Eugene Fama, the University of Chicago investing researcher, once again warned investors against the lure of active management.» Read More
Warren Buffett may be playing a role in turning what had been a bitter and nasty takeover battle for control of St. Louis-based Anheuser-Busch spacer into a friendly deal, according to this morning's New York Times. Here's what he's been saying to CNBC about the situation.
Warren Buffett's Berkshire Hathaway is helping to finance Dow's just-announced deal to buy specialty chemical maker Rohm and Haas for over $15 billion in cash. Berkshire is contributing an equity investment in the form of $3 billion worth of convertible preferred securities. The Kuwait Investment Authority is also making a $1 billion investment.
Warren Buffett's reputation as a technophobe may be cracking. Today he told CNBC he'll "probably" get an Amazon Kindle as he "edges" into the 21st century. See the video clip and read the transcript of Julia Boorstin's Sun Valley conversation with Buffett about technology, the economy, Berkshire's stock slide, and Barack Obama's chances in November.
Warren Buffett has completed his annual round of gifts to charity, distributing a total of 543,757 Berkshire Hathaway Class B shares worth $2.17 billion to five foundations.
Warren Buffett's annual gift to the Bill and Melinda Gates Foundation of Berkshire Hathaway stock is worth just over $1.8 billion this year, about two percent more than last year's donation.
The state of Florida has reluctantly agreed to pay Warren Buffett's Berkshire Hathaway $224 million now, in exchange for a promise it will be able to borrow $4 billion from Berkshire later, if the state gets severely slammed by hurricanes this year.
Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It's not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating.
Shares of Warren Buffett's Berkshire Hathaway are down almost 20 percent from their all-time closing high of last December. Wall Street's generally accepted definition of a 'bear market' involves a 20 percent drop from a recent high. Yesterday, Berkshire shares dipped into bear territory on an intraday basis, before recovering to close at $120,100 .. a 19.5 percent drop from its all-time closing high of $149,200, set on December 10.
The big spender who won this year's "Power Lunch with Warren Buffett" charity auction with a record high bid of $2,110,100 is Zhao Danyang of the Hong-Kong based Pure Heart China Growth Investment Fund, according to a spokesperson for San Francisco's Glide Foundation. I spoke with Zhao by telephone late tonight. He told me his investment philosophy is very similar to Buffett's and he has "lots of questions" to ask him.
This year "Power Lunch with Warren Buffett" charity auction has ended on eBay with a high bid of $2,110,100. That's more than three times larger than last year's record high price of $650,100 paid by investors Mohnish Pabrai and Guy Spiers.
With just under four hours remaining, bidding has topped $300,000 in this year's "Power Lunch with Warren Buffett" charity auction. That's less than half of last year's record $650,100 high bid, but as anyone who has been on eBay knows, savvy bidders hold back until the last few minutes. The auction ends at 10p ET tonight (Friday).
If you want to know what helps make Warren Buffett the world's most popular billionaire, here's a perfect example... A spectacularly uneventful visit to a Berkshire subsidiary in a "drab industrial neighborhood."
The two investors who bid $650,100 in a charity auction to have lunch with Warren Buffett today tell CNBC the "fantastic" experience was "worth every penny." Mohnish Pabrai and Guy Spier, well-known investors in their own right, teamed up to make the winning bid in last year's edition of the annual auction that benefits San Francisco's Glide Foundation. They collected their prize today at New York's Smith & Wollensky Steakhouse. After their meal this afternoon, Pabrai and Spier spoke to Becky Quick in a live interview on CNBC's Closing Bell.
This is a transcript of Warren Buffett's live interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25, 2008 at 12p ET. Buffett tells Becky U.S. inflation is "exploding" and warns that the Federal Reserve must signal controlling prices is not a secondary concern.
Warren Buffett says inflation in the U.S. is "exploding" and he urged the Federal Reserve not to signal in any way that controlling prices is a secondary goal to encouraging economic growth. "Inflation is really picking up. Whether it's steel or oil, we see it everyplace," Buffett said of rising prices. Buffett made his comments in a live interview with Becky Quick on CNBC's Power Lunch.
This is a live blog of Warren Buffett's interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25. All times eastern.
Warren Buffett is scheduled to appear live with Becky Quick on CNBC's Power Lunch, tomorrow, Wednesday, June 25 at 12p ET. Buffett will be in New York to host his own "Power Lunch" with the high bidders in last year's 'Lunch with Warren' charity auction.
Warren Buffett heads to Chicago next week as the prime attraction at a pair of fund-raising events on behalf of Barack Obama's White House bid.
Kiplinger's offers "mortals" five stocks that fit Warren Buffett's investing criteria.
Bidding has begun for this year's "Power Lunch" with Warren Buffett. Proceeds go the San Francisco's Glide Foundation. Latest bid as of about 10a this morning (Monday): $40,100 .. but it will easily go into six figures before it's over. Buffett does, however, come with "free shipping" according to the auction site.