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Getty Images Warren Buffett |
Warren Buffett's Berkshire Hathaway has been busy buying stocks, including a new stake in General Motors.
Berkshire's just-released 13-F filing with the SEC shows two new stocks were added to its portfolio during the first quarter of the year, and stakes were increased for another seven companies.
It also appears Berkshire was doing even more buying in the first three months of the year that it hasn't disclosed in this filing. It says that "confidential information has been omitted ... and filed separately" with the SEC.
That's often a sign Buffett is accumulating a large stake in a company but doesn't want copycats to drive up the price until he's done. Last year the omitted confidential information shielded Buffett's multi-month purchase of a $11 billion stake in IBM.
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The organizers of the 13th-annual charity auction of a steak lunch with Warren Buffett are hoping the winning bid will top $2 million for the fifth-straight year.
The man who won the previous two auctions, however, presumably won't be participating.
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This is a transcript of Warren Buffett's live appearance on CNBC's Squawk Box on Monday, May 7, 2012.![]()
CNBC |
Warren Buffett says that Berkshire Hathaway is buying shares in two U.S. companies and will continue to buy them today, especially if they become cheaper in today's global stock sell-off. As usual, he's not naming those stocks, but does say they are names that are already in the Berkshire portfolio.
Buffett is live with CNBC's Becky Quick at the Hollywood Diner in Carter Lake, Iowa, just outside Omaha, for all three hours of "Squawk Box" this morning.
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David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg |
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Warren Buffett says while he would "not be at all surprised" if Apple [AAPL
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] are worth a "lot more" in ten years, he sees them as too risky for Berkshire to buy shares.
But, he says, "I sure as hell wouldn't short them either."
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Getty Images Warren Buffett (File Photo) |
Warren Buffett reassured the tens of thousands of Berkshire Hathaway shareholders attending its annual meeting in Omaha today that his health is good and the next CEO will do a good job.
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