Spare a thought for Warren Buffett, whose portfolio is not doing him any favors this week.» Read More
We have a lot more Warren Buffett on the CNBC.com site. Check out All About Buffett which includes our special report The Billionaire Next Door featuring some fascinating in-depth conversations Buffett taped in Omaha with our own resident Buffett-expert Liz Claman. You can also see a slideshow from CNBC's The Big Idea with Donny Deutsch: My Dad is Warren Buffett in which Howard, Susie and Peter Buffett share family snapshots. You can also get the latest quote and lots of other data about Buffett's Berkshire Hathaway in CNBC.com's stock tools section.
There's a long tradition on Wall Street of asking whether Warren Buffett has peaked. During the Nasdaq run-up around Y2K, he was called "extinct" for staying out of tech stocks because he didn't understand how they made money. Even now, you see references to him possibly losing his "edge." Flashback to 1988, when Buffett bought a lot of Coca-Cola stock, even after it had gained almost 20% a year for eight years. Wall Street thought he was "crazy." There are valuable lessons to be learned by looking back to see why he wasn't.
Hovnanian shares have come down from their high of almost $19 Friday, after getting a late-week boost from lots of speculation Warren Buffett might be interested in buying the beaten-back homebuilder as a value play. Sham Gad, a fan of Buffett's, writes on Motley Fool today that while he has no idea if Buffett really is interested in Hovnanian, it's still worthwhile to do your own Buffett-style analysis to see if the supposed target might be a good buy.
Business Week has just released its list of the "biggest brains" in investing .. and no surprise .. Warren Buffett makes the cut. (I think we all would have been surprised if he hadn't.) What can Buffett and the rest of the top 10 teach the rest of us?
Speculation that Warren Buffett could buy a stake in Hovnanian sent the homebuilders up. But on "Street Signs" today Cramer explained why there's a more likely target. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Warren Buffett's political life is getting more attention. Today, the Associated Press has a piece on how he "may have to apply his legendary stock-picking skills" in the race for the White House. As was pointed out when he hosted a fundraiser for Hillary Clinton, Buffett hasn't rushed to make an endorsement, praising both Clinton and Barack Obama as excellent Presidential material. He's even talked up a potential Michael Bloomberg-Arnold Schwarzenegger ticket: "That would be one hell of a team, wouldn't it?"
Shares of the beleaguered home builder Hovnanian are up sharply today amid rumors that Warren Buffett's Berkshire Hathaway is buying a stake in the company. Optionmonster.com founder and frequent Fast Money player Jon Najarian is quoted as saying, "There is talk that Warren Buffett is buying a stake in Hovnanian." But our own Bob Pisani at the NYSE points out that one would expect to hear this kind of rumor on a slow Friday in July.
It's been a whirlwind here at the Allen & co. Conference--watching and interviewing all the biggest names in the media world. Everyone's paying close attention to Rupert Murdoch. He rushed into the Sun Valley Inn Wednesday morning just in time for breakfast. .
An explosive bid for Canada's Alcan is giving a positive psychological lift to stocks as traders watch a flood of monthly sales reports from retailers.
Billionaire investor Warren Buffett jokingly told CNBC today he came to the high-profile Allen & Co. media conference in Sun Valley, Idaho, for "the freeloading."
Our CNBC team at the big Allen & Co. media conference in Sun Valley has just reported back that they spoke with Warren Buffett .. on-camera .. a short time ago. Producer Lacy O'Toole and reporter Julia Boorstin have sent back first word on his comments as they head to a video feed point.
The video promised in my previous post of a self-proclaimed "freeloading" Warren Buffett speaking with our own Julia Boorstin at the Sun Valley media conference has arrived. Take a look.
James B. Stewart is the Pulitzer-Prize winning author and former Page-One editor at the Wall Street Journal responsible for two of the best business books I've ever read: Den of Thieves (1991) and DisneyWar (1995). He's also a Warren Buffett fan, and his recent Smart Money column focuses on a Buffett theme we've touched on in the last few days: "Investors Should Heed Warren Buffett's Free Advice." In it, he looks at the performance of two stocks he recently picked using the "Buffett philosophy."
Why can't everyone invest like Warren Buffett? Two recent pieces on the web address that question and offer practical "how to" lessons for small investors.
The five foundations billionaire Warren Buffett has pledged most of his $49 billion fortune to received their second annual gifts of Class B shares of Berkshire Hathaway on Monday.
Warren Buffett is giving more, even though he is giving less. A news release a short time ago from Berkshire Hathaway reveals that today Buffett gave just over 572,000 shares of Class B shares to five foundations, with most going to the Bill and Melinda Gates Foundation. It's part of his pledge made just over a year ago to eventually give away 85% of his Berkshire stock.
It would be tough to confuse Warren Buffett with singer Jimmy Buffett, although they have the same last name and both of them like to play a stringed musical instrument. But the two Buffetts do share one important trait: they're both very good at making money. Ahead of his first-ever concert in Paris, The International Herald Tribune profiles Jimmy Buffett and his business acumen. It also extensively quotes Warren talking about Jimmy in a telephone interview with the newspaper's reporter. "I admire his business even more than mine. He got the singing genes as well as the commercial genes. I'm envious."
Warren Buffett's Berkshire Hathaway is adding to its 'bling' collection as it finalizes the acquisition of two gold jewelry makers: Aurafin and Bel-Oro International. In an unusual move for Buffett, one of those companies was bought from a private-equity firm.
The man who is paying over $650,000 (with a little help from one of his friends, hedge-fund manager Guy Spier) for lunch with Warren Buffett appeared this morning on CNBC's Squawk Box. Mohnish Pabrai, who runs Pabrai Investment Funds of California, told our Becky Quick that he's learned so much about investing and about life from Mr. Buffett that "I have a large tuition bill due" and his bid is just "making a dent in it." (All the money goes to Buffett's favorite chairty, the Glide Foundation of San Francisco.)
Warren Buffett isn't perfect, but one of his strengths is his ability to learn from his mistakes and bounce back. That's the thesis of a piece appearing on BusinessWeek.com this week. Ben Steverman details how everyday investors can also learn by following Buffett's example: acknowledge mistakes and keep them small.