Keyword: warrenbuffet

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  • Warren Buffett Is Buying Stocks With Both Hands (Even Donald Trump is Scooping up Financials)

    08/11/2011 2:38:32 PM PDT · by SeekAndFind · 14 replies
    Business Insider ^ | 08/11/2011 | Vincent Trivett
    Most of us took this week's stock market as self-evident doom, but not Warren Buffett. He's 'never been better'. To Buffett, the S&P's downgrading his company Berkshire Hathaway = opportunity. While buying stocks at cut rates, Buffett is also planning on selling Berkshire Hathaway bonds to take advantage of cheap capital. Buffett told CNN Money's Term Sheet today that the sea of red all over the S&P 500 earlier this week is exactly what he looks forward to--a chance to buy low. "The lower things go, the more I buy. We are in the business of buying," he said. It's...
  • Time for the Rich to Shut Up on Taxes

    06/28/2011 3:06:06 PM PDT · by Qbert · 44 replies
    American Thinker ^ | April 13, 2011 | Stephen Mauzy
    What commonality binds Haim Saban, Penny Pritzker, and Warren Buffett, aside from membership in the billionaire's club?  Guilt, and not the quotidian variety -- unfulfilled potential, disappointing behavior, lost love -- that afflicts most of us.  Theirs is a guilt that only afflicts the very rich -- a guilt that arises from wanting more equitable outcomes coupled with an unwillingness to pay the requisite taxes to achieve those outcomes.  It's the same guilt that has plagued Rockefeller, Kennedy, and Mott progeny for decades. Messrs. Saban and Buffett and Ms Pritzker are newcomers to the world of self-imposed tax-deficiency guilt, but...
  • Warren Buffett Warns: The Dollar Will Decline. Sells off longer-dated bond holdings.

    03/28/2011 12:08:56 PM PDT · by SeekAndFind · 10 replies
    Motley Fool ^ | 03/28/2011 | Rich Smith
    Let the word go forth: On Friday, March 25, 2011, Warren Buffett predicted the decline of the U.S. dollar. In a speech given in New Delhi (where he's hunting up some cheap Indian stocks), the chairman of Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) warned investors to avoid "long-term fixed-dollar investments" such as 10-year U.S. Treasury bonds. Buffett worries that the $2.3 trillion in new money our government has pumped into the economy, when combined with interest rates so low they're practically giving money away, are combining to dilute the value of the dollar. As a result, Buffett warns:...
  • Read Warren Buffett’s Latest Berkshire Hathaway Letter to Shareholders.

    02/27/2011 5:25:21 AM PST · by 2ndDivisionVet · 18 replies
    The Wall Street Journal ^ | February 26, 2011 | Gregory Corcoran
    The Oracle of Omaha had done it again. Here is the latest letter Warren Buffett has written to shareholders of Berkshire Hathaway. For reasons of typography, we have excluded the tables, as indicated. To read the entire shareholder report, click here. To the Shareholders of Berkshire Hathaway Inc.: The per-share book value of both our Class A and Class B stock increased by 13% in 2010. Over the last 46 years (that is, since present management took over), book value has grown from $19 to $95,453, a rate of 20.2% compounded annually.* The highlight of 2010 was our acquisition of...
  • Warren Buffett Has A Few Words For Those Who Think China Could Surpass The U.S.

    01/05/2011 8:29:48 AM PST · by SeekAndFind · 17 replies
    Business Insider ^ | 01/05/2011 | Courtney Comstock
    SNIP Buffett also has some inspirational words for those worried about China surpassing the U.S. He told Vanity Fair: “We had four million people here in 1790." “We’re not more intelligent than people in China, which then had 290 million people, or Europe, which had 50 million. We didn’t work harder, we didn’t have a better climate, and we didn’t have better resources. But we definitely had a system that unleashes potential. "This system works. Since then, we’ve been through at least 15 recessions, a civil war, a Great Depression…. All of these things happen. But this country has optimized...
  • Warren Buffett, Robber Baron? (The Sage of Omaha and the estate tax racket... HE PROFITS FROM DEATH)

    12/07/2010 7:09:54 AM PST · by SeekAndFind · 15 replies
    American Thinker ^ | 12/07/2010 | Christopher Chantrill
    I know that we are all supposed to love Warren Buffett as the Sage of Omaha, businessman and all-around good guy, but I keep reading stories that make me wonder. Here's a story about Warren Buffett, the estate tax, and the life insurance industry. Did you know that the life insurance lobby is actively lobbying to restore the estate tax?  Why would the life insurance industry care about that? It turns out that ten percent of life insurance industry revenue is related to the estate tax. Wealthy people take out life insurance in order to reduce estate taxes because...
  • Bill Gates, irrational statist (Billionaire thinks we should rely on wonks, not property rights)

