Nuclear terrorism refers to any person or persons detonating a nuclear weapon as an act of terrorism. Some definitions of nuclear terrorism include the sabotage of a nuclear facility and/or the detonation of a radiological device, colloquially termed a dirty bomb, but consensus is lacking. In legal terms, nuclear terrorism is an offense committed if a person unlawfully and intentionally "uses in any way radioactive material … with the intent to cause death or serious bodily injury; or with the intent to cause substantial damage to property or to the environment; or with the intent to compel a natural or legal person, an international organization or a State to do or refrain from doing an act", according to the 2005 United Nations International Convention for the Suppression of Acts of Nuclear Terrorism.
Warren Edward Buffett is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway. As a result of his immense investment success, Buffett is one of the best-known investors in the world. As of January 2024, he had a net worth of $122 billion, making him the tenth-richest person in the world.
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Founded in 1839 as a textile manufacturer, it underwent a drastic restructuring into a conglomerate starting in 1965 under the leadership of chairman and CEO Warren Buffett and vice chairman Charlie Munger. The company's main business and source of capital is insurance, from which it invests the float in a broad portfolio of subsidiaries, equity positions and other securities. Buffett and Munger are known for their advocacy of value investing principles and under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt.
Susan Thompson Buffett was an American activist for the causes of civil rights, abortion rights and birth control, and the first wife of investor Warren Buffett. She was a director of Berkshire Hathaway, owning 2.2 percent of the company worth about $3 billion at the time of her death, making her the 153rd richest person in the world. She was president of the Buffett Foundation, which has contributed millions of dollars to educational groups, medical research, family planning groups and other charities.
Charles Thomas Munger was an American businessman, investor, and philanthropist. He was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett described Munger as his closest partner and right-hand man. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He was also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. All forms of value investing derive from the investment philosophy taught by Benjamin Graham and David Dodd at Columbia Business School in 1928 and subsequently developed in their 1934 text Security Analysis.
Borsheims is a luxury jewelry store that sells fine jewelry, timepieces, engagement rings and home decór in Omaha, Nebraska. In 1870, Norwegian immigrant and silversmith Louis Borsheims founded his independent jewelry business that would later become known as Borsheims. The luxury jewelry retailer began as Brown and Borsheim. In 1907, Louis A. Borsheim sold his interests in Brown and Borsheim, thus began the Omaha staple, Borsheims. The business was sold to Louis Friedman and Simon Gorelick in 1947. In 1950, Louis bought out his brother in law, Simon Gorelick and his son Ike joined the business, who both retained the Borsheims name. In 1980, Ike Friedman bought out his father, Louis. Ike's son Alan and son in law joined the business. In 1985, his other son in law, Donald Yale joined the business. His two daughters, Janis Yale and Susie Cohn also worked in the business.
Blue Chip Stamps started as a trading stamps company called "Blue Chip Stamp Company." They were a competitor of S&H Green Stamps. Blue Chip stamps were a loyalty program for customers, similar to discount cards issued by pharmacies and grocery stores in the digital era. A customer making a purchase at a participating store would be given stamps in proportion to the dollar amount of the purchase. The stamps were dispensed by machines adjacent to the cash register. The customer would paste the stamps into books. The books could then be taken to a redemption center and redeemed for merchandise, such as lawn furniture, dining tables, tableware, and many other items. The redemption centers did not maintain a full inventory of items but would order from a catalog on behalf of the customer.
Ajit Jain is an Indian-American executive who is the Vice Chairman of Insurance Operations for Berkshire Hathaway as of January 10, 2018. Ajit Jain is an older cousin of Anshu Jain, who was the former Co-CEO of Deutsche Bank.
Owner earnings is a valuation method detailed by Warren Buffett in Berkshire Hathaway's annual report in 1986. He stated that the value of a company is simply the total of the net cash flows expected to occur over the life of the business, minus any reinvestment of earnings.
Helzberg Diamonds is a jewelry retailer founded in 1915 by Morris Helzberg that has 210 stores in 36 US states.
Berkshire Hathaway Assurance is a bond insurance company created by Berkshire Hathaway, Inc. in December 2007.
In his 2007 book On Nuclear Terrorism, author Michael A. Levi surveys the issue of nuclear terrorism and explores the decisions a terrorist leader might take in pursuing a nuclear plot. Levi points out the many obstacles that such a terrorist scheme may encounter, which in turn leads to a host of possible ways that any terrorist plan could be foiled.
The Seventh Decade: The New Shape of Nuclear Danger is a 2007 book by Jonathan Schell. It is described as a provocative book which explores the threat posed by some new nuclear policies of the United States.
The Four Faces of Nuclear Terrorism is a 2004 book by Charles D. Ferguson and William C. Potter which explores the motivations and capabilities of terrorist organizations to carry out significant attacks using stolen nuclear weapons, to construct and detonate crude nuclear weapons, to release radiation by attacking or sabotaging nuclear facilities, and to build and use radiological weapons or "dirty bombs." The authors argue that these "four faces" of nuclear terrorism are real threats which U.S. policy has failed to take into account. The book is the result of a two-year study by the Monterey Institute's Center for Nonproliferation Studies.
The Herald & Review is a daily newspaper based in Decatur, Illinois. It is owned by Lee Enterprises.
Mr. Market is an allegory created by investor Benjamin Graham to describe what he believed were the irrational or contradictory traits of the stock market and the risks of following groupthink. Mr. Market was first introduced in his 1949 book, The Intelligent Investor.
Tungaloy Corporation is a company that specializes in production and sales of metal cutting tools as well as industrial products. Headquartered in Iwaki, Fukushima, Japan, it was the first company in the country to succeed in developing superhard alloy. Tungaloy is a member of the International Metalworking Companies (IMC), which is owned by Berkshire Hathaway. In November 2011, the company celebrated the opening of its new production facility in Japan; as the Chairman, President, and CEO of Berkshire Hathaway, Warren Buffett took part in the ceremony.
Gregory Edward Abel is a Canadian businessman, chairman and CEO of Berkshire Hathaway Energy, and vice-chairman of non-insurance operations of Berkshire Hathaway since January 2018.
