Lou Simpson

What does Warren Buffett think of Wells Fargo (NYSE: WFC)? Why did he pull out of Bank of America (NYSE: BAC)? Is Apple (NASDAQ: AAPL) in trouble? Buffett answered these questions and much, much more during his three-hour interview with CNBC this morning. Addressing The Wells Fargo Controversy...

Why were the managers of Berkshire Hathaway Inc. (NYSE: BRK-A) allowed to liquidate Lou Simpson's portfolio when he retired? “I buy stocks with the idea I'd be happy with holding them forever,” Buffett told CNBC this morning. “But Lou Simpson was managing his own portfolio; he managed it for 21...

According to a recent report from Business Insider, we have seen five hedge fund managers retire from investing. Paul Tudor Jones is the latest to announce his retirement from Tudor Investment. He is "giving serious thought" to setting up another macro fund, reportedly, in order to prepare...