215722

ISBN 978-0-6152-4129-6 Behavioral Finance
Paperback book $32.95 Printed: 148 pages, 6" x 9", perfect binding.

Geoff Gannon reviews Don Keough's new book: "The Ten Commandments for Business Failure". "It’s a business book – and a damn good one. The lessons within provide insights into businesses both good and bad and therefore they are as useful to the investor as they are to the executive."

Things have not been great lately for Warren Buffett and Berkshire Hathaway (BRKA) shareholders. BRK stock has dropped more than 20% since December and large Buffett holdings in the financial services area such as American Express, Wells Fargo, Moody's, and U.S. Bancorp are hurting his equity portfolio.

This short post by Todd Sullivan includes a video of Warren Buffett and Bill Gates being interviewed on Fox Business. The topic is missed acquisition opportunities.

Buffett talks about inflation, his charity lunch, and how he is a "spectator" only in the InBev Anheuser Busch takeover talks. The article includes a video of the interview.

Mohnish Pabrai discusses his upcoming lunch with Warren Buffett, rates, fuel costs, India, and more.

LARRY COATS of OAK VALUE FUND and DOUG KASS of SEABREEZE PARTNERS examine whether to invest in BRK or not

Read why Buffett bets the S & P 500 will outperform a portfolio of funds of hedge funds over a ten year period. One million dollars is at stake!

Notes from one of the lucky few that got to as a question at the 2008 Berkshire Hathaway shareholders meeting. It's a real shame this blogger wasted his question on something Buffett is already answered before.

The celebrated investor wagers a tidy sum that even carefully chosen hedge funds won't return more than the market over time.

Warren Buffet is one of the best investors of our time. He has been investing other people’s money through partnerships and Berkshire Hathaway since the late 1950’s. His results have been truly phenomenal.

With billions and an impressive investing record, there’s a reason Warren Buffett is one of the most sought after individuals to interview. I mean, where else can you find a humble billionaire with a great personality, who unless has something really important to do, will not decline.