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Warren Buffett's high-profile call to buy U.S. stocks may have its skeptics, but the often-pessimistic Doug Kass isn't among them. He shares Buffett's longer-term optimism, and notes that Buffett has made only two similar bullish predictions in the past and was proved correct both times. Earlier this year, Kass generated some headlines by publicly betting that Berkshire Hathaway's stock would fall, citing Buffett's "investment-style drift" and "bombs" among Berkshire's stock holdings. In March, he listed "11 Reasons to Short Berkshire." The stock is down almost 13 percent year-to-date.
Warren Buffett has very publicly proclaimed that now is the time to be "greedy" and buy U.S. stocks, because everyone else is fearful, and those fears are driving down stock prices to bargain levels. While some praise his leadership and courage, there are also skeptics.
Warren Buffett may be busy buying U.S. stocks at "bargain" prices, but it appears not many investors enthusiastically followed his lead today.
Warren Buffett is the nation's most generous billionaire, according to a new ranking by Condé Nast's Portfolio Magazine.
Warren Buffett wants the world to know that it's time to get greedy right now, as fear sends stock prices plunging across the globe. Using the widely-read opinion pages of The New York Times, Buffett writes that he's been buying U.S stocks for his personal account, picking up a "slice of America's future at a marked-down price."
This is the text of Warren Buffett's New York Times opinion piece headlined "Buy American. I Am." In it, Buffett explains why he's been buying U.S. stocks for his personal account despite (due to, really) all the bad economic and market news that has Wall Street gripped with fear.
All three of Warren Buffett's recent live interviews with CNBC (Goldman and General Electric investments, House passage of the bailout bill) are now available for download as a PDF (Acrobat) document.
Warren Buffett took a break recently from making multi-billion dollar investments in American business icons to play the ukulele with two musicians who, unlike the Omaha billionaire, actually make a living as professional musicians.
As the stock market's wild moves downward have average Americans worried about their financial futures and looking for leadership, it's important to keep Warren Buffett's reassuring words about the long-run in mind.
Just weeks after losing his title of "America's Richest Billionaire," Warren Buffett is number one again. Forbes Magazine is out with a September update to its Forbes 400 list of the richest people in the United States. October may be another story.
Warren Buffett's name was mentioned during last night's debate by both John McCain and Barack Obama as a potential Treasury Secretary, but it seems extremely unlikely Buffett would ever give up Berkshire Hathaway and Omaha and relocate to Washington.
Despite coming with glowing words of praise for General Electric and Goldman, Warren Buffett's big investments in the two companies haven't moved the stocks higher in the short-term.
Warren Buffett's latest moves to boost confidence and make money have The New York Times hearing echoes of J.P. Morgan's effective response to the financial crisis of 1907.
In a live telephone interview today (Friday) on CNBC, Warren Buffett reacted to the House of Representative's approval of a financial rescue package. He also revealed the two domestic stocks that he personally owns, as opposed to the many stocks owned by his holding company, Berkshire Hathaway. This is a complete transcript of that conversation.
Although it may seem like nothing's working right now the fast money is just waiting in the wings. Here's how to catch a ride.
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.
In a live interview minutes after the House of Representatives passed the bailout bill, Warren Buffett told CNBC's Becky Quick that the measure is not a "panacea." While the rescue package will provide some tools to deal with the financial crisis and prevent what could have been a far worse situation, Buffett predicted that it will be quite a while before the economic recession bottoms out.
Warren Buffett suggests today (Thursday) that the U.S. Treasury should partner with private investors when it buys the "toxic" assets that are bringing global credit markets to a standstill, as a way to generate real market prices for those assets. He explains the idea in an interview with Fortune/CNNMoney.com.
In an interview tonight (Wednesday) with Charlie Rose on PBS, Warren Buffett says, "In my adult lifetime I don't think I've ever seen people as fearful, economically, as they are now... The economy is going to be getting worse for a while." Bloomberg also reports Buffett tells Rose that the freezing of credit markets is "sucking blood" from the U.S. economy, which he compares to a heart attack victim "flat on the floor."
Warren Buffett biographer Alice Schroeder offers three Buffett-style tips for investing in turbulent times during an appearance on CNBC's Power Lunch.