Warren Buffett had a couple of billion-dollar loser days in October, and so far January isn't doing him any favors either.» Read More
Wall Street suffers one of its worst weeks in years. A "credit crunch" makes it harder to sell debt. A few hedge funds go bust, with fears there could be more. In troubled times, what could be better than a solid dose of "Buffett Basics?"
In an exclusive interview with CNBC, Berkshire Hathaway Chairman Warren Buffett said the stock market isn’t “ridiculously overpriced” and that Berkshire is looking for a "huge" acquisition with the $46 billion in cash it has on hand.
In what may be a "vote of confidence" in Kraft Foods' turnaround strategy, Warren Buffett's Berkshire Hathaway has acquired a "small stake" in the company, according to the Wall Street Journal. The paper quotes a "person familiar with Berkshire's share purchase" as saying it represents less than 5% of Kraft's $55 billion market capitalization.
Just one day after a Wall Street Journal report that Warren Buffett is buying shares of Kraft Foods, we get word today that he's sold a small slice of his stake in PetroChina, the big Chinese oil company. The AP reports there's "no indication whether he was responding to demands by activists to cut his ties to the company due to its investments in Sudan." But the very small size of the sale, about 17 million shares worth just $27 million, would appear to make it a slight adjustment rather than any kind of message.
Warren Buffett's Berkshire Hathaway has bought a small stake in Kraft Foods, according to the Wall Street Journal.
One of the most respected investors in the world of bonds is going on record supporting higher taxes for the nation's super-wealthy, echoing Warren Buffett's controversial call to 'Tax the Rich.' In his most recent market letter, Pimco's Bill Gross comes out strongly in favor of raising taxes on the super-rich to "rectify today’s imbalances."
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.