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Warren Buffett Watch

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  Monday, 4 May 2015 | 8:07 AM ET

Buffett: THIS is key to valuing stocks right now

Billionaire Warren Buffett said Monday the stock market would be viewed as "cheap" now if interest rates continued to remain low.

"If these interest rates were to continue for 10 years, stocks would be extremely cheap now," the chairman and CEO of Berkshire Hathaway said Monday on CNBC's "Squawk Box," two days after Berkshire's annual shareholder meeting.

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  Monday, 4 May 2015 | 9:41 AM ET

Munger: McDonald's one of US' best educators

Posted By: Fred Imbert

Despite all the criticism of McDonald's, the fast-food giant is one of the nation's best educational institutions, Berkshire Hathaway's Charlie Munger said Monday.

"They take people and give them a first job, which enables them to get a second job. They do a very good job of educating troubled young people to be good citizens and they're probably more successful than charter schools," Berkshire's vice chairman told CNBC's "Squawk Box."

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  Monday, 4 May 2015 | 6:06 AM ET

Buffett helps us see the future: 4 blue chip CEOs

Warren Buffett's financial acumen and affable personality is well documented, but the CEOs of Berkshire Hathaway's big four investments—IBM, American Express, Coca-Cola, and Wells Fargo—paint a vivid picture of Buffett as an ally, a confidant, and astute observer of human nature.

"Millennials love him," Coca-Cola Chairman and CEO Muhtar Kent said of the octogenarian investor. "Young people love to be around him, and he loves to be around young people because he has just got this unique ability to follow consumers ... where they want to go."

"He interprets … consumers' value today versus yesterday, and what they're going to value tomorrow," the Coke boss added.

Kent, along with IBM Chair and CEO Ginni Rometty, American Express Chairman and CEO Ken Chenault, and Wells Fargo Chairman and CEO John Stumpf, sat down with CNBC over the weekend at Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, to talk about the folksy billionaire next door.

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  Saturday, 2 May 2015 | 7:40 PM ET

Buffett hits back at Clayton Homes lending gripes

Posted By: Javier E. David

Warren Buffett unapologetically defended Berkshire Hathaway's lending unit on Saturday from accusations of predatory lending, telling CNBC in an interview that he's never even received as much as "one letter of complaint" about its practices.

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  Saturday, 2 May 2015 | 8:47 AM ET

Warren Buffett to CNBC: I bought more IBM in Q1

Posted By: Alex Crippen

Warren Buffett said on Saturday he bought more IBM stock for Berkshire Hathaway in the first quarter, but didn't specify by how much.

In a conversation with CNBC's Becky Quick ahead of today's shareholders meeting in Omaha, Buffett told her the exact numbers will be in the company's SEC filing revealing its stock holdings as of the end of March. That filing is due around the middle of this month.

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  Friday, 1 May 2015 | 12:23 PM ET

Buffett welcomes shareholders to changing Berkshire

Posted By: Alex Crippen
Warren Buffett tosses a newspaper prior to the Berkshire Hathaway shareholders meeting in 2014.
Daniel Acker | Bloomberg | Getty Images
Warren Buffett tosses a newspaper prior to the Berkshire Hathaway shareholders meeting in 2014.

A Berkshire Hathaway in transition will greet the tens of thousands of shareholders flocking to Omaha, Nebraska, this weekend to celebrate the 50th anniversary of Warren Buffett's acquisition of the company.

Starting in 1965, Buffett initially converted the former Massachusetts textile maker into a gigantic stock holding company with purchases financed by the premiums paid to its substantial insurance operations.

In recent years, however, the company has made another dramatic transformation.

Berkshire has become more of a diversified conglomerate as it puts billions of dollars into buying all or big chunks of money-generating companies such as BNSF, Heinz, the big car dealer chain Van Tuyl Group, and most recently, Kraft Foods,

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  Friday, 1 May 2015 | 6:03 AM ET

Warren Buffett: This might delay a Fed rate hike

Billionaire investor Warren Buffett said he believes the Federal Reserve won't be in any hurry to increase interest rates—in part because of the softer U.S. economy at the start of the year, but more so due to what's going on in European bond markets.

