Warren Buffet
(aged 86), Head of Berkshire Hathaway (US$420 billion in asset value) said he’s having trouble figuring out how to invest in the retail sector and to make money doing it. “Retailing is tough for me to figure out,” he said in an interview with CNBC. “When I was a kid, in every town, the guy who owned the big department store in town was king, whether it was Marshall Field or Dayton, or Hudson in Detroit. The department store was king because it offered this incredible array of...