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Keyword: warrenbuffett

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  • Warren Buffett spent how much promoting abortion?

    07/11/2014 6:16:50 AM PDT · by wagglebee · 13 replies
    LifeSiteNews ^ | 7/10/14 | Peter Saunders
    The world’s fourth richest person, Warren Buffett, ploughed $1.23 billion into abortion groups over eleven years, a media watchdog has found. The Media Research Center (MRC), which analysed tax returns for Buffett’s foundation, labeled him the ‘king of abortion’. The MRC says the money given ‘is enough to pay for the abortions of more than 2.7 million babies in the womb’ – which, it points out, equates to the entire city of Chicago. MRC’s report lays out the money Buffett’s foundation gave between 2001 and 2012, saying it amounted to $1,230,585,161. The money was given to groups which either ‘provided abortions themselves...
  • How Warren Buffett Milks Consumers & Taxpayers Through Wind Energy

    05/28/2014 10:45:21 AM PDT · by george76 · 9 replies
    NLPC ^ | 05/21/2014 | Fred N. Sauer
    wind energy is highly inefficient and requires additional transmission lines and back-up gas generators when the wind doesn't blow. Yet, windmills keep getting built, thanks to government subsidies. But it is very hard to trace these subsidies. Vague statements about "tax credits" and "mandates" give no hint of the magnitude of returns that these subsidies provide to crony windmillers. Indeed, in the Carnahan Special Report, we had to burrow into financial statements of a foreign company and its subsidiary to understand where all the money was going. The principal information was buried in an arcane note to these financial statements....
  • HEDGE FUND MANAGER: Warren Buffett 'Is Basically A Tax Evader'

    05/15/2014 5:31:37 PM PDT · by george76 · 15 replies
    Business Insider ^ | May 15, 2014 | Julia La Roche
    Macro fund manager John Burbank of Passport Capital joked that Warren Buffett is "basically a tax evader" at the SALT conference and attendees started clapping and laughing. ... "I just hate when he tells you to pay taxes," Burbank added to more cheers and laughs from the crowd. "That's a different concept. If you're asking me if he's become somewhat hypocritical. I don't want to go there. What I'm saying is his returns after tax are phenomenal. And nobody talks about the fact that he's tax efficient. Political views, etc. I don't want to go there," Cooperman said.
  • Buffett reassures investors on his firms future

    05/03/2014 1:00:23 PM PDT · by Olog-hai · 2 replies
    Associated Press ^ | May 3, 2014 2:41 PM EDT
    Billionaire Warren Buffett says he remains confident in his companys prospects even though he recommended in his will that most of his wifes inheritance be invested in an S&P 500 index fund. [] Buffett says his plan for his wifes inheritance is designed to provide peace of mind, not generate growth.
  • Cuomo seeks immediate action on oil-train safety issues [Warren Buffett shakedown]

    05/01/2014 7:00:13 AM PDT · by Fitzy_888 · 13 replies
    Gannett ^ | April 30, 2014 | Brian Tumulty
    WASHINGTON New York Gov. Andrew Cuomo urged the White House Wednesday to give "immediate attention'' to safety issues involving the increased use of freight trains to transport crude oil. He made his comments just hours before the latest derailment in Lynchburg, Va. Cuomo later said the accident and other recent derailments are "a startling pattern that underscores the need for action." "In addition to steps that states like New York are taking, the federal government must overhaul the safety regulations, starting with taking DOT-111 trains off the rails now," he said in a statement. "These trains travel through populated...
  • Online newspaper Alaska Dispatch buys Anchorage Daily News for $34 million

    04/16/2014 6:47:00 PM PDT · by george76 · 4 replies
    ap ^ | April 8, 2014 | MARK THIESSEN
    Alaska Dispatch Publishing LLC, the parent company of the online newspaper the Alaska Dispatch, will purchase the Anchorage Daily News from The McClatchy Co. for $34 million. The sale is expected to close in May. ... Billionaire Warren Buffett's company, Berkshire Hathaway, owns 31 small- and medium-sized daily newspapers. It has bought most of those newspapers since 2011 at bargain prices. Including weekly papers and other publications, Berkshire owns 70 newspapers.
  • Here's Why Warren Buffett and General Electric Are Betting Big on Natural Gas