    12/03/2010 10:57:35 AM PST · by SeekAndFind · 18 replies · 2+ views
    Financial Post ^ | 12/03/2010 | Peter Foster
    Milton Friedman once noted that most businessmen are anti-capitalists. However, Warren Buffett and Bill Gates are moving into a category all their own, putting their vast fortunes behind support for everything from philanthro­statism to just plain statism. Mr. Buffett recently offered fulsome praise to “Uncle Sam” for allegedly rescuing the U.S. (and himself) — with taxpayers’ money — from the consequences of policies put in place by … Uncle Sam. The Sage of Omaha is a big believer in soaking the rich. He has joined Mr. Gates in a high-profile attempt to strong-arm other billionaires into committing to give away...
  • Obama to award Warren Buffet Medal of Freedom

    11/17/2010 11:41:33 AM PST · by NormsRevenge · 28 replies
    Reuters on Yahoo ^ | 11/17/10 | Alister Bull
    WASHINGTON (Reuters) – President Barack Obama will name Warren Buffet as one of fifteen winners of the 2010 Medal of Freedom, a White House official said on Wednesday. Buffet, one of the world's most successful investors who has donated a vast chunk of his multibillion dollar fortune to charity, will receive the medal at a White House ceremony early next year. .. Buffet is one of Obama's closest defenders in the business community..
  • Warren Buffet Failed to Heed his Own Advice

    11/07/2010 3:10:08 PM PST · by Askwhy5times · 9 replies
    Bluegrass Pundit ^ | Sunday, November 7, 2010 | Bluegrass Pundit
    Mega billionaire Warren Buffet once called derivatives "financial weapons of mass destruction." Apparently, Buffet has failed to heed his own advice to avoid them. Warren Buffett's company posted an 8 per cent drop in third-quarter net income as the value of its derivatives portfolio fell sharply, but BNSF railroad and Berkshire Hathaway's (BRK.A-N125,560.001,080.000.87%) many other operating companies performed well... The biggest factor in the decline was a $95-million loss on Berkshire's derivatives, some of which are tied to equity markets and credit defaults. A year ago, those derivatives were worth $1.1-billion.
  • US GOVERNMENT COMMUNISTS

    10/30/2010 8:26:51 PM PDT · by Tolerance Sucks Rocks · 49 replies
    ResistNet and CommieBlaster ^ | October 29, 2010 | Asst Natl Dir Mellie
    Communists, Socialists, Marxists, Maoists and Islamics are in the US Government. They all believe in a government that’s opposed to the US Constitution and, thus, the America our founders created. They want America to give up its sovereignty and to become a member of a one-world socialist government. For simplicity, let’s call them all “commies”. We began researching Obama and other commies in US Government and Media about 18 months ago and were shocked. Here’s the high-level overview of what we learned, which is chronicled in great detail at CommieBlaster.com: - America has been at war with communism for over...
  • Warren Buffett Just Hired A 39-Year Old To Oversee Berkshire's Investment Portfolio

    10/26/2010 7:34:29 AM PDT · by WebFocus · 13 replies
    Business Insider ^ | 10/26/2010 | Courtney Comstock
    Warren Buffett hired 39-year old Todd Combs, a former Connecticut hedge fund manager with $400 AUM (assets under management), to oversee Berkshire Hathaway's portfolio. From FOXNews: "For three years Charlie Munger and I have been looking for someone of Todd's caliber to handle a significant portion of Berkshire's investment portfolio," Buffett said in a statement. "We are delighted that Todd will be joining us." Combs previously worked at Castle Point Capital, where he managed just $400 million. Under Buffett, Combs will manage a “significant portion” of the investment portfolio, according to the firm. What caught his eye? The Wall Street...
  • Warren Buffett Has Not Generated Any Alpha In 10 years (Great beginning, then flatlined)

