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Keyword: warrenbuffett

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  • MICHAEL STEINHARDT BLASTS WARREN BUFFETT

    08/09/2011 6:42:25 PM PDT · by george76 · 4 replies
    YouTube ^ | Apr 5, 2011 | MICHAEL STEINHARDT
    Just after dawn, hedge fund manager Michael Steinhardt appeared on CNBC as the token contrarian in the Titans of Groupthink series. After some pleasantries we hit the 6 minutes mark where the formerly trite narrative experienced a flash crash. In the most candid discussion of the truth in America, Steinhardt said that "we live in an inland sea of calm waters while surrounding us are turbulent, horrible places," to which everyone nodded soberly in agreement, unaware of what was coming next. "America seems almost as insular as it has in times past," He continued. "America is not the wonderful place...
  • The "Quadruple A" President

    08/09/2011 12:21:46 PM PDT · by The Looking Spoon · 1 replies
    The Looking Spoon ^ | 8-9-11 | Jared H. McAndersen
  • Berkshire, Other Insurers Get ‘Negative’ Tag from S&P.

    08/08/2011 5:24:50 PM PDT · by STARWISE · 6 replies
    Wall Street Journal ^ | 8-8-11 | Shira Ovide
    <p>After Standard & Poor’s bit an appendage from the U.S.’s credit rating, the credit-rating firm is smelling blood in the water at Warren Buffett’s Berkshire Hathaway.</p> <p>Berkshire, which make big chunks of money from its insurance and reinsurance businesses, is spared the loss of its AA+ rating for now. But S&P marked Berkshire’s outlook down to “negative” from stable.” UPDATE: Buffett told Fox Business Network he isn’t surprised about S&P’s move. S&P had telegraphed plans to knock down insurers if the U.S. were downgraded.</p>
  • Warren Buffett: "In Omaha The US Is Still Triple A" ('I'd even give America Quadruple-A')

    08/06/2011 7:14:30 AM PDT · by SeekAndFind · 46 replies · 1+ views
    Business Insider ^ | 08/05/2011 | Gus Lubin
    America's most trusted investor, Warren Buffett roundly dismissed the S&P downgrade in comments to Fox Business. "I don't get it. In Omaha, the U.S. is still triple A. In fact, if there were a quadruple-A rating, I'd give the U.S. that." Berkshire's exposure to treasuries is significant, but he says he doesn't plan to sell. Buffett sounded no alarm bells about the downgrade, going so far as to say it wouldn't have much effect on the markets Monday. "If nothing else takes place, meaning, if all other variables hold and there isn't say, a new problem in Europe, it won't...
  • Too many customers? (Warren Buffett and Population Control)

    05/11/2011 1:20:59 PM PDT · by wagglebee · 33 replies
    LifeSiteNews/Legatus ^ | 5/10/11 | Steve Mosher
    May 10, 2011 (LifeSiteNews.com) – Warren Buffett apparently thinks you can have too many customers. Several years ago, I went toe-to-toe with Buffett — and won. The occasion was the Berkshire Hathaway annual meeting. I had introduced a resolution designed to stop company funds from being spent on population control and abortion campaigns. Buffett, you see, was convinced that there were too many people on the planet and, as the company’s majority shareholder, he was using company money to try and reduce their number. Buffett is not a religious man, so I made the argument in economic terms that any...
  • Pro-life Truth Truck unmasks Warren Buffett’s abortion agenda to shareholders

    05/05/2011 12:35:35 PM PDT · by wagglebee · 27 replies
    LifeSiteNews ^ | 5/5/11 | Operation Rescue
    Omaha, NE, May 5, 2011 (OperationRescue.org) — Thousands of shareholders who attended the annual stockholder’s meeting in Omaha, Nebraska, for Warren Buffett’s Berkshire-Hathaway Corporation on Saturday, April 30, were surprised to be greeted by the pro-life Truth Truck and a group of pro-life activists. For almost fifty years, Warren Buffett has been one of the largest single benefactors of population control and abortion in the world, exceeded only by Microsoft’s Bill Gates, with whom he has in recent years joined forces. However, his connection to abortion is still not widely known. It was rainy, cold and windy when the...
  • Warren Buffett Backs Japan to Rebuild, Sees 'Buying Opportunity'

    03/22/2011 8:32:09 PM PDT · by fight_truth_decay · 6 replies
    LondonTelegraph ^ | 7:09PM GMT 21 Mar 2011 | By Louise Armitstead
    Warren Buffett, the influential billionaire investor, has said that the earthquake and tsunami in Japan may have created a "buying opportunity." The 80-year-old American, who is dubbed the "Sage of Omaha", said that the devastation had not changed the "economic prospect" of Japan. He argued that the markets normally over-react in the wake of big disasters. Speaking in Daegu, South Korea, Mr Buffett said that the terrorists attacks on New York in 2001 "didn't change the future of the US or the economic prospect of the US." He said: "I feel exactly the same way after what's happened in Japan....
  • Berkshire Hathaway boss Warren Buffett buys chemical maker Lubrizol for £5.6bn [$9bn]

