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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 sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
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.
Berkshire Hathaway shares traded below $100,000 for the first time in over two years today, but they did not close in five-digit territory. But Berkshire's declines are contributing to arguments that Warren Buffett has lost his magic touch.
Berkshire Hathaway shares have dropped back to five-digit territory for the first time in just over two years. The Class A shares fell as low as $99,400 each in the last few minutes this morning (Thursday.)
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.
For most of the past century, Goldman Sachs was top of the heap among Wall Street's investment banking firms, but its prospects as a heavily regulated bank are not so bright.
Online bidding has just gotten underway for a 36-square-foot portrait of Warren Buffett speed-painted at this year's Berkshire Hathaway Shareholders Meeting in Omaha. The minimum starting bid for the EBay auction: $100,000.
Berkshire Hathaway's third quarter operating earnings fell 19.3 percent to $1,335 a share from $1,655 a share in the same period the year before. That's below the average forecast of $1429 from the two analysts following the stock, as tracked by Thomson One Analytics.
Warren Buffett will participate in today's high-profile meeting of President-Elect Barack Obama and his team of economic advisers, "via speakerphone."
Warren Buffett's Berkshire Hathaway is expected to report a decline in quarterly operating earnings for the third quarter, its fifth consecutive year-over-year quarterly drop. Berkshire's results will be released after tomorrow's (Friday) stock market close.
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.
In a web-only video interview, Warren Buffett biographer Alice Schroeder talks with CNBC's Tyler Mathisen about Buffett's disciplined work ethic, his greatest fear, and his friendships through the years.
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."
Short seller Douglas Kass has won his relatively short-term bet against Warren Buffett. Given Buffett's track record as the world's greatest investor, he doesn't lose very often.
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.