    10/14/2010 1:48:33 PM PDT · by WebFocus · 12 replies · 1+ views
    Business Insider ^ | 10/14/2010 | Insider Monkey
    Warren Buffett. We could jot down the nearly endless list of descriptives that would just begin to protray his followers’ feelings towards him. But it’s time consuming, so let’s just put this as a constant: He’s The Man. We know. But let’s just explore this a bit further. Ordinary investors follow every step Warren Buffett makes. But so do the seasoned professional money managers. They even invest their clients’ funds in Berkshire Hathaway stock. Everybody knows that if they had invested $1000 with Warren Buffett back in the day, they would have been a zillionaire today. We can’t go back...
  • The Buffett Mystery (The billionaire can't decide whether to be or not to be a Keynesian)

    09/27/2010 10:48:06 AM PDT · by SeekAndFind · 9 replies
    American Thinker ^ | 09/27/2010 | Peter Raymond
    A supporter of Obama's economic plan and a Keynesian disciple, Warren Buffett seems unable to decide if we are still in a recession. On September 13, Bloomberg reported that Buffett announced he was "a huge bull in this market." He seemed self-assured that the economy was in no longer contracting and that "we will not have a double-dip recession at all. I see our businesses coming back almost across the board." Buffett blamed the negative perception of the economy mostly on the media, which did not reflect his view of the business environment. The current economic doldrums apparently are a...
  • 34 billionaires pledge to give away 50 percent of wealth (Gates, Buffett Lead Dontation Campaign)

    08/04/2010 8:12:34 AM PDT · by SeekAndFind · 125 replies
    MSNBC ^ | 08/04/2010
    Thirty-four U.S. billionaires pledged Wednesday to give away at least 50 percent of their wealth to charity as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates. Among the billionaires joining the campaign are New York Mayor Michael Bloomberg, entertainment executive Barry Diller, Oracle co-founder Larry Ellison, energy tycoon T. Boone Pickens, media mogul Ted Turner, David Rockefeller and investor Ronald Perelman. Gates and Buffett launched "The Giving Pledge" in June to convince hundreds of U.S. billionaires to give away most of their fortune during their lifetime or after their death
  • If Charity Is Their Goal, Bill Gates And Warren Buffett Should Hoard Their Wealth

    06/18/2010 8:32:06 AM PDT · by SeekAndFind · 26 replies · 534+ views
    Forbes ^ | 06/18/2010 | John Tamny
    The two billionaires' request that the rich give 50% of their net worth to charity is misguided. ---------------------------------------------------------------------------------------------------------------------------------------- In its latest issue, Fortune magazine reports that "Bill Gates, Melinda Gates and Warren Buffett are asking the nation's billionaires to pledge at least half their net worth to charity, in their lifetime or at death." Gates told Fortune that 50% of one's wealth would constitute the "low bar" for giving, while Buffett has pledged to give 99% of his wealth away. At first glance this is something to celebrate, for it rightly confirms that capitalism is, at its core, quite compassionate....
  • The Hole in the Warren Buffett Defense of Goldman Sachs

    05/05/2010 6:44:11 AM PDT · by SeekAndFind · 14 replies · 311+ views
    Smart Money ^ | 05/05/2010 | James Stewart
    Warren Buffett may understand the complex derivative at the heart of the fraud suit against Goldman Sachs (GS: 149.11*, -0.42, -0.28%) “better than most,” as he put it this past weekend, but I’m not sure he understands the securities laws or the legal definition of fraud. Buffett mounted a vigorous defense of Goldman, the embattled firm in which he is a major investor, arguing that the identity of the investor betting against the collateralized debt obligation — hedge fund manager John Paulson — would have been irrelevant to the investor betting on the underlying subprime mortgages. “For the life of...
  • Buffet Loses $950 Million In One Day On Goldman SEC Charges

    04/17/2010 6:23:53 AM PDT · by george76 · 73 replies · 1,662+ views
    Business Insider ^ | Apr. 16, 2010 | Gregory White
    Warren Buffet lost $950 million in Goldman Sachs (GSI) options today as the bank's stock tanked as a result of the SEC filing fraud charges against the firm
  • Who says the economy is rebounding? (Warren Buffet, Chase CEO, Dimon and GE's ex-CEO Jack Welch)

    04/16/2010 6:48:50 AM PDT · by SeekAndFind · 28 replies · 871+ views
    Fortune ^ | 04/16/2010 | Becky Quick
    The economy has made a sharp U-turn in the past couple of months, and better days for American businesses and workers are around the corner. But don't take my word for it. Take Warren Buffett's. And Jamie Dimon's. And Jack Welch's. All three tell me that in the past four to eight weeks, they've seen a real change in their businesses, and that indicates better news for the nation's economy. They should know. Warren Buffett has been focusing on the data from BNSF Railway, which he recently acquired. At the start of the recession three years ago, Burlington Northern felt...
  • Goldman, Buffett, Obama: Let Them Eat Cake

