Warren Buffett "knows and loves" American Express and would come to its rescue if needed, suggests Barron's. But it argues American Express probably won't need to call on Buffett for help, because it has enough cash to get through the tough times ahead, even though an "overreacting" Wall Street has pushed its shares down to 1997 levels.
Warren Buffett's Berkshire Hathaway is expected to file its quarterly portfolio snapshot with the SEC after today's (Friday's) closing bell on Wall Street. The report of Berkshire's publicly-traded U.S. stock holdings as of September 30 could reveal whether Buffett has been buying U.S. stocks for Berkshire as enthusiastically as he has been buying for his own personal account.
Shares of Warren Buffett's Berkshire Hathaway have closed at a two-year low. The Class A stock fell 3.2 percent to finish the day (Wednesday) at $103,333 each. It's the lowest closing price since October 27, 2006. CNBC's David Faber has been hearing that some investors are shorting the stock in the wake of Berkshire's earnings report.
Warren Buffett will participate in today's high-profile meeting of President-Elect Barack Obama and his team of economic advisers, "via speakerphone."
There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them. In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.
Warren Buffett's Berkshire Hathaway has added 825,000 more shares to its Burlington Northern Santa Fe stake, bringing its total holdings to 64,610,418 shares. Those shares were bought two days ago, and are already worth $5 million more than the purchase price. But the longer-term picture isn't as positive.
Shares of Warren Buffett's Berkshire Hathaway fell just over six percent today to a 20-month closing low of $105,126. It's also a new intraday low for the stock, which had fallen to $105,300 on October 10 before ending that session at $113,100. Berkshire's decline on Wall Street comes amid criticism that Buffett has moved too quickly to take advantage of weaker prices in the financial markets.
Warren Buffett has gotten greedy too quickly while everyone else takes too long to become fearful, suggests today's Wall Street Journal. Peter Eavis writes that while Buffett has won "plaudits for some canny deals," there's also a dangerous pattern. "Mr. Buffett looks to be committing his capital too early. On some bets, waiting might have gotten him better terms or more attractive entry prices." According to Eavis, "Time for the Oracle to get a new crystal ball."
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.