Alex Crippen is senior coordinating producer at CNBC.com. He started with CNBC television in 1990. Crippen began his media career in affiliate TV and news radio. He holds a degree in economics from Wesleyan University.
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."
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.
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."
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.
We now know who will be having lunch with Warren Buffett after submitting the winning $650,100 bid late Friday. Mohnish Pabrai, a 43-year year old investor from Irvine, California, teamed up with a friend to win the eBay charity auction benefiting San Francisco's Glide Foundation.
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 has no interest in buying the old Berkshire HQ slated for demolition.
Detroit has "huge potential" and might even be a place for Berkshire Hathaway to invest, Warren Buffett said Tuesday night, according to a report.
Warren Buffett talks about the biggest mistake parents make when teaching their kids about money and how he learned about money.
Even as the Dow touches 16,000, Buffett thinks stocks are in a "zone of reasonableness."