Earlier this week, Warren Buffett called bs on the Republican meme that raising taxes on deca-millionaires and billionaires will clobber the economy.His argument was persuasive–because raising taxes on billionaires won’t hurt the economy.
Or possibly socialism.
[credit provider=”Jeffrey’s blog” url=”http://jeffreymiron.com/about/”] Jeffrey Miron, the Director of Undergraduate Studies in the Department of Economics at Harvard University, rips apart Buffett’s op-ed about why the rich should pay higher taxes.In an op-ed in CNN, he writes that capital gains tax breaks (the ones that allow hedge fund managers to write-off […]
[credit provider=”Flickr” url=”http://www.flickr.com/photos/nasahqphoto/4251318245/sizes/l/in/photostream/”] Details are slowly emerging on President Barack Obama’s jobs and debt plan, a day after the White House leaked that the he will deliver a major address on the issues shortly after labour Day. The president will use the opportunity to encourage the “Super Committee” to embrace economic […]
President Barack Obama and other Democrats have been applauding Warren Buffett for once again stirring up the debate over taxes.
I do not understand why anyone on Wall Street still pays attention to James Altucher. While many of his stock advice columns are beautifully written, they are not worth the paper that they are written on. Whenever I have bought a stock on his recommendation, it has moved dramatically – […]
Berkshire Hathaway’s CEO Warren Buffett says he hasn’t read the Dodd-Frank Wall Street Reform and Consumer Protection Act.
[credit provider=”The Daily Ticker” url=”http://finance.yahoo.com/blogs/daily-ticker/buffett-hidden-agenda-comes-higher-taxes-james-altucher-185244171.html”] Warren Buffett wants the super-rich to pay more in taxes.In Monday’s New York Times, he writes that Congress has coddled the super-rich for too long and it’s time he and his uber-rich pals indulge in some “shared sacrifice.” Judging by your comments on our coverage […]
[credit provider=”Flickr” url=”http://www.flickr.com/photos/nasahqphoto/4251318245/sizes/l/in/photostream/”] President Barack Obama is turning to the ‘Super Committee’ to solve all of his administration’s problems with Congress.To head off steep cuts to both Medicare and the defence Department, Congress must pass $1.5 trillion in cuts to the federal deficit by the end of the year — […]
[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] What is it with billionaires these days? Buffett suggesting we need to tax him more? Stop coddling the super-rich he says. In other words, he’s saying “I’ve done such a fine job with my money, now I want to give more to a government that hasn’t.”
In an interview with Charlie Rose last night, Berkshire Hathaway CEO Warren Buffett called the 2012 Republican contenders “pathetic” over their opposition to raising taxes.
Warren Buffett’s latest 13F filing is out for Berkshire Hathaway.
[credit provider=”AP Photo/Carolyn Kaster”] President Barack Obama launched his three-day bus tour through the Midwest today, looking to escape mounting Republican criticism of his handling of the economy and convey the sense that he is taking leadership over it.With the economy still sluggish and unemployment above 9%, calls for Obama […]
President Barack Obama just endorsed Warren Buffett’s op-ed in the New York Times today calling on higher taxes on the wealthy.
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
Warren Buffett wants to pay more taxes.
[credit provider=”Stockmarketinvesting101″] Most of us took this week’s stock market as self-evident doom, but not Warren Buffett. He’s ‘never been better’. To Buffett, the S&P’s downgrading his company Berkshire Hathaway = opportunity.
America’s most trusted investor, Warren Buffett roundly dismissed the S&P downgrade in comments to Fox Business.
This year, Business Insider partnered with AskMen for their annual Great Male Survey; an extensive, month-long online poll that seeks to understand “exactly what it means to be a man.”
[credit provider=”Background GordonTarpley on Flikr” url=”http://www.flickr.com/photos/gordontarpley/4346865711/”] George Soros is retiring from money management.While the hedge fund titan will still invest his own family money, Soros is returning funds to all outside investors by the end of the year we found out today.
This is hilariously adorable.
Warren Buffett was at the White House today speaking with President Obama about charitable giving.
The best bridge player in America is a former options trader.The second best is a former commodities trader.
A shocking miss on jobs numbers this morning; unemployment climbed to 9.2%. (Here’s Jay-Z’s take on the report)
From CNBC yesterday morning.
Warren Buffett is known to like the ladies as much as the next guy, making the joke he just cracked on Bloomberg TV even better.
[credit provider=”CNBC”] LIVE from Sun Valley, Warren Buffett is on CNBC.On the debt ceiling he has a radical proposal: Get patriotic corporations to prepay taxes to help avoid a default.
