Alex Crippen is an executive producer at CNBC and CNBC.com. He started with the network in 1990. Crippen began his media career in affiliate TV and news radio. He holds a degree in economics from Wesleyan University.
Alex Crippen is an executive producer at CNBC and CNBC.com. He started with the network in 1990. Crippen began his media career in affiliate TV and news radio. He holds a degree in economics from Wesleyan University.
Hovnanian shares have come down from their high of almost $19 Friday, after getting a late-week boost from lots of speculation Warren Buffett might be interested in buying the beaten-back homebuilder as a value play. Sham Gad, a fan of Buffett's, writes on Motley Fool today that while he has no idea if Buffett really is interested in Hovnanian, it's still worthwhile to do your own Buffett-style analysis to see if the supposed target might be a good buy.
Business Week has just released its list of the "biggest brains" in investing .. and no surprise .. Warren Buffett makes the cut. (I think we all would have been surprised if he hadn't.) What can Buffett and the rest of the top 10 teach the rest of us?
Warren Buffett's political life is getting more attention. Today, the Associated Press has a piece on how he "may have to apply his legendary stock-picking skills" in the race for the White House. As was pointed out when he hosted a fundraiser for Hillary Clinton, Buffett hasn't rushed to make an endorsement, praising both Clinton and Barack Obama as excellent Presidential material. He's even talked up a potential Michael Bloomberg-Arnold Schwarzenegger ticket: "That would be one hell of a team, wouldn't it?"
Shares of the beleaguered home builder Hovnanian are up sharply today amid rumors that Warren Buffett's Berkshire Hathaway is buying a stake in the company. Optionmonster.com founder and frequent Fast Money player Jon Najarian is quoted as saying, "There is talk that Warren Buffett is buying a stake in Hovnanian." But our own Bob Pisani at the NYSE points out that one would expect to hear this kind of rumor on a slow Friday in July.
Billionaire investor Warren Buffett jokingly told CNBC today he came to the high-profile Allen & Co. media conference in Sun Valley, Idaho, for "the freeloading."
Our CNBC team at the big Allen & Co. media conference in Sun Valley has just reported back that they spoke with Warren Buffett .. on-camera .. a short time ago. Producer Lacy O'Toole and reporter Julia Boorstin have sent back first word on his comments as they head to a video feed point.
James B. Stewart is the Pulitzer-Prize winning author and former Page-One editor at the Wall Street Journal responsible for two of the best business books I've ever read: Den of Thieves (1991) and DisneyWar (1995). He's also a Warren Buffett fan, and his recent Smart Money column focuses on a Buffett theme we've touched on in the last few days: "Investors Should Heed Warren Buffett's Free Advice." In it, he looks at the performance of two stocks he recently picked using the "Buffett philosophy."
Why can't everyone invest like Warren Buffett? Two recent pieces on the web address that question and offer practical "how to" lessons for small investors.
Warren Buffett is giving more, even though he is giving less. A news release a short time ago from Berkshire Hathaway reveals that today Buffett gave just over 572,000 shares of Class B shares to five foundations, with most going to the Bill and Melinda Gates Foundation. It's part of his pledge made just over a year ago to eventually give away 85% of his Berkshire stock.