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Keyword: buffett

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  • Warren Buffett says bitcoin is 'probably rat poison squared'

    05/07/2018 5:08:45 PM PDT · by NRx · 59 replies
    CNBC ^ | 05-05-2018 | https://www.cnbc.com/2018/05/05/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html
    Warren Buffett is still not a fan of investing in bitcoin. The Oracle of Omaha reiterated his negative view on the cryptocurrency, according to CNBC's Becky Quick. Bitcoin is "probably rat poison squared," he said. Buffett is presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. Charlie Munger, Berkshire's vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is "just dementia." In January Buffett warned investors about the craze over bitcoin and other cryptocurrencies in interview with CNBC. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come...
  • Amazon, Berkshire Hathaway and JP Morgan Chase to create health care company

    01/30/2018 5:00:31 AM PST · by COBOL2Java · 59 replies
    WTOP News [Washington DC] ^ | January 30, 2018 7:26 am | Colleen Kelleher | @KelleherWTOP
    WASHINGTON — Amazon, Berkshire Hathaway and JPMorgan Chase & Co. will create an independent health care company that is “free from profit-making incentives” that will aim to reduce healthcare costs for their U.S. workers. The focus of the company will be technology solutions “that will provide U.S. employees and their families with simplified high-quality and transparent healthcare at a reasonable cost,” a news release says. “The ballooning costs of healthcare act as a hungry tapeworm on the American economy. Our group does not come to this problem with answers. But we also do not accept it as inevitable. Rather, we...
  • Buffett says government should do more to combat poverty

    10/03/2017 9:00:20 PM PDT · by Olog-hai · 48 replies
    Associated Press ^ | Oct 3, 2017 4:20 PM EDT | Josh Funk
    Billionaire Warren Buffett says America will continue to prosper overall, but government and philanthropists should do more to ensure that poverty doesn’t remain a barrier success. “The American dream has succeeded in aggregate. We have failed, in my view, to create the equality of opportunity,” Buffett said Tuesday at the national Purpose Built Communities conference in Omaha. Buffett supports the Atlanta-based nonprofit group that helps communities come up with holistic plans to redevelop high-poverty areas. Government should do more to ensure everyone has an equal opportunity to succeed through measures such as the earned income tax credit, Buffett said. And...
  • Buffett calls pessimists about United States 'out of their mind'

    09/20/2017 12:45:11 AM PDT · by No One Special · 9 replies
    Reuters ^ | September 19, 2017 | Jonathan Stempel
    NEW YORK (Reuters) - Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett’s optimism for the country’s prospects over the long term -- even 100 years into the future. “Whenever I hear people talk pessimistically about this country, I think they’re out of their mind,” Buffett, the chairman of Berkshire Hathaway Inc (BRKa.N), said on Tuesday night. [...] “It has been 241 years since Thomas Jefferson wrote the Declaration of Independence,” he said. “Being short America has been a loser’s game. I predict to you it will continue to be...
  • The Race to Save Lehman Brothers ("Too Big to Fail")

    10/21/2009 12:31:38 AM PDT · by CutePuppy · 3 replies · 566+ views
    CNBC / NYTimes ^ | October 20, 2009 | Andrew Ross Sorkin
    In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.Adapted from "Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — And Themselves." The book, being published Tuesday by...
  • Buffett: 'Medical costs are the tapeworm of American economic competitiveness'

    05/11/2017 5:48:52 AM PDT · by lowbridge · 23 replies
    Yahoo ^ | May 5, 2017 | Julia La Roche
    Legendary investor Warren Buffett said that rising health care costs, not the tax system, is the number one problem that American businesses face. “If you go back to 1960, or thereabouts, corporate taxes were about 4% of GDP, I mean they bounced around some. And now, they’re about 2% of GDP,” Buffett said during Berkshire Hathaway’s (BRK.A) (BRK.B) annual shareholders meeting. “At that time, health care was 5% of GDP, and now it’s about 17% of GDP.” In Buffett’s view, this says a lot of what’s playing a bigger role in hindering business activity in the economy. “When American business...
  • Warren Buffett sees $11 billion boom on Donald Trump win