    04/07/2014 5:33:14 AM PDT · by thackney · 7 replies
    Motley Fool ^ | March 30, 2014 | Jason Hall
    "Our confidence is justified both by our past experience and by the knowledge that society will forever need massive investments in both transportation and energy." -- Warren Buffett, 2013 letter to Berkshire Hathaway shareholders According to the company's most recent fact sheet, Berkshire Hathaway subsidiary BNSF Railways ships enough coal every year to power 10% of America's houses, and enough crude oil to fill the gas tanks of nearly 650,000 cars every day. Transporting energy is pretty important to BNSF, and BNSF is pretty important to Berkshire, having generated some $3.8 billion in net income in 2013. At the same...
  • The Best of Charlie Munger

    05/21/2002 3:02:44 PM PDT · by arete · 5 replies · 637+ views
    Motley Fool ^ | 5/15/02 | Whitney Tilson
    Charlie Munger, who runs Wesco Financial, is the famed right-hand man of Warren Buffett. He is also a master investor in his own right. At Wesco's annual meeting a week ago, he shared his always-blunt opinions on Berkshire Hathaway, the scandalous ethics in the accounting, law, and investment banking professions, and more. Warren Buffett is generally acknowledged to be the greatest investor ever -- one of the reasons why 13,000 people flocked to the recent annual meeting of his investment vehicle, Berkshire Hathaway (NYSE: BRK.A). But closely following Buffett are a handful of other legendary investors, including his long-time partner,...
  • Is Buffett Hazardous To Your Wealth?

    05/27/2003 3:31:05 PM PDT · by Steven W. · 5 replies · 425+ views
    Forbes ^ | 05/27/03 | Vahan Janjigian
    First stock options, then earnings guidance, and now taxes on dividends. America's most successful investor has taken positions on key issues that could harm businesses and their shareholders. According to our latest Billionaires List, Warren Buffett is the world's second-richest person. He got that way by being a very savvy investor. However, it seems that the severe bear market, the dozen or so corporate scandals that have taken place in recent years, and the "unfair" distribution of wealth have convinced Mr. Buffett that systemic reforms are required, that corporate managements cannot be trusted and that the double taxation of corporate...
  • Berkshire-Hathway Pulls the Plug on Planned Parenthood

    07/03/2003 5:42:19 PM PDT · by invstg8r · 74 replies · 682+ views
    Berkshire-Hathaway Website ^ | 7-3-03 | invstg8r
    Today Berkshire-Hathaway has announced that it will stop its shareholder-designated contributions program. Quote from the Berkshire-Hathaway press release: "Berkshire Hathaway has terminated its shareholder-designated contributions program, which has distributed approximately $197 million since it was begun in 1981. This program has allowed holders of Berkshires A shares to designate a per-share sum for the company to contribute to as many as three charities, the only requirement being that the designee have 501(c)(3) status. The program thus allowed a wide diversity of donations, some of them controversial but all outside the control of Berkshire." The entire press release can be viewed...
  • Ahnold Recruits Warren Buffet As Economic Advisor

    08/13/2003 11:56:19 AM PDT · by presidio9 · 84 replies · 430+ views
    AP Wire | 8/13/03
    Developing...
  • Listening To Warren Buffet Could Create The Next Depression

    05/09/2003 5:44:23 AM PDT · by Stand Watch Listen · 82 replies · 1,338+ views
    Toogood Reports ^ | May 9, 2003 | Mary Mostert
    At the risk of being tarred and feathered by Warren Buffet devotees, who live by every word that escapes his mouth, Im not at all convinced that his pronouncements are good for America. Warren Buffet basically has made his billions by purchasing companies below their true market value and then using conservative business decisions to grow them. There is no doubt this is a workable money-making strategy and making money appears to be Buffets primary goal in life. He did not buy computer-based .com businesses during the 1990s that were the major instruments of the incredible rise in stock market...
  • The Greening of Arnie S. (his circle of liberal advisers growing wider by the day)

