Bloomberg News

MasterCard Has Attributes Buffett Loves, Ex-Daughter-in-Law Says

December 14, 2011

Dec. 14 (Bloomberg) -- Mary Buffett, the former daughter- in-law of Berkshire Hathaway Inc. Chairman Warren Buffett, said MasterCard Inc. is a company that has “all of the things that Warren loves.”

MasterCard, the world’s second-biggest payments network, has “a durable competitive advantage, it has high returns on equity, it’s carrying little or no long-term debt,” she told Bloomberg Television’s Betty Liu today on the “In the Loop” program today.

Todd Combs, hired by Warren Buffett to help manage investments at Omaha, Nebraska-based Berkshire, has been accumulating MasterCard shares. Mary Buffett, who was married to the billionaire’s son Peter, is the author of “The Warren Buffett Stock Portfolio.”

--Editor: Dan Kraut

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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