    01/26/2010 4:40:39 PM PST · by SeekAndFind · 7 replies · 552+ views
    The Street ^ | 01/26/2010 | Christiopher Gray
    Finally I recalled the last resort of a great princess who was told that the peasants had no bread, and who responded: Let them eat cake. -- Jean-Jacques Rousseau, 1769 According to noted economist David Rosenberg, since the multitrillion-dollar bailout of Wall Street began over a year ago, we have lost 6.2 million jobs, auto sales are down 23%, housing starts are down 30%, bank credit is down $500 billion, household net worth is down $7 trillion, and hundreds of thousands of small businesses have failed or are near failure. Yet Wall Street is booming. Bonuses on Wall Street are...
  • Panel receives Timothy Geithner's call logs

    01/24/2010 7:56:36 PM PST · by GOP_Lady · 37 replies · 1,168+ views
    Politico.com ^ | 01-24-10 | JAKE SHERMAN & EAMON JAVERS
    The House Oversight and Government Reform committee this week received a list that will capture eyes from Wall Street to Washington. Timothy Geithner’s call log during the tightest grips of the financial crisis show the then-New York Federal Reserve Board chairman made calls calls to U.K. Prime Minister Gordon Brown, New York Mayor Michael Bloomberg, Obama transition adviser Lee Sachs and Warren Buffet. Goldman Sachs CEO Lloyd Blankfein, former Treasury Secretary Hank Paulson, JPMorgan Chase CEO Jamie Dimon, BlackRock CEO Larry Fink and former Lehman Bros. CEO Dick Fuld also spoke with Geithner. Fed Chairman Ben Bernanke got calls, as...
  • Creative Capitalism: A Conversation with Bill Gates, Warren Buffett, and Other Economic Leaders

    12/11/2009 5:02:43 AM PST · by usalady · 3 replies · 241+ views
    Examiner ^ | December 11, 2009 | Martha
    Bill Gates is known as the world’s most successful capitalist and is less famous for being the world’s biggest philanthropist.
  • Warren Buffett And India See Dim Dollar Future (weaker dollar is big help for commodities/railroads)

    11/04/2009 8:06:22 PM PST · by SeekAndFind · 15 replies · 844+ views
    Forbes ^ | 11/4/2009 | Robert Lenzner
    You might think that Warren Buffett's $34 billion bid for the rest of Burlington Northern Santa Fe ( BNI - news - people ) is the most eye-catching investment decision of the day. While the Oracle of Omaha's bullish bet on America is hardly insignificant, I would like to direct your attention half a world away and ostensibly in a different investment medium: spot gold. India's central bank bulked up that nation's gold reserves by 55% with the purchase of $6.7 billion worth of gold from the International Monetary Fund, which is selling gold reserves to raise funds for lending...
  • Buffett's Big Bet: $34B On 2nd-Largest Railroad

    11/03/2009 3:15:24 PM PST · by Steelfish · 31 replies · 1,262+ views
    AP Report ^ | November 03, 2009
    Buffett's Big Bet: $34B On 2nd-Largest Railroad Freight expectations: Warren Buffett goes `all-in' with $34B bet on railroads and the economy By Samantha Bomkamp,November 3, 2009 NEW YORK (AP) -- The biggest name in investing is making what he calls an "all-in wager" on the U.S. economy -- $34 billion to own a railroad that hauls everything from corn to cars across the country. The acquisition of Burlington Northern Santa Fe, the nation's second-largest railroad, would be the biggest ever for Warren Buffett's Berkshire Hathaway investment company. It's a natural fit for the Oracle of Omaha, a city with a...
  • How Warren Buffet pays no taxes (virtually no taxes)

    11/01/2009 4:57:59 PM PST · by dennisw · 29 replies · 1,738+ views
    11/14/08 | Arthur Laffer
    Arthur Laffer said-- "You can't raise taxes on the rich. These people know how to get around taxes," says Laffer. "Warren Buffett pays no taxes because all of his wealth is in unrealized capital gains. There's no tax on unrealized capital gains, so how do you get it? You have to tax poor people." LINK Warren Buffet sure talks about taxes a lot for someone who essentially doesn't pay any since the vast bulk of his wealth consists of unrealized capital gains. Appreciation of Berkshire Hathaway stock that he just sits on and never sells anyWarren Buffet lives modestly...
  • Warren Buffet BO's "WELFARE QUEEN"

