Billionaire Warren Buffett says it's unlikely that the U.S. economy will fall into another recession, calling the chances "very low."
updated: Sun May 06 2012 21:52:00
Warren Buffett greets Berkshire Hathaway shareholders at annual meeting. CNN's Poppy Harlow reports.
Warren Buffett said his deals to pump $8bn into Goldman Sachs and General Electric during the financial crisis were "peanuts" compared to the big acquisitions his eventual successor at Berkshire Hathaway would be expected to make.
When billionaire investor Warren Buffett revealed last week that he has been diagnosed with early-stage prostate cancer, the reaction -- including from Buffett himself -- amounted to a collective shrug.
April, the cruelest month: Time for tax deadlines and tax policy follies. Hence, the resurrection of the so-called Buffett Rule.
If the word "secretary" doesn't conjure up an image for you, just run a quick Google Image search.
It's the punchline of a joke no one bothered to write the set-up for: Warren Buffett's secretary pays a higher tax rate than he does.
A lump of coal in your stocking is not considered a good thing. But a lump of coal stocks in your portfolio could be lucrative if you buy into the latest Wall Street gossip about Warren Buffett.
It's fitting that Warren Buffett would be making political headlines the same month that reviews started tumbling in for the new book "Leak: Why Mark Felt Became Deep Throat". Both Buffett and Felt are cautionary examples of what happens when journalists drop their skepticism to embrace a source who says what they want to hear.
updated: Fri Feb 24 2012 17:19:00
New Jersey Gov. Chris Christie says if Warren Buffett wants to pay more taxes, he can just write a check
Outspoken New Jersey Gov. Chris Christie had some rather harsh words for billionaire investor Warren Buffett on Tuesday.
With the stock market up almost 4.5% last month, the best January since 1997, I'm becoming more confident about the stock market and thinking of cashing out CDs and putting about $100,000 into stocks. Is now a good time to do that? -- Nick
How would millionaire and billionaire investors like Warren Buffett fare under the GOP presidential hopefuls' tax plans?
Warren Buffett has long said he hopes his son Howard will follow him as chairman of Berkshire Hathaway, and you'll hear that again on 60 Minutes Sunday. The question of his successor as CEO, however, is another matter.
Warren Buffett's utility company is making a big buy in the turmoil-filled solar energy market.
The Oracle of Omaha is making an old-media buy.
And they say Warren Buffett doesn't buy tech stocks.
IBM does not sell car insurance. Or ice cream. Or underwear.
In the worst quarter for U.S. stocks since the financial crisis, investor Warren Buffett went on a stock buying spree.
Billionaire investor Warren Buffett this week showed a little more leg in his campaign to get Congress to raise taxes on the uber-rich.
Warren Buffett has a message for Rupert Murdoch and the Wall Street Journal: Sure, I'll release my tax returns, if you do too.
Warren Buffett's words were used Friday by lawmakers to score petty political points -- exactly the kind of rhetoric he is asking Congress to put aside.
There's no denying that these are scary times for you and your money. The economy is teetering on the edge of another recession.
Billionaire Warren Buffett can pay more taxes if he wants to, but some "ordinary millionaires" say they're already paying plenty.
Warren Buffett's investment fund Berkshire Hathaway said Monday that it plans to buy back its own shares.
Billionaire Warren Buffett has been thinking about the inequities in the U.S. tax system at least since June 2007. I know this because, during PBS' Democratic presidential debate in which I served on a panel of journalists, I asked the eight Democrats, including Barack Obama, what they thought of comments Buffett had made about the unfairness of a tax system where his secretary paid a higher percentage of her income in taxes than he did.
Taxing the rich more. It's a central theme in the debt-reduction proposals put forth by President Obama on Monday. It's a familiar theme for Obama, but this time he added a twist by proposing the "Buffett Rule" for millionaires.
updated: Tue Sep 20 2011 05:44:00
How would Warren Buffett's tax proposal impact U.S. revenues? CNN's Mary Snow crunches the numbers.
Warren Buffett earned $357 million in paper profits on Thursday simply on warrants related to his $5 billion equity infusion into Bank of America. Not bad for a day's work.
Bank of America CEO Brian Moynihan has a new BFF. His name is Warren Buffett. Heard of him? Shares of the bewitched, bothered and bewildered bank were up 9% in early afternoon trading Thursday after Buffett's Berkshire Hathaway announced it was investing $5 billion in preferred shares of Bank of America.