"I think it would be very hard for the Fed to bump rates up here with negative rates in Europe," the Berkshire Hathaway chairman and CEO told CNBC in an interview that aired on "Squawk Box" Friday.

Recent calculations by Goldman Sachs showed that more than $2.1 trillion of outstanding euro zone sovereign debt now has a negative yield.

As for the aggravating factor of weaker economic growth, Buffett said he does see some bright spots. "Things like autos are very strong; things like housing are a little better." He continued, "In our rail car holdings, you see that it isn't that strong but on the other hand it's not going backwards at all."

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The government on Wednesday reported that first-quarter gross domestic product grew at a lower-than-expected 0.2 percent. The economy grew 2.2 percent in the fourth quarter and 5 percent in the third quarter of 2014.

Many economists are expecting a pickup in growth in the second half of the year, and even the Fed in its policy statement after its April meeting on Wednesday downplayed the GDP print for the first three months of the year.

In fact, according to an analysis by CNBC earlier this month, three decades of government GDP data suggests a longstanding trend of lackluster first-quarter growth. It's unclear what's caused the trend, but Buffett said, "You wonder about seasonal adjustments."

But all things considered, the U.S. is "doing well," even under a longer-term growth rate of around 2 percent, he argued. "We might like to see more growth … [but] 1 percent inflation means that in a generation things improved 20 percent per capita, and that's another $10,000 of GDP per capita in one generation. That's fabulous."

Whether it's the U.S. economy or negative yields in Europe or some other factor, Wall Street continues to play the guessing-game over when the Fed might raise rates for the first time in nearly 10 years. The Fed policy statement also removed all calendar guidance. Earlier this year, June was favored by economists as the likely start. But now, September has emerged as the best bet for liftoff.

Buffett will be presiding over Berkshire Hathaway's annual meeting Saturday in Omaha, Nebraska. The 50th anniversary celebration of the company is expected to draw a larger than usual crowd of 40,000 people.

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  Thursday, 9 Apr 2015 | 6:53 PM ET

Why Warren Buffett is wrong on car-dealer model

Posted By: Daron Gifford, consultant at Plante Moran

Warren Buffett recently said he thinks the car-dealership franchise model isn't going to change. I wouldn't be so sure.

At the NADA/J.D. Power Automotive Forum in New York recently, Buffett said, "When a distribution system [car dealers] becomes that firmly established, there's a reason for it."

But, of course, everything changes. We have seen entire established industries collapse given the technologies that are available to us today.

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  Monday, 6 Apr 2015 | 6:29 PM ET

Cramer’s top 5 Buffett-blessed dividend stocks

Posted By: Abigail Stevenson

As the market enters an environment of uncertainty in the second quarter, Jim Cramer thought it was time to dig into his bag of tricks on the best way to fight a slowdown.

What is one thing he knows about slowdowns? Stocks with dividends tend to outperform.

This is because if when the economy slows down, most investors assume there will be lower interest rates, which means stocks with higher dividends face less competition from the bond market.

Now this doesn't mean that Cramer thinks investors should just jump on board with any stock out there with a good dividend. Instead, the "Mad Money" host took a cue from the Oracle of Omaha himself to help navigate the market of uncertainty.





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  Tuesday, 31 Mar 2015 | 3:04 PM ET

Buffett: Tesla doesn't threaten me

Posted By: Everett Rosenfeld

Warren Buffett's new auto dealership business isn't under any threat from Elon Musk or his Tesla distribution model, the billionaire said Tuesday.

Speaking to CNBC at a forum hosted by the National Automobile Dealers Association, J.D. Power and the New York International Auto Show, Buffett said he did not anticipate much of a threat from the electric car company's direct-to-consumer model because of Tesla's relatively small market.

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About Buffett Watch

  • Warren Buffett is arguably America’s most-admired and most-followed investor. Buffett is the largest shareholder and CEO of Berkshire Hathaway and one of the world’s most famous and most generous philanthropists. Legions of investors - from all walks of life - follow Buffett's homespun investment philosophy: invest in what you know, invest in value. Here on CNBC.com's Warren Buffett Watch, we’ll keep you up to date on what the “Oracle of Omaha” is doing by following Buffett's trades, words and deeds.

 

  • Senior Coordinating Producer

  • Warren Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway