Buffett Boosts Stocks with Bond Offer

(NewsVisual, powered by IntellectSpace )-- An offer to help bond insurers from Warren Buffett, on the heels of better-than-expected earnings of General Motors Corp (NYSE: GM), sent shares rising on Tuesday morning.

The details of billionaire investor Warren Buffett’s proposition included offering troubled bond insurers up to $800 million in municipal bonds as an additional level of insurance. 

This proved to be a second round of good news for investors, after GM announced that its Q4 results exceeded expectations. Analysts had predicted greater losses for the auto company, through in reality revenue was up $3 billion. In light of the news, Buffett’s offer was certainly the icing on the cake.

Buffett, Gates Top Forbes List of Wealthiest Americans

Forbes magazine released its list of wealthiest Americans today, with Bill Gates ranked #1 for the fourteenth straight year with a wealth of $59 billion and Warren Buffett in second place with $52 billion. Mr. Buffett, however, has been on the list every year since its inception twenty five years ago ( see article from USA Today ). The overwhelming majority of Mr. Gates’ wealth is from Microsoft, the company he founded and served as Chairman and CEO. On the contrary, Mr. Buffett’s source of wealth is much more diverse. We created an IntellectSpace Knowledge Map of Warren Buffett's corporate connections to determine what companies he has been involved with both in the past and present.