European Shorting
Number of Stocks: 41
Number of New Stocks: 2
Total Value: $85,001 Mil
Q/Q Turnover: 2%
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Personal investing advice from Warren Buffett – every investor’s dream, right? Well, this year, GuruFocus is attending the Berkshire Hathaway (BRK.A)(BRK.B) shareholder meet in Omaha, and we’re submitting some questions for the Oracle’s question & answer session. Several journalists will select which will actually get asked, but instead of submitting ours, we’re going to send in the best questions from our readers. 
Looking out at the faces of people waiting to hear me discuss Warren Buffett’s investment strategies recently, I asked myself the same, but always unanswered, question the world’s greatest investor would himself ask: Where were the women? 
Much has been said about the current market valuation and expected returns. Investors who paid attention to this have been punished badly, as the current market valuation would suggest them avoid stocks. As a matter of fact, the market is indeed positioned for returns in the order of 3% per year for the coming years.
Investors approached 2013 fearing the fallout from the much ballyhooed Fiscal Cliff, that toxic cocktail of $620 billion in spending cuts and tax hikes poised to send the economy into a tailspin absent legislative action.
Ranked 184th on this year’s Fortune 500 list of America’s largest companies, National Oilwell Varco, Inc. (NOV) also ranks on Warren Buffett’s keeps-buying list as one of the stocks with the highest average 10-year EBITDA growth rate of 28.4%. With a portfolio weighting of 0.48% as of Dec. 31, 2012, Berkshire Hathaway lists 5,294,800 NOV shares, valued around $361.8 million, but a fraction of the portfolio. The current NOV share price is $70.60, with a change from average down 2%. Last year on this day, stock was $78.21. 
On Tuesday, Warren Buffett and Goldman Sachs (GS) issued a joint statement announcing an update to the warrants deal Buffett forged with the financial institutions. It was the latest development in Buffett’s lucrative investments he made in struggling companies during the financial crisis. Buffett's Berkshire Hathaway (BRK.A)(BRK.B) originally invested in Goldman Sachs in September 2008, buying $5 billion worth of preferred stock, and receiving $5 billion in warrants to buy $5 billion worth of common stock in the next five years. In October, the U.S. Treasury also purchased $10 billion in Goldman’s preferred stock as part of the Troubled Asset Relief Program (TARP). 
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