News

New Yorker Writer Gets $20,000 Check From Warren Buffett’s Partner

[credit provider=”CNBC”] New Yorker writer Dr. Atul Gawande was offered a $20,000 check from Warren Buffett’s partner, Charlie Munger, after he wrote “The Cost Conundrum.”The article, which was featured in the June 2009 edition of the New Yorker, focused on health care costs in McAllen, Texas. 
New Yorker Writer Gets $20,000 Check From Warren Buffett’s Partner
Markets

Warren Buffett Sounds Really Sexy When He Talks Forex

This morning during his big chit-chat on CNBC, during the “rapid fire” portion of the interview, Berkshire Hathaway (BRK) CEO Warren Buffett was asked: What currency would he buy if he had to convert all of his dollars into a foreign currency.
Warren Buffett Sounds Really Sexy When He Talks Forex
Markets

Warren Buffett Talks To Becky Quick On CNBC

Heads up: Berkshire Hathaway (BRK) CEO Warren Buffett is on CNBC right now talking to Becky Quick. We’ll update when he makes notable comments, as well as break out key points into separate posts.
Warren Buffett Talks To Becky Quick On CNBC
Markets

Meet The 29-Year Old Hedge Fund Cutie Warren Buffet Just Asked Out To Lunch

[credit provider=”facebook”] 20-nine year old hedge fund manager Cara Goldenberg sent Warren Buffet a note just before Thanksgiving last year.She wrote that she knows how he likes to spend the holiday weekend looking over investment advice, and she included the analysis she and her partner had done on their hedge […]
Meet The 29-Year Old Hedge Fund Cutie Warren Buffet Just Asked Out To Lunch
Markets

Buffett’s Bet Is Off Track On Burlington Northern Railway

Although I have tremendous respect for Warren Buffett and believe his criticism of the Kraft-Cadbury transaction was well-founded, I am fearful that his purchase of Burlington Northern was not in his shareholders’ best interests.   As Buffett surely knows, shrewd investing requires a healthy dose of scepticism.  Every word that […]
Buffett’s Bet Is Off Track On Burlington Northern Railway
News

Teflon Buffett Has Fired 21,000 People This Year

Warren Buffett is a loveable, avuncular chap, not one of those axe-wielding CEOs who are feared by employees and idolized by the kind of red-claw capitalists who think that firing lots of people is a major leadership skill.
Teflon Buffett Has Fired 21,000 People This Year
US

Buffett Wins Again

Warren Buffett won the financial crisis, making several spectacular bets–and, just as important, passing on several deals that looked great to some other suckers.
Buffett Wins Again
Markets

Warren Buffett Dumps Even More Moody’s

In a Form 4 filed with the SEC, legendary investor Warren Buffett and his Berkshire Hathaway disclosed that they have sold more shares of Moody’s (MCO). On December 7th they sold 2,004,946 shares at a price of $25.0381 per share. The next day they sold an additional 704,346 shares at […]
Warren Buffett Dumps Even More Moody’s
Markets

CHART OF THE DAY: This Is The Chart Warren Buffett Keeps Under His Pillow

This must be one of Warren Buffett’s favourite charts right now. The Purchasing Managers Index (PMI) is an economic indicator for the U.S. manufacturing sector, in blue below. It tends to be a leading indicator for future railroad shipments. This relationship makes sense since product orders generally lead to transportation […]
CHART OF THE DAY: This Is The Chart Warren Buffett Keeps Under His Pillow
Markets

U.S. Rail Traffic Sinks 9%

U.S. rail traffic last week fell 8.9% year over year and was 17% lower than the same week in 2007. Thus while traffic is still down substantially, it appears to be getting better.
U.S. Rail Traffic Sinks 9%
Markets

U.S. Rail Traffic Backslides In October

Just out from the Association of American Railroads, year-over-year rail traffic in October was down 15.3%, which is slightly worse than the year-over-year decline in September. Bottom line: the economy is in no hurry to fully bounce back and confirm the market rebound.
U.S. Rail Traffic Backslides In October
Markets

Why Buffett Finished Off Burlington: It’s the Inventories, Stupid

Well, what the heck: why not use a great line, slightly altered, to make a point? The point being that what Pink Floyd once called “what they fighting’s all about” is not, strictly, the economy. Sure, everybody seems to want to debate whether we’re going to have a V-shaped, U-shaped, […]
Why Buffett Finished Off Burlington: It’s the Inventories, Stupid
Markets

Warren Buffett Liquidates Stakes In UNP, NSC Railroads

As Buffett’s Berkshire Hathaway holding company comes closer to finishing the Burlington Northern Santa Fe acquisition, a regulatory filing reveals that Buffett has completely liquidated shares he held in Union Pacific (UNP) and Norfolk Southern (NSC) railroads:
Warren Buffett Liquidates Stakes In UNP, NSC Railroads
Markets

