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A unit of Warren Buffett's company has sold 2.7 million of the roughly 20 million shares of Constellation Energy Group it received when Constellation rejected a takeover bid last month.
Doug Kass, the short seller who came out ahead by betting against Berkshire Hathaway last year, has some new criticism of Warren Buffett and his investment style. "In 2008 and (so far) 2009, The Oracle of Omaha has been wrong; it has paid to bet against America."
Warren Buffett sat down recently for a taped interview with Susie Gharib of Nightly Business Report to mark the PBS program's 30th anniverary tonight. In the conversation, Buffett hints Berkshire Hathaway might buy back some of its stock since it has fallen so sharply from its highs. He also says the credit crunch is easing but business conditions are getting worse. This is a transcript of that entire interview, as provided to us by NBR.
Warren Buffett says the credit crunch has eased in the last month, but business has "really slowed down" as fearful U.S. consumers cut back on spending. In an interview to air tonight on PBS, Buffett tells Nightly Business Report that the recession won't be ending anytime soon. He also answers questions about Bernard Madoff and the idea of buying back Berkshire Hathaway's stock.
If Warren Buffett liked Burlington Northern Santa Fe in the high $70s, he must love it in the low $60s. Buffett's Berkshire Hathaway reports in an SEC filing tonight that it bought almost 4.4 million shares in the freight railroad over the last three trading days at prices between $61.65 and $63.43.
Download a PDF transcript of Warren Buffett and Tom Brokaw's complete interview focusing on Barack Obama for Dateline NBC.
UPDATED WITH VIDEO CLIPS. Dateline NBC aired portions last night (Sunday) of an interview with Warren Buffett by Tom Brokaw. Buffett tells Brokaw that Barack Obama is the right "commander in chief for the economy" but warns that no one should expect a "miracle" turnaround in the next few months. The two men also covered many other topics, including Obama's leadership style, excessive executive compensation, the challenges facing Detroit's automakers, China, and the role of greed in good times and bad. This is the second part of the complete transcript of that interview, as provided by NBC News.
Dateline NBC aired portions tonight (Sunday) of an interview with Warren Buffett by Tom Brokaw. Buffett tells Brokaw that Barack Obama is the right "commander in chief for the economy" but warns that no one should expect a "miracle" turnaround in the next few months. The two men also covered many other topics, including Obama's leadership style, excessive executive compensation, the challenges facing Detroit's automakers, China, and the role of greed in good times and bad. This is the complete transcript of that interview, as provided by NBC News.
Warren Buffett says "you couldn't have anybody better in charge" for the economy than Barack Obama, but warns "it's going to take time" before things get better. In an interview with Tom Brokaw for Dateline NBC, Buffett says there's a lot of fear everywhere as the country faces "an economic Pearl Harbor .. something it hasn't faced since World War II." Buffett predicts that Obama's plan for a massive stimulus program will help, but not right away.
China's BYD Auto's e6 all-electric automobile made its U.S. debut today, with an assist from the chairman of Berkshire Hathaway subsidiary MidAmerican Energy Holdings. Check out our video from the Detroit Auto Show.
A pair of cowboy boots autographed by Warren Buffett will be sold at a charity auction late this spring. Buffett, who really likes a good steak dinner, also wrote "I love beef" on the boots.
Morningstar has an answer for anyone asking if Warren Buffett has lost his touch. While acknowledging the choice may be a "tad controversial" right now, the investment research firm has named Warren Buffett its 2008 CEO of the Year.
Dilbert creator Scott Adams tells Barron's why he doesn't trust Warren Buffett's October call to buy U.S. stocks hammered during Wall Street's worst year in decades.
In an interview with NBA-TV, Warren Buffett says his friend LeBron James has his head "screwed on right." Buffett talks about the basketball star's business "instinct" at a young age.
Shares of Warren Buffett's Berkshire Hathaway lost almost a third of their value in 2008, but the stock still managed to outperform the benchmark S&P 500 stock index for the third consecutive year.
The 2008 Atlantic Hurricane Season produced eight hurricanes. Five of them were "major" storms, hitting Category 3 strength or higher. But none of those hurricanes hit Florida. That's good news both for residents of the state and for Warren Buffett, who lives roughly 1600 miles northwest of Miami.
Along with predictions, the approach of a new year also compels us journalist-types to compile Top 10 lists. This year, Warren Buffett Watch presents the ten most popular posts from 2008, as measured by your clicks.
In keeping with Warren Buffett's long-term way of looking at things, we bring back WBW's timeless and time-tested predictions to mark the coming new year.
Both sides have been bruised and battered, but Warren Buffett's Berkshire Hathaway is outperforming the benchmark S&P 500 stock index year-to-date.
The author of the recent best-selling Warren Buffett biography lists some "key differences" that would have helped investors distinguish Bernard Madoff's alleged fraud from Buffett's proven genius.