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Keyword: warrenbuffett

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    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 ( – 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 ( — 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...
  • Warren Buffett Funds Obama’s International Fuel Bank?

    01/20/2011 5:39:35 AM PST · by Opinionatedtoday · 3 replies ^ | January 20, 2011 | Marinka Peschmann
    President Obama is lucky. It is not everyday that a President’s legislative priority, as Senator, becomes a reality because of a billionaire. But that’s what happened last month when famed investor and philanthropist Warren Buffett pledged $50 million to the International Atomic Energy Agency (IAEA) to create a global nuclear fuel bank to ostensibly discourage nations from enriching their own uranium. In 2007, as a Senator, Obama introduced legislation that would create an international fuel bank and give the IAEA, an arm of the United Nations, $50 million taxpayer dollars to begin to fund it.
  • Warren Buffett Funds Obama’s International Fuel Bank?

    01/20/2011 5:39:21 AM PST · by Opinionatedtoday · 1 replies ^ | January 20, 2011 | Marinka Peschmann
    President Obama is lucky. It is not everyday that a President’s legislative priority, as Senator, becomes a reality because of a billionaire. But that’s what happened last month when famed investor and philanthropist Warren Buffett pledged $50 million to the International Atomic Energy Agency (IAEA) to create a global nuclear fuel bank to ostensibly discourage nations from enriching their own uranium. In 2007, as a Senator, Obama introduced legislation that would create an international fuel bank and give the IAEA, an arm of the United Nations, $50 million taxpayer dollars to begin to fund it.
  • 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 ( – 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,...
  • Mexico's Carlos Slim Overtakes Gates, Buffett to Become Forbes Richest Person

    03/10/2010 4:28:41 PM PST · by SeekAndFind · 9 replies · 360+ views
    BusinessWeek ^ | 03/10/2010 | Chris Dolmetsch and Crayton Harrison
    Mexico’s Carlos Slim beat Bill Gates and Warren Buffett for the top spot on Forbes magazine’s annual list of billionaires, becoming the first person from outside the U.S. to lead the rankings in 16 years. The net worth of Slim, 70, who built a telecommunications empire after buying Mexico’s state-run phone monopoly two decades ago, rose $18.5 billion to $53.5 billion. Gates, 54, chairman of Microsoft Corp., fell to second as his net worth increased $13 billion to $53 billion. Buffett, 79, chairman of Berkshire Hathaway Inc., was third with $47 billion, a rise of $10 billion. Slim is the...
  • Warren Buffett 'feels good' about Goldman Sachs

    Warren Buffett 'feels good' about Goldman Sachs Warren Buffett has thrown his weight behind Goldman Sachs and its chairman Lloyd Blankfein, arguing the investment bank has a "place in the universe". By James Quinn, US Business Editor Published: 7:58PM GMT 01 Mar 2010 Mr Buffett, who has run the Berkshire Hathaway conglomerate since 1965, dismissed the political and public backlash against Goldman, praising Mr Blankfein and the bank's business model. In an extended interview with cable business network CNBC, the so-called "Sage of Omaha" said: "I feel good about their business prospects. I mean... it's a very, very strong, well-run...
  • Warren Buffett Give Obama 'High Marks,' Mocks Palin in CNBC Interview

    03/01/2010 11:38:11 AM PST · by Rufus2007 · 42 replies · 1,501+ views
    NewsBusters ^ | March 1, 2010 | Jeff Poor
    It's not a secret that billionaire investor and Berkshire Hathaway (NYSE:BRK.A) CEO Warren Buffett is a supporter of President Barack Obama - having endorsed and raised money for him. But has Buffett's approval of the president mirrored the declining marks he's getting from the rest of America? No, according to Buffett, Obama's earned "high marks." Buffett appeared on CNBC's March 1 "Squawk Box" and assessed Obama's presidency to date. "Well, I'm very glad I voted for him," Buffett said. "That has not changed. I think the problems he has run into are monumental, particularly in terms of the economy. I...
  • Buffett's Partner: 'It's Over' for U.S. Economy