    08/07/2009 6:28:39 PM PDT · by FromLori · 1 replies · 384+ views
    We have all heard plenty about Government Sachs but very little about BO supporter Warren Buffet. Since this WELFARE QUEEN just made another Fortune I thought you should see this. As a side note remember when Durbin said "Frankly the banks own the place?" He should know a thing or two about that on a personal level! Berkshire Hathaway Inc.'s earnings picked up sharply in the second quarter, reversing a first-quarter loss as the company rode a wave of gains in its vast stock portfolio. The Omaha, Neb., conglomerate run by Warren Buffett posted net income of $3.3 billion, or...
  • Buffett’s Betrayal ( A lot of Warren Buffet's so called success story is fiction)

    08/06/2009 6:24:15 AM PDT · by SeekAndFind · 18 replies · 922+ views
    Reuters ^ | 8/6/2009 | Rolfe Winkler
    When I was 14, Warren Buffett wrote me a letter. It was a response to one I’d sent him, pitching an investment idea. For a kid interested in learning stocks, Buffett was a great role model. His investing style — diligent security analysis, finding competent management, patience — was immediately appealing. Buffett was kind enough to respond to my letter, thanking me for it and inviting me to his company’s annual meeting. I was hooked. Today, Buffett remains famous for investing The Right Way. He even has a television cartoon in the works, which will groom the next generation of...
  • The Democrats' Troubled Assets

    06/15/2009 5:20:37 PM PDT · by WhiteCastle · 13 replies · 1,463+ views
    IBD Editorials ^ | June 16, 2009 | Editorial staff
    Ethics: Sen. Dick Durbin cashes out of the market and invests with a key Democratic contributor after a Treasury briefing warning of collapse. Meanwhile, Sen. Chris Dodd's Irish cottage appraises at triple the value he's disclosed.Those investors who rode the stock market down to the bitter end and saw their 401(k) accounts evaporate in the morning sun could have used the information Senate Majority Whip Durbin had at his fingertips on Sept. 19, 2008, when he sold $42,696 worth of mutual fund shares. By the end of September, Durbin had sold investments totaling $116,000.
  • Berkshire Hathaway Energy Chair: House Bill Will Add $120 Tax on Monthly Electric Bill

    06/09/2009 5:45:47 PM PDT · by Rufus2007 · 12 replies · 832+ views
    businessandmedia.org ^ | June 9, 2009 | Jeff Poor
    Don't think that cap-and-trade legislation comes at a cost? Well, think again. In a June 9 interview on Bloomberg as the U.S. House of Representatives was considering the Waxman-Markey bill, David Sokol, chairman of Berkshire Hathaway Inc’s (NYSE:BRK.A) MidAmerican Energy Holdings and a contender to succeed Warren Buffett as Berkshire Hathaway’s CEO, explained capping carbon dioxide (CO2) would be a policy decision his industry would deal with, but trading emission credits was another matter. “Let me break it in two parts,” Sokol said. “The caps – trying to reduce CO2 by 83 percent by 2050 and then some interim steps...
  • Could Municipal Bonds Really Default?

    04/23/2009 10:52:56 AM PDT · by george76 · 29 replies · 1,607+ views
    SmartMoney ^ | April 23, 2009 | Reshma Kapadia
    When Warren Buffett speaks, it’s usually worth paying attention. This time, the Oracle of Omaha is voicing concerns about the ability of some battered local and state governments to pay off their debts. The idea of cities and states facing insolvency is alarming for sure, and Buffett isn’t alone. Moody’s recently assigned a “negative outlook” to the creditworthiness of all the nation’s local governments. The agency has rarely made such a sweeping generalization but said the magnitude of this recession warranted the move. The comments are the latest to have shaken the once-staid world of municipal bond investing. Traditionally, muni...
  • Depressed Americans View the 60 Day Wonder

    03/23/2009 4:31:20 AM PDT · by PurpleMountains · 5 replies · 583+ views
    From Sea to Shining Sea ^ | 3/23/09 | Purple Mountains
    Traditional Americans who love their country as it is are aghast at the socialization program that is under way, the unimaginable debt being piled up, and the ineptness and the incompetence of Obama, his staff and his appointees. Perhaps many of us, like me, came from poverty in childhood, and have achieved a standard of living beyond our wildest dreams. What we want most is for our children and our grandchildren (and for legal immigrants) to have the same opportunities and freedoms to succeed (and sometimes to fail) that we had. Almost all of the people I talk to are...
  • That thud you just heard was Warren Buffett throwing Obama under the bus