Bank of America finally caught a break.
When was the last time you made a billion dollars in five minutes? Warren Buffett just did.
Deciding when to get rid of a stock has always been tough. These days, though, it can be outright nerve-racking. Stocks have been on fire -- the S&P 500 index has doubled from its bear market low in March 2009 -- and as a result, you're probably sitting on at least a few stocks that have experienced major runs over the past two years.
In a recent New York Times op-ed article, Warren Buffett asserts that the super-rich do not pay enough taxes. He suggests that any new budget deal should raise rates on the super-rich, especially on their "unearned" income from interest, dividends and capital gains.
updated: Tue Aug 16 2011 22:47:00
Presidential candidate Michele Bachmann criticizes Warren Buffett's comments that taxes should be increased on the rich.
In Sunday's New York Times, Warren Buffett discusses the need to raise taxes on the wealthy. He's absolutely right. Tax increases, in general -- as well as tax increases on the wealthiest households, in particular -- need to be a part of the solution.
If you want to invest like Warren Buffett, start by adding Dollar General to your portfolio and offloading shares of Kraft.
Billionaire investor Warren Buffett, saying he doesn't want to be "coddled" by Congress, says that wealthier Americans should pay higher taxes, and that higher taxes do not dampen job growth.
It's been an ugly few weeks on Wall Street. Stocks have fallen far and fast. But all the panic selling has created a sweet buying opportunity for some companies, according to investment experts.
After the S&P 500 lost more than 10% over the past two weeks, the sell-off continued with full force on Monday morning.
Letting a colleague front-run his stock purchases wasn't Warren Buffett's best idea -- but few can touch his results.
The winning bidder for a lunch with billionaire investor Warren Buffett made one final decision late Friday -- that he or she wanted to set a record.
Bidding on Warren Buffett's auction of an annual fundraising power lunch easily eclipsed $2 million by Tuesday, with four days of bidding yet to go.
Billionaire investor Warren Buffett will be making a cameo appearance on "The Office," playing a potential replacement for the dim-witted manager played by Steve Carell on the NBC situation comedy.
There are plenty of accolades you can heap on Berkshire Hathaway chief Warren Buffett, but "skilled energy speculator" may not seem like one of them.
U.S. stocks were poised to open slightly lower Thursday, after a weekly report on jobless claims that was a bit higher than expected.
I'm in my late 20s and would like to invest some money in the market. I've never done it before, though. Where would be a good place to start? -- Clint S., Traverse City, Mich.
Warren Buffett's still-unrevealed succession plan is a subject of obsessive speculation in the financial world, where it receives a level of scrutiny that's typically reserved for Oscar nominees and presidential candidates. The latest shortlist of contenders comes courtesy of Vanity Fair, which, in a recent profile of Buffett, homed in on four CEOs of Berkshire Hathaway companies: Ajit Jain, who heads Berkshire's reinsurance business; David Sokol of NetJets; Greg Abel of MidAmerican Energy Holdings; and Matthew Rose of Burlington Northern.
Some day early next year, Warren Buffett -- and 14 others including former President George H.W. Bush, Maya Angelou, and Stan Musial -- will descend upon Washington to receive the Presidential Medal of Freedom. (The date is uncertain right now, apparently contingent upon the schedule of German Chancellor Angela Merkel, another recipient.) This has become a familiar destination for Buffett, who has kept himself in the news lately doing interviews and speaking out on issues -- much more so than he has done previously. Just this Tuesday, Buffett, along with his billionaire buddies Bill and Melinda Gates, met with President Obama in the Oval Office to discuss their Giving Pledge initiative and the economy. What's interesting to consider is whether Buffett's new higher profile contributed to his being considered for the medal (not that this was necessarily a goal of his).
Warren Buffett says he will donate 99% of his wealth.
Facebook founder Mark Zuckerberg is among 17 wealthy American families and individuals who have joined a promise to donate the bulk of their fortunes to charity, according to a group that supports the idea.
Financial titan Warren Buffett praised the U.S. government's response to the financial crisis Wednesday, writing in an open letter addressed to "Uncle Sam" that Washington responded well to a "destructive economic force unlike any seen for generations."
Warren Buffett's Berkshire Hathaway posted third-quarter earnings that fell almost 8% from a year ago, the company said late Friday.
Investing guru Warren Buffett obviously doesn't need or probably want my investing advice.
