[credit provider=”Magic Robot via Flickr” url=”http://www.flickr.com/photos/magicrobot/2165160308/sizes/z/in/photostream/”] It’s no big secret that millennials are scared silly at the thought of investing in the stock market.With employment still sputtering along and home ownership little more than pipe dream, the so-called graduates of the recession are mainly focused on finding a job and […]
Try talking to someone at over cocktails about Richard Cordray, Freddie Mac, the SEC’s new settlement guidelines or any of the other weighty headlines of the week and their eyes will glaze over.
[credit provider=”Lisa Du with www.flickr.com” url=”http://www.flickr.com/photos/kitpfish/439948781/”] Warren Buffett has decided to grace China with his musical talents—the investment genius and head of Berkshire Hathaway has recorded a video of himself playing guitar and singing for China’s annual Lunar New Year gala, according to various media sources.The gala is lengthy variety […]
Yesterday, we brought you the more details on two of the newest hires at Berkshire Hathaway.
[credit provider=”The Daily Ticker” url=”http://finance.yahoo.com/blogs/daily-ticker/buffett-hidden-agenda-comes-higher-taxes-james-altucher-185244171.html”] Since Warren Buffett announced he was going to be hiring new managers for his Berkshire Hathaway portfolio and possibly take over after him in 2007, he’s brought two hedge funders aboard: Todd Combs, formerly of Castle Point Capital, and Ted Weschler of Peninsula Capital Advisors. […]
The Wall Street Journal has a telling narrative out today about Fidelity Investments’ attempt to game the Q+A raffle system with Warren Buffett at the annual Berkshire Hathaway shareholder meeting.
[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] Every year, investors flock to “Woodstock for Capitalists” — the shareholders’ meeting for Berkshire Hathaway — in hopes of posing a burning question to the Oracle of Omaha himself.Over 30,000 people attend the meeting, but only about 50 questions are allowed at the Q+A session with Warren Buffett. […]
[credit provider=”flickr”] The 1% is feeling lonely.No matter what you think about Occupy Wall Street, their message has put income inequality right in the centre of the American conversation — and it doesn’t make the so-called “1%” look good at all.
If Warren Buffett hadn’t bought preferred stock when he injected $5 billion into Bank of America, he would now be down more than $1.5 billion.
[credit provider=”AP”] Do you ever wonder what makes a leader particularly influential, likable, or successful?It’s all about how they communicate, says Ben Decker, president of Decker Communications, a San Francisco-based firm that has counseled clients like Charles Schwab and Pfizer on how to refine their skills.
CBS “60 Minutes” reported that Warren Buffett, “the Oracle of Omaha, has recommended his son Howard to succeed him as chairman of Berkshire Hathaway.
[credit provider=”CBS 60 Minutes” url=”http://www.cbsnews.com/video/watch/?id=7391352n&tag=segementExtraScroller;housing”] CBS “60 Minutes” reported that Warren Buffett, “the Oracle of Omaha, has recommended his son Howard to succeed him as chairman of Berkshire Hathaway. In this role, Howard will serve as a non-executive, non-paid chairman of the board. He will not be responsible for day-to-day company […]
[credit provider=”AP Images” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=howard%20buffett&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1323549496&pagez=60&cfasstyle=AND&rids=5319ee7c67e4da11af9f0014c2589dfb&dbm=PY2004&page=1&xslt=1&mediatype=Photo”] Billionaire investor Warren Buffett is well-known for his brilliant and colourful quotes on investing.But one his best quotes ever may have been about parenting.
That Howard Buffett will succeed his father as Chairman of Berkshire Hathaway is on the surface a surprising move by one of the savviest investors in the world. Howard has no traditional business or management background and appears to have no deep understanding of finance or markets.
[credit provider=”Bruce Krasting’s My Take On Financial Events” url=”http://brucekrasting.blogspot.com/2011/12/another-sweet-deal-for-buffett-who-pays.html”] Yesterday, First Solar (FSLR) announced that it had sold its interests in a big solar project called Topaz. The buyer was MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway. So Warren B. is behind the transaction. I think he got another […]
[credit provider=”YouTube” url=”http://www.youtube.com/watch?v=SdLUNLW75ng”] CBS “60 Minutes” reports that Warren Buffett, “the Oracle of Omaha,” has selected his son Howard to succeed him as chairman of Berkshire Hathaway. Howard Buffett will serve as non-executive chairman of the board. He will not be responsible for day-to-day company operations.Howard currently serves on the […]
[credit provider=”Flickr” url=”http://www.flickr.com/photos/myretailmedia/5818566210/”] If you are open to living in the bustling borough of Omaha, NE, notable for its low cost of living and an investor conference that happens once a year, then this job opening (via @Kelly_Evans) may be for you.Yes, Warren Buffett is looking for a new assistant.