    09/13/2003 4:52:59 PM PDT · by churchillbuff · 40 replies · 301+ views
    Spectator ^ | Sep 12, 03 | George Neumayr
    Republicans gather this weekend in Los Angeles for the country club coronation of Arnold Schwarzenegger. Will any notice that the former Mr. Universe emperor still has no clothes on? The more one examines the Schwarzenegger campaign, the more nakedly liberal it appears. It appears that the circle of liberal advisers around Schwarzenegger is not contracting but growing wider by the day. Robert Kennedy Jr., a wild-eyed left-wing environmentalist, is "advising him on strategy," reported the Los Angeles Times this week in a piece entitled "Schwarzenegger is the GOP's Green Candidate." Even the Times can put two and two together, observing...
  • The Greening of Arnie S. (George Neumayr)

    09/12/2003 12:49:39 AM PDT · by nickcarraway · 19 replies · 309+ views
    The American Prowler ^ | 9/12/2003 | George Neumayr
    Republicans gather this weekend in Los Angeles for the country club coronation of Arnold Schwarzenegger. Will any notice that the former Mr. Universe emperor still has no clothes on? The more one examines the Schwarzenegger campaign, the more nakedly liberal it appears. It appears that the circle of liberal advisers around Schwarzenegger is not contracting but growing wider by the day. Robert Kennedy Jr., a wild-eyed left-wing environmentalist, is "advising him on strategy," reported the Los Angeles Times this week in a piece entitled "Schwarzenegger is the GOP's Green Candidate." Even the Times can put two and two together, observing...
  • Schwarzenegger meets with Bush, expects 'a lot' of federal money

    02/24/2004 1:19:55 PM PST · by calcowgirl · 44 replies · 282+ views
    AP via North County Times ^ | February 23, 2004 | ERICA WERNER
    WASHINGTON (AP) -- Gov. Arnold Schwarzenegger emerged from meetings at the White House and the Capitol Monday predicting he would get "a lot" more federal money for California, but citing no specific commitments. The governor met in a group with President Bush and one-on-one with Sen. Ted Stevens, R-Alaska, chairman of the Senate Appropriations Committee. He said afterward he expects the money to come. "I expect to get a lot of it simply because, you know, I'm very persuasive and I'm like, you know, a tick that hangs on it and will not let go until I get what I...
  • Schwarzenegger Adviser Buffett Suggests California Property Taxes Are Too Low

    08/15/2003 10:23:44 AM PDT · by Pubbie · 230 replies · 1,521+ views
    The Wall Street Journal ^ | August 15, 2003 | JOSEPH T. HALLINAN
    Targeting State's Proposition 13 Is Unlikely Republican Stance Warren Buffett, the billionaire financial adviser to Arnold Schwarzenegger's campaign for California governor, strongly suggested in an interview that the state's property taxes need to be higher. Mr. Buffett, the chairman of Berkshire Hathaway Inc., took on California's famous Proposition 13, which has limited property taxes there since 1978. As an example, he pointed out the difference between his own property-tax bills for homes he owns in California and Nebraska. His home in Omaha, he said, is valued at roughly $500,000. His current yearly property tax bill on that home: $14,401. In...
  • What do you think of Warren Buffet?

    08/17/2003 2:07:41 PM PDT · by farmer18th · 197 replies · 1,097+ views
    vanity ^ | 8-17-2003 | self
    I suppose I took an interest in Warren Buffet when my wife discovered, courtesy of a newspaper account in the mid 1980s, that a college friend of mine was the son of Warren's Vice Chairman, Charlie Munger. Up to that point, he seemed to be essentially what the media portrayed him to be: a fantasticly successful investor with a home-spun wit. His sinister side, of course, came out this week with his proposition 13 comments, and it brought to mind the other public part of his life, unrelated to investing and finance. He apparently gives very little to charity and...
  • Squanderville versus Thriftville (Warren Buffet)

    01/07/2004 8:35:03 PM PST · by dennisw · 35 replies · 54,978+ views
    fortune ^ | oct 2003 | Warren Buffet
    By Warren E. Buffett, FORTUNE I'm about to deliver a warning regarding the U.S. trade deficit and also suggest a remedy for the problem. But first I need to mention two reasons you might want to be skeptical about what I say. To begin, my forecasting record with respect to macroeconomics is far from inspiring. For example, over the past two decades I was excessively fearful of inflation. More to the point at hand, I started way back in 1987 to publicly worry about our mounting trade deficits -- and, as you know, we've not only survived but also thrived....
  • Superrich stand to profit from Kerry

