News

WARREN BUFFETT: When I Started, I Only Had $9,800

[credit provider=”Susie Buffett, via Forbes” url=”http://www.forbes.com/sites/randalllane/2012/03/26/warren-buffetts-50-billion-decision/”] In a short article for ForbesLife, Warren Buffett describes the earliest years of his career–as well as the decision that ultimately led to his becoming one of the world’s richest men.When Buffett got out of college, he says, he had $9,800.
WARREN BUFFETT: When I Started, I Only Had $9,800
Markets

This Is Why The IRS Is Suing Warren Buffett’s Private Jet Business Over Unpaid Taxes

[credit provider=”www.cbsnews.com” url=”http://www.cbsnews.com/8301-505383_162-57373393/person-to-person-warren-buffett/”] Earlier this month, there was news that the IRS was suing Berkshire Hathaway over unpaid taxes at its NetJets business.The issue has actually been brewing for a while longer, but obviously the irony was delicious, given Buffett’s semi-populist crusade in favour of higher taxes on the rich.
This Is Why The IRS Is Suing Warren Buffett’s Private Jet Business Over Unpaid Taxes
Markets

WARREN BUFFETT: My Philosophy On Investing Is Exactly Like Ted Williams’ Philosophy On Baseball

[credit provider=”CBS News” url=”http://www.cbsnews.com/8301-505383_162-57373393/person-to-person-warren-buffett/”] A segment on Warren Buffett’s office in Omaha that aired on CBS’ Person to Person last month has provided an interesting peek into the private space of the Oracle himself.One facet we were quick to pick up on—the investor is big on taking inspiration from sports. […]
WARREN BUFFETT: My Philosophy On Investing Is Exactly Like Ted Williams’ Philosophy On Baseball
Markets

Take A Tour Of Warren Buffett’s Office, Guided By The Oracle Himself

[credit provider=”www.cbsnews.com” url=”http://www.cbsnews.com/8301-505383_162-57373393/person-to-person-warren-buffett/”] Investing guru Warren Buffett is well known for his penchant for his hometown of Omaha and living a simple and modest lifestyle.Last month, for CBS’ Person To Person show, Warren Buffett took hosts Charlie Rose and Lara Logan on a tour of his Berkshire Hathaway offices in […]
Take A Tour Of Warren Buffett’s Office, Guided By The Oracle Himself
Markets

Warren Buffett Is Still Spanking Two Hedge Funders In A Bet He Made In 2008

[credit provider=”The Daily Ticker” url=”http://finance.yahoo.com/blogs/daily-ticker/buffett-hidden-agenda-comes-higher-taxes-james-altucher-185244171.html”] Here’s the deal: Back in 2008 Buffett made a bet against hedge funders Ted Seides and Jeffrey Tarrant of Protege Partners LLC. He wagered that funds that invest in hedge funds for their clients could not beat the stock market over 10 years.Obviously, we won’t […]
Warren Buffett Is Still Spanking Two Hedge Funders In A Bet He Made In 2008
Markets

There’s A Fortune To Be Made Buying Foreclosed Homes If You Follow This Simple Guide

[credit provider=”folkehjelp on Flickr” url=”http://www.flickr.com/photos/folkehjelp/5738743697/in/photostream/”] Investors everywhere are bubbling about the money to be made buying foreclosed houses and flipping them or renting them out. Even Warren Buffett thinks this is a great idea.But the distressed home market can be a minefield to the amateur investor.
There’s A Fortune To Be Made Buying Foreclosed Homes If You Follow This Simple Guide
Markets

Warren Buffett’s NetJets Sued For $366 Million In Unpaid Taxes

NetJets Inc, a private jet-sharing company owned by Warren Buffett’s Berkshire Hathaway was sued for $366.3 million by the government to recover unpaid taxes, four months after NetJets sued the government for nearly twice as much.Four NetJets units have “failed, neglected or refused” to pay excise taxes and related penalties […]
Warren Buffett’s NetJets Sued For $366 Million In Unpaid Taxes
Lifestyle

