Markets

Warren Buffett’s Berkshire Hathaway added Verizon and Chevron to its portfolio. Here’s why that’s surprising.

Warren Buffett’s Berkshire Hathaway added Verizon and Chevron to its stock portfolio. Buffett has avoided telecoms because he views the industry as unpredictable. The investor backed Occidental Petroleum in its bidding war with Chevron in 2019. Visit Insider’s homepage for more stories. Warren Buffett’s Berkshire Hathaway revealed billion-dollar stakes in […]
Warren Buffett’s Berkshire Hathaway added Verizon and Chevron to its portfolio. Here’s why that’s surprising.
Markets

Warren Buffett’s Berkshire Hathaway has scored a 30x gain on its BYD investment. Here’s the story of its bet on the Chinese electric-vehicle company.

Warren Buffett’s Berkshire Hathaway has scored a 30-fold gain on its BYD investment. It spent $US232 million in 2008 for a stake worth $US7.4 billion today. Here’s the story of Berkshire’s bet on the Chinese electric-vehicle company. Visit Business Insider’s homepage for more stories. Warren Buffett’s Berkshire Hathaway has made […]
Warren Buffett’s Berkshire Hathaway has scored a 30x gain on its BYD investment. Here’s the story of its bet on the Chinese electric-vehicle company.
Markets

Billionaire investor Seth Klarman warns of massive market risks and says Tesla stock has surged ‘seemingly beyond all reason’

Billionaire investor Seth Klarman warns stimulus and interest rates are masking market risks. The Baupost chief compared investors to “frogs in water that is slowly being heated to a boil.” Klarman added that Tesla stock has surged “seemingly beyond all reason.” Visit Business Insider’s homepage for more stories. A billionaire […]
Billionaire investor Seth Klarman warns of massive market risks and says Tesla stock has surged ‘seemingly beyond all reason’
Markets

Warren Buffett’s favourite market indicator hits 13-year high, signalling global stocks are most overvalued since the financial crisis

Warren Buffett’s preferred market gauge has jumped to its highest level since October 2007, suggesting worldwide stocks are the most overvalued since the financial crisis. “Buffett indicator sounds the alarm,” Welt market analyst Holger Zschaepitz tweeted. “Global stock mkt cap has now topped 120% of global GDP, and thus the […]
Warren Buffett’s favourite market indicator hits 13-year high, signalling global stocks are most overvalued since the financial crisis
Markets

Warren Buffett is a great judge of character, owes his success to shareholders, and has built a lasting culture, author Lawrence Cunningham says in a new interview. Here are the 11 best quotes.

Warren Buffett excels at sizing people up quickly, relied on a devoted group of shareholders to build Berkshire Hathaway, and has crafted a company culture that will outlive him, Lawrence Cunningham said on the “We Study Billionaires” podcast. The billionaire investor’s conglomerate boasts a high-quality shareholder base that may have […]
Warren Buffett is a great judge of character, owes his success to shareholders, and has built a lasting culture, author Lawrence Cunningham says in a new interview. Here are the 11 best quotes.
Markets

‘Shark Tank’ star Kevin O’Leary discussed the value of investing, shorting Yahoo, and post-pandemic retail in a recent interview. Here are the 16 best quotes.

The “Shark Tank” star Kevin O’Leary underscored the value of investing, spoke about shorting Yahoo, and predicted the pandemic would transform retail forever on the “Industry Focus” podcast. O’Leary also discussed the risks of venture investing, the dearth of financial literacy in the US, and how Warren Buffett’s business partner […]
‘Shark Tank’ star Kevin O’Leary discussed the value of investing, shorting Yahoo, and post-pandemic retail in a recent interview. Here are the 16 best quotes.
News

How 8 billionaires, from Elon Musk to Warren Buffett, feel about bitcoin

Cryptocurrency bitcoin is on the rise again, with recent massive gains. After surging 300% in 2020, the digital currency set a new record on January 2 when its price passed $US30,000. While it has won over some sceptics, other prominent investors and finance veterans still aren’t sold on the volatile […]
How 8 billionaires, from Elon Musk to Warren Buffett, feel about bitcoin
Markets

