Warren Buffett has a new nugget of pithy advice for investors in his latest letter to Berkshire shareholders: "When it's raining gold, reach for a bucket, not a thimble." Buffett recalls that last year's letter called corporate and municipal bonds "ridiculously cheap" compared to U.S. Treasuries. And we says Berkshire did "back" that view by making some purchases, but "I should have done far more. Big opportunities come infrequently."
Stocks logged a solid 3-percent gain for February but the momentum faded in the past week as confidence in the recovery began to falter. Financials and health-care stocks were among the best performers; consumer-focused stocks fell out of favor.
Warren Buffett releases his annual letter to Berkshire Hathaway shareholders tomorrow morning (Saturday) at 8a ET as part of the company's annual report. The 10,000+ word document is, as AP puts it, "one of the best-read and most-quoted business documents every year." And this year, it has an even bigger built-in audience, as Berkshire's shareholder base expands with the acquisition of Burlington Northern and a 50-for-1 stock split of the Class B shares.
Stocks may have taken a snow day but that doesn’t mean there isn’t money to be made in this market. The Fast Money is watching the euro.
Warren Buffett can be a great boss, hands-off and complimentary, with plenty of great advice if you want or need it. But it really helps if you're making money for him. Otherwise, writes Alice Schroeder in the new Bloomberg BusinessWeek magazine, "the famously passive investor can swing into action to protect his investment."
Following are the big catalysts that the Fast Money traders expect will move the market -- or sectors of the market -- on Friday February 26th.
We did some homework and found 5 multinationals with large exposure to Greece as well as other nations in Europe. Are trouble abroad about to spread here?
Markets rose on Wednesday, despite news of an unexpected drop in new home sales. What should investors expect from markets going forward? Ted Parrish, co-portfolio manager at Henssler Equity Fund, discussed his insights.
Federal Reserve chief Ben Bernanke is expected to testify before Congress on Wednesday. How should investors be trading ahead of the event? Peter Costa, president of Empire Executions and Warren Meyers, CEO of Walter J. Dowd shared their insights.
Warren Buffett is in New York City today to host the high bidders from last year's "lunch of a lifetime" charity auction. Canada's Salida Capital paid $1.68 million for the steak meal, and the opportunity to have eight guests ask Buffett questions, with no time or subject-matter limit.
For the third straight year, Warren Buffett will be answering your questions during a special three-hour live appearance starting at 6a ET, Monday, March 1 on CNBC's Squawk Box. Our Becky Quick will be in Omaha for the event. Here's how you can tell us what you want to know.
In contrast to Warren Buffett's long-term optimism for America's economic future, Charlie Munger has a more gloomy outlook. Buffett's long-time business partner and 'right-hand man' is getting some online interest with a parable "about how one nation came to financial ruin."
Warren Buffett's Berkshire Hathaway dramatically cut its stakes last fall in two of the nation's biggest oil companies. It also significantly reduced its holdings of Procter & Gamble and Johnson & Johnson.
Markets struggled on Friday on China’s surprise tightening of its lending standards and concerns about the global recovery. How should investors position their portfolios? Joseph LaVorgna, chief U.S. economist and CNBC contributor at Deutsche Bank and Brent McQuiston, vice president at Wealth Trust-Arizona discussed their insights.
After the close Berkshire Hathaway was added to the S&P 500. Now that they're finally in, what must you know?
Warren Buffett's Berkshire Hathaway has been welcomed into the benchmark S&P 500 index with a surge of trading just before today's close at the New York Stock Exchange.
Warren Buffett’s company will join the S&P 500 on Friday. Find out why Cramer thinks you should own it.
Warren Buffett's "bet on America" is now official. Berkshire Hathaway has just issued a news release announcing the "closing of the merger of Burlington Northern Santa Fe Corporation ('BNSF') with and into a subsidiary of Berkshire.
Markets fell sharply on Friday as world markets were rattled over China's decision to tighten capital requirements for banks. How is China’s move affecting the U.S. dollar, gold and commodities? Boris Schlossberg, director of currency research at GFT Forex, Jim Steel, chief commodities analyst at HSBC and Peter Beutel, president of Cameron Hanover shared their insights.
Expect a little more volume than normal Friday: Berkshire Hathaway Class B shares are going into the S&P 500 today. This is attracting an unusual amount of interest from the trading community, due to the large size of the addition. About $1 trillion is indexed to the S&P 500.