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The Oracle of Omaha enjoys considerable public trust. But on banks he talks his own book, not Main Street's. Maybe that's not surprising given his... The Oracle of Omaha enjoys considerable public trust. But on banks he talks his own book, not Main Street's. Maybe that's not surprising given his...
THERE may not be a person in America without a strong opinion about what coulda, shoulda been done to prevent the underwear bomber from boarding... THERE may not be a person in America without a strong opinion about what coulda, shoulda been done to prevent the underwear bomber from boarding...
One of the best ways I've found to evaluate the actions taken by then-Treasury Secretary Hank Paulson in bailing out the nation's failing banks back... One of the best ways I've found to evaluate the actions taken by then-Treasury Secretary Hank Paulson in bailing out the nation's failing b...
Other than that, you have to like the way Warren is thinking. It says that you don't have to be nuts or smoking something in order to put your money on the home team, which is not Wall Street -- it's America. It's a bet FOR something, not against.
Berkshire Hathaway just made its largest acquisition ever, buying Burlington Northern Santa Fe Corporation, a railroad company, for over $35 billion. This is a large... Berkshire Hathaway just made its largest acquisition ever, buying Burlington Northern Santa Fe Corporation, a railr...
In the trial, the defendants invoked a "Buffett defense," saying that Buffett had approved the outlines of the structured transaction and was involved in setting the fee. The question, however, was not whether Buffett knew about the transaction--he did--but whether he knew it was frau...
They're the ones operating on the delusional premise that the recession is history and that by mid-2010 the economic downturn, the real estate mess, rising unemployment, falling incomes and bashed banks will begin to become fleeting memories.
It is standard for industries to shift a majority of their contributions to whatever party is in power, so right now Democrats are getting more than Republicans. Is it surprising that it's looking more and more like we won't get a public option, that the major winner in the most recent Senat...
Mr. Buffett, these two issues could be reconciled with a common sense health care reform plan proposed in the Los Angeles Times last week. Please refer to my previous post to see the details of a simple 5-point plan that could serve as a framework for effectively reforming our health care sys...
As Wall Street gears up to pay itself outrageous sums again, even as we're bailing them out, it's possible that a majority of Americans would see the justice of having the super-wealthy pay their fair share. In a recent New York Times op-ed, Warren Buffet points out the dangers of the rising...
In a recent New York Times op-ed, Warren Buffet points out the dangers of the rising U.S. deficit. But in doing so he refuses... In a recent New York Times op-ed, Warren Buffet points out the dangers of the rising U.S. deficit. But in doing so he refuses to point the finger at the obvious cause: the incre...
Lunch with Warren Buffett is something we have always had on our 'dream list,'" Wolfe said. But Buffett is also known for his plan to gradually give most of his $36 billion fortune to five foundations over time. The biggest chunk of Buffett's Berkshire stock will go to the Bill & Melinda G...
Michael Lewis has up at the New Republic a book review of Alice Schroeder's biography of Warren Buffett, "The Snowball: Warren Buffett and the Business... Michael Lewis has up at the New Republic a book review of Alice Schroeder's biography of Warren Buffett, "The Snowball: Warren Buffett...
Basically, four or five years ago, virtually everybody in the country had this model in their heads, formal or otherwise, that house prices could not fall significantly," Mr. Buffett said. He later added that "it was stupidity and the fact that everyone else was doing it." He said that if Moo...
The gross domestic product of the United States is $15 trillion. The money supply of the United States--all the greenbacks currently in circulation--is also about $15 trillion. The gross domestic product of the entire world is $50 trillion. The total value of the world's real estate is $75...
Warren Buffett is here. Warren Buffett is everywhere. He greets you on an airport billboard, stressing the importance of college education. There he is again, on the cover of every book in the bookstore window display. The hotel signs say "welcome Berkshire shareholders." Next to the colleg...
