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.
It would be tough to confuse Warren Buffett with singer Jimmy Buffett, although they have the same last name and both of them like to play a stringed musical instrument. But the two Buffetts do share one important trait: they're both very good at making money. Ahead of his first-ever concert in Paris, The International Herald Tribune profiles Jimmy Buffett and his business acumen. It also extensively quotes Warren talking about Jimmy in a telephone interview with the newspaper's reporter. "I admire his business even more than mine. He got the singing genes as well as the commercial genes. I'm envious."
Warren Buffett's Berkshire Hathaway is adding to its 'bling' collection as it finalizes the acquisition of two gold jewelry makers: Aurafin and Bel-Oro International. In an unusual move for Buffett, one of those companies was bought from a private-equity firm.
The man who is paying over $650,000 (with a little help from one of his friends, hedge-fund manager Guy Spier) for lunch with Warren Buffett appeared this morning on CNBC's Squawk Box. Mohnish Pabrai, who runs Pabrai Investment Funds of California, told our Becky Quick that he's learned so much about investing and about life from Mr. Buffett that "I have a large tuition bill due" and his bid is just "making a dent in it." (All the money goes to Buffett's favorite chairty, the Glide Foundation of San Francisco.)
Warren Buffett isn't perfect, but one of his strengths is his ability to learn from his mistakes and bounce back. That's the thesis of a piece appearing on BusinessWeek.com this week. Ben Steverman details how everyday investors can also learn by following Buffett's example: acknowledge mistakes and keep them small.
In the hours before bidding ended tonight on this year's auction for charity of a lunch with Warren Buffett, it looked like the Buffett meal bubble had burst. The high bid just after 5p Eastern was a bit over $300,000. But when eBay's electronic gavel fell at 10p ET, the apparent winning bid was $650,100, topping last year's record $620,100 by $30,000. (The year before the winner paid $351,100.)
Warren Buffett's cry of 'tax the rich!' is being heard in Great Britain. Warren Buffett Watch highlighted his comments to CNBC's Brian Shactman the other night, in which he said the gap between the 15% tax rate for public partnerships and the 35% rate for public corporations seemed "illogical." (That's become one of the more contentious issues in Washington following Blackstone's big IPO.) In his appearance at Hillary Clinton's fund-raiser later that same night, he spoke more generally, in effect complaining that he, and very rich people like him, should be paying taxes at a higher percentage of their income.
Billionaire investor Warren Buffett tells CNBC that if a partnership and a corporation are essentially run the same way, it "seems illogical" to tax the partnership at a lower rate than the corporation.