Warren Buffett’s right-hand man shapes his investing approach and keeps him disciplined, ‘Shark Tank’ star Kevin O’Leary says

Warren Buffett’s business partner, Charlie Munger, moulded the Berkshire Hathaway CEO’s investing approach and helps keep him disciplined, “Shark Tank” star Kevin O’Leary said on the “Industry Focus: Financials” podcast. “There’s nothing wrong with Warren Buffett, but you want to know where all that philosophy comes from and who keeps […]
Warren Buffett’s right-hand man shapes his investing approach and keeps him disciplined, ‘Shark Tank’ star Kevin O’Leary says
Markets

Warren Buffett advised graduates to read, learn to express themselves, and find a job they love in a virtual address on Saturday. Here are the 11 best quotes.

Warren Buffett advises young people to read extensively, work on their communication skills, and strive for a job they will be excited to do each day. The investor and Berkshire Hathaway CEO offered the guidance as part of a virtual commencement address on Saturday to students graduating from the University […]
Warren Buffett advised graduates to read, learn to express themselves, and find a job they love in a virtual address on Saturday. Here are the 11 best quotes.
Markets

Warren Buffett’s right-hand man discussed the ‘frenzy’ in stocks, technological shifts, and what makes a great investor in a recent interview. Here are Charlie Munger’s 22 best quotes.

Charlie Munger spoke about a “frenzy” in stocks, the dangers of excessive government spending and monetary easing, and the critical traits an investor needs during a remote interview conducted by the California Institute of Technology on Monday. Warren Buffett’s business partner and Berkshire Hathaway’s vice-chairman also talked about weathering technological […]
Warren Buffett’s right-hand man discussed the ‘frenzy’ in stocks, technological shifts, and what makes a great investor in a recent interview. Here are Charlie Munger’s 22 best quotes.
Markets

‘Big Short’ investor Michael Burry told Elon Musk to cash in Tesla stock, gave up on being as popular as Warren Buffett, and wanted more credit for his housing bet. Here are his 14 best quotes.

Michael Burry, the hedge-fund manager played by Christian Bale in “The Big Short,” bet against subprime mortgages and made a fortune when the US housing bubble popped in 2007 and 2008. The Scion Asset Management boss gave up early on being as widely liked as Warren Buffett, tweeted at Elon […]
‘Big Short’ investor Michael Burry told Elon Musk to cash in Tesla stock, gave up on being as popular as Warren Buffett, and wanted more credit for his housing bet. Here are his 14 best quotes.
Markets

Value investing is a bargain-hunting strategy that targets low-performing but quality stocks, aiming to profit when their prices rise again

Value investing consists of finding and buying stocks that are priced below their companies’ intrinsic worth, or true value. The value investing approach involves researching a company’s fundamentals, examining its earnings and assets in relation to its stock price. Though eclipsed lately by flashier growth investing strategies, value investing remains […]
Value investing is a bargain-hunting strategy that targets low-performing but quality stocks, aiming to profit when their prices rise again
Markets

Warren Buffett’s Berkshire Hathaway was slammed for not spending when markets crashed. It announced more than $35 billion of investments last quarter

Warren Buffett’s Berkshire Hathaway announced more than $US35 billion of investments last quarter. The billionaire investor’s company spent almost $US18 billion on stocks, repurchased a record $US9 billion of its shares, and struck about $US10 billion worth of deals. Buffett and his team boosted their Bank of America holding, added […]
Warren Buffett’s Berkshire Hathaway was slammed for not spending when markets crashed. It announced more than $35 billion of investments last quarter
Markets

Zappos ex-CEO Tony Hsieh built his company’s culture around customer service and made sure it survived Amazon’s takeover. Here are the 6 best quotes from his memo announcing the deal

Early Zappos investor and former CEO Tony Hsieh died on Friday. Hsieh raised the bar for customer service while running the online shoe seller, empowering his employees to send flowers and cards to customers, speak with them for hours, help them to order pizzas, and even hand-deliver especially valuable packages. […]
Zappos ex-CEO Tony Hsieh built his company’s culture around customer service and made sure it survived Amazon’s takeover. Here are the 6 best quotes from his memo announcing the deal
Markets