    11/22/2016 6:58:44 PM PST · by Olog-hai · 12 replies
    CNBC ^ | 11/22/2016 | Jeff Cox
    For someone who backed Hillary Clinton in the presidential election, Warren Buffett has done just fine so far with a Donald Trump victory. The multibillionaire head of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset Nov. 8. Buffett has benefited particularly well from the myriad financial holdings he holds in the company’s portfolio. Bank stocks have surged since Trump’s win, on anticipation of higher rates and less regulation of Wall Street. Taken together, the company’s half-dozen top financial holdings have brought the Oracle of Omaha a hefty $4.3 billion in profits since the...
  • Moody's and Buffett and Hillary’s Tax Plan

    10/13/2016 8:10:21 AM PDT · by ChessExpert · 3 replies
    American Thinker ^ | October 13, 2016 | Jack Hellner
    Economists from Moody’s Analytics write articles saying that Hillary’s economic policies are better for the economy than Trump’s policies. These articles come can come from Mark Zandi, Don White or in this case, Jeff Benjamin. Whenever any article comes from Moody's analytics a footnote should show that a major shareholder of Moody's is Warren Buffett who campaigns for Hillary. The image they project is that Moody's is an objective, independent source. Zandi is always trotted out as the independent economist whenever Obama or Hillary need an economist to support their policies.
  • Surfing in a Hurricane

    10/06/2016 12:26:29 PM PDT · by LonePalm · 5 replies
    Youtube ^ | 6 October 2016 | LonePalm
    A little entertainment while waiting for Hurricane Matthew. Click the picture and enjoy y'all.
  • Senators Call For ... Wells Fargo As Warren Buffett Vows To Keep Silent Until After Election

    09/22/2016 4:48:03 PM PDT · by Rusty0604 · 11 replies
    Zerohedge ^ | 09/22/2016 | Tyler Durden
    That did not take long. Just hours after a CNN report suggested that Wells Fargo was retaliating, and firing, company whistleblowers who had spoken out against the company's illegal "account creation" practices (while blaming them of being "tardy"), moments ago Reuters reported that Senators have asked the Labor Department to investigate Wells Fargo for potential violations of Fair Labor Standards Act. To be sure, now would be a perfect time for Wells Fargo's biggest shareholder, Warren Buffett - who owns a 10% stake in WFC - to speak up in defense of his favorite US bank, alas that won't happen....
  • Warren Buffett buys more Wells Fargo stock on a dip [Hillary supporter is its largest stockholder!]

    09/20/2016 11:29:45 AM PDT · by SoFloFreeper · 10 replies
    Market Watch ^ | 3.29.2016
    Warren Buffett showed that the selloff in Wells Fargo & Co.’s stock this year has just made him love the banking giant even more, as he boosted his stake in the company to 504.3 million shares, according to regulatory filings. Buffett’s investment vehicle Berkshire Hathaway Inc. BRK.B, +0.01% now owns 10% of Wells Fargo’s common stock outstanding, making him by far the largest shareholder. That is up from 479.7 million shares, or a 9.45% stake, as of Dec. 31, filings show.
  • Berkshire is accused in NY lawsuit of workers' comp 'siphoning'

    09/12/2016 2:22:11 PM PDT · by george76 · 4 replies
    Reuters ^ | Sep 12, 2016 | Jonathan Stempel
    Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of "siphoning" premiums through a web of illegal shell companies, with diverted premiums going to unlicensed out-of-state insurers. The plan amounted to a "reverse Ponzi scheme" where unsuspecting employers expecting to buy affordable...
  • Twin Falls Newspaper Financed by Globalist Warren Buffett Attacks Breitbart