    03/14/2011 9:11:08 PM PDT · by bruinbirdman · 7 replies
    The Telegraph ^ | 3/14/2011 | Richard Blackden and Alistair Osborne
    Billionaire investor Warren Buffett has agreed to pay $9bn (£5.6bn) in cash for US chemicals maker Lubrizol, making good on a pledge that he was on the hunt for big acquisitions. Mr Buffett's Berkshire Hathaway company offered $135 a share for Lubrizol, which is based in Ohio but has factories in almost 20 countries. The company expanded into Britain in the 1930s in its first venture outside the US. The deal follows Mr Buffett's near-$30bn acquisition in late 2009 of Burlington Northern Santa Fe, one of America's biggest railroad companies. The decision also underlines the billionaire's appetite for buying American...
  • Facebook's Zuckerberg pledges to give away wealth

    12/09/2010 5:12:45 PM PST · by mlizzy · 54 replies
    Comcast ^ | 12-9-10 | BARBARA ORTUTAY
    NEW YORK — Another 17 of America's richest people, including Facebook CEO Mark Zuckerberg, junk bond pioneer Michael Milken and AOL co-founder Steve Case, have promised to give away most of their wealth. At 26, Zuckerberg has put himself on the map not only as one of the world's youngest billionaires, but also as a prominent newcomer to the world of philanthropy. Earlier this year, he pledged $100 million over five years to the Newark, N.J. school system. Now, he's in the company of media titans Carl Icahn, 74, Barry Diller, 68, and others who have joined Giving Pledge, an...
  • 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...
  • Warren Buffett’s Uncle Sam (billionaire ignores Uncle Sam’s role in the housing collapse)

    12/01/2010 8:16:03 AM PST · by SeekAndFind · 6 replies
    Financial Post ^ | 12/01/2010 | Peter Foster
    Dear Uncle Warren, When I was at school, there used to be an annual picture taken of all the pupils. Since there were quite a lot of us, the remarkable technology employed (at least it seemed remarkable at the time) was that of a still camera that panned from one end of the assembly, which stood in a curved formation, to the other. This produced a long, thin, photograph. On several occasions, I recall, some young prankster, once his image had been captured at one end of the line, would attempt to sprint behind the wall of boys and install...
  • A Modest Proposal for Taxing Guilt-Ridden Billionaires

    11/29/2010 7:02:53 PM PST · by The Looking Spoon · 9 replies
    The Looking Spoon ^ | 11-29-10 | Jared H. McAndersen
    From the liberal blog ironically named Crooks and Liars:---------- Not that this will matter to the congressional Republicans, whose agenda is not actually improving the economy nor listening to economists, the wealthiest 2%, or any other American, come to that. But the country's wealthiest men, Warren Buffett and Bill Gates, dismiss the calls of Republicans to extend the Bush tax cuts for the wealthiest 2% of Americans and say that the wealthy SHOULD pay more taxes. Warren Buffett, Chairman and CEO of Berkshire Hathaway, said that the rich should be paying more taxes and that the Bush-era tax cuts for...
  • Is Billionaire Warren Buffett Buying Up Land in Brazil?

    09/02/2010 10:25:44 PM PDT · by bruinbirdman · 15 replies
    Forbes ^ | 9/2/2010 | Keren Blankfeld
    Brazilian magazine EXAME reports that America’s favorite investor is headed to Brazil. According to the report, Warren Buffett, the world’s third richest man, and his famed investment vehicle, Berkshire Hathaway, are interested in buying up land in the Amazon and are negotiating starting an acquisition company in Brazil specifically for this purpose. Apparently Berkshire execs were visiting Brazil about a month ago checking out the area. If this is true (Buffett’s camp has not confirmed with us yet), Buffett is, as he tends to be, on point. Just this week The Economist featured an excellent report on “the miracle of...
  • Buffett Bucks The Trend: Bond Portfolio Positioned For INFLATION

    08/10/2010 6:20:52 AM PDT · by blam · 12 replies
    The Business Insider ^ | 8-10-2010 | Joe Weisenthal
    Buffett Bucks The Trend: Bond Portfolio Positioned For INFLATION Joe Weisenthal Aug. 10, 2010, 8:19 AM BREAKING! Not every major investment guru is walking further out on the yield curve in a bet on deflation. Bloomberg: Twenty-one percent of holdings including Treasuries, municipal debt, foreign-government securities and corporate bonds were due in one year or less as of June 30, Omaha, Nebraska-based Berkshire said in a filing Aug. 6. That compares with 18 percent on March 31, and 16 percent at the end of last year’s second quarter. The report goes on to speculate that this may be a reaction...
  • Berkshire net down 40 percent on derivative losses