[credit provider=”AP Images” url=”http://www.apimages.com/Search.aspx?st=k&remem=x&kw=Charles+Munger&intv=None”] Last Friday, Charlie Munger held his final intimate meeting with investors in Wesco, his investment company that is getting absorbed by Berkshire Hathaway, where Munger is Buffett’s right-hand man.The Inoculated Investor was at the grand finale and took notes paraphrasing Munger’s last pearls of wisdom (he’ll […]
Some really interesting data here via Meb Faber and the Empirical Finance site. They highlight just how hard it is to beat the market over long periods of time:
The latest reading on Warren Buffett’s favourite valuation metric shows a bit of a decline, but still elevated levels. The latest reading of 105% is still consistent with a market that is overvalued and unattractive from a pure value standpoint. In the past, Buffett has said that he prefers to […]
[credit provider=”eBay” url=”http://cgi.ebay.com/Power-Lunch-8-Warren-Buffett-benefit-GLIDE-/290572659660?pt=Tickets_Experiences&hash=item43a77aebcc”] Bidding to have lunch with Warren Buffett got underway last week on eBay and bidding battle began between two bidders: “s***l” and “o***r.””O***r” came out on top, with the winning $2,345,678 bid.
This is just too good: a picture of Warren Buffett, Bill Gates, and yes, Ludacris, hanging out.
[credit provider=”eBay” url=”http://cgi.ebay.com/Power-Lunch-8-Warren-Buffett-benefit-GLIDE-/290572659660?pt=Tickets_Experiences&hash=item43a77aebcc”] UPDATE: Since we posted this morning, the bid to have lunch with the Oracle of Omaha has climbed to over $2 million.Bidding to have lunch with Warren Buffett is already underway, with eBay bidder “s***l” at the top of the table with an $1,511,111 bid.
Insider Monkey follows hedge fund managers because they’re the smartest investors around. They leave less to chance than most investors. They go great lengths to get an “edge” over ordinary investors.
The data seem clear on David Sokol’s conflict of interest in the Berkshire/Lubrizol deal.
Want business advice from Warren Buffet? Inc.com compiled a list of videos that every entrepreneur should watch.
Warren Buffett had a short but memorable cameo on the season finale of The Office last night.
[credit provider=”NYP” url=”http://m.nypost.com/p/entertainment/tv/last_supper_HvTGK0cbI9ape6ttJDQJZJ”] HBO’s Too Big To Fail airs on May 23rd.The New York Post‘s Linda Stasi has already had a sneak preview and said, “Every performance is spot-on, every scene more enraging than the next in a perfect depiction of a very imperfect system.”
[credit provider=”Screen Grab via CNN Money” url=”http://money.cnn.com/video/news/2008/03/19/news.buffett.soapopera.cnnmoney/”] On Thursday evening, the 50-minute long season finale of The Office will air.Guess who will be in it. Warren Buffett!
NEW YORK (TheStreet) — Although he has traditionally focused his attention on opportunities based in the U.S., Warren Buffett appears more than willing to make deals in other corners of the global marketplace as well.
[credit provider=”wikimedia commons” url=”http://en.wikipedia.org/wiki/File:091507-USCNeb-MemorialStadium.jpg”] College sports are all about bragging rights. Everyone wants to be able to say, “My school is better than your school.”However, some schools would rather brag about their billionaire graduates than their (less impressive) sports teams.
[credit provider=”Fox Business Grab via YouTube” url=”http://www.youtube.com/watch?v=STkjF-YPHSM”] John Freund is not just Warren Buffett’s broker of 30 years.He’s also the man that inadvertently led Buffett to discover that his longtime lieutenant and potential successor, had deliberately deceived him over a Lubrizol trade that earned him $3 million.
Following his big annual shareholders meeting in Omaha, Berkshire Hathaway CEO Warren Buffett is on CNBC talking to Becky Quick.
Boy, this marriage went really ugly fast.
Warren Buffett says that if Congress doesn’t vote to raise the debt ceiling before it expires in mid-May, it would be their “most asinine act” ever.
[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] Warren Buffett and Charlie Munger don’t like gold (or silver), and they’re not eager to place any FX bets, but Buffett’s view on the dollar seems pretty unequivocally negative.Via Liz Claman, Buffett told the crowd in Omaha: No question that the purchasing power of U.S. dollar will […]
A big shadow looming over today’s Berkshire Hathaway Annual Shareholders Meeting is the David Sokol affair.
Most people think gold is a good buy because of “money printing” or general nervousness about global affairs.