    08/25/2016 4:39:44 PM PDT · by george76 · 9 replies
    Breitbart ^ | 25 Aug 2016 | Michael Patrick Leahy
    The daily paper, which operates as, in effect, a local monopoly in the small southern Idaho city at the center of a sexual assault of a 5 -year-old American-born girl involving three Muslim refugee boys, is owned by Lee Enterprises, which received a $2.1 million loan in 2012 and another $9 million loan in 2013 from a subsidiary of Berkshire Hathaway, the conglomerate controlled by globalist billionaire Warren Buffett, an ardent supporter who endorsed Hillary Clinton in December. ... The Twin Falls Times-News op-ed generated a number of comments from local readers, some backing the paper’s reporting as “objective,” but...
  • The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America

    08/05/2016 9:03:38 PM PDT · by ameribbean expat · 16 replies
    During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200 billion to $4.5 trillion. Call that a 23X gain. That’s a pretty massive increase—so let’s see what else happened over that three-decade span. Well, according to Forbes, Warren Buffett’s net worth was $2.1 billion back in 1987 and it is now about $73 billion. Call that 35X. *** Further down the Greenspan era rabbit hole, we have the average weekly wage of full-time workers in inflation adjusted dollars. In constant 1982 dollars that was $330 per week in...
  • Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 4:47:03 PM PDT · by Cheerio · 105 replies
    The Daily Wire ^ | August 3, 2016 | Robert Kraychik
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”
  • WATCH: Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 5:17:44 PM PDT · by Beave Meister · 16 replies
    Daily Wire ^ | 5/3/2016 | ROBERT KRAYCHIK
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”
  • Warren Buffett, Hypocrite!

    08/02/2016 9:07:47 AM PDT · by LRoggy · 18 replies
    Vanity | 8/2/16 | LRoggy
    Warren Buffett, Hypocrite YesterdayÂ’s media circus performance by Warren Buffett has shown him to be not worthy of the exalted platform he has been elevated to by far too many in society. ItÂ’s time to call him out for it. Late in 2015 Salon writer David Dayen took him to task concerning the business practices of a number of Berkshire Hathaway subsidiaries and they bear noting: http://www.salon.com/2015/12/29/warren_buffett_is_a_phony_every_liberals_favorite_billionaire_is_actually_cut_throat_not_cuddly/ One late paragraph in particular stands out: Warren Buffett may be a charming guy in person. The spectacle of a billionaire who drinks Coke and eats potato sticks every day is surefire media...
  • Hillary Clinton Loads Up Omaha Rally With High School Kids – Still Can’t Fill It Up!

    08/01/2016 10:28:55 PM PDT · by Ray76 · 62 replies
    Gateway Pundit ^ | Aug 1, 2016 | Jim Hoft
    Hillary Clinton held a rally today at North High School in Omaha. The gym was half empty when the rally started. She packed the high school gym with high school kids who are too young to vote.
  • Billionaire Warren Buffett Pledges to Drive Voters to the Polls in Nov.

    08/01/2016 7:17:26 PM PDT · by SoFloFreeper · 63 replies
    NBC Bay Area ^ | 8/1/16 | Asher Klein
    "I’m gonna be doing selfies, whatever it takes," Buffett said, before introducing Hillary Clinton at a rally in Omaha, Nebraska Buffett pledged to "take at least 10 people to the polls who otherwise would have had difficulty getting there" on November 8, challenging his congressional district to "give America a civics lesson."
  • Why Warren Buffett Is Campaigning for Hillary Clinton—And How Much He’s Spending To Do It

    08/01/2016 6:54:48 PM PDT · by SoFloFreeper · 20 replies
    Time.com ^ | 8/1/16 | Alexandra Mondalek
    The Oracle of Omaha is one of several billionaires to back her. Hillary Clinton may be having a tough time reaching average American voters, but she’s having no trouble courting billionaires. On Monday afternoon, Berkshire Hathaway CEO Warren Buffett delivered a speech at a Hillary Clinton campaign event in his hometown, a few months after endorsing the Democratic nominee for president. ...In October 2014, Buffett gave $25,000, the most he’s donated to benefit any single candidate, to a Super PAC dedicated to helping Clinton, called Ready for Hillary. To be sure, Buffett has given sums totaling $30,000 or more to...