    Buffett's Partner: 'It's Over' for U.S. Economy Monday, 22 Feb 2010 11:42 AM By: Dan Weil Charlie Munger, Warren Buffett’s longtime business partner in Berkshire Hathaway, warns in a new column that the U.S. economic empire is crumbling before our eyes, thanks to federal debt and poor planning. In an article penned for, Munger uses the form of a parable to explain how Wall Street’s love affair with gambling has destroyed America’s Main Street. The article leads with this headline: “Basically, It’s Over.” The Berkshire Hathaway vice chairman describes the economic history of Basicland, which happens to match U.S....
  • Taleb: Buffett's Track Record Means Completely Nothing, I Have Proof George Soros Is The True Oracle

    02/09/2010 7:07:46 AM PST · by blam · 9 replies · 516+ views
    The Business Insider ^ | 2-9-2010 | Vincent Fernando
    Taleb: Buffett's Track Record Means Completely Nothing, I Have Proof George Soros Is The True Oracle Vincent Fernando Feb. 9, 2010, 8:02 AM In an ai5000 article next to a studio shot with a stuffed black swan, Nassim Taleb makes it clear he has far more confidence in the investment acumen of George Soros than Warren Buffett. ai5000: "I don’t want to spend too much time on Buffett. George Soros has 2 million times more statistical evidence that his results are not chance than Buffett does. Soros is vastly more robust. I am not saying Buffett doesn’t have skill—I’m just...
  • Berkshire Hathaway Whacks 3,000 Jobs, And Then S&P Whacks Berkshire To AA+

    02/04/2010 10:42:36 AM PST · by blam · 2 replies · 325+ views
    The Business Insider ^ | 2-4-2010 | Vince Veneziani
    Berkshire Hathaway Whacks 3,000 Jobs, And Then S&P Whacks Berkshire To AA+Vince Veneziani Feb. 4, 2010, 12:43 PM Big day for Warren Buffett's Berkshire Hathaway (BRK) In addition to 3000 jobs being cut due to falling demand for materials, Berkshire Hathaway's credit rating was just cut to AA+ by Standard & Poors.[snip] And then there's the credit rating debacle: Warren Buffett’s Berkshire Hathaway Inc. was stripped of its last AAA credit rating by Standard & Poor’s after the billionaire investor agreed to buy railroad Burlington Northern Santa Fe Corp Berkshire, which is taking on debt to fund the $26 billion...

    01/28/2010 11:44:10 AM PST · by Patriot1259 · 1 replies · 263+ views
    The Cypress Times ^ | 1/28/10 | Kevin Price
    Warren Buffett rolled up his sleeves on the Fox Business Network in a very candid interview with the channel's Liz Claman, in which he discussed CEOs of failing banks, reconfirming Ben Bernanke, and his Berkshire company.
  • On CNBC Now - Buffett and Gates discuss the economy and capitalism.

    11/12/2009 6:20:06 PM PST · by HighWheeler · 16 replies · 858+ views
    Interesting discussion
  • NetJets Laying Off 500 Pilots

    11/09/2009 3:43:11 PM PST · by george76 · 13 replies · 871+ views
    AP ^ | Nov. 5, 2009
    Demand for private jets is way down and NetJets will lay off almost 500 pilots as a result -- almost 20% of its staff of 3,000 pilots. because of a decrease in demand. NetJets is a unit of investor Warren Buffett's Berkshire Hathaway
  • Warren Buffett: 'Newspapers Have Got a Terrible Future' (Dinosaur Media Deathwatch)

    11/04/2009 1:10:37 AM PST · by Rufus2007 · 14 replies · 802+ views
    Newsbusters ^ | November 4, 2009 | Jeff Poor
    Warren Buffett, the second richest man in the world and CEO of Berkshire Hathaway (NYSE:BRK.A), doesn't have much faith in the future of print media. In an interview on CNBC's Nov. 3 "Squawk Box," following the announcement of his purchase of Burlington Northern (NYSE:BNI), Buffett was asked to comment on the future of news media, in particular newspapers and business news by "Squawk Box" co-host Becky Quick. Buffett is optimistic on the future of business news. "Our system has just gotten started," Buffett said. "I mean, we've had a couple of hundred years of progress, but we have not exhausted...
  • 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...
  • Warren Buffett, Obamanomics, Burlington Northern - What's the REAL STORY behind this move?