    03/11/2009 6:03:16 PM PDT · by slomark · 33 replies · 1,052+ views
    [VIDEO] Excerpt: Then came Warren’s big but (which is totally unrelated to Michelle Obama’s big butt): “…Job one is to win the war, the economic war. Job two is to win the economic war. And job three. And you can’t expect people to unite behind you if you’re trying to jam a whole bunch of things down their throat. So I would, I would absolutely say for the, for the interim, till we get this one solved, I would not be pushing a lot of things that are, you know, are contentious. And I also, I also would do no...
  • Labor Bill Faces Threat in Senate

    03/10/2009 2:26:56 AM PDT · by CutePuppy · 4 replies · 765+ views
    Wall Street Journal (public) ^ | March 10, 2009 | Melanie Trottman and Brody Mullins
    WASHINGTON -- Key Senate Democrats are wavering in their support of legislation that would give more power to labor unions, dealing a setback to labor's top priority as businesses warn of the damage the bill would cause. A woman wears a model house on her head during a rally in Washington to support the "Employee Free Choice Act." The battle over the "Employee Free Choice Act" -- expected to be introduced Tuesday -- is seen as a power struggle among labor unions and businesses, as well as a test of whether moderate Democrats and Republicans will push back on Democratic...
  • Buffett sticks to his view that shares are best long-term investment

    03/09/2009 12:41:00 PM PDT · by SeekAndFind · 10 replies · 579+ views
    The Guardian ^ | March 9,2009 | Ian Griffiths
    Warren Buffett, the US investor dubbed the Sage of Omaha, continues to be a cheerleader for equities despite recent spectacular misjudgments on the timing of his buy and hold philosophy. In a wide ranging interview with the CNBC television todayhe insisted that over 10 years, "you will do considerably better owning a group of equities" than US treasury bonds. This echoed his comments to the New York Times in Oct­ober that he was buying US equities. Since then the Dow Jones industrial average has fallen by over 26% and more than 2,300 points as it tests lows which have not...
  • Buffett: GOP Should Unite Behind Obama

    03/09/2009 10:41:58 AM PDT · by pissant · 143 replies · 3,200+ views
    NY Daily News ^ | 3/9/09 | staff
    After saying the economy has “fallen off a cliff,” legendary investor Warren Buffett this morning rapped political leaders for not being united enough in dealing with what he called an “economic Pearl Harbor” about six months ago. Buffett, who supported Barack Obama in the election, didn’t let Democrats skate, but he particularly singled out the GOP. “They really do have an obligation to support things that are clearly designed to fight the war in a big way,” Buffett said on CNBC’s “Squawk Box” this morning. “I think that the Republicans have an obligation to recognize this as an economic war...
  • Warren Buffett says economy fell off a cliff

    03/09/2009 7:03:11 AM PDT · by freespirited · 14 replies · 660+ views
    Yahoo ^ | 3/9/09 | Josh Funk
    Billionaire Warren Buffett said unemployment will likely climb a lot higher depending upon how effective the nation's policies are, but he remains optimistic over the long term. Buffett said the nation's leaders need to support President Barack Obama's efforts to repair the economy because fear is dominating Americans' behavior and the economy has basically followed the worst-case scenario he envisioned. "It's fallen off a cliff," Buffett said Monday during a live appearance on CNBC. "Not only has the economy slowed down a lot, but people have really changed their habits like I haven't seen." ... He predicted that unemployment will...
  • Buffet Says Pres Can't Expect Unity if the "Majority Party Kicks the Minority Party Around" - Video

    03/09/2009 6:43:33 AM PDT · by Federalist Patriot · 5 replies · 569+ views
    Freedom's Lighthouse ^ | March 9, 2009 | BrianinMO
    In another clip from the CNBC interview today, Billionaire investor Warren Buffet said there are "too many cooks in the kitchen" in Washington, D.C., referring to too many voices speaking out on what needs to happen to turn the Economy around. Buffet likens the current crisis to an "economic Pearl Harbor," and said if it is a war then you cannot have every member of Congress planning battle strategy and then second-guessing every move that is made. But at the same time, Buffet seemed to take a shot at the Democrats and President Obama when he said that if you...
  • Billionaire Warren Buffet Says U.S. Economy has "Fallen Off a Cliff" - Video 3/9/09