We’ve been in a yield crisis for the past decade and it won’t get better soon, according to SocGen’s star quant Andrew Lapthorne.
[credit provider=”Stockmarketinvesting101″] The Omaha World-Herald company owns seven daily newspapers in Nebraska and Iowa, and by the end of next month, it will likely be owned by Warren Buffett’s Berkshire Hathaway. You can read the full press release here.This is all, of course, pending regulatory approvals as well as approval […]
In a CNBC interview yesterday, Warren Buffett summed up the Euro crisis in just a few sentences. Basically, ceding monetary sovereignty by eliminating currency issuance and the linkage between the central bank and treasury (which doesn’t exist in Europe) is a very bad idea:
Congress officials may not be the only ones taking advantage of insider information discussed in key policy meetings behind closed doors.
[credit provider=”Michael Philip Manheim / EPA (via Flickr)” url=”http://www.flickr.com/photos/usnationalarchives/sets/72157620726678645/”] Don’t blame yourself if you missed a few key things this week. Even with one eye on CNBC and the other on your Bloomberg terminal, it’s likely you’d only remember the details emerging from Occupy Wall Street.Occupy dominated headlines after New […]
The 99% love Warren Buffett because he thinks rich people should pay more taxes.
In a post at Realmoney.com, investor Doug Kass, a well-known longtime Buffett fan reveals that he just sold Berkshire Hatthaway.
[credit provider=”via Forbes ” url=”http://www.forbes.com/2008/09/15/400list08_all_slide_3.html?thisSpeed=undefined”] Earlier in the day, Warren Buffett announced on Squawk Box that he had bought a huge stake in IBM.That raised eyebrows because Buffett is famous for not investing in tech.
[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] Warren Buffett, the oracle of Omaha, is one of the wealthiest people in the world. But he’s also known as the billionaire next door. He comes off as humble and sometimes uses self-deprecating humour.Buffett also uses extremely easy-to-understand language when referring to business and investments.
Warren Buffett says he took all his money out of investments in European sovereigns over a year ago, and he probably won’t reinvest anytime soon.
Warren Buffett is on CNBC this morning talking about the Buffett tax.
[credit provider=”Flickr” url=”http://www.flickr.com/photos/myretailmedia/5818566210/”] ORIGINAL POST: Just now on CNBC, Warren Buffett gave a clue on his next investment.The clue is “Harold.”
[credit provider=”CNBC”] Warren Buffett is on CNBC.We’ll be covering his notable comments LIVE as warranted.
[credit provider=”AP”] Warren Buffett is on CNBC this morning, talking Europe, housing, the economy, and of course the election.A few thoughts on politics:
[credit provider=”Randy Son Of Robert, Flickr” url=”http://www.flickr.com/photos/
[email protected]/431084690/”] Berkshire Hathaway CEO Warren Buffett is on CNBC talking the various issues of the day.We’re covering LIVE here.
Forbes magazine released the 2011 World’s Most Powerful People list last week.
[credit provider=”Flickr” url=”http://www.flickr.com/photos/myretailmedia/5818566210/”] Berkshire Hathaway, the conglomerate owned by billionaire Warren Buffett, said Q3 net profits fell 23.8% to $2.28 billion or $1,380 per share.Profits were buffeted by $1.59 billion of losses on derivatives, much of which were unrealized losses.
They both think they should be paying higher taxes.
His name is Nicolas Berggruen, and he is the subject of a new profile in Bloomberg Markets magazine.
(Written by Alexander Crawford, list compiled by Eben Esterhuizen, CFA. BVPS and EPS data sourced from Yahoo! Finance, all other data sourced from Finviz. Data sourced October 12, 2011.)