    11/03/2009 9:45:41 AM PST · by TheDailyChange · 34 replies · 1,150+ views
    11032009 | TDC
    What is your opinion on Buffett's move to buy Burlington Northern today, and was this move part of a much larger (0bama) plan? How will this impact the man on the street, good, bad, don't care? Remember, Buffett backed Obama for president.
  • Is Warren Buffett calling a bottom?

    11/03/2009 9:42:27 AM PST · by Second Amendment First · 48 replies · 1,386+ views
    CNNMoney ^ | Nov. 3, 2009 | Paul R. La Monica
    Warren Buffett said his firm's purchase of railroad Burlington Northern Santa Fe is an "all-in wager" on the U.S. NEW YORK ( -- Warren Buffett said he's making an "all-in wager on the economic future of the United States" with the purchase of railroad Burlington Northern Santa Fe. Let's hope it's a bet that Buffett wins.
  • Omaha's Oracle of Style Sings the Praises of a Chinese Suit (Warren Buffet's Red Sympathies)

    09/23/2009 11:19:19 PM PDT · by nickcarraway · 8 replies · 1,053+ views
    Wall Street Journal ^ | SEPTEMBER 24, 2009 | SKY CANAVES and SUSAN PULLIAM
    Buffett Tapes a Testimonial for Ms. Li; President Hu's Wardrobe in the Closet America's foremost capitalist may not have much in common with China's top Communist, but Warren Buffett and Hu Jintao do appear to share the same clothier. Move over Brioni, the truly rich and powerful are wearing Trands. The obscure menswear label is produced by Dayang Group, a clothing company founded by Li Guilian, 63 years old, a diminutive farmer-turned-fashion mogul, in northeast China. Ms. Li's company got a major boost after Mr. Buffett, chairman and chief executive of Berkshire Hathaway Inc., recently appeared in a Dayang promotional...
  • Ralph Nader, Fiction Writer (Only the Super-Rich Can Save Us!)

    09/23/2009 3:46:38 PM PDT · by nickcarraway · 11 replies · 682+ views
    Time ^ | 9/23/09 | Tim Morrison
    Ralph Nader has been many things: lawyer, consumer-rights bulldog, political activist and perennial third-party presidential candidate. He has now added a new title to his business card: fiction writer. His latest book, Only the Super-Rich Can Save Us!, is a 700-page populist fantasy in which a small group of billionaires and media moguls — led by Warren Buffett and including Ted Turner, George Soros, Bill Cosby, Yoko Ono and Phil Donahue — pool their massive resources to reform the U.S. With the help of a $15 billion war chest and a p.r. campaign starring a talking parrot, the group successfully...
  • The Heavyweight Bout: Chanos versus Buffett

    08/24/2009 7:01:34 PM PDT · by FromLori · 9 replies · 528+ views
    Economic Policy Journal ^ | 8/24/09 | Robert Wenzel
    Short seller Jim Chanos is bearish on major pharmecutical companies. Warren Buffett is long pharmaceuticals. This creates the interesting situation of the top long investor, Buffett, versus the top short investor, Chanos, being on opposites side of a major trade. Buffett owns more than 3.9 million shares of Sanofi Aventis and he holds 1.51 million shares of GlaxoSmithkline. Chanos recently told an Australian radio station: The US healthcare system is probably the most interesting large group of companies that are heading for major problems that we've seen in a long, long time. Healthcare is growing now at about 10 per...
  • Closely Watched Buffett Recalculating His Bets

    09/08/2009 7:12:32 PM PDT · by FromLori · 13 replies · 1,144+ views
    Warren E. Buffett has two cardinal rules of investing. Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. Well, a lot of old rules got trashed when the financial crisis struck — even for the Oracle of Omaha. At 79, Mr. Buffett is coming off the worst year of his long, storied career. On paper, he personally lost an estimated $25 billion in the financial panic of 2008, enough to cost him his title as the world’s richest man. (His friend and sometime bridge partner, Bill Gates, now holds that honor, according to Forbes.) And...
  • Does Warren Buffett Invest by the Stars When it Comes to the Swine Flu Vaccine?