HOUSE OF THE DAY: A Modern Oceanfront Home In Malibu Is On Sale For $26 Million

[credit provider=”Jade Mills Estates” url=”http://www.jademillsestates.com/currentlistings/california/malibu/90265/yXZsV/32852-Pacific-Coast-Highway.htm”] A huge four-bedroom, four-bathroom house right on the water in Malibu is on sale for $26 million.The home is an architectural gem, with sliding glass doors, stone, and hardwood used in its construction.
HOUSE OF THE DAY: A Modern Oceanfront Home In Malibu Is On Sale For $26 Million
Markets

Here’s Why It Pays To Treat Your Apartment Hunt Like A Competitive Sport

[credit provider=”Flickr / Sangudo” url=”http://www.flickr.com/photos/sangudo/6497581477/in/photostream/”] It’s no secret that apartment hunting in NYC is an incredibly competitive and fast-paced process, with rentals rarely hitting the market more than a month in advance of their occupancy date.Meanwhile, the thought of a looming lease expiration/move-out date can feel like a ticking time […]
Here’s Why It Pays To Treat Your Apartment Hunt Like A Competitive Sport
Lifestyle

A New York Madam Was Arrested Last Month While Allegedly Trying To Convince A Morgan Stanley Banker To Back Her Financially

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Waiting_for_customers.jpg”] Police have arrested a mother of four allegedly who ran an Upper East Side brothel that brought in millions of dollars following a five-year investigation by the district attorney’s office, local news blog DNAinfo.com reports.The woman, Anna Gristina, is currently at Rikers Island on a $2 […]
A New York Madam Was Arrested Last Month While Allegedly Trying To Convince A Morgan Stanley Banker To Back Her Financially
Markets

Warren Buffett’s Musician Son Peter Is Selling His Awesome 3 Bedroom Gramercy Apartment For $4.1 Million

[credit provider=”Douglas Elliman Real Estate” url=”http://www.elliman.com/new-york-city/one-madison-park-23-east-22-street-unit-18b-manhattan-aiwskzo”] Very unlike his dad Warren, Peter Buffett left Omaha and came to the big city to be a musician.Now, like any good New Yorker, he’s involved in a real estate deal. His building, One Madison Park, will likely be taken over by new developer […]
Warren Buffett’s Musician Son Peter Is Selling His Awesome 3 Bedroom Gramercy Apartment For $4.1 Million
Tech

Buffett Plays ‘I’ve Got A Secret’

For a man who is famously plain-spoken about his thoughts on business and investing, Warren Buffett can be surprisingly stingy with information that is pretty important to his fellow Berkshire Hathaway shareholders.
Markets

How To Take Advantage Of Warren Buffett’s #1 Investment Idea

[credit provider=”Theo Wargo / Getty Images” url=”https://secure.gettyimages.com/SubscriptionDownload/Download/137296600″] Earlier this week, Warren Buffett suggested that the top investment right now is in housing—specifically, buying distressed houses with cheap leverage and renting them out.We wanted to talk to someone in the know about just how good an idea this really is.
How To Take Advantage Of Warren Buffett’s #1 Investment Idea
Markets

About Those High Gasoline Prices… Look Again

[credit provider=”flickr” url=”http://www.flickr.com/photos/shadybird/3354136181/sizes/l/”] February 29, 2012 Santiago, ChileIn Warren Buffett’s latest round of gold-bashing last weekend, he described all the gold in the world as a useless cube that would fit snugly within a baseball infield.If you owned such a cube, you would only be able to ‘fondle’ it… but […]
About Those High Gasoline Prices… Look Again
Markets

Fat Finger Alert: There May Have Been Two Mini Flash Crashes Last Week No One Noticed

[credit provider=”Andrew Burton / Getty”] Themis Trading, a brokerage firm known for its anti-high frequency trading stance, believes two stocks may have experienced mini flash-crashes Thursday, the Wall Street Journal’s Steven Russolillo reports.At 9:55 a.m. that day, shares of Thermo Fisher Scientific and Pall Corporation plummeted more than $1, only […]
Fat Finger Alert: There May Have Been Two Mini Flash Crashes Last Week No One Noticed
Markets

Warren Buffett’s Greatest Fear: An Inevitable Nuclear, Chemical Or Biological Attack On The US

[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] In an hours-long interview with CNBC this morning, Warren Buffett admitted that his biggest fear for the U.S. economy is not growth, public debt, Europe, or any of the many threats that generally top economists’ worry lists.It’s actually a nuclear, biological, or chemical attack. Even so, an […]
Warren Buffett’s Greatest Fear: An Inevitable Nuclear, Chemical Or Biological Attack On The US
Markets

Warren Buffett’s #1 Investment Idea

[credit provider=”Lisa Du with www.flickr.com” url=”http://www.flickr.com/photos/kitpfish/439948781/”] We’ve been liveblogging Warren Buffett’s appearance on CNBC, and in watching him it’s clear which investment idea stands out above all of the others for him: Housing.Specifically, he likes the idea of actually buying distressed houses with cheap leverage, and renting them out.
Warren Buffett’s #1 Investment Idea
Markets

HORMONES, MISTAKES AND MOYNIHAN: Here Are The Highlights From Warren Buffett’s Annual Letter

[credit provider=”Mario Tama / Getty Images” url=”http://www.gettyimages.com/detail/news-photo/warren-buffett-chairman-and-ceo-of-berkshire-hathaway-looks-news-photo/101563635″] Warren Buffett’s annual letter to Berkshire Hathaway’s shareholders is a must-read for both novice and advanced investors.It’s a treasure trove of investment insights, management tips, and witty witticisms. 
HORMONES, MISTAKES AND MOYNIHAN: Here Are The Highlights From Warren Buffett’s Annual Letter
Markets

WARREN BUFFETT: ‘Hormones’ Will Help Spark A Housing Recovery

[credit provider=”DavidMartynHunt via Flickr” url=”http://www.flickr.com/photos/davidchief/3996254001/sizes/l/in/photostream/”] Warren Buffett regrets being a little early on going bullish on housing.  From his annual letter to Berkshire Hathaway shareholders:Last year, I told you that “a housing recovery will probably begin within a year or so.” I was dead wrong. We have five businesses whose […]
WARREN BUFFETT: ‘Hormones’ Will Help Spark A Housing Recovery
Strategy

Warren Buffett’s 4-Word Secret To Business Success

[credit provider=”By anyjazz65 on Flickr” url=”Flickr”] From Warren Buffett’s annual shareholder letter, here’s a gem…”Buy commodities, sell brands” has long been a formula for business success. It has produced enormous and sustained profits for Coca-Cola since 1886 and Wrigley since 1891. On a smaller scale, we have enjoyed good fortune […]
Warren Buffett’s 4-Word Secret To Business Success
Markets

Another Genius Investment From Warren Buffett

I consider myself a bit of a Buffettphile – but I did not even know Berkshire had a sizeable agricultural machinery operation. Sure agriculture has been good and because the capital equipment is a lean off that it has been very good. But this throw-away quote from the annual letter […]
Another Genius Investment From Warren Buffett
Markets

Warren Buffett Admits To 5 Big Mistakes

OMAHA, Neb. (AP) — The Oracle of Omaha earned his nickname — and more than a few billion dollars — by spotting investments that others overlooked, but Warren Buffett makes mistakes.
Warren Buffett Admits To 5 Big Mistakes
Markets

