Reuters Money: Buffett's insiders' Woodstock: James Saft

	Click to View in Browser 05/6/2014 Buffett's insiders' Woodstock: James Saft (Reuters) - Warren Buffett and Charlie Munger might be the greatest investing team of all time but they are dead wrong about the merits of activist investing. Wells Fargo releases two new credit cards aimed at high spenders (Reuters) - Wells Fargo & Co, trying to increase its credit card market position, said it is issuing two new credit cards through a partnership with American Express Co in its latest effort to woo more wealthy customers. UBS overhauls structure, offers investors extra cash ZURICH (Reuters) - UBS will revamp its corporate structure to ensure it can be broken up more easily in a crisis, cutting the amount of money it must set aside for potential losses and allowing it to pay shareholders a special dividend. David Tepper ranks as best paid hedge fund manager, again NEW YORK (Reuters) - Hedge fund mogul David Tepper had a case of deja vu when he ranked as the best paid hedge fund manager for the second year running by earning $3.5 billion in 2013 with a savvy bet on airline stocks, according to a new ranking. How wealthy families blow their assets NEW YORK (Reuters) - The basis of modern financial management rests on the promise that you can pass along what's left to future generations. Yet, the likelihood of your money lasting is slim, and studies have pegged the "shirtsleeves to shirtsleeves" failure rate at 90 percent by the third generation. Einhorn leads bear charge at Sohn Conference NEW YORK (Reuters) - Hedge fund manager David Einhorn on Monday lived up to his reputation for being able to send a stock price spinning lower by just opening his mouth. Ira Sohn: Coatue's Laffont sees Liberty Global's stock price climbing NEW YORK (Reuters) - Hedge fund manager Philippe Laffont recommended Liberty Global Plc at an investment conference on Monday, saying that fresh demand in broadband services will help boost growth at the company. Ackman recommends Fannie Mae, Freddie Mac at Sohn conference NEW YORK (Reuters) - Activist investor William Ackman said on Monday he recommends the shares of mortgage finance giants Fannie Mae and Freddie Mac because the companies have low liquidity risk. How a security expert handles identity-theft protection (Reuters) - You won't find security expert Michael Chertoff doing silly everyday things like using public WiFi, logging in with the same password on every site he uses, clicking on dubious links or falling for a phishing scam. Einhorn's Greenlight shorts athenahealth, says at 'wrong price' NEW YORK (Reuters) - Hedge fund manager David Einhorn said on Monday that athenahealth Inc is one of the companies in which his firm, Greenlight Capital, has taken a short position. Related Video Apple cracks $600; Stocks rise but Ukraine a risk Buffett-palooza '14 comes to Omaha Business News Merck & Co sells consumer unit to Bayer for $14 billion Wall Street set to open slightly lower, indexes near record The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend