There’s been a lot of talk about Warren Buffett‘s successor in the last few months; not least because in November a man called Todd Combs exploded into our lives and was dubbed Buffett’s “heir apparent.”
[credit provider=”wikimedia” url=”http://commons.wikimedia.org/wiki/File:Warren_Buffett_KU_Visit.jpg”] Warren Buffett doesn’t typically invest in new technology companies. But when he discovered BYD Auto, the Berkshire Hathaway Inc. (NYSE: BRK.A) chairman and CEO knew that he had found something special.BYD Auto – not to be confused with Boyd Gaming, whose stock symbol matches BYD’s initials – […]
Warren Buffett says he won’t be appointing a successor at least until he can’t dance anymore.
[credit provider=”wikimedia” url=”http://commons.wikimedia.org/wiki/File:Warren_Buffett_KU_Visit.jpg”] NEW YORK (TheStreet) — Warren Buffett is rightly famed for creating investor value, but as far as Berkshire Hathaway(BRK.B) shares are concerned, it’s harder to see what will trigger a sustained 2011 rally.This question doesn’t mean investors shouldn’t be paying attention to Berkshire Hathaway as a potential […]
To show just how excited he is to stave off retirement until “the bus hits,” (David Sokol‘s words, not ours) in an interview about his potential successors, Warren Buffett told Bethaney McClean that he “tap dances to work.”And just when he couldn’t get any cuter, he explains why he loves […]
[credit provider=”wikimedia” url=”http://commons.wikimedia.org/wiki/File:Warren_Buffett_KU_Visit.jpg”] We won’t know how much Berkshire Hathaway made in Q4 until midway through next month, but rallies in two of Warren Buffett’s stocks may have sent his equity portfolio surging by $6.3 billion, Bloomberg reports.Barclays thinks massive gains in Bershire’s top holdings – particularly Wells Fargo (23%) […]
[credit provider=”facebook”] Well we know Cara Goldenberg is more than just a pretty face; she’s one savvy businesswoman.Back in February, we were introduced to the 29-year-old hedge fund founder after news circulated that she’d sent Warren Buffett a note over Christmas (because she knew that he liked to spend the […]
Alpha Magazine annually publishes the list of best paid hedge fund managers.
NEW YORK (TheStreet) – A long-term proponent for the global economic recovery, over the past year, Warren Buffett has made a number of interesting decisions which have helped to position his portfolio for strength over the long term. One avenue some feel the famous investor has taken a particularly strong […]
Warren Buffett is seen as the market’s moral compass, an old time investor who remains cautious of financial innovation. But compared to his father, Warren is a high frequency trader.
Warren Buffett knew 9 fund managers who followed value investing approach would beat the market. In 1984, he gave a speech arguing that the Efficient Market Hypothesis is bogus. He listed 9 fund managers who always bought the business -not the stock- and performed much better than did the market.
According to the proponents of the Efficient Market Hypothesis, stock prices reflect all available information about companies and investors can’t beat the market indexes by stock picking. They say investors trying to find a secret formula are wasting their time because stock prices follow a random walk. Interestingly, this theory […]
Daniel Loeb, founder of New York based hedge fund Third Point, has more than $3.5 Billion in assets under management (AUM). He’s a very outspoken investor and a pioneer in activist investing. He made $150 Million in 2005, $200 Million in 2006, and $270 Million in 2007. Insider Monkey, your source […]
Warren Buffett wrote a huge wet kiss pro-bailout editorial in today’s New York Times.
For many years, I’ve been a fan of Warren Buffett’s long term approach to value investing. Understanding the value of a company, regardless of its momentary stock price, is a great long term investing strategy.
The most beloved capitalist in the world, Warren Buffett, has written another charming, thoughtful article in the New York Times.
Last comment regarding Warren Buffett’s appearance on CNBC this morning.
On CNBC, Warren Buffett is discussing his op-ed in the NYT, the bailout, and the state of current economic policy.
Warren Buffett is on Squawkbox right now defending the bailout, which he wrote an op-ed about in today’s New York Times.
Warren Buffett has come out defending the U.S. bailouts of banks and companies like GM, in a letter published by the New York Times.
[credit provider=”AP”] The Berkshire Hathaway 13-F is out!The most notable move, as CNBC just reported, is that Warren Buffett has taken a big 1.9 million share stake in BNY Mellon.
Goldman Sachs will not pay back Warren Buffett his $5 billion loan just yet, says the Wall Street Journal.
There are very few details known about Todd Combs, Warren Buffett’s newest portfolio manager and the man who’s expected to succeed Buffett when he retires.
Todd Combs, Warren Buffett’s new protege, is in the process of winding down Castle Point Capital, the hedge fund he ran for years out his Greenwich, CT office.
[credit provider=”AP”] ING has cut 5% of its U.S headcount in preparation for an IPO. The company began laying off 400 people yesterday.Blackstone’s senior managing director thinks that Warren Buffett criticises leveraged buyout firms because it furthers his own agenda as their rival.
Finally, a photo has emerged.After almost a week with no-one knowing what the heck Warren Buffett’s heir apparent, Todd Combs, actually looks like, a Bloomberg photographer snapped a pic at a hockey game in Stamford.
It’s 99% impossible to get a photo of Todd Combs, Warren Buffett’s heir apparent.
[credit provider=”AP”] A former BofA employee told the SEC the bank “aggressively pushed complex derivatives products on customers” – and told them the investments were “extremely conservative.”A photo of Warren Buffett’s heir apparent, Todd Combs, has finally been found. The only problem – it’s from 20 years ago.
It’s been notoriously hard to find a photo of Todd Combs, Buffett’s heir apparent.
So Warren Buffett has finally named his successor–or at least, told us who’s leading the running. His name is Todd Combs, a 39-year old hedge fund manager from Darien, Connecticut who got the (sort-of) job the old-fashioned way: he applied for it. Very little is known about him beyond some […]
Buffett’s replacement Todd Combs seems like an earnest, smart stock picker. But a $100B fund doesn’t need a stock picker, they need a deal-maker, a business manager, corporate strategist. Surely Buffett only grew into this role, starting as a pure stock picker, but he is truly sui generis, hardly something […]
Warren Buffett recently said the worst mistake he ever made was buying New England textile business “Berkshire Hathaway” in 1962.
30-nine year old Todd Combs got the portfolio manager’s dream job through, of all things, a job application.From the Wall Street Journal:
Elliott Management’s original $640 million stake in Delphi is now worth $1.54 billion. The former GM auto parts supplier, which exited bankruptcy last year, plans to go public in 2011.
It’s well known that Warren Buffett despises hedge fund managers’ pay schemes. He talks about it all the time. He’s said they don’t deserve the 2% in administrative fees and the 20% of the upside. Yet, Buffett went on to hire Todd Combs, who returned a whopping -5.7% in 2009, […]
Here’s what Todd Combs, Buffett’s newly named heir apparent, is invested in right now, according to his latest SEC filing.
Warren Buffett hired 39-year old Todd Combs, a former Connecticut hedge fund manager with $400 AUM (assets under management), to oversee Berkshire Hathaway’s portfolio.
Insider Monkey, your source for free insider trading data, likes Warren Buffett; he is one of the “insiders” this monkey imitates.
Is Warren Buffett going to give up his gains on BYD, the Chinese car company he’s been so bullish on?
Warren Buffett was famously bearish in the late 90′s and has happened to be very bullish at some of the most opportune moments to be buying equities. The world’s most famous investor claims to have no market timing ability, but still manages to make remarkable deals when stocks are severely […]
Is Berkshire Hathaway asking the SEC for special treatment?
Back in 2008, Warren Buffett’s $5 billion investment in Goldman Sachs did a lot to calm fears that Goldman was exposed to the subprime crisis.
Warren Buffett. We could jot down the nearly endless list of descriptives that would just begin to protray his followers’ feelings towards him. But it’s time consuming, so let’s just put this as a constant: He’s The Man.
Merrill Lynch‘s most senior UK investment banker has been poached by BarCap. Though neither bank will comment, sources close to the situation say Richard Taylor has given BAC his notice and will depart for BarCap.
BYD has been a big winner for Warren Buffett, but the Chinese car company has suffered setbacks, and his profits have eroded.
[credit provider=”Background Riza Nugraha on Flikr” url=”http://www.flickr.com/photos/rnugraha/6819353/”] Shares of rail company CSX are up 2% after hours following another strong earnings report, re-enforcing the fact that the rail industry in the US remains VERY strong, with nary a sign of a double dip.In early September we estimated that Warren Buffett […]
Guy Spier, the hedge fund manager of Aquamarine Capital in Switzerland goes into excruciating detail about his admiration for Warren Buffett in a new interview with Opalesque’s Matthais Knab. (Watch below)He’s obsessed with everything about the man, who he builds into a dynasty in the course of a 5 minute […]
[credit provider=”wikimedia” url=”http://commons.wikimedia.org/wiki/File:Warren_Buffett_KU_Visit.jpg”] The Oracle is the latest investing guru to warn about bonds at these levels.Fortune.com:
Warren Buffett is headed to China for a trip that will be heavily covered on CNBC.
Watching Warren Buffett and Jay Z talk to each other is so fun.
Really the entire debate as to whether the U.S. is in a recession or not comes down to definitions.
Now that Goldman is wasting their Partners’ time by making them email anyone who write or even replies (sans swear word) to an email with a harmless little “WTF” in it, we decided to create a public display of people on Wall Street using swear words like they’re part of […]
We’re not quite sure how best to reconcile this with the headlines earlier this week about Buffett declaring a robust recovery with no chance of a double dip.
Warren Buffett has never been too pessimistic on the economy, though he’s never been one to see consensus on the way up.
The rail industry has been red hot of late, with traffic hitting highs and hiring increasing, and Warren Buffett has been reaping the benefits.
[credit provider=”Background GordonTarpley on Flikr” url=”http://www.flickr.com/photos/gordontarpley/4346865711/”] Recent and major departures from the hedge fund kingdom – Stanley Druckenmiller, Paolo Pelligrini, Richard Grubman and Lou Simpson – signal a trend of investors retiring at a time when hedge funds show the worst results in recent memory.The wave started with Druckenmiller, who […]
Last year, Goldman’s Blankfein was #1 on Vanity Fair’s “Top 100” mogul list.
Apparently Whitney Tilson used a life expectancy calculator on the web to calculate how much longer Warren Buffett will live.
Famously called “the oracle of Omaha”, Warren Buffett often delights journalists and his fans with gems of essential business wisdom and humour.
In the latest SEC rulings on disclosure, the regulators apparently gave hedge fund managers their own version of Stunk and White’s “The Elements of Style,” a rule book on how hedge funds should write a “brochure.”
BREAKING! Not every major investment guru is walking further out on the yield curve in a bet on deflation.
It’s pretty hard to argue against how many billionaires, lead by Warren Buffett and Bill Gates, have pledged to give away large sums of their wealth. Yet in Germany, the move is being viewed with intense distaste from some of the super-rich.
Warren Buffett and Bill Gates are on a mission to convince the wealthy to donate half of their net worths to good causes.
David Sokol is a lot more fiery and controversial than the grandfatherly figure he reportedly might take over for.Last week Sokol was named one of two potential Warren Buffett successors. The other is Li Liu, a hedge fund manager who impressed Buffett with an awesome call on BYD.
One of a few hints billionaire hedge fund manager Dan Och is a wanna-be Warren Buffett: He tried to tell a joke orginally told by Warren Buffett at an investor conference in June. Before Och tried to lure investors to invest in his flagship fund, he joked, “Only when the […]
Billionaire hedge fund manager Dan Och, who is one of the founders of $25 billion Och Ziff, mucked up a joke he told at an investor conference in June this summer at the wrong time.Based on Bloomberg’s reporting of the event, Och seems to be trying to grow his fund, […]
Here’s a shockingly conclusive statement: That Warren Buffet’s successor will be Li Lu is “a foregone conclusion,” Charlie Munger, Berkshire’s 86-year-old vice chairman, told the Wall Street Journal.
Because his male muse, Michael Douglas, has aged so gosh darn well. He’s “like a fine wine” said the filmmaker.
Warren Buffett recently sat down with the Huffington Post and Yahoo News to answer the question you’ve always wanted to ask: what he does on the Internet.
France lost to South Africa today, sealing their fate of getting knocked out in the first round of the 2010 World Cup.
If the federal government will step in to help them, they are triple-A. If the federal government won’t step in to help them, who knows what they are? -Warren Buffett Our story has nothing to do with the endearing 1968 movie “Chitty-Chitty Bang-Bang” starring Dick Van Dyke and a flying […]
[credit provider=”CNBC”] From a PR point of view — and Warren Buffett cares deeply about his public image — yesterday was arguably the single worst day of Buffett’s life.He was dragged against his will — with a subpoena, no less — in front of the Financial Crisis Inquiry Commission, which […]
[credit provider=”CNBC”] Warren Buffett’s appearance in front of the FCIC resulted in very few fireworks. As we saw it, the Oracle totally charmed the panelists, preventing them from landing a blow on anyone.But this is interesting, especially if, like us, you think that state finances remain a growing economic problem.
[credit provider=”FBN”] From Charlie Gasparino at The Huffington Post:If Buffett is honest, (and if Angelides has the balls to press him) he will say that he doesn’t rely on the ratings of Moody’s or any other ratings agency because their basically worthless. The big raters have missed every market implosion […]
[credit provider=”CNBC”] Ok, that’s not exactly what he just said in his testimony at the Financial Crisis Inquiry Commission.But the Berkshire Hathaway CEO did say that CEOs of companies that needed public help should “go away broke.”
[credit provider=”CNBC”] Pay close attention today if you’re an investor in any one of the ratings agencies, like Moody’s (MCO) today.Warren Buffett will testify today in front of Phil Angelides’ Financial Crisis Inquiry Commission on the role of the ratings agencies in the financial crisis.
Hedge funds reported their first quarter 2010 long holdings yesterday.
The new Bolivian president, Evo Morales, has apparently encouraged the mass production of products made from the Coca leaf, the main ingredient in cocaine.
Warren Buffett is planning a possible trip to India next March, with an aim of investing in the subcontinents thriving insurance sector.
Business reporters love successful people. One reason more scrutiny was not brought to bear on financial institutions during the boom years by more reporters is that financial institutions are (or were) run by successful people. You can’t argue with success. Of course there are fewer successful people today. Even people […]
[credit provider=”US Navy”] Warren Buffett’s interview on CNBC has been almost entirely about Goldman Sachs (GS) this morning, a testament to how much this story has enveloped the financial industry. Becky quick has only asked a couple questions about the economy.Among them: The inflation question.
8:59: Interview over. This was not one of his more significant interviews.
Count Warren Buffett in the camp of folks who think the SEC’s fraud charge against Goldman Sachs is undeserved (at least based on the evidence presented so far).
Here are two quick takeaways from Buffettpalooza.
Today Berkshire Hathaway (BRK) holds its annual shareholders meeting in Omaha.
[credit provider=”CNBC”] This weekend’s Berkshire Hathaway (BRK) annual shareholders meeting should be (like all of them) a good one.There’s obviously plenty for Warren Buffett to talk about, from the economy, to the rail industry, and of course his portfolio company Goldman Sachs — and he will be talking about Goldman […]
This Saturday, Warren Buffett and Charlie Munger will be fielding a wide variety of questions from shareholders about Berkshire Hathaway’s (BRK.A) (BRK.B)
Berkshire Hathaway (BRK) CEO Warren Buffett has generally maintained a sterling reputation (as far as financiers go), but longtime observers know that he’s as good as any at taking advantage of public policy to suit his needs.
Berkshire Hathaway director Thomas Murphy has said that Warren Buffett still has faith in Goldman Sachs, and that Buffett is not worried about fraud accusations leveled at the company.
[preserve] [/preserve] How do Warren Buffet and Peter Lynch decide on their market moves?
Warren Buffett lost $950 million in Goldman Sachs (GSI) options today as the bank’s stock tanked as a result of the SEC filing fraud charges against the firm, according to Bloomberg.
Earlier on Bloomberg TV, Berkshire Hathaway board member Ronald Olson claimed the board has spent “a long number of years thinking about potential successors” to Warren Buffett and Charlie Munger.
According to Bloomberg TV, a roundtrip flight from New York City to Omaha, Nebraska during the first weekend of May costs more than a trip to-and-from Paris.
[credit provider=”YouTube Screenshot”] Yet another reason to admire Warren Buffett…
Forget being one of the most successful investors of all time, Warren Buffett is really cool. Like rock star cool.
(This post appeared at Gregor.us.)
When Warren Buffett talks, people listen. Any time the legendary investor weighs in on market matters, either through his words or through the actions of his investment vehicle, Berkshire Hathaway (BRK.B), knowledgeable investors pay close attention. That’s why the release of Berkshire’s annual report each February is such an eagerly […]
Looks like Warren Buffett is bullish about U.S. wine. He’s buying a niche wine distribution company and it looks like he payed up to get it:
Warren Buffett’s letter to shareholders had plenty of great hits. But one of them is at “sound-bite journalism.” He explains how journalists mis-communicate his messages: