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.
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.
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.
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.
If some other recent offerings are any indication, this might be the time to buy.