Tag Archives: buffet

President Obama and Warren Buffett share ancestral roots

Genealogists announced on Tuesday that President Obama and billionaire Warren Buffett are related through a 17th century Frenchman named Mareen Duvall

Warren E. Buffett, the billionaire investor who supported Barack Obama during the presidential campaign, might be more than just an informal adviser to the president: He might also be his distant cousin, according to a new study of Mr. Obama’s family tree.
Genealogists at Ancestry.com, the online genealogy site, reported Tuesday that Mr. Buffett and Mr. Obama are seventh cousins, three times removed, and share a great-grandfather who owned slaves in Maryland.
According to the online genealogists, Duvall — who immigrated to Maryland from France in the 1650s — is Obama’s 9th great grandfather and Buffett’s 6th great grandfather. The discovery was made by accident when the same team of genealogists who had researched Obama’s family tree went on to investigate details about Buffett’s relatives.
“We recognized the name Duvall and it made us wonder if this was a connection,” said Anastasia Tyler, the lead researcher on the project. “So we started focusing on Duvall.”
“We’re always looking for a way to show how interesting family history is. Like this, when you start finding similarities in family trees,” Tyler said in an interview. “The tree leads you in directions you don’t expect.”

* Mareen Duvall
* Birth: about 1630 in Nantes, Loire-Atlantique, Pays de la Loire, France
* Death: 5 Aug 1694 in Middle Plantation, Anne Arundel, Maryland, USA
source:

The ancestor, Mareen Duvall, emigrated from France to Maryland as an indentured servant in the 1650s, the genealogists reported. By 1659, Mr. Duvall had purchased property in Anne Arundel County, Maryland, which he later named “Middle Plantation,” the report said.

According to historical records, Duvall belonged to a religious sect called the Jacobites, was a slave owner, planter and merchant and was “conservative in his political life.”

source:

Family History of Mareen Duvall: The Society of Mareen Duvall Descendants

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Berkshire Buying Burlington Northern Railroad

posted by GeoT

“An Investemnt in the Future of America”

Geo T Note: This is a play on railroads becoming the “green” mode of commercial transport, supplanting trucking. The near future will see new track laid and faster more efficient shipping methods developed…

Nov. 3 (Bloomberg) — Berkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in the company’s biggest takeover under Warren Buffett.

Warren Buffett

Buffett’s firm will buy the 77.4 percent of the railroad it doesn’t already own for $100 a share in cash and stock, valuing the transaction at about $44 billion, including $10 billion in outstanding debt, Omaha, Nebraska-based Berkshire said in a statement today distributed by Business Wire. That compares with the railroad’s closing price yesterday of $76.07.

“It’s an all-in wager on the economic future of the United States,” Buffett said in the statement.

Berkshire has been building a stake in the Fort Worth, Texas-based railroad for more than two years as Buffett looked for what he called an “elephant”-sized acquisition in which he could deploy his company’s cash hoard, valued at more than $24 billion as of the end of June. Trains stand to become more competitive against trucks with fuel prices high, he has said.

“As oil prices go up, higher diesel fuel raises costs for rails, but it raises costs for its competitors, truckers, roughly by a factor of four,” Buffett told shareholders in 2007 at his company’s annual meeting. “There could be a lot more business there than there was in the past.”

Full Story Here:

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