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Warren Buffett is going for Renewable Energy

Buffett,WarrenHere’s What Warren Buffett Thinks About Renewable Energy The Motley Fool By Jason Hall |  November 27, 2013 | 

“Rule No. 1: Never Lose Money. Rule No. 2: Never Forget Rule No. 1.”
–Warren Buffett

Warren Buffett is famous for both his legendary investing acumen, and his simple, straightforward investing advice. For years, alternative energy has been viewed as non-competitive with traditional energy production from coal and other fossil fuels, making them money-losers for most investors.

Buffett’s own Berkshire Hathaway  (NYSE: BRK-B  ) subsidiary MidAmerican Energy is heavily investing in alternative energy sources, including both wind and solar. And considering that MidAmerican produces more than $1.2 billion in annual “ammo” for Buffett’s “elephant gun,” the story on renewables is clearly changing.

Should investors follow t… (registered readers only)  http://www.fool.com/investing/general/2013/11/27/when-it-comes-to-renewable-energy-buffetts-not-blo.aspx

November 28, 2013 - Posted by | business and costs, renewable, USA

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