Connect with us

Hi, what are you looking for?

Jewish Business News

empty

Warren Buffett invests Personal $5 million in Israel bonds

In a gathering in Omaha guests all made at least a $1 million investment in Israel bond sales. Total investments directly totaled $60 million. Famed “oracle of Omaha” said: Investing in Israel Bonds is “A Terrific Tribute to the Country”

Warren Buffett/ credit Stacie Kinney  source-israel-bond

 Berkshire Hathaway Chairman and CEO Warren Buffett welcomed 43 U.S. Israel bond investors to Omaha on Sunday, each of whom made a minimum $1 million new investment to participate in an exclusive evening with the famed “oracle of Omaha.”

The evening opened with a tribute video from Israeli Prime Minister Benjamin Netanyahu, who said, “Warren is one of the most brilliant and successful investors of our time. He knows a good investment when he sees it. That’s why he invests in Israel.”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Buffett, who made Israeli company Iscar his first overseas acquisition, spoke warmly of the Jewish state, calling it “a remarkable country.” He stressed that “The United States and Israel have a common destiny, ” saying, “If you are looking for brains, energy and dynamism in the Middle East, Israel is the only place you need to go.”

 

warrenbuffett4credit-stacie-kinney-source-israel-bond

 

Buffett also spoke positively of investing in Israel bonds, calling the investments “a terrific tribute to the country.” He said he would invest $5 million in Israel bonds in his personal portfolio if participants at the event matched his investment. In doing so, Buffett stated, “I wanted – through the last-minute challenge – to set the bar even higher for future events.”

He added, “You can tell prospective investors that I would have taken a perpetual bond if you had offered one. I believe Israel is going to be around forever.”

As a result, Israel bond sales directly attributable to the event totaled $60 million. In addition to Buffett’s $5 million investment, Berkshire Hathaway’s portfolio has included Israel bonds since its acquisition of GUARD Insurance in 2012, now known as Berkshire Hathaway GUARD Insurance Companies.

In expressing appreciation to Buffett, new Israel Bonds President & CEO Israel Maimon said, “This event tells me that Warren Buffett, famed for his investment expertise, continues to view Israel as a sure bet.”

The evening was hosted by Henry Davis, president & CEO of Greater Omaha Packing Co., Inc.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.