Warren Buffett’s Berkshire Hathaway built an $8 billion stake in JPMorgan, then virtually eliminated it in 6 months. Here’s a look at its unusual bet on the banking giant

Warren Buffett’s Berkshire Hathaway amassed north of $US8 billion of JPMorgan stock, only to sell almost all of it this year. The billionaire investor’s conglomerate owned about 60 million of the bank’s shares at the end of December 2019, but slashed the holding to fewer than 1 million shares worth […]
Warren Buffett’s Berkshire Hathaway built an $8 billion stake in JPMorgan, then virtually eliminated it in 6 months. Here’s a look at its unusual bet on the banking giant
Markets

Warren Buffet’s Berkshire Hathaway isn’t alone in struggling to make a big acquisition. Past partner 3G Capital is also coming up short

Warren Buffett’s Berkshire Hathaway isn’t alone in struggling to make a major acquisition. 3G Capital, a Brazilian-US private-equity firm, has requested more time from its investors to strike a deal, the Financial Times reported on Friday. Berkshire and 3G have partnered several times in the past, most notably to buy […]
Warren Buffet’s Berkshire Hathaway isn’t alone in struggling to make a big acquisition. Past partner 3G Capital is also coming up short
Markets

Warren Buffett joked he would be ‘eating Thanksgiving dinner at McDonald’s’ if the US government hadn’t bailed out the banks in 2008

Warren Buffett faced a fast-food Thanksgiving in 2008 if US authorities didn’t save the financial system, he joked in a CNBC interview in 2010. “If the government hadn’t acted, I would be eating Thanksgiving dinner at McDonald’s,” he said. The famed investor and Berkshire Hathaway CEO wouldn’t mind too much, […]
Warren Buffett joked he would be ‘eating Thanksgiving dinner at McDonald’s’ if the US government hadn’t bailed out the banks in 2008
Markets

Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett’s Berkshire Hathaway. Here’s why that’s astounding

Tesla’s market capitalisation soared past $US525 billion on Tuesday, leaving it within striking distance of the $US549 billion market cap of Warren Buffett’s Berkshire Hathaway. Shares in Elon Musk’s electric-vehicle company have rocketed up more than 500% this year, while Berkshire stock has only risen 2.4%. The similarity in market […]
Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett’s Berkshire Hathaway. Here’s why that’s astounding
Markets

Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He’ll be happy to have Janet Yellen as treasury secretary

Warren Buffett is likely pleased that President-elect Joe Biden intends to appoint Janet Yellen as treasury secretary. The billionaire investor and Berkshire Hathaway CEO praised the former Federal Reserve chief in 2014, and will likely support her efforts to stimulate the US economy, boost employment, and combat income inequality. “I […]
Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He’ll be happy to have Janet Yellen as treasury secretary
Markets

Warren Buffett discussed the Fed’s pandemic response, small businesses, and his ukelele collection at a recent Goldman Sachs event. Here are the 10 best quotes

Warren Buffett discussed the federal response to the pandemic, the challenges facing small businesses, his unwavering faith in America, and his ukelele collection at a private event last week. The famed investor and Berkshire Hathaway CEO spoke at a virtual Goldman Sachs 10,000 Small Businesses event to celebrate the graduation […]
Warren Buffett discussed the Fed’s pandemic response, small businesses, and his ukelele collection at a recent Goldman Sachs event. Here are the 10 best quotes
Markets

Billionaire investor Bill Ackman discussed his pandemic hedge, praised Trump, and explained his Berkshire Hathaway exit in a recent interview. Here are the 19 best quotes

Hedge-fund billionaire Bill Ackman spoke about his lucrative pandemic trade, selling his Berkshire Hathaway stock in May, and why he launched a “blank-check” company at the virtual Sohn Hearts & Minds conference last week. The Pershing Square boss also tackled other topics including politics, activist shareholders, short-sellers, and the market […]
Billionaire investor Bill Ackman discussed his pandemic hedge, praised Trump, and explained his Berkshire Hathaway exit in a recent interview. Here are the 19 best quotes
Markets

Warren Buffett’s Berkshire Hathaway plowed more than $5 billion into 4 pharma stocks last quarter. He’s been teasing a bet on the sector for more than 20 years

Warren Buffett’s Berkshire Hathaway bought more than $US5 billion worth of AbbVie, Bristol Myers Squibb, Merck, and Pfizer stock last quarter. The billionaire investor has been teasing a wager of that kind for more than 20 years. “If we could buy a group of leading pharmaceutical companies at a below-market […]
Warren Buffett’s Berkshire Hathaway plowed more than $5 billion into 4 pharma stocks last quarter. He’s been teasing a bet on the sector for more than 20 years
Markets

Warren Buffett is buying a secret stock that could be revealed within weeks

Warren Buffett has a secret stock in his portfolio. The billionaire investor’s Berkshire Hathaway conglomerate omitted “confidential information” in its quarterly portfolio update on Monday, instead filing it separately with financial regulators. “He is undoubtedly building a large position now,” said David Kass, a finance professor at the University of […]
Warren Buffett is buying a secret stock that could be revealed within weeks
Markets

AbbVie, Merck, and Pfizer shares jump after Warren Buffett’s Berkshire Hathaway reveals it bought them last quarter

The “Buffett Effect” lifted AbbVie, Merck, Bristol Myers Squibb, and Pfizer shares on Tuesday. The four pharmaceutical stocks jumped after Warren Buffett’s Berkshire Hathaway revealed that it invested in them last quarter. The famed investor’s company disclosed stakes worth $US1.8 billion to $US1.9 billion in AbbVie, BMS, and Merck, as […]
AbbVie, Merck, and Pfizer shares jump after Warren Buffett’s Berkshire Hathaway reveals it bought them last quarter
Markets

A billionaire investor dubbed ‘the next Warren Buffett’ just revealed a $400 million bet on Bill Ackman’s SPAC

Seth Klarman’s Baupost Group is betting that billionaire investor Bill Ackman and “Moneyball” star Billy Beane can make shrewd acquisitions in the coming months. The billionaire’s hedge fund disclosed in a regulatory filing that it held a $US400 million stake in Ackman’s special-purpose acquisition vehicle or “SPAC,” Pershing Square Tontine, […]
A billionaire investor dubbed ‘the next Warren Buffett’ just revealed a $400 million bet on Bill Ackman’s SPAC
Markets

Billionaire investor Bill Ackman likely lost more money on Warren Buffett’s Berkshire Hathaway than ‘anyone in the world’

Bill Ackman discussed his loss-making investment in Warren Buffett’s Berkshire Hathaway during a virtual speech at the Sohn Hearts & Minds conference this week, according to the Australian Financial Review. “We have probably lost more money in Berkshire than anyone in the world,” the billionaire investor and Pershing Square chief […]
Billionaire investor Bill Ackman likely lost more money on Warren Buffett’s Berkshire Hathaway than ‘anyone in the world’
Markets

Warren Buffett’s Berkshire Hathaway swings back into action, spending a net $4.8 billion on stocks and a record $9 billion on buybacks in the 3rd quarter

Warren Buffett’s Berkshire Hathaway reported third-quarter earnings on Saturday. The billionaire investor’s company bought back a record $US9 billion of its shares, and spent a net $US4.8 billion on stocks after selling a net $US12.8 billion in the second quarter. Berkshire’s increased spending meant its cash pile shrunk by about […]
Warren Buffett’s Berkshire Hathaway swings back into action, spending a net $4.8 billion on stocks and a record $9 billion on buybacks in the 3rd quarter
News

Mars Wrigley warehouse workers say they’re getting yelled at for washing their hands and wiping down equipment amid an $8 billion boom for candy this Halloween

Workers at an Illinois distribution centre for candy maker Mars Wrigley have been demanding the company provide hazard pay and improve safety protocols during the COVID-19 pandemic. Mars Wrigley produces popular candies like Twix, Skittles, and M&M’s. Ahead of this Halloween, the National Confectioners Association reported a 25% increase in […]
Mars Wrigley warehouse workers say they’re getting yelled at for washing their hands and wiping down equipment amid an $8 billion boom for candy this Halloween
Markets

Warren Buffett’s Berkshire Hathaway ranks among the biggest Republican donors in the MAGA index, even though the investor backed Obama and Clinton

