Buffett, solar energy and noise

IP — Thu, 08 Dec 2011 22:25:54 +0000

Much noise has been generated by MidAmerican’s purchase of First Solar’s $2 billion Topaz solar energy project. Yes, MidAmerican is Berkshire’s utility/ energy subsidiary and this sizable acquisition has certainly been cleared by Warren Buffett. That does not mean that “Buffett is buying/ betting on solar” as a category or that the industry should be seen as having “turned the proverbial corner” on its troubles. It is what it is: Berkshire taking advantage of an opportunity. If there are more like it, the company has the firepower – both financial and intellectual – to execute on them.

Dave Sokol’s air time

IP — Wed, 28 Oct 2009 18:22:09 +0000

Dave Sokol of Bekshire Hathaway’s subsidiary MidAmerican has been taking on additional responsibilities (NetJets), but most tellingly, he’s getting more and more media exposure as well. Looking more and more like the CEO successor to Warren Buffett.

Two very interesting quotes: “History will show that the last 18 months have been Warren Buffett’s most successful.” AND “Berkshire has 240,000 employees and I’d name 2 or 3 DOZEN of them whom I’d work WITH or FOR. There’s some 24-30 guys who could be world-class CEOs.”

Buysiders.com » MidAmerican

Buffett, solar energy and noise

Dave Sokol’s air time