[credit provider=”neomusicstore via flickr” url=”http://www.flickr.com/photos/neomusicstore/5044603342/sizes/m/in/photostream/”] Meanwhile…Rap superstar Jay-Z and “The Oracle of Omaha” Warren Buffett have teamed up to launch a financial literacy program for kids, according to The Money Coach.
Warren Buffett just wrote a letter to Congressman Tim Huelskamp that states his (huge) 2010 income and the (relatively tiny) check he wrote to the IRS last year.While doing so, he threw down the gauntlet. Warren Buffett will pay you whatever amount you wager IF:
In a letter written to Congressman Tim Huelskamp (R), Warren Buffett reveals how much money he made in 2010.
President Barack Obama’s proposed “Buffett Rule” has been nothing short of controversial, and everyone is weighing in on the feasibility of the tax on millionaires and what it means for America. From denouncements of class warfare by Congressional Republication to showers of support from Americans, we’ve heard about it all. The […]
via Redfin
[credit provider=”Stockmarketinvesting101″] Warren Buffett was at the Fortune Most Powerful Women conference today, and was interviewed by Carol Loomis.His read on the economy was pretty interesting.
Pressed by House Republicans and the Wall Street Journal editorial board to release a copy of his tax returns to justify the so-called “Buffett tax,” the Oracle of Omaha said he would comply if News Corp CEO Rupert Murdoch did the same.
[credit provider=”YouTube” url=”http://www.youtube.com/watch?v=dbkt2HNLLfU”] Speaking at Fortune’s Most Powerful Women Summit, Goldman’s Lloyd Blankfein said he sees Warren Buffett a source of “wise counsel to policymakers” and told the Oracle of Omaha to “keep taking my calls.”Clearly September annihilated hedge fund returns.
[credit provider=”Bloomberglink.com” url=”http://www.bloomberglink.com/gatherings_participants_bio.php?gathering=38&Id=942″] Bank of America and Morgan Stanley are getting slammed — BofA is lower than $6 for the first time since February 2009.
Berkshire Hathaway CEO Warren Buffett hosted a fundraiser for the Obama campaign on Friday, with a ‘disappointing’ turnout, one guest told The New York Post.
I’ve had several people ask me what I think about the “Buffett Tax” that arose from Warren Buffett’s recent op-ed piece in the New York Times titled Stop Coddling the Super-Rich where he argues for higher tax rates on the super-rich.
While Buffett hemmed and hewed in his usual populist rhetoric, discussing how multi-billionaires can afford to be generous with other people’s tax rates, all of it completely unremarkable and highly hypocritical, the Octogenarian did release, whether by accident or on purpose, something quite critical, namely that European banks have approached […]
And now it looks like whether you agree that Warren Buffett threw President Obama under this bus this morning on CNBC or not, the Republican National Committee thinks he did.
A lot of people are talking about what Warren Buffett just said on CNBC because it sounded controversial, like he might have disagreed with Obama’s tax and stimulus plans.
This is Debbie. If taxes go up, it might be her fault.
In his speech before a joint session of Congress on Sept. 8, President Obama said, “Ultimately, our recovery will be driven not by Washington, but by our businesses and our workers.”
[credit provider=”AP”] With just five days to avert a government shutdown, congressional lawmakers have made little progress at ending a weeks-long stalemate over disaster aid.The House passed a temporary spending bill on Thursday night before leaving town for the week, which included spending cuts to green jobs programs to offset an […]
[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] Earlier today, Berkshire Hathaway announced that it would be buying back Class A and B shares. The company will pay no more than a 10% premium to book value.”If we are correct in our opinion, repurchases will enhance the per-share intrinsic value of Berkshire shares, benefiting shareholders […]
[credit provider=”AP”] Heeding Warren Buffett’s provocative advice from a month-old New York Times commentary, President Obama has proposed the “Buffett Rule”—a so-called millionaire’s tax that Buffett boldly predicted would be welcomed by his fellow super-rich.But you won’t guess who refused to take a stand on whether they’re for or against […]
New York City Mayor Michael Bloomberg told NBC News’ David Gregory that he is troubled by President Barack Obama’s rhetoric on the so-called ‘Buffet Rule.’
