http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png http://gawker.com/tag/valleywag/berkshirehathaway http://gawker.com/tag/valleywag/berkshirehathaway Who needs journalists, really? That's what Business Wire argues. Warren Buffett, the billionaire CEO of Berkshire Hathaway, picked up Business Wire in 2006. He claims not to be tech-savvy, but this investment suggests otherwise. Press releases distributed by Business Wire are picked up directly by services like Google News and Techmeme. As a source, Business Wire ranks 32nd on Techmeme's list — not a bad performance. Buffett also owns a large stake in the Washington Post Co. But if that goes bust thanks to the advent of online media, it seems like Buffett picked himself a nice hedge.

]]> http://gawker.com/index.php?op=postcommentfeed&postId=357227&view=rss&microfeed=true Google's stock price has passed the psychologically important but otherwise meaningless $600 barrier for the first time. Want some other high-flying tickers? Try the Washington Post Company at $803 or Warren Buffett's Berkshire Hathaway — currently trading around $121,000 per share. Of course, despite the difference in absolute stock prices, Google and Berkshire Hathaway have roughly the same market capitalization — a perfect illustration of why the price of a stock, out of context, has no meaning.

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