Goldman/Buffett/Fannie Tax Deal Inked a Month Ago

If you were curious about the recent news regarding Goldman Sachs and Warren Buffett’s interest in acquiring the tax losses of Fannie Mae here is the scoop. This deal was agreed to and inked a month ago. It is still pending approval. So the information that was first reported by […]
Goldman/Buffett/Fannie Tax Deal Inked a Month Ago
Markets

Warren Buffett Dumps More Moody’s

While the dominant headlines yesterday centered around Warren Buffett & Berkshire Hathaway’s (BRK.A) acquisition of Burlington Nothern Santa Fe (BNI), we wanted to highlight one of his other recent moves. Having already trimmed his stake in Moody’s (MCO) a few times prior, legendary investor Warren Buffett has sold even more […]
Warren Buffett Dumps More Moody’s
News

Get Real, Buffett’s Big Railroad Bet Was Hardly “Green”

The knee-jerk reaction to anything rail-related is to think “green.” And indeed, yesterday, after Warren Buffett’s Berkshire Hathaway (BNI) announced the acquisition of Burlington Northern (BNI), that rhetoric ran hot. Sure, trains are substitutes for exhaust-emitting, oil-consuming trucks.
Get Real, Buffett’s Big Railroad Bet Was Hardly “Green”
Markets

Gold And Oil Soar While Market Ends Mixed

Today, Buffett bought railroads, and car companies posted sales for October. Shares of Burlington Northern Santa Fe Corporation (BNI) closed at 97.00 up 27.5% after Buffett’s moves. The indexes were up and down, with the NASDAQ closing up 8 points at 2057 and the S&P 500 closing up 2 points […]
Gold And Oil Soar While Market Ends Mixed
Markets

Actually, Railroads’ Biggest Enemies Are The Liberals

As a counterpoint to Joe Weisenthal’s belief that Burlington Northern (BNI) is only a good value to Mr. Buffett based on the prospect of liberal politics delivering stimulus and benefits for railroads, we’d like to highlight the following.
Actually, Railroads’ Biggest Enemies Are The Liberals
Markets

Buffett’s Burlington Northern Buy: Not Such A Bargain?

Shockingly, investors are actually bidding up shares of Berkshire Hathaway (BRK) following the news that it’s spending $44 billion to buy Burlington Northern (BNI). We’re not suggesting it’s a bad deal, only that when you’re paying out such a monster counterparty, you’re usually going to get a selloff not this […]
Buffett’s Burlington Northern Buy: Not Such A Bargain?
Markets

Even Buffett Can’t Lift This Ugly Market

The big news of the morning was Warren Buffett’s purchase of Burlington Northern Santa Fe Corporation with his Berkshire Hathaway investment vehicle. Shares of BNSF (BNI) are up over 28% at 97.58, leading the path for other railroad companies like Union Pacific (UNP), up nearly 7% at 58.78 and CSX […]
Even Buffett Can’t Lift This Ugly Market
Markets

Buffett: America’s Best Years Lie Ahead!

Warren Buffett called into CNBC this morning to discuss his monster bet on the railroad industry. The whole transcript is below. As we’ve noted, we think the move is a gigantic bet on future stimulus, but Buffett would prefer to describe it as, simply, a huge bet on the future […]
Buffett: America’s Best Years Lie Ahead!
Markets

Buffett Bets $44 Billion On U.S. Railroad!

Warren Buffett’s Berkshire Hathaway (BRK) is making a big rail buy, acquiring Burlington Northern (BNI) for $100 per share or about $44 billion. The deal is the largest in Berkshire’s history.
Buffett Bets $44 Billion On U.S. Railroad!
Markets

Wally Weitz: Berkshire Hathaway Still The Perfect Holding

Weitz Funds manager Wally Weitz (Weitz Value (WVALX), Partners Value (WPVLX), Hickory (WEHIX), and Partners III Opportunity (WPOPX)) answers our questions on media stocks, the health-care debate, Berkshire’s value in this economy, and the right reasons to re-enter the market.
Wally Weitz: Berkshire Hathaway Still The Perfect Holding
Markets

Bloomberg Reports Roubini in Good Company as Investor with Most Wisdom

From Bloomberg: Oct. 29 (Bloomberg) — The Oracle of Omaha retains his pre-eminence as a market visionary, outshining a new wave of financial strategists and the best-known central bankers. Billionaire investor Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., is reg…
Markets

Bloomberg Reports Roubini in Good Company as Investor with Most Wisdom

From Bloomberg: Oct. 29 (Bloomberg) — The Oracle of Omaha retains his pre-eminence as a market visionary, outshining a new wave of financial strategists and the best-known central bankers. Billionaire investor Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., is reg…