Today, a large Berkshire Hathaway mystery lifted when a Greenwich, Conn., hedge fund, Castle Point Capital Management, quietly advised its investors that the fund's managing partner, Todd Anthony Combs, would leave to join Berkshire at the end of the year.
Berkshire Hathaway, the holding company run by Warren Buffett, announced Monday that hedge fund manager Todd Combs has been hired as an investment manager.
The first thing I notice on my most recent visit with Warren E. Buffett, who recently turned 80, is how incredible he looks. He would look terrific for 50; for 80, he looks like Charles Atlas. He's modest about it, as he is about everything. "It all works great," he says. "The eyes, the hearing -- everything works great ... which it will until it all falls apart."
In the end, few Chinese tycoons could resist the rare opportunity to dine with Bill Gates and Warren Buffett in a chateau-style resort on the outskirts of the capital.
In the world of business, who in their right mind would turn down the opportunity to dine with Bill Gates and Warren Buffett? Chinese tycoons, apparently.
updated: Fri Aug 27 2010 07:12:00
The world's most famous investor is about to turn 80. CNN's Andrew Stevens and CNN.com's Kevin Voigt report.
Warren Buffett's Berkshire Hathaway posted a second-quarter profit that tumbled 40% from a year ago, as the company suffered a $1.4 billion paper loss on its derivatives bets.
On Wednesday, the Giving Pledge -- a movement spearheaded by Warren Buffett and Bill and Melinda Gates -- revealed the names of 40 individuals and families who are taking up the challenge to give away at least half of their net worth during their lifetime or at death. Along with a commitment, the philanthropists all posted a letter explaining why they were taking the plunge. Analyzing their remarks offers a rare glimpse into the minds of the richest of the rich: how they view their fortunes and where they think their money should go after they die.
The day after Lehman collapsed in September 2008, David Sokol noticed that the stock of Constellation Energy, a Baltimore utility, was plummeting. He called his boss, Warren Buffett, and said, "I see an opportunity here." Buffett, who had noticed the same thing, replied after a brief discussion: "Let's go after it."
The day after Lehman collapsed in September 2008, David Sokol noticed that the stock of Constellation Energy, a Baltimore utility, was plummeting. He called his boss, Warren Buffett, and said, "I see an opportunity here." Buffett, who had noticed the same thing, replied after a brief discussion: "Let's go after it."
A chance to score a coveted lunch date with billionaire and influential investor Warren Buffett is back.
Berkshire Hathaway CEO Warren Buffett defended the role that Moody's and other rating agencies played in the financial crisis, even as the industry missed the signs of an impending housing market collapse.
When Warren Buffett testifies before the Financial Crisis Inquiry Commission Wednesday, it will be because he was subpoenaed. If you don't know how a subpoena works, this one begins with capital letters, "YOU ARE HEREBY COMMANDED to appear and give testimony."
Warren Buffett offered his strongest defense yet of Goldman Sachs, saying he doesn't believe the investment bank acted improperly in a sale of subprime-related securities at the heart of a Securities and Exchange Commission fraud case.
Value investors are descending on Omaha this weekend for "Woodstock for Capitalists" -- also known as Berkshire Hathaway's annual meeting.
Unaudited results are in for the second year of "Buffett's Big Bet" -- Warren Buffett's 2008 wager against Protégé Partners that a low-fee index fund will outperform certain funds of hedge funds -- and the famous investor has gained some ground on his challenger. In the 2009 segment of the 10-year bet, an S&P 500 index fund -- that's Buffett's pick -- outdid the average performance of the five funds of funds that New York-based money management firm Protégé backs, 26.2% to 15.9%.
A Goldman Sachs director tipped off a hedge-fund boss about a $5 billion investment from Warren Buffett's Berkshire Hathaway before it was made public in 2008, according to a report published Tuesday.
Peddling credit cards isn't so easy that a caveman can do it.
Warren Buffett has an elegant solution for the thorny problem of too-big-to-fail banks: Put the bankers' bank accounts on the line.
A rousing stock rally has repaired much, but not all, of the damage the 2008 market meltdown inflicted on Berkshire Hathaway's stock portfolio.
Berkshire Hathaway reported today that its book value rose in 2009 by $21.8 billion, a record for the company. The previous record was $16.9 billion, set in 2006.
If it's possible, Berkshire Hathaway's NetJets unit seems to have troubles rivaling those of longtime pitchman Tiger Woods. But Berkshire chief Warren Buffett says the company's rehabilitation is well under way.
Warren Buffett may seem like a cheap date, given his penchant for Dairy Queen. But to pick up shares of his Berkshire Hathaway you've had to fork over Le Cirque prices. Indeed, Berkshire's A-shares recently sold for more than $100,000 apiece, while the "more affordable" B-shares were nearly $3,500.
Warren Buffett's Berkshire Hathaway got a rousing introduction to the S&P 500 this month -- though it wasn't quite the most lavish ever.
Warren Buffett continued to pare his investments in energy companies during the fourth quarter, while boosting his stake in a waste management provider, a regulatory filing showed Tuesday.
Man doth not live by financial capital alone but also by human capital. And, of course, Warren Buffett had a lot to say about that, too, when he took Phil DeMuth and me to dinner a couple of weeks ago in bitterly cold, snowy Omaha.
Dayang Trands, a little-known Chinese company that began making clothing for peasants and now makes suits and separates for a slew of Western brands, is getting a lot of attention from one famous client.
Investor guru Warren Buffett almost doubled his stake in Wal-Mart, adding 18 million shares in the discount retailer in the third quarter of 2009.
Billionaire Warren Buffett offered some advice to Uncle Sam on Friday: Time it right, but tackle the nation's enormous federal deficit.
I don't know about you, but I don't have a spare $101,900 stuffed under my couch cushions to buy an "A" share of Warren Buffett's Berkshire Hathaway. I probably could scrounge together $3,395 for one "B" share, but I would rather not.
Stocks struggled Tuesday, ending mixed, as investors mulled improved auto sales, surging commodity prices and Warren Buffett's buyout of railroad Burlington Northern Santa Fe.
Warren Buffett said he's making an "all-in wager on the economic future of the United States" with the purchase of railroad Burlington Northern Santa Fe. Let's hope it's a bet that Buffett wins.
Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion.
U.S. Bancorp is probably the biggest bank you've never heard of. But there are two reasons why you might want to start paying attention to it.
On a visit to Dalian, a city in Northeast China, in 2007, Warren Buffett answered a knock at his hotel room door to find two Chinese tailors. The tailors ran tape measures up his legs and around his waist, and eight minutes later, they departed. Back in Omaha, Neb., three weeks later, Buffett opened a package to find their handiwork -- two custom-made suits that fit him like a second skin.
Warren Buffett came to bury Ken Lewis, not to praise him.
Warren Buffett praised the U.S. government Tuesday for its efforts to heal the economy, but the influential investor said he expects a slow recovery as consumers remain wary of spending.
Investor guru Warren Buffett bought up millions of shares of health care and drugmaker stocks in recent months while shedding energy shares, according to a Friday filing with the Securities and Exchange Commission.
Plunking down $2.11 million for a steak lunch might seem a tad bit excessive, even to a successful hedge fund manager.
Berkshire Hathaway is ready to make a deal at the right price, but it has nothing in its shopping cart right now, CEO Warren Buffett said Sunday.
Berkshire Hathaway expects to report a first-quarter operating profit next week, CEO Warren Buffett said Saturday. However, he added that the firm's net worth continues to decline under the weight of losses from investments and derivatives bets.
Berkshire Hathaway chief Warren Buffett defended the government's handling of the economic crisis, but warned that the purchasing power of the dollar may fall as policymakers stretch to finance expensive rescue plans.
Warren Buffett's Berkshire Hathaway had its worst year ever in 2008. But for the throng gathering in Omaha on Saturday for the annual shareholder meeting, that's ancient history.
"I did some dumb things." Boy, there's a rare bit of self-reproach from Warren Buffett. <P>In his annual Chairman's letter to Berkshire Hathaway investors, the Oracle of Omaha said that 2008 had some good parts...and some bad. The good? Buffett used his billions to buy pieces of General Electric and Goldman Sachs for a song. <P>The bad? Berkshire Hathaway's worst performance since 1965. Buffett's dumbest move, he admitted, was buying up shares of ConocoPhillips when oil prices were near their peak. - <I>J.R.</I>
Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact. You should invest in a business that even a fool can run, because someday a fool will. And perhaps most famously, Never invest in a business you cannot understand.
Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire's worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% in 2001, a year hurt by 9/11 and other problems in Berkshire's insurance operations.
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