Don’t Expect Warren Buffett To Take Any New Positions In Derivatives

[credit provider=”edbrambley via Flickr” url=”http://www.flickr.com/photos/edbrambley/3262809335/sizes/m/in/photostream/”] In his 2002 letter to Berkshire Hathaway shareholders, Warren Buffett dubbed derivative securities as “financial weapons of mass destruction.” However, he has also made it widely known that he has huge investment positions in derivatives.  Specifically, he is long long-dated call options on the S&P 500, […]
Don’t Expect Warren Buffett To Take Any New Positions In Derivatives
Markets

Warren Buffett Lists Every Mistake He Made Last Year

[credit provider=”Bloomberg TV”] By Andrew FryeWarren Buffett bought oil stocks near the peak of an energy boom, declined to spend $35 million on a growing television station and swapped a Berkshire Hathaway Inc. stake for a shoe company he later said was worthless.
Warren Buffett Lists Every Mistake He Made Last Year
Strategy

12 Crazy Activities These CEOs Do In Their Spare Time

[credit provider=”www.flickr.com and www.flickr.com” url=”http://www.flickr.com/photos/[email protected]/5558142364/”] Having a high-stress job can definitely take a toll on someone’s mind and body. Especially if you’re running an entire company. Most CEOs get up early and they’re passionate about their jobs so it makes sense that they need a stress-reliever to completely free them of all work-related […]
12 Crazy Activities These CEOs Do In Their Spare Time
News

Check Out The New Tax-Hikes In Obama’s Budget

[credit provider=”Flickr / 401K” url=”http://www.flickr.com/photos/[email protected]/6757856139/sizes/l/in/photostream/”] The Obama Budget is going to mean tax-increases. Notice how he can’t just call them tax and revenue increases, they are “American Values” about “fairness.” You see, even budget documents are campaign documents:
Check Out The New Tax-Hikes In Obama’s Budget
Markets

How Listening To Warren Buffett Can Be Dangerous For Your Portfolio

Warren Buffett recently wrote an article in Fortune (a cut from his forthcoming shareholder letter) which explains why he prefers owning businesses (either outright or through the stock market) than owning currency based investments (bonds, cash) or gold. Buffett’s writing and thinking is a model of clarity. Kid Dynamite’s highlighting and analysis is a […]
How Listening To Warren Buffett Can Be Dangerous For Your Portfolio
Strategy

11 Inspirational Quotes From Legendary Billionaires

[credit provider=”wikipedia” url=”http://en.wikipedia.org/wiki/File:Andrew_Carnegie,_three-quarter_length_portrait,_seated,_facing_slightly_left,_1913-crop.jpg”] From robber barons to TV personalities, the world’s billionaires didn’t get rich without acquiring some wisdom along the way.Thanks to MyComeUp.com for compiling some of the best billionaire quotes.
11 Inspirational Quotes From Legendary Billionaires
Markets

Warren Buffett Explains Why Stocks Are Obviously Better Than Gold

[credit provider=”Lisa Du with www.flickr.com” url=”http://www.flickr.com/photos/kitpfish/439948781/”] Warren Buffett watchers won’t be surprised by the news that the Berkshire Hathaway CEO is not a fan of gold, and instead prefers investments in real productive enterprises.In the latest issue of Fortune, Buffett has a “preview” of his upcoming annual shareholders letter, which […]
Warren Buffett Explains Why Stocks Are Obviously Better Than Gold
Markets

The Secret To Incredible Returns From An Old Market Legend

[credit provider=”New York Daily News Archive /Getty Images”] “Every human problem is an investment opportunity if you can anticipate the solution,” the old gentleman told me. “If not for thieves, who would buy locks?”I just met this remarkable fellow, full of wisdom on investing, yet hardly known beyond a small […]
The Secret To Incredible Returns From An Old Market Legend
Markets

Honolulu’s GDP Is Equal To The Net Worth Of Warren Buffett

[credit provider=”YouTube” url=”http://www.youtube.com/watch?v=XnmVFx6i35k”] The GDP of Tallahassee, FL was only 1% more than the net worth of Facebook founder Mark Zuckerberg.The GDP of the Denver, CO area was about $157 bln, slightly less than the enterprise value of Google.
Honolulu’s GDP Is Equal To The Net Worth Of Warren Buffett
Markets

