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Warren Buffett became one of the wealthiest people in the world by making predictions and putting money behind them. Every time he buys a stock, he's forecasting the future. Judging by the incredible returns of his holding company Berkshire Hathaway, Buffett and his colleagues are very good at making those predictions. Of course, it helps when you can give your predictions plenty of time to come true. With that in mind, here's what you need to know for 2008, and 2009, and 2010 ...
This is a transcript and video clip of the first part of Warren Buffett's live interview this morning on Squawk on the Street with CNBC's Becky Quick, in which he talks about the Federal Reserve, the U.S. dollar, the economy, and how his retail businesses are doing this holiday season. A transcript from the rest of the interview will also be posted here on Warren Buffett Watch.
Warren Buffett will be appearing live three times on CNBC and CNBC.com Tuesday in connection with the fund-raiser he's hosting in San Francisco for Hillary Clinton's presidential bid. The first live interview on CNBC is scheduled for 10:15a ET, with a joint Buffett-Clinton interview planned for late in the afternoon. The fund-raiser itself will be streamed live on CNBC.com
Warren Buffett did a taped interview in San Francisco with CNBC's Becky Quick last night. Buffett is in that city for today's fund-raiser on behalf of Senator Hillary Clinton's presidential bid. Becky showed some excerpts from her taped chat on Squawk Box earlier today. In this clip, she asks for Buffett's thoughts on today's upcoming Federal Reserve decision on interest rates.
In this video clip from a "First on CNBC" taped interview with Warren Buffett, the billionaire rejects suggestions from critics that his support of the nation's estate tax is hypocritical because he is sheltering his own enormous wealth by giving it to charity.
In a live interview with CNBC's Becky Quick a few minutes ago on Squawk on the Street, Warren Buffett predicted "enormous divergence" ahead in the stock performance for financial companies. In response to a question about whether financials might be the best-performing stock sector next year, Buffett advised against buying financials as a group. He said some will do well but others have done some "really dumb things."
Warren Buffett hosted a fund-raiser today in San Francisco for Senator Hillary Clinton's presidential campaign. Here's a video excerpt.
In a live interview this afternoon on CNBC with Hillary Clinton standing by his side, Warren Buffett again warned that the U.S. could fall into recession, if unemployment increases significantly. But he said he's not sure that will happen and he's been surprised that the employment market has held up as well as it has so far.
Warren Buffett raised over $1 million for Hillary Clinton’s presidential campaign, Tuesday. Find out what one of the world’s richest men and one of the world’s most powerful women think about the economy, the stock market and your money.
CNBC's Charlie Gasparino reports this afternoon that Warren Buffett may be called to testify by at least one of the defendants in the upcoming AIG fraud trial. We learned earlier this week in a court filing that the prosecution plans to ask Buffett to the witness stand. That means there's a possibility (not a certainty by any means) that both sides may be looking to Buffett to testify in the case.
Billionaire investor Warren Buffett, slated to be called as a prosecution witness in the criminal fraud trial against five executives for allegedly helping American International Group inflate its reserves, may also be called as a defense witness by at least one of the defendants, CNBC has learned.
Federal prosecutors intend to call billionaire investor Warren Buffett to testify against five former senior insurance executives charged with helping the American International Group to manipulate its financial statements through $500 million in phony transactions, according to court documents.
CNBC Squawk-Box co-anchor Becky Quick scored a scoop early this morning with her 'First on CNBC' report that Warren Buffett's Berkshire Hathaway is paying $2.1 billion dollars to Goldman Sachs for some high-yielding TXU bonds. But don't think the purchase means Buffett likes junk bonds in general.
Dow up 40 points, S&P up 4 points since Treasury Secretary Paulson has been on talking about efforts to help homeowners who are facing mortgage resets. Nothing new here; but the image of Paulson talking about problems are helping the markets.
Warren Buffett's Berkshire Hathaway is paying $2.1 billion to buy TXU junk bonds from Goldman Sachs, CNBC reported Monday.
PART TWO: CNBC's Becky Quick traveled to Omaha, Nebraska recently to shoot additional material for her one-hour special focusing on Warren Buffett's whirlwind tour of Asia. While she was there, Buffett gave Becky an on-camera tour of the Berkshire Hathaway offices. He talked about some of the mementos he's collected and their personal significance to him, and to his investing style. Here on Warren Buffett Watch, you can see the entire walk-and-talk with Buffett and Becky. This is the second part of that conversation.
PART ONE: CNBC's Becky Quick traveled to Omaha, Nebraska recently to shoot additional material for her one-hour special focusing on Warren Buffett's whirlwind tour of Asia. While she was there, Buffett gave Becky an on-camera tour of the Berkshire Hathaway offices. He talked about some of the mementos he's collected and their personal significance to him, and to his investing style. Here on Warren Buffett Watch, you can see the entire walk-and-talk with Buffett and Becky. This is the first part of that conversation.
"Be fearful when others are greedy and be greedy only when others are fearful." That's the classic advice from Warren Buffett. This morning on CNBC's Squawk Box, Becky Quick spoke with Oak Value Fund co-manager Larry Coats, Jr., who is a Buffett-style investor. The main question: With stock prices down and increased worries on Wall Street, is it now time for value investors to be greedy? Coats has some stock picks to share.
Tonight's CNBC one-hour special on Warren Buffett focuses on how Buffett is increasingly looking overseas for investment opportunities, a trend highlighted by his recent whirlwind trip to China and South Korea. CNBC Squawk Box co-anchor Becky Quick had an "all-access" pass during that journey, traveling with Buffett the whole way. But it's not all international travel and cuisine in tonight's program. This morning, Becky showed a short clip taking us to Warren Buffett's favorite restaurant in his home town of Omaha: Piccolo's, also known as Piccolo Pete's.
The likes of Warren Buffett have put corporate philanthropy at the forefront. In 2006, he pledged 85% of his wealth or roughly $37 billion to five foundations. The richest man in Asia, Li Ka-shing, is doing the same. He intends to give away a third of his fortune -- nearly $11 billion. We thought we’d back away from the usual theme this week of investing for monetary returns, and instead, focus on a selfless, non-profit fund for a change. A fund that lets you 'invest' and reap social returns.