    04/16/2004 11:30:35 PM PDT · by JohnHuang2 · 10 replies · 451+ views
    WorldNetDaily.com ^ | Saturday, April 17, 2004 | John Berlau
    By John Berlau 2004 Insight/News World Communications Inc. Though President Bush constantly is criticized and attacked by Democratic partisans for pursuing policies that benefit "the wealthy," why are so many of what would be considered America's superrich his political opponents? In addition to the Hollywood mega-elite, which since the death of Sam Goldwyn have opposed the GOP mainly for cultural reasons, billionaire businessmen have stepped forward calling for the defeat of Bush or his policies. Most prominent has been speculator George Soros, who has pledged to raise $75 million to defeat Bush, given millions to Democratic Bush-bashing groups such...
  • Kerry's seeking bad advice

    05/06/2004 6:46:38 PM PDT · by wagglebee · 18 replies · 239+ views
    Townhall.com ^ | 5/6/04 | Alan Reynolds
    Sen. John Kerry recruited two famous businessmen to what The New York Times described as his "motley team" of economic advisers. Kerry turned to Steve Jobs of Apple Computer and Warren Buffet of Berkshire Hathaway. (When Kerry said he was fighting for Jobs, we didn't realize he meant Steve). Buffett is the second wealthiest man in the world. Steve Jobs just received America's second largest executive pay package. Both are amazingly talented at what they do. But what they do not do is economics. Until now, nobody imagined Steve Jobs had any interest in economics. Buffett, on the other hand,...
  • Warren Buffett and Charles Munger speak

    05/14/2005 3:54:44 PM PDT · by blueberry12 · 25 replies · 5,017+ views
    Fortune 500 | May 2, 2005 | Jason Zweig
    The following is an edited and approximate transcript of their remarks. On real estate Buffett: "A lot of the psychological well being of the American public comes from how well they've done with their house over the years. If indeed there's been a bubble, and it's pricked at some point, the net effect on Berkshire might well be positive [because the company's financial strength would allow it to buy real-estate-related businesses at bargain prices].... "Certainly at the high end of the real estate market in some areas, you've seen extraordinary movement.... People go crazy in economics periodically, in all kinds...
  • Is this a last hurrah for the ol' greenback

    11/23/2005 5:46:13 PM PST · by Daralundy · 18 replies · 1,433+ views
    Telegraph ^ | November 24, 2005 | Ambrose Evans Pritchard
    The world's two richest men have both lost a slice of their fortunes this year betting against the dollar. Microsoft's Bill Gates said with fulminating certainty in Davos last January that it was time to "short" the greenback. "The ol' dollar is going down. It is a bit scary. We're in uncharted territory when the world's reserve currency has so much outstanding debt," he said. His friend Warren Buffet kept pace, switching $22billion (13billion) of Berkshire Hathaway funds into foreign currencies. He said it pained him as an American, and broke the habits of a life-time. But a country living...
  • Buffet: We're here for the long haul

    05/10/2006 5:19:51 AM PDT · by SJackson · 3 replies · 440+ views
    Jerusalem Post ^ | 5-10-06 | SUSAN LERNER
    Buffet: We're here for the long haul "If it gives Israel a shot in the arm, that's great," he tells Post. While strategists continued to project good things for Israel Tuesday in the wake of Warren Buffett's $4 billion investment in Iscar Ltd., the man at the center of the euphoria was thrilled to have found a place in the country. "We're going to be in Israel way beyond my lifetime," the chief executive officer of Berkshire Hathaway Inc. told The Jerusalem Post in a telephone interview late Monday night from the company's Omaha, Nebraska headquarters. "There was enormous enthusiasm...
  • Pro-lifers against Buffett-Gates alliance

    06/30/2006 12:09:04 PM PDT · by presidio9 · 71 replies · 1,206+ views
    Associated Press ^ | 06/30/06 | DAVID CRARY
    Warren Buffett's new philanthropic alliance with fellow billionaire Bill Gates won widespread praise this week, but anti-abortion activists did not join in, instead assailing the two donors for their longtime support of Planned Parenthood and international birth-control programs. The Bill and Melinda Gates Foundation, to which Buffett has pledged the bulk of his $44-billion fortune, devotes the vast majority of its funding to combating disease and poverty in developing countries. Less than 1 percent has gone to Planned Parenthood over the years. "The merger of Gates and Buffett may spell doom for the families of the developing world," said the...
  • The Oracle of Omaha says Nuke Attack a CERTAINTY (MY TITLE)