    03/09/2009 6:25:19 AM PDT · by Federalist Patriot · 15 replies · 974+ views
    Freedom's Lighthouse ^ | March 9, 2009 | BrianinMO
    Here is video of Billionaire Warren Buffet in an interview with CNBC today saying in an interview that the U.S. Economy has "fallen off a cliff." Buffet says he has seen more drastic changes in American consumers than at any time in his lifetime. He believes the fear Americans have has changed their spending habits, and that will not be altered quickly. Buffet said the core of the problem goes back to the belief that housing prices could only go up and never down, a belief he said everyone had - including himself. Buffet said this economic disaster will end,...
  • Is This the End of Warren Buffett? (The Oracle of Omaha is losing his touch)

    01/27/2009 7:33:52 PM PST · by SeekAndFind · 25 replies · 1,445+ views
    TheStreet ^ | Jan 27,2009 | Doug Kass
    "All good things must come to an end, but all bad things can continue forever." -- Unknown Last week, I suggested that Warren Buffett's star was crashing back to earth. Barron's Senior Editor Andrew Bary penned a similar piece over the weekend. Armed with some additional information, I have made tentative conclusions regarding the intrinsic value of Berkshire Hathaway's (BRK.A Quote - Cramer on BRK.A - Stock Picks) common shares. At year-end 2007, Berkshire's investment portfolio had a cost of $39.2 billion and a market value of $75 billion. Since the end of third quarter 2008, the value of Berkshire's...
  • A BYD For the U.S. Market; Chinese Automaker Eyes Toledo for Plant Site (Warren Buffett)

    01/13/2009 12:45:12 PM PST · by fight_truth_decay · 8 replies · 648+ views
    Toledoblade ^ | Jan 13, 2009 | Staff
    DETROIT - Fledgling Chinese automaker BYD Auto Co. Ltd. - a Chinese battery maker with backing for its auto venture from billionaire Warren Buffet - announced yesterday that it plans to formally enter the crowded and competitive U.S. auto market by 2011. Eyes Toledo for Plant Site
  • Rich People Versus Politicians

    01/07/2009 7:32:38 AM PST · by Kaslin · 5 replies · 644+ views
    Townhall.com ^ | January 7, 2009 | Walter E. Williams
    Sometimes I wish there were a humane way to get rid of the rich. Without the rich for whipping boys, we might be able to concentrate on what's best for the 99 and a half percent of the rest of us. Warren Buffett and Bill Gates, with about $60 billion in assets each, are America's richest men. With all that money, what can they force us to do? Can they take our house to make room so that another person can build an auto dealership or a casino parking lot? Can they force us to pay money into the government-run...
  • Rich People Versus Politicians

    01/07/2009 8:57:29 AM PST · by dbz77 · 3 replies · 415+ views
    TownHall ^ | January 7, 2009 | Walter E. Williams
    Sometimes I wish there were a humane way to get rid of the rich. Without the rich for whipping boys, we might be able to concentrate on what's best for the 99 and a half percent of the rest of us. Warren Buffett and Bill Gates, with about $60 billion in assets each, are America's richest men. With all that money, what can they force us to do? Can they take our house to make room so that another person can build an auto dealership or a casino parking lot? Can they force us to pay money into the government-run...
  • New Monetary System on the Horizon - The G-20’s Secret Debt Solution

    11/14/2008 3:36:35 AM PST · by Beloved Levinite · 28 replies · 1,922+ views
    Money And Markets ^ | 11-13-08 | Larry Edelson
    The G-20’s Secret Debt Solution by Larry Edelson 11-13-08 If you think this weekend’s G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again. Behind the scenes, a far more fundamental fix is being discussed — the possible revaluation of gold and the birth of an entirely new monetary system. I’ve been studying this issue in great depth, all my life. And given the speed at which the financial crisis is unfolding, I would be very surprised if what I’m...
  • Gates, Buffett back Obama ahead of elections ( Gates is a liberal )

    11/04/2008 3:28:05 PM PST · by Halfmanhalfamazing · 42 replies · 1,583+ views
    MSN ^ | November 3rd
    Los Angeles: Barack Obama has promised to increase taxes if he becomes president of the United States. But the really rich want change and many of them have said they are voting for the senator from Illinois. Despite the tradition that says the country's wealthy tend to favour the Republican Party, there has been an unexpected swing ahead of Tuesday's election that favours the black Democratic candidate. For starters, the country's two richest men, Warren Buffett and Bill Gates, have already said they will vote for Obama. According to Forbes magazine, Gates - worth an estimated $55.5 billion - contributed...
  • Obama Billionaire Supporters are Causing Market Headwinds

