Option #11: CoolToys Timber Tower - the original CoolToys 48-piece set for the fans of classics!.Option #10: Rally & Roar Toppling Tower – the loudest “boom” you’ve ever heard.Option #9: Tailgating Pros Giant Wooden Tumbling Timbers is the key to the good mood of the party guests.Option #8: Family Hardwood game – a small game with a big crash.Option #7: Jenga GIANT Family Hardwood Game – the smallest giant.Option #6: Splinter Woodworking Co – a game without carrying bag.Option #5: Seville Classics Tower – a game with the most durable carrying bag.Option #4: Genuine Hardwood Edition – hardwood giant.Option #3: Jenga JS7 Hardwood Game – a game with tournament chart.Option #2: GoSports Tower – a game for the bravest ones.Option #1: Tumbling Timbers – a game for everyone.Since then Abel and other internal candidates, including Ajit Jain, Buffett’s top insurance executive and Matthew Rose of BNSF, have emerged as possible future chief executives.ĭeals like NV Energy allow Berkshire to deploy capital into riskier ventures, such as his rescue investment in Goldman Sachs at the height of the credit crisis in 2008, said Michael Yoshikami, CEO of Destination Wealth Management in Walnut Creek, California.įor his next mega-deal, many on Wall Street suspect Buffett may look to the industrial sector, where valuations are low compared with utilities.īut once utility valuations pull back a bit, Yoshikami said, “he will be all over it. That scandal enveloped Berkshire two years ago. MidAmerican’s former chairman and one-time Buffett heir apparent, David Sokol, resigned after trading stock in a company Berkshire was trying to buy. “It eliminates some of the risk to whoever succeeds him of having too much cash on the balance sheet and not enough good ideas.”īNSF has been investing in the expansion of rail infrastructure in the United States and in new technologies such as powering locomotives with natural gas in a bid to increase profitability.

“What (MidAmerican and railroad Burlington Northern Santa Fe) have done is guaranteed the cash flows get reinvested back into those businesses,” said Morningstar analyst Greggory Warren. Including the NV Energy deal, which is the largest in the global energy and power sector so far this year, MidAmerican makes up only about 10 percent of Berkshire’s pre-tax earnings, dwarfed by the company’s vast insurance holdings. “There is a very good chance that 10 years from now it’s the largest part of Berkshire, easily.” Louis-based Wedgewood Partners, which has about $300 million invested in Berkshire Hathaway stock.

“The energy sector looks to be a pathway for (Buffett) to invest a lot of money,” said David Rolfe, chief investment officer of St. Though investors trust that Buffett will put an appropriate successor in place, they acknowledge that, as the world’s most successful value investor, he is a special case.īerkshire Vice Chairman Charles Munger last year said MidAmerican could deploy as much as $100 billion over the next 10 to 15 years. power company rankings see: )īut some on Wall Street say there is another, less obvious reason for such a deal: The 82-year-old Buffett is beginning to tie up the nearly $50 billion of cash on Berkshire’s balance sheet to assuage concerns about a leadership transition when he dies or becomes too infirm to run the conglomerate. electric utility customers from fourteenth, according to data compiled by Reuters, and fits right into Buffett’s strategy of owning businesses with large, predictable cash flows. The unit’s $5.6 billion acquisition of Nevada’s NV Energy, announced last week, vaulted MidAmerican to ninth place in terms of U.S. June 5 (Reuters) - MidAmerican Energy Holdings Co, a core part of Warren Buffett’s sprawling business empire, is becoming a favorite way for the “Oracle of Omaha” to invest the billions of dollars of cash on Berkshire Hathaway Inc’s balance sheet.

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