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

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.”

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