[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Gorat_Steakhouse.jpg”] The annual Berkshire Hathaway shareholders meeting takes place in Omaha this weekend, and tens of thousands of stockholders are already flocking to the city to bask in Warren Buffett’s presence.The “Woodstock of Capitalism” is a virtual circus, complete with an exhibition fair, multiple steak dinners, and […]
Warren Buffett is widely regarded as the greatest living investor, having grown his company, Berkshire Hathaway, into an investing and business conglomerate valued at more than $200 billion. Along the way he’s made himself and his investors very rich. Today Buffett’s fortune is estimated at $50 billion, making him the […]
[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:School_of_Pterocaesio_chrysozona_in_Papua_New_Guinea_1.jpg”] The Berkshire Hathaway report released last night shines more light on the David Sokol-Lubrizol scandal, and what has so far remained a mystery — Warren Buffett’s reaction to it.In fact, the report even highlights the moment when Buffett first suspected that Sokol’s story about his Lubrizol holdings […]
[credit provider=”Scribd”] At the end of Warren Buffett’s statement about why David Sokol was suddenly leaving Berkshire Hathaway, he said he “held back nothing” in his explanation of the shock departure.But the company’s investigation into Sokol’s scandalous Lubrizol trades says otherwise.
Berkshire Hathaway shareholders who have been left fuming over Sokol-gate will finally get their chance to interrogate Warren Buffett at this weekend’s shareholder meeting, and Buffett is ready for the onslaught.
[credit provider=”CNBC”] The Berkshire Hathaway report into David Sokol’s actions over Lubrizol shows that he deliberately deceived his boss, and even tried at one point to let Buffett think a Citi banker had lied about who approached who first over the acquisition.A Lubrizol proxy filing already showed that it was […]
David Sokol’s lawyer says Warren Buffett lied or mis-remembered the facts: David Sokol told Buffett twice that he was invested in Lubrizol.
The purpose of the huge report Berkshire Hathaway just released about David Sokol is to insulate Warren Buffett from any suggestion that he did something wrong.
Warren Buffett had always spoken in such glowing terms of his Berkshire lieutenant, David Sokol, that the latter’s resignation last month was a complete shock to most.
What were you thinking, Warren? At his shareholders’ meeting, the oracle will have to answer for his biggest management bungle. In this week’s Newsweek, Buffett biographer Roger Lowenstein investigates the ethically “obtuse” side of the great investor.
[credit provider=”AP”] His name is Dan Clark. He’s 46. He’s a father of four. He has red hair. And he’s generally clean shaven.And for almost two decades, he has been Warren Buffett’s personal bodyguard.
A lone Berkshire Hathaway shareholder, Mason Kirby, is suing Warren Buffett, seemingly just for the hell of it.
[credit provider=”wikipedia” url=”http://en.wikipedia.org/wiki/File:John_D._Rockefeller_1885.jpg”] The richest Americans in history come primarily from several eras of extreme inequality.One group of robber barons, like John D. Rockefeller and Andrew Carnegie, lived between the Gilded Age and the Roaring Twenties.
Last week on CNBC, Michael Steinhardt bashed Warren Buffett, seemingly out of nowhere.
[credit provider=”CNBC”] David Sokol had more conversations with Lubrizol’s bankers at Citigroup “than previously disclosed,” it turns out.A Lubrizol proxy filing reveals that Sokol was informed by Citi bankers as early as December 17 — before he bought a second round of shares in the chemical company — that the […]
Augusta National is the most famous golf club in the world, because it’s also the hardest to get in to.
[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] In announcing the resignation of David Sokol, Berkshire Hathaway executive and possible successor, Warren Buffett said on March 30th, “Neither Dave nor I feel his Lubrizol purchases were in any way unlawful.”Buffett should have gone on to say, “I do, however, think David Sokol acted unethically.” But […]
Whitney Tilson has long been a big investor in Berkshire Hathaway, which dropped 4.6% in March.
Berkshire Hathaway Chairman Warren Buffett is the “greatest PR person of recent times” and has “managed to achieve a snow job that has conned virtually everyone in the press,” Wisdom Tree Investments Chairman Michael Steinhardt told CNBC Tuesday. “It is remarkable that he continues to do it.”
Did quirky Michael Steinhardt wake up on the wrong side of the bed?
Warren Buffett is a smart guy. Warren Buffett is a rich guy. Most folks assume a connection between the two…and that’s probably true. But Warren Buffett is also a lucky guy.
Suppose I took a call from a banker-friend at Citigroup on December 13, 2010, and he informed me that he had just observed other Citi bankers meeting with David Sokol, an executive of Berkshire Hathaway and possible successor to Warren Buffett, the CEO.
[credit provider=”CNBC”] Citi bankers who met with David Sokol to discuss the potential sale of Lubrizol were shocked that he subsequently bought shares in the chemical company, the WSJ reported.Sokol, a top executive at Berkshire Hathaway and a contender to succeed Warren Buffett, resigned from the company suddenly last week, […]
Warren Buffett has a reputation as a bit of a wordsmith; it’s not rare that he delights or surprises the coterie of media, investors and fans who follow him, with his steady stream of verbal gems.
As reputations go, Warren Buffett’s was Teflon. Charlie Gasparino on how his deputy’s strange trading profits reveal the Oracle of Omaha as—gasp!—another overambitious businessman.
Warren Buffett’s heir apparent, David Sokol, made a huge mistake when he bought shares in Lubrizol this winter.Importantly, Sokol made a huge mistake whether or not the SEC ever investigates the trades or decides that Sokol should be charged with insider trading.
With the massive news that David Sokol has resigned from Berkshire Hathaway, there are now five men that are the likely candidates to succeed the 80 year-old CEO.
Everyone will focus on the weird insidery-tradery aspect of David Sokol’s resignation from Berkshire Hathaway, where he was an heir apparent to Warren Buffett.
Berkshire Hat haway just announced that David Sokol, one of Warren Buffett’s top executives and a man who was said to be a major contender to succeed him, has suddenly resigned.
[credit provider=”AP”] Warren Buffett is prepared for anything, even Fed chief Ben Bernanke bailing on his job and running “off to South America with Lindsay Lohan” the 80-year-old joked in India, according to Dealbook.That’s why Berkshire Hathaway makes sure to keep about $10 billion in cash on hand for those […]
[credit provider=”trackrecord” url=”http://www.flickr.com/photos/trackrecord/178633669/”] If Warren Buffett has one recommendation investors should follow, it’s this: stay away from long-term fixed-income bets in U.S. dollars — the dollar’s purchasing power is heading south.According to Bloomberg, the Berkshire chief said in India yesterday:
When Warren Buffett speaks, droves of individuals on Wall Street and Main Street listen.
In 2003 I really disliked Warren Buffett. Like, I personally hated him. After 9/11 he stated “We’re going to have something in the way of a major nuclear event in this country. It will happen. Whether it will happen in 10 years or 10 minutes, or 50 years … it’s […]
Lloyd Blankfein’s testimony at the trial of Raj Rajaratnam Wednesday was a love note to Warren Buffett.
Lloyd Blankfein testified in court late this afternoon that if TARP had gone through more quickly, or was at least imminent on September 23rd, 2008, Goldman Sachs probably wouldn’t have done the deed with Berkshire Hathaway.
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Warren Buffett continues his whirlwind tour of Asia, and with him, Berkshire Hathaway’s reinsurance head, Ajit Jain.And Buffett said that if Jain wanted to become CEO, he could in a heartbeat: “the board of directors would probably put him in there in a minute,” Buffett told reporters.
On his tour of Asia, Warren Buffett said he’s looking to make big acquisitions in Korea, the U.S and the UK. And he’s bullish on a Japan recovery.The Fed accepted a ruling today that it must reveal which banks got federal funds from the discount window.
Warren Buffett, the world’s third-richest man, is still “wary” of investing in companies like Apple, according to a Bloomberg article about the billionaire.
Warren Buffett says there’s no way he’s selling his shares in Japan because of the earthquake.
Warren Buffett’s $5 billion investment — emergency loan — in Goldman Sachs back in September of 2008, clearly paid off.
Goldman Sachs is set to buy back $5 billion of preferred stock it sold to Berkshire Hathaway back in 2008 when its stock plummeted in the wake of the Lehman Brothers collapse, Bloomberg reports.
Or do they?
You know Suze Orman – she delivers hardcore financial gut checks to everyday Americans on a regular basis. In her latest book, The Money Class, she also recently delivered a pretty striking declaration: that the American Dream – which, for many, includes home ownership and upward economic mobility – is […]
Berkshire Hathaway(BRK-B ) may ultimately come out unscathed from the earthquake and nuclear disaster unfolding in Japan despite initial losses of $2.5 billion on stocks and derivatives, and too-early-to-quantify insurance and reinsurance claims.
HedgeFundLIVE — Early during Monday trading hours, it was announced that Warren Buffet’s Berkshire Hathaway Inc. will be acquiring Lubrizol Corp.
Like Lloyd Blankfein and David Einhorn, Warren Buffett was also lured into the interview room last year by the FCIC to help explain why the financial system collapsed.
During his interview with the FCIC back in May 2010, Warren Buffett and his interviewer got into a chat about Andrew Ross Sorkin’s book, Too Big To Fail.
Warren Buffett’s Berkshire Hathaway has just purchased Lubrizol, the chemicals maker, for $9 billion, according to the AP.
The timing of the SEC’s insider trading charges against former Goldman Sachs exec and McKinsey head, Rajat Gupta, apparently caused a massive fight between federal prosecutors and regulators.Warren Buffett was paid a $100,000 salary for 30th year straight.
Warren Buffett may have suffered paper losses of about $150 million from stakes in two global reinsurance giants, Swiss Re and Munich Re, because of the Japanese earthquake and tsunami.
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