Berkshire Hathaway’s $5 Billion Investment in Goldman Sachs in 2008 Has Resulted in a 50% Return

[credit provider=”wikimedia” url=”http://commons.wikimedia.org/wiki/File:Warren_Buffett_KU_Visit.jpg”] On September 24, 2008, Berkshire Hathaway (BRK.A), (BRK.B) and Goldman Sachs (GS) entered into an agreement in which Berkshire Hathaway purchased $5 billion of Goldman’s preferred shares paying a 10% dividend. Berkshire also received warrants granting it the right to buy $5 billion of Goldman Sachs common […]
Berkshire Hathaway’s $5 Billion Investment in Goldman Sachs in 2008 Has Resulted in a 50% Return
Markets

10 Ways That Warren Buffett Screens Stocks

As regular readers will know, we recently took a look at Warren Buffet’s investment approach from a quantitative perspective. Although the best primary source of Buffett’s thinking are his Berkshire Hathaway Shareholder letters, it is left to others to ascertain his precise investment criteria as he does not explicitly disclose […]
10 Ways That Warren Buffett Screens Stocks
Markets

Here’s How Warren Buffett Convinced Wells Fargo To Pursue Investment Banking

[credit provider=”Bloomberg TV”] Bloomberg Market Magazine has a feature on Wells Fargo’s expansion into investment banking this month, and it’s prefaced with a fascinating anecdote on how Warren Buffet inspired the bank into the venture.It was 2009, and Buffett’s Berkshire Hathaway—one of Wells Fargo’s biggest shareholders—had just announced they would […]
Here’s How Warren Buffett Convinced Wells Fargo To Pursue Investment Banking
Markets

These 10 Wall Streeters Are Friends With Some Pretty Awesome Celebrities

[credit provider=”Business Insider with AP”] As high rollers that constantly enjoy the spotlight of the media, it’s no surprise that the bonds of friendship have formed between some financiers and celebrities.The acquaintances have formed through business partnerships, working in the same charitable causes, or  everyone’s favourite past time: partying.
These 10 Wall Streeters Are Friends With Some Pretty Awesome Celebrities
Markets

Wharton MBAs: Lay Off Mitt, He’s Just Like Warren Buffett

[credit provider=”Jack Duval via flickr” url=”http://www.flickr.com/photos/cliffspics/149470904/”] Today, The Daily Pennsylvanian reports that despite the beating Mitt Romney and his former profession have taken recently, Wharton students are quick to offer support for the private equity industry. (ht/ to Dealbreaker)That support is less than surprising coming from business school students, many […]
Wharton MBAs: Lay Off Mitt, He’s Just Like Warren Buffett
Markets

How Rich Is Warren Buffett’s Secretary, Really?

Thanks to ABC, we now have a number on the difference between Warren Buffett’s tax rate, and his secretary’s.  According to the network, “Bosanek pays a tax rate of 35.8 per cent of income, while Buffett pays a rate at 17.4 per cent.”
How Rich Is Warren Buffett’s Secretary, Really?
Markets

Berkshire Hathaway Plans Benchmark Bond Sale To Refinance Portion Of Burlington Northern Debt

[credit provider=”Bossco” url=”http://www.flickr.com/photos/bossco/502885685/sizes/m/in/photostream/”] Bloomberg reports that Berkshire Hathaway, the holding company controlled by Warren Buffet, is planning a bond offering to help refinance debt it took on to acquire rail company Burlington Northern Santa Fe:Berkshire, which bought the railroad for $26.5 billion in 2010, may sell five- and 10-year notes in […]
Berkshire Hathaway Plans Benchmark Bond Sale To Refinance Portion Of Burlington Northern Debt
Markets

Warren Buffett Ups His Challenge To Congress To Pay Down The National Debt

[credit provider=”Bloomberg TV”] Billionaire investor Warren Buffett upped a challenge he announced last week to Congressional Republicans in an interview with Bloomberg TV’s Betty Liu this morning, saying he would donate 15% of his 2011 income to the national deficit if 10% of Congress does the same.Previously, the chair of […]
Warren Buffett Ups His Challenge To Congress To Pay Down The National Debt
Markets

Warren Buffett Sings ‘I’ve Been Working On The Railroad’ On A Chinese Variety Show

[credit provider=”Lisa Du with www.flickr.com” url=”http://www.flickr.com/photos/kitpfish/439948781/”] BEIJING (AP) — A hugely popular Chinese Lunar New Year variety show has a special guest star playing the ukulele: American billionaire Warren Buffett.Buffett is shown wearing a dark sweat shirt and singing the folk song “I’ve Been Working On The Railroad” in the […]
Warren Buffett Sings ‘I’ve Been Working On The Railroad’ On A Chinese Variety Show
Markets

A Quick Guide To Investing Like Warren Buffett

With the recent news of his investment in Tesco (LON:TSCO), we thought we’d take a look this week at a Warren Buffett stock screen using the Stockopedia Pro data-set. Buffett’s approach is a highly fundamentals-focused one which blends both Graham-esque value investing principles with an emphasis on the calibre of the […]
A Quick Guide To Investing Like Warren Buffett
Markets

These 22 Wall Street Titans Have Visited President Obama’s White House

[credit provider=”AP”] There’s this idea that Wall Streeters and officials at Obama’s White House are somehow at odds.But that’s mostly just a fantasy, and confined to the world of rhetoric. In fact there’s plenty of back and forth, with Wall Street well represented throughout the current administration.
These 22 Wall Street Titans Have Visited President Obama’s White House
Markets

Here’s Proof That The Japanese Idolize Warren Buffett

[credit provider=”Warren Buffett: An Illustrated Biography of the World’s Most Successful Investor”] We have to admit this is one of the most oddly compelling reads that’s come across our desk in a while.First published in Japan and translated into English in 2005, it tracks Buffett’s life through 2003.
Here’s Proof That The Japanese Idolize Warren Buffett
Markets

Berkshire’s 700 Million BAC Warrants Have Been Ignored By Many, But They’re Currently Worth $3.2 Billion

[credit provider=”via Forbes ” url=”http://www.forbes.com/2008/09/15/400list08_all_slide_3.html?thisSpeed=undefined”] On August 25, 2011, Bank of America announced the sale of $5 billion of 6% Cumulative Perpetual Preferred Stock to Berkshire Hathaway.  The preferred stock is redeemable by Bank of America at any time at a 5 per cent premium.In conjunction with this agreement, Berkshire also received […]
Berkshire’s 700 Million BAC Warrants Have Been Ignored By Many, But They’re Currently Worth $3.2 Billion
Markets

10 Things You Need To Know This Morning

[credit provider=”Shutterstock” url=”http://www.shutterstock.com/gallery-842245p1.html”] Good morning. Here’s what you need to know. Markets are booming in Europe, with the German DAX, French CAC, and Italian FTSE MIB gaining 1.3%, 1.2%, and 3.2%, respectively. Trading in Asia was mixed overnight.  U.S. stocks are moving sideways early in the tradin session. Italy and […]
10 Things You Need To Know This Morning
Markets

Warren Buffett To Republicans: I’ll Match Every Dollar You Contribute To Pay Down The Debt

[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] In the latest issue of Time magazine, Warren Buffett makes an unusual proposal: he will voluntarily contribute additional taxes to help pay down the national debt, but only if Republicans in the Senate do the same.Buffett has pledged to match all donations on a one-to-one basis, with […]
Warren Buffett To Republicans: I’ll Match Every Dollar You Contribute To Pay Down The Debt
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