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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...