    08/25/2009 2:41:05 AM PDT · by theanchoragedailyruse · 208+ views
    It's a Kwazy Life ^ | August 24th, 2009 | Tom Lamb
    Flu Pandemic 2009-2010: Boost Your Immune System [Update August 2009: Unfortunately my prediction came true about there being a flu pandemic this fall and winter. I made that prediction back in January based on astrological, synchronistic, and political factors, and wrote this research note in early March. The swine flu hit the news in April. I am leaving most of this article alone for posterity, except I have improved the section below on dietary changes and boosting the immune system]. Chances are high that there will be a flu pandemic within a year, especially during fall and winter of...
  • Warren Buffett Should Take Ownership of The "Banana" Republic

    08/21/2009 9:02:39 PM PDT · by Shellybenoit · 3 replies · 403+ views
    NY TIMES/THE LID/national post ^ | 8/22/09 | Yidwithlid
    In a NY Times Op Ed this week, the financial guru of gurus, Warren Buffett warned of the dangers of the Federal Deficit: The United States economy is now out of the emergency room and appears to be on a slow path to recovery. But enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects. For now, most of those effects are invisible and could indeed remain latent for a long time. Still, their threat may be as ominous as that posed by the financial crisis itself. one...
  • Varney Says Warren Buffett "Banana Republic" Warning is a Warning Shot to Obama - Video 8/19/09

    08/20/2009 5:48:28 AM PDT · by Federalist Patriot · 18 replies · 1,867+ views
    Freedom's Lighthouse ^ | August 20, 2009 | BrianinMO
    Here is video of Stuart Varney talking about Warren Buffett's warning in a New York Times op-ed that the Obama Administration must stop the rise in our National Debt or America runs the risk of becoming a "Bananna Republic." Here's what Buffett said: I want to emphasize that there is nothing evil or destructive in an increase in debt that is proportional to an increase in income or assets. As the resources of individuals, corporations and countries grow, each can handle more debt. The United States remains by far the most prosperous country on earth, and its debt-carrying capacity will...
  • Warren Buffett Warns Budget Deficit May Harm Dollar [Warns $ End As "Reserve Currency"!]

    Warren Buffett warns budget deficit may harm dollar Warren Buffett has given warning that the US’s $1.8 trillion (£1.1 trillion) budget deficit could harm the purchasing power of the dollar, even though he admits the American economy “appears to be on a slow path to recovery”. James Quinn 19 Aug 2009 Warren Buffett admitted that the American economy "appears to be on a slow path to recovery" Mr Buffett, the world’s second-richest man and famed for his ability to make astute investments, believes that the “gusher of federal money” flowing in to the US economy could eventually fuel inflation and...
  • The Greenback Effect (Warren Buffett Warning!)

    08/19/2009 6:41:18 PM PDT · by Red in Blue PA · 23 replies · 1,749+ views
    NY Times ^ | 8/19/2009 | Warren Buffett
    To understand this threat, we need to look at where we stand historically. If we leave aside the war-impacted years of 1942 to 1946, the largest annual deficit the United States has incurred since 1920 was 6 percent of gross domestic product. This fiscal year, though, the deficit will rise to about 13 percent of G.D.P., more than twice the non-wartime record. In dollars, that equates to a staggering $1.8 trillion. Fiscally, we are in uncharted territory. Because of this gigantic deficit, our country’s “net debt” (that is, the amount held publicly) is mushrooming. During this fiscal year, it will...
  • Warren Buffett's 'Greenback Effect' Warning: A Call to Buy Stocks