[credit provider=”AP Photo/Charles Dharapak”] The Senate rejected the House funding measure to avert a shutdown Friday morning, setting off a high-stakes game of political showmanship with one week until the government runs out of money.In mostly party-line vote, the upper chamber tabled the House bill, which would have funded the […]
[credit provider=”AP”] An already contentious debate over funding the government past September 30 intensified Thursday as Republicans amended their bill to be more amenable to GOP lawmakers and Democrats pledged to oppose it.In what is at latest government shutdown threat this year, without action by the start of the new […]
[credit provider=”AP Photo/Pablo Martinez Monsivais”] In a fiery political — and personal — speech in Cincinnati to push his jobs plan, President Barack Obama called out Speaker of the House John Boehner on his home turf.Speaking in front of a “functionally obsolete” bridge miles from Boehner’s home district that connects […]
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The 30th annual Forbes 400 list of billionaires is out.
Among the 400 richest billionaires in America, there were only six who lost more than $1 billion in the past year.Ray Dolby lost $1.2 billion after Dolby shares tanked. Cargill MacMillan, Marion MacMillan Pictet, Whitney MacMillan and Pauline MacMillan Keinath each lost $1.2 billion due to declining valuation for the […]
Gene Sperling, the Director of the National Economic Council, writes on the White House Blog that GOP criticism of the “Buffett Rule” as “class warfare” is misleading and unwarranted.
Warren Buffett has committed to headlining another fundraiser for his pal Barack Obama this fall, his second in the span of just one month.
A new Gallup poll finds that 66 per cent of Americans back President Barack Obama’s plan to increase taxes on the wealthy by allowing the Bush tax cuts to expire, while 70 per cent back his plans to eliminate some corporate deductions.
[credit provider=”AP”] The Associated Press fact-checked President Barack Obama’s assertion that the rich are taxed at a lower rate than their secretaries, and found that on average, Obama’s claim doesn’t hold water.Obama was paraphrasing Warren Buffett, who claimed he has a lower effective tax rate than his secretary — though […]
This morning, as part of his broader deficit reduction plan, President Obama called for a new rule that would raise taxes on the the wealthiest Americans. The proposal was quick to spark reaction from Republicans, who labelled it “class warfare.”
[credit provider=”wordle.net”] For those of you who want to read it the old fashioned way, here’s the full speech:
[credit provider=”AP Photo/Paul Sancya”] President Barack Obama unveiled his deficit reduction proposal this morning, including $1.5 trillion in tax increases.Calling once again for an end to partisanship, Obama gave a decidedly political speech — slamming Speaker of the House John Boehner’s opposition to tax increases.
President Barack Obama will announce his deficit plan this Morning, which will include $1.5 trillion in new taxes for the wealthy and corporations.
[credit provider=”AP Photo/Kevin Lamarque, POOL”] President Barack Obama will ask the Super Committee to double its mandate and cut $3 trillion from the federal deficit, according to White House officials, with half of the savings coming from tax increases on corporations the wealthy.Republicans have already rejected a central component of […]
President Barack Obama and Treasury Secretary Tim Geithner will make back-to-back appearances Monday morning to introduce the administration’s new tax plan.
[credit provider=”Wikimedia Commons”] Senate Minority Leader Mitch McConnell (R-KY) rejected the “Buffett Rule,” President Barack Obama’s plan to create a new minimum tax rate for those making over $1 million a year.In an appearance on NBC’s Meet The Press, McConnell told David Gregory that there is bipartisan opposition to the […]
Jim Cramer thinks Bank of America is bottoming.
Today Berkshire Hathaway announced that it the hiring of Ted Weschler to be a portfolio manager at the company.
[credit provider=”Flickr.com Janis Jaquith” url=”http://www.flickr.com/photos/jaquith/3460859051/sizes/m/in/photostream/”] Warren Buffett announced this morning that Ted Wheschler, a hedge fund managing partner from Charlottesville, Virginia, will soon join Berkshire Hathaway to run its equities portfolio.Weschler, 50, told his limited partners that he will be winding up his fund, Peninsula Capital Advisors, in order to […]
[credit provider=”The Daily Ticker” url=”http://finance.yahoo.com/blogs/daily-ticker/buffett-hidden-agenda-comes-higher-taxes-james-altucher-185244171.html”] Yesterday Warren Buffett got dragged through the mud a bit, after news emerged that Berkshire Hathaway is just a, uh, tad behind on its taxes. But today is a time of celebration… why? Because it’s Buffett’s 81st birthday! And while Buffett will probably spend the […]
At the movie premiere party for Too Big To Fail, Devon Spurgeon, Warren Buffett’s chief of staff, allegedly* got rid of a pesky Observer reporter who was asking about investing in farmland using a firm voice and a slick business card.