Ah yes, Omaha in the Spring. While the swallows are returning to Capistrano, the Berkshire Hathaway investors, 35,000 of them, are returning to hear the 'Oracle of Omaha' wax about the economy. Warren Buffett is holding court, ice cream cone in hand.
For example, Buffett estimates that in the event of a major catastrophe, Berkshire would suffer between 3% and 4% of the total, nationwide losses. Even if such catastrophe amounts to $100 billion in total damage (for reference, Hurricane Katrina leveled about $60 billion of losses), Be...
DALLAS – A Canadian man who dubbed himself the "Chinese Warren Buffett" faces federal charges of running a Ponzi scheme that targeted primarily Chinese-Americans and... DALLAS – A Canadian man who dubbed himself the "Chinese Warren Buffett" faces federal charges of running a Ponzi schem...
On Sunday, Buffett gave a very scary interview on U.S. television about how the economy nearly collapsed in September. He said that the world is going through an "economic Pearl Harbor" that will take years to turn around only to end in serious inflation problems. Printing money to stimulate...
Obama Campaign On Buffett: "We Look Forward To Him Helping Out Our Efforts." "'Warren Buffett is a great friend and an important force in the global economic community. We look forward to him helping out our efforts,' said Obama spokesman Bill Burton." (Celeste Katz, "Buffet Of Praise, Cas...
Warren Buffett spoke to CNBC Monday morning where he expounded on his views of the economy, municipal bonds and the Obama administration's efforts to stave... Warren Buffett spoke to CNBC Monday morning where he expounded on his views of the economy, municipal bonds and the Obama administ...
OMAHA, Neb. — Billionaire Warren Buffett says the economy has "fallen off a cliff" over the past six months and consumers have changed their habits... OMAHA, Neb. — Billionaire Warren Buffett says the economy has "fallen off a cliff" over the past six months and consumers have changed their ha...
He did not reiterate his recommendation, made in October in a New York Times editorial, to buy American stocks, but did say America's best days are ahead, and that he was optimistic about the future and improving American standard of living over time. He also hinted that even if the economy...
That's right. Warren Buffett. Think about it: The man is more popular than God. Probably richer. If he wanted, he could probably make the United States a subsidiary of Berkshire Hathaway, which has been run a helluva lot better than the country has.
Smart money people like Warren Buffett are cherrypicking stock markets and the brilliant businessman from Omaha last week wrote that American investors should be doing... Smart money people like Warren Buffett are cherrypicking stock markets and the brilliant businessman from Omaha l...
When Warren Buffett speaks (which is rare outside his annual Berkshire Hathaway shareholders meeting), people should listen. Among all the TV pundits, hedge fund traders, economists, journalists and cocktail party guests, not one has as good an investment record.
Lessons in Living: Part 2 The Wisdom of Eckhart Tolle and Warren Buffett I don't look for 7-foot bars to jump over, I look around... Lessons in Living: Part 2 I don't look for 7-foot bars to jump over, I look around for 1-foot bars I can step over. -- Warren Buffett
Five years ago, billionaire investor and American icon Warren Buffett suggested that financial derivative products were "financial weapons of mass destruction, carrying dangers that, while... Five years ago, billionaire investor and American icon Warren Buffett suggested that fin...
In addition, GE announced that it has reached agreement to sell $3 billion of perpetual preferred stock in a private offering to Berkshire Hathaway, Inc. The perpetual preferred stock has a dividend of 10% and is callable after three years at a 10% premium. In conjunction with this offerin...
The Gates Foundation and the Catholic Church have the same goals. They are to keep the legacies for which they were created. For Bill Gates and Warren Buffett it is the control and legacy of family wealth as in the ancient days of the Pharos of Egypt. And by not paying any taxes, Gates will be more...
News coverage of Warren Buffett's $30 billion gift to the Gates Foundation left the impression that the record-setting donation was an open-shut feel-good story. After all, what evil could come from the world's second richest man pledging over three-quarters of his wealth to fight pre...