    10/28/2008 7:21:27 PM PDT · by samsmom · 34 replies · 1,890+ views
    Seeking Alpha.com ^ | October 27, 2008 | Jason Schwarz
    Market turmoil gets Barack Obama elected. He knows this and more importantly, so do his supporters. A survey released by Prince and Associates, shows that 75% of voters worth $1 million to $10 million are favoring John McCain, but of those voters worth more than $30 million, two-thirds support Obama. It's no secret that the majority of uber rich individuals despise the current administration and are willing to do whatever they can to get new blood into the White House; even if it comes under conditions of an economic collapse. These Obama billionaires, led by famed market manipulator George Soros,...
  • Obama Advisor Buffet Gives Millions to Pro-Abortion Groups

    10/21/2008 10:00:31 AM PDT · by julieee · 6 replies · 629+ views
    LifeNews.com ^ | October 21, 2008 | Steven Ertelt
    Washington, DC -- During the third and final presidential debate last week, Barack Obama mentioned investment guru Warren Buffet as a financial advisor. Obama called Buffet a "my friend and supporter," but failed to mention Buffet has given millions of dollars to pro-abortion groups.
  • McCain: "I have great respect for Al Gore."

    10/02/2008 5:27:12 PM PDT · by mike-zed · 123 replies · 5,936+ views
    Reuters ^ | Thu Oct 2, 2008 | Jeff Mason
    He said he would involve former Vice President Al Gore in efforts to address the issue. "I would tap him, I would tap people who have been involved in these issues for many years." McCain noted that he disagreed with the Nobel Peace Prize winner about nuclear energy but added, "I have great respect for Al Gore."
  • George Soros, Maurice Strong and company redefine the Middleclass (Must read)

    09/27/2008 8:41:02 AM PDT · by maggief · 49 replies · 3,733+ views
    Canada Free Press ^ | September 26, 2008 | Judi McLeod
    <p>George Soros, Al Gore, Warren Buffet, Maurice StrongThe Democrat-loving mainstream media is missing the boat on Warren Buffet’s take of America’s economic meltdown as …”a sort of economic Pearl Harbor we’re going through.”</p> <p>That being the case, then surely the first question should be: “Who is attacking the U.S.?”</p>
  • (2005) Investigation of Insurance Puts Buffett in a Spotlight (AIG meltdown)

    09/22/2008 3:41:05 PM PDT · by Liz · 27 replies · 451+ views
    NY TIMES ^ | March 28, 2005 | TIMOTHY L. O'BRIEN
    March 28, 2005 .....investigators on three continents are examining Buffet's Berkshire insurance affiliates .......the company is in the unfamiliar position of having to defend its integrity. Berkshire insurance affiliates are involved in what investigators describe as possible financial manipulation at insurance giants like AIG and Zurich Financial Services Group. Investigators are trying to determine the extent of senior executives who oversaw insurance operations that sold products at the core of international regulatory scrutiny. The broad investigation into the insurance industry has already brought down top executives including Maurice R. Greenberg, the former chief executive of AIG.........regulators are looking at a...
  • Buffett sees "long, deep" U.S. recession (Shut up already, Warren!)

    BERLIN (Reuters) - The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday. He said the United States was "already in recession" and added: "Perhaps not in the sense that economists would define it" with two consecutive quarters of negative growth. "But the people are already feeling the effects," said Buffett, the world's richest man. "It will be deeper and last longer than many think." But he said that won't stop him from...
  • Obama for President? Be serious. (Oldie, but a Goodie)

    03/25/2008 12:33:14 PM PDT · by 2ndDivisionVet · 5 replies · 921+ views
    Political Gateway ^ | January 17, 2007 | Andy Martin
    In the 1960's I had a lady friend who loved Robert Redford. So, naturally, I got dragged to all of Redford's movies. I saw "The Candidate" several times. In that film, Mr. McKay (Redford), a "community organizer" like Barack Obama, hatches a slogan, "McKay, The Better Way" to run for office. Ironically, Barack "Barry" Obama has now chosen "The Better Way" as his mantra through February 10th. Well. Obama's slogan has about as much substance as the celluloid version popularized by Robert Redford. Obama is entirely a creation of wealthy contributors and powerful, liberal media interests. So what he does...