    08/06/2010 2:45:14 PM PDT · by NormsRevenge · 16 replies
    Reuters on Yahoo ^ | 8/6/10 | Jonathan Stempel
    NEW YORK (Reuters) – Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the takeover of railroad operator Burlington Northern Santa Fe Corp, improvement in insurance underwriting results, and a turnaround in performance at the NetJets corporate plane unit. Net income fell to $1.97 billion, or $1,195 per Class A share, from $3.3 billion, or $2.123, a year earlier. Excluding investments, operating profit rose to $3.07 billion, or $1,866 per share, from $1.78 billion, or...
  • Buffett Secretly Spending Millions on Abortion Med-School Scheme: NY Times

    07/19/2010 3:53:40 PM PDT · by wagglebee · 23 replies · 1+ views
    LifeSiteNews ^ | 7/19/10 | Patrick B. Craine
    OMAHA, Nebraska, July 19, 2010 (LifeSiteNews.com) – Billionaire investing mogul Warren Buffett has been secretly backing a campaign to combat the decrease in doctors who are training as abortionists and to bring abortion into the mainstream of medicine, revealed the New York Times this week.In her NYT magazine cover story, journalist Emily Bazelon describes how abortion “rights” activists are working to “recast doctors, changing them from a weak link of abortion to a strong one.”The piece, entitled “The New Abortion Providers,” claims that abortionists and the pro-abort lobby are trying to dispel the image of the “greedy, butchering ‘abortionist’.”  “The bold...
  • Billionaire club in bid to curb overpopulation

    05/18/2010 4:15:22 PM PDT · by george76 · 55 replies · 1,099+ views
    Times ^ | 24 May 2009 | John Harlow
    Some of America's leading billionaires have met secretly to consider how their wealth could be used to slow the growth of the world's population and speed up improvements in health and education. The philanthropists who attended a summit convened on the initiative of Bill Gates, the Microsoft co-founder, discussed joining forces to overcome political and religious obstacles to change. Described as the Good Club by one insider it included David Rockefeller Jr, the patriarch of America's wealthiest dynasty, Warren Buffett and George Soros, the financiers, Michael Bloomberg, the mayor of New York, and the media moguls Ted Turner and Oprah...
  • Warren Buffett defends Goldman Sachs

    05/02/2010 12:57:38 AM PDT · by Brad from Tennessee · 11 replies · 394+ views
    The Guardian ^ | May 1, 2010 | By Andrew Clark
    The world's third richest man, Warren Buffett, today declared that he saw nothing wrong in an allegedly fraudulent $1bn mortgage deal by Goldman Sachs and suggested that losers in the transaction, including Royal Bank of Scotland, had only themselves to blame for exercising "dumb" judgment. . .
  • Buffett Defends Goldman; Berkshire Posts Profit

    05/01/2010 2:08:55 PM PDT · by george76 · 5 replies · 401+ views
    wsj ^ | MAY 1, 2010 | SCOTT PATTERSON And ERIK HOLM
    Warren Buffett offered a vigorous defense of Goldman Sachs Group Inc. Saturday, saying the embattled firm hadn't engaged in improper activity and shouldn't be blamed for the losses of its clients. Goldman has been reeling from Securities and Exchange Commission allegations that the bank had engaged in fraudulent activities in relation to a mortgage deal called Abacus 2007-AC1. Goldman says it did nothing wrong. The billionaire investor said he fully supported Goldman CEO Lloyd Blankfein. Asked if he could choose a successor for Mr. Blankfein, Mr. Buffett said: "If Lloyd had a twin brother I'd go for him." Buffett also...
  • Goldman Tarnishes Buffett's Image

    04/17/2010 5:13:15 PM PDT · by TigerLikesRooster · 9 replies · 531+ views
    Forbes ^ | 04/16/10 | Vahan Janjigian
    Goldman Tarnishes Buffett's Image April 16, 2010 - 4:35 pm Vahan Janjigian is Editor of the Forbes Growth Investor and Forbes Special Situation Survey investment newsletters. Each year about this time, the media gears up for a major event: Berkshire Hathaway's annual shareholders' meeting. This year's meeting will be held on Saturday, May 1. As usual, everyone's interest turns to Berkshire CEO Warren Buffett, who is perhaps America's most-loved business executive. Not only is Buffett considered one of the world's greatest businessman, he is also thought to be one of the most ethical. Because I wrote a book about Buffett,...