    08/19/2009 2:15:32 PM PDT · by balls · 10 replies · 808+ views
    CNBC ^ | 19 Aug 2009 | Alex Crippen
    Warren Buffett is back with a new piece in the New York Times, but today he's not using the high-profile platform to explicitly urge us all to buy stocks as he did last October. But there's still a big "buy" recommendation implicit in the dollar doomsday scenario he lays out in his latest op-ed. In The Greenback Effect, Buffett details his ongoing warning that the "enormous dosages of monetary medicine" being used to rescue the U.S. economy will eventually produce a dangerous "side effect." He worries there won't be enough borrowers ready and able to absorb the nation's growing debt...
  • Buffett: We Screwed Up

    08/13/2009 1:03:41 PM PDT · by FromLori · 16 replies · 1,031+ views
    As cool as his demeanor is, you really have to figure that Warren Buffett had stuck to his strict, no-derivatives-for-me attitude he seemed to hold all that time. Reuters: Warren Buffett's Berkshire Hathaway Inc underestimated the risks of falling stock prices to its billions of dollars of derivatives bets, yet still believes it is valuing the contracts fairly. Berkshire revealed its error in a June 26 letter to the U.S. Securities and Exchange Commission, one of several pieces of correspondence with the regulator about the company's annual report, and made public on Thursday. The key issue: The derivatives contracts are...
  • Warren Buffett stocks up on foreign government bonds

    08/10/2009 4:19:10 PM PDT · by bruinbirdman · 5 replies · 353+ views
    The Telegraph ^ | 8/10/2009
    Billionaire investor's spending on equities fell to its lowest in more than five years Mr Buffett's Berkshire Hathaway owned about $11.1bn in foreign government bonds in its insurance units at the end of June, up from $9.6bn three months months earlier, Berkshire said in a regulatory filing, according to a report on Bloomberg. In the second quarter, Mr Buffett spent $2.6bn on bonds compared with $350m on shares. The billionaire investor, whose views on financial markets are closely followed around the world, has benefitted as equity markets rallied over the past three months. “Some of the normal places he’s gotten...
  • More Buffett And The Pigman

    08/07/2009 9:06:27 AM PDT · by FromLori · 5 replies · 571+ views
    The Market Ticker ^ | 8/7/09 | Karl Denninger
    It seems my previous article has garnered a bit of criticism from someone I hold in rather high regard, indicating that perhaps I have been less than clear in my criticism. Let me be clear: There is nothing wrong with making a lot of money, and leveraging your wealth into making even more money! It doesn't surprise me that those with lots of money get "special dispensation" in the form of conversations with Treasury Secretaries and other members of the government. The "little people" - that is you and I - will never get that sort of treatment, simply because...
  • Did Warren Buffett Front Run Tax Payers?

    08/07/2009 10:00:57 AM PDT · by FromLori · 349+ views
    Economic Policy Journal ^ | 8/7/09 | Robert Wenzel
    The attack on Warren Buffett continues. The latest to jump on the pile is Karl Denninger. He makes the charge that Buffett may have taken advantage of taxpayers, when buying his stake in Goldman Sachs: ...was he really just making a bet? The evidence says otherwise; Warren's statements both at the time and later one made clear that he had every expectation, and perhaps even inside information, that the government would not allow these firms to fail. That is, he didn't make a bet - he jumped in front of the taxpayer, a form of legal "front running", to garner...
  • Buffett's Inner Pigman Shines Through

    08/06/2009 7:20:04 AM PDT · by FromLori · 21 replies · 1,004+ views
    The Market Ticker ^ | 8/6/09 | Karl Denninger
    Who doesn't love the image Warren Buffett projects in the media? The beloved stock-picker, with his mantra "buy smart, sell never", has become an American icon. He preaches the free market, capitalism, smart business practices and running a tight ship. He lives frugally in a modest home, doesn't flash his (extreme) wealth and claims that through hard work and dedication one can succeed in America. And now, Berkshire is set to report what may be the best quarter in his firm's history. The truth is somewhat different. Buffett has repeatedly used his influence to exempt himself from laws that apply...