When CNBC Squawk Box co-anchor Becky Quick traveled with Warren Buffett to Asia, she took a video camera along for the trip. Some of the material she shot will be appearing in the one hour CNBC special Warren Buffett: The Billionaire Next Door - Going Global that premieres tomorrow night (Friday, November 30) at 9p ET. In this web-only video clip shot with my own trusty minicam, you'll see some additional footage from Becky's "video diary" as she tells us what really happens "behind-the-scenes."
Warren Buffett will be hosting a second fund-raiser for Hillary Clinton's presidential campaign next month. The first one, in New York last June, is said to have raised about one million dollars for Clinton. The second fund-raiser will be held at lunchtime on Tuesday, December 11 at the San Francisco Hilton. It's billed as a "lunch and conversation with Mr. Buffett and Mrs. Clinton."
Britain's Sunday Telegraph newspaper says today that Warren Buffett "has emerged as a potential buyer of Northern Rock," the U.K. bank that's been slammed by the global credit crunch. Without further identifying its source or sources, the newspaper says it "has learned that Buffett ... has held talks with three of the bidders for the bank with a view to joining one of the consortia."
Lately we've been covering a lot of ground here on Warren Buffett Watch, including Warren Buffett's defense of estate taxes before Congress, a whirlwind tour of Asia, a supermodel, and even Buffett's advice to a big-time baseball star. Today, Morningstar's Paul Larson brings us back to basics, with a concise list of Five Simple Steps to Investing Like Buffett.
Fortune senior editor Alex Taylor III writes in his column today that we shouldn't pay too much attention to Berkshire Hathaway's addition of CarMax to its portfolio because Berkshire Chairman Warren Buffett "wasn't directly involved in the purchase." But does it really make sense for imitators to try to distinguish between Buffett and his holding company?
Don't you find it ironic that it was Warren Buffett who advised Alex Rodriguez to initiate contract talks with the Yankees without Scott Boras? It's ironic because Buffett is a tremendous sports fan, but acknowledged last August--in a stellar article by Murray Chass of the New York Times that he thinks buying a sports team is essentially a very big waste of money.
Charlie Munger, Vice Chairman of Berkshire Hathaway and Warren Buffett's longtime investing partner, has sold a very small slice of stock in Buffett's holding company. In a filing a short time ago with the SEC, Munger discloses that he sold a 200 Class A Berkshire shares yesterday and today, generating $27,256,400.
Berkshire Hathaway's nearly 14 million shares of Carmax are worth substantially more at today's closing bell than they were 24 hours before. The big rally follows the revelation in an SEC filing by Warren Buffett's holding company that it held 13,981,800 shares of the nation's biggest used-car retailer as of September 30, the end of Berkshire's third quarter.
Good and bad news this morning. Good news: CPI in line with expectations. --More relief on the subprime front. UBS said they do not expect a major write-down of subprime-related exposures.
Billionaire Warren Buffett's holding company bought nearly 14 million shares in Carmax , the largest specialty used-car retailer in the United States.
Today's Wall Street Journal Heard on the Street column quotes some unnamed "people familiar with the matter" as saying Warren Buffett's Berkshire Hathaway could make big profits by throwing a "lifeline" to bond insurers hurt by excessive fears over credit market losses.
Warren Buffett, chairman of Berkshire Hathaway, may cash in from the credit market turmoil and worries surrounding the financial strength of bond insurers, including Ambac Financial Group and MBIA, the Wall Street Journal said in its online edition on Monday.