Oct 292018

I am quoted in The Wall Street Journal on Berkshire Hathaway investing in Fintech:

“Todd and Ted bring additional expertise to the table,” said David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business and a Berkshire shareholder. “They’re broadening the perspective of Berkshire and broadening the opportunities where they would look to invest.”


 Posted by at 7:54 am
Oct 052018

I am quoted in a Washington Post article: “Larry Culp’s Long To-Do List To Fix GE“.

“Culp will need to decide whether to fix GE’s power division or scrap it. David Kass, a finance professor at the University of Maryland, thinks he should sell it because of its “substantial” underperformance.

“The remainder of GE can then be turned around,” Kass said. “GE should become a smaller company.”

Ten years ago (October 1, 2008), during the peak of the financial crisis, Warren Buffett announced that Berkshire Hathaway was investing $3 billion in an issue of General Electric preferred stock paying an annual dividend of 10%.  These shares were redeemed by General Electric in 2011 for $3.3 billion plus accrued dividends, resulting in a $1.2 billion profit for Berkshire.

 Posted by at 10:11 pm