    05/05/2002 6:53:43 PM PDT · by CreekerFreeper · 46 replies · 500+ views
    The DrudgeReport ^ | 5/5/2002 | Matt Druge
    BUFFETT: NUKE TERRORIST ATTACK 'WILL HAPPEN... VIRTUALLY A CERTAINTY'...
  • Warren Buffet and Hillary: Hillary Cackles At Mean-Spirited Joke

    06/27/2007 1:39:21 PM PDT · by KJC1 · 22 replies · 1,595+ views
    Fox News/Cavuto
    On FoxNews a little while ago, they showed a video clip of Warren Buffet speaking at what looked like a Hillary campaign fundraiser. I can't find the video on Fox's site, YouTube, or Google video, so it seems like it isn't up yet. From memory it went like this: Buffet: My idea is that you make a company so good that even an idiot can run it, because you know that one day an idiot will end up running it! (Audience laughter) Buffet: Kind of like this country, where even an idiot can run it, and is... (LOUD cackling from...
  • Man Tries to Break Into [Warren] Buffett's Home

    09/06/2007 4:23:39 PM PDT · by murdoog · 16 replies · 639+ views
    Forbes ^ | 09.06.07, 1:39 PM ET | Associated Press
    OMAHA, Neb. - A man with camouflage paint on his face and a fake gun tried to break into to billionaire Warren Buffett's house but fled after a scuffle with a security guard, police said Thursday. Buffett's wife, Astrid, summoned the guard after the doorbell rang shortly after 10 p.m. Wednesday, police said. The security guard found the man, dressed all in black, on the home's front porch and confronted him, police said. The man struck the guard on the head, then fled and remained at large Thursday. Neither Buffett, who was home at the time, nor his wife was...
  • Buffett Said to Consider Bear Stake

    09/26/2007 5:26:51 PM PDT · by oblomov · 11 replies · 120+ views
    NYTimes ^ | 9/27/2007 | LANDON THOMAS Jr.
    Bear Stearns, its shares and reputation beaten down after the collapse of two hedge funds, is in serious talks to sell as much as 20 percent of the firm, with several individual investors, including Warren E. Buffett, expressing an interest, people briefed on the discussions said today. Other investors who have expressed an interest in buying a minority stake include the Bank of America, Wachovia and two Chinese institutions the Citic Group and China Construction Bank, these people said. Such expressions of interest will help bolster Bear and its chief executive, James E. Cayne, who has struggled to restore...
  • Warren Buffett

    11/04/2007 5:51:47 AM PST · by Cassandra Oz · 32 replies · 82+ views
    Brookes News ^ | 9th June 2007 | Gerard Jackson
    Buffett may be brilliant when it comes to picking stocks but in the field of economics he is a blithering buffoon. I have no way of knowing why Buffett has attached his colours to the Democrats, a party whose policies can be summed up in three slogans: raise taxes, raise government spending, regulate the economy. And keep on doing it until the economy sinks into stagnation, at which point they can blame everyone but themselves. (I know that the Republicans spending record has been dismal, but at lease most of them can be made to see the light. This is...
  • 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 Buffets take of Americas economic meltdown as a sort of economic Pearl Harbor were going through.</p> <p>That being the case, then surely the first question should be: Who is attacking the U.S.?</p>
  • 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.
  • 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,...
  • 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...
  • 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...
  • 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...
  • 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
  • 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,...
  • 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...
  • 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...
  • 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, didnt 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 CNBCs Squawk Box this morning. I think that the Republicans have an obligation to recognize this as an economic war...
  • 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...
  • 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 Warrens big but (which is totally unrelated to Michelle Obamas 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 cant expect people to unite behind you if youre 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...
  • 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, its 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 isnt alone. Moodys recently assigned a negative outlook to the creditworthiness of all the nations 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...
  • 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 Incs (NYSE:BRK.A) MidAmerican Energy Holdings and a contender to succeed Warren Buffett as Berkshire Hathaways 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...
  • Buffetts 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 Id 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 companys 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...
  • 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...
  • 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 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...
  • 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 worlds most successful capitalist and is less famous for being the worlds biggest philanthropist.
  • 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...