Warren Buffett threw fundraisers for Barack Obama, campaigned for Hillary Clinton, and blasted Donald Trump for his personal conduct, multiple bankruptcies, and refusal to publish his tax returns. Yet the billionaire investor’s company, Berkshire Hathaway, is included in an exchange-traded fund that has “MAGA” as its ticker. The Point Bridge […]
Warren Buffett’s Berkshire Hathaway ranks among the biggest Republican donors in the MAGA index, even though the investor backed Obama and Clinton
Markets

Jack Ma’s Ant Group is targeting a record $34 billion IPO. Warren Buffett’s Berkshire Hathaway stands to gain from its public debut

Alibaba cofounder Jack Ma’s Ant Group is gearing up for a record $US34 billion IPO. Ant owns stakes in two financial-technology companies that also count Warren Buffett’s Berkshire Hathaway as an investor. Berkshire and Ant both invested in Brazilian e-commerce group StoneCo when it went public in October 2018. Buffett’s […]
Jack Ma’s Ant Group is targeting a record $34 billion IPO. Warren Buffett’s Berkshire Hathaway stands to gain from its public debut
Markets

Warren Buffett’s Berkshire Hathaway scores $1 billion gain on Snowflake stock

Warren Buffett’s Berkshire Hathaway has scored a $US1 billion gain on its Snowflake shares. The billionaire investor’s company spent about $US735 million for 6.1 million Snowflake shares when the cloud-data platform went public last month. Snowflake’s stock price jumped 18% in two days to close at nearly $US300 on Thursday, […]
Warren Buffett’s Berkshire Hathaway scores $1 billion gain on Snowflake stock
Markets

Warren Buffett’s Berkshire Hathaway agrees to $4.1 million settlement with US Treasury after a rogue subsidiary allegedly violated Iran sanctions

Warren Buffett’s Berkshire Hathaway has agreed to a $US4.1 million settlement with the US Treasury after one of its subsidiaries was accused of 144 apparent violations of Iran sanctions. The billionaire investor’s company bought Iscar, an Israeli maker of metal-cutting tools, in 2006. Iscar’s Turkish division exported $US383,000 worth of […]
Warren Buffett’s Berkshire Hathaway agrees to $4.1 million settlement with US Treasury after a rogue subsidiary allegedly violated Iran sanctions
Markets

Warren Buffett’s 8 key tips for investors include holding cash, being patient, and treating shares as owning a business, a new study finds

Warren Buffett’s insights into cash, inflation, and compound interest are among his most important pieces of advice for investors, according to a new study. Dr. Christian Koch analysed the billionaire investor and Berkshire Hathaway CEO’s comments about investing during 11 of his shareholder meetings to identify eight critical, recurring themes. […]
Warren Buffett’s 8 key tips for investors include holding cash, being patient, and treating shares as owning a business, a new study finds
Markets

Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.

Warren Buffett invested $US5 billion in Bank of America in August 2011, providing a crucial vote of confidence and cash cushion to the struggling lender. The famed investor and Berkshire Hathaway CEO had the idea to invest while taking a bath, and was initially blocked by a call-centre worker before […]
Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.
Markets

Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the financial crisis erupted. It may have saved the US economy

Warren Buffett phoned Treasury Secretary Hank Paulson at the height of the 2008 financial crisis with a suggestion that likely saved the US economy from an even deeper recession. The famed investor and Berkshire Hathaway CEO proposed the government plow capital directly into banks instead of only buying their distressed […]
Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the financial crisis erupted. It may have saved the US economy
Markets

Warren Buffett gave investing advice to Bob Woodward, bought Microsoft stock after meeting Bill Gates, and made a $37 billion deal thanks to a chance meeting. Here are his 10 best quotes from an interview in a new book.

Warren Buffett gave investing advice to Bob Woodward, purchased Microsoft stock after meeting Bill Gates, and struck a $US37 billion deal thanks to a chance meeting, he told David Rubenstein in “How to Lead: Wisdom from the World’s Greatest CEOs, Founders, and Game Changers.” The famed investor and Berkshire Hathaway […]
Warren Buffett gave investing advice to Bob Woodward, bought Microsoft stock after meeting Bill Gates, and made a $37 billion deal thanks to a chance meeting. Here are his 10 best quotes from an interview in a new book.