Remember when Warren Buffett — a staunch Obama supporter — said that rich people like him would be willing to pay more taxes to help out? If you do, it will probably shock you that his company, Berkshire Hathaway, has back taxes dating back to 2002.
[credit provider=”AP”] A few random thoughts on the BofA – Buffett deal. This deal is $5b. A fair bit of change. But it is also small beer for a bank with $2.2 Trillion of assets.The stories that went around re BAC were related to the following issues:
Buffett is expected to co-host a fundraiser next month in New York for Obama’s re-election campaign. The tickets could cost as much as $38,500.
Warren Buffett’s $5 billion investment in struggling Bank of America is the latest iteration of a business philosophy that you might call dollar patriotism.
How cute – a well known technology blogger decides to enlist the help of the average investor to crack the case of Bank of America.
Warren Buffett is making a 10.5% annual return on his Bank of America investment once you account for the value of his stock options, investment manager Doug Kass says.This, Kass adds, is the equivalent of Bank of America having sold stock to Buffett at $4 a share.
As Bloomberg is reporting today, “BofA Says Berkshire Will Invest $5 Billion.”
These 9 hedge fund managers, some of the biggest Bank of America shareholders, just got a bit of a double-edged reward.They’ve made millions this morning, after shares of Bank of America have been on the rise ever since Warren Buffett announced that he’s investing $5 billion in the firm. But […]
The U.S. Treasury Department played no role in Berkshire Hathaway’s $5 billion investment in Bank of America, sources say.Neither did President Obama.
[credit provider=”youtube.com” url=”http://www.youtube.com/watch?v=o8Peyy2WcCM”] Fairholme’s Capital Bruce Berkowitz just made around $128.5 million since yesterday’s close in his stake with Bank of America, assuming he owns at least as many shares in the firm as he did on June 30th.This morning Berkshire Hathaway’s Warren Buffett announced he would purchase 50,000 preferred […]
Warren Buffett just announced that he’s making a landmark investment, $5 billion, in Bank of America.Bank of America was facing a free-falling stock price and a number of criticisms, including that it did not have enough capital, and that its assets were not worth what it claimed.
[credit provider=”AP”] It has been a crazy week for Bank of America.Shares of Bank of America surged more than 25% in pre-market trading Wednesday on news that Warren Buffett’s Berkshire Hathaway would purchase 50,000 preferred shares of the bank for $5 billion.
Billionaire Berkshire Hathaway CEO will host an “economic forum” fundraiser for President Barack Obama at the Four Seasons restaurant in Manhattan next month, the New York Post reports.
[credit provider=”AP Photo/Charles Dharapak”] White House Deputy Press Secretary Josh Earnest would not say whether President Barack Obama has a “framework” for his jobs plan.Briefing the press from Martha’s Vineyard where Obama is vacationing, Earnest provided few details about the president’s proposals to promote job creation and bring down the […]
[credit provider=”AP”] Sixteen of France’s wealthiest individuals have mimicked Warren Buffett’s call for an “exceptional tax levy” on the wealthy to help their country manage its debt burden.The announcement—published on the website of magazine Le Nouvel Observateur this week—surfaces just ahead a planned announcement by French President Nicolas Sarkozy on […]
Bank of America needs a capital raise to come from an angel investor, according to Jim Cramer.
[credit provider=”Flickr” url=”http://www.flickr.com/photos/aigle_dore/5238554034/#/photos/aigle_dore/5238554034/lightbox/”] In a petition published on the website of weekly magazine Le Nouvel Observateur 16 of France’s richest people have called for a new “special contribution” tax, reports The Globe and Mail.The petition, which includes L’Oreal heiress Liliane Bettencourt and oil company Total’s CEO Christophe de Margerie, seems […]
White House spokesman Josh Earnest told reporters Monday that President Barack Obama called billionaire Berkshire Hathaway CEO Warren Buffet earlier in the day to discuss the state of the economy.
Former American Express CEO Harvey Golub gives a major rebuttal to calls from Warren Buffett and Barack Obama for more taxes on the rich.
After all, the US ranks 64th in the world in income inequality. That’s better than Uruguay!
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