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Warren Buffett Watch

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  Thursday, 21 Aug 2014 | 2:14 PM ET

Vanguard 'king of the hill' thanks to...Buffett

Posted By: CNBC.com staff
Source: Vanguard | Facebook

Investors may be warming up to the stock market, but they're taking the safe way in.

Passively managed funds are all the rage now, with market participants enjoying their low cost, high liquidity and tax advantages.

No outfit has benefited more from that approach than Jack Bogle's Vanguard Group, which has seen its total assets under management swell to nearly $3 trillion thanks to the allure of the firm's funds that track market indexes rather than make individual stock picks, according to a Wall Street Journal report.

That low-risk approach has gotten the imprimatur of none other than legendary investor Warren Buffett, who gave the firm his imprimatur a few months back. In his annual letter to shareholders, he advised them to follow the directions in his will, which mandates that his $66 billion fortune be divided with 10 percent in short-term government debt and the rest "in a very low-cost S&P 500 index fund. (I suggest Vanguard's.)."

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  Wednesday, 20 Aug 2014 | 12:55 PM ET

Buffett's Berkshire slammed with maximum penalty

Posted By: Alex Crippen

Warren Buffett's Berkshire Hathaway is paying almost $1 million to the U.S. government for allegedly violating the filing requirements of an antitrust law for a second time.

The Federal Trade Commission said the $896,000 civil penalty settles allegations in a Justice Department lawsuit that Berkshire violated the notice and waiting requirements of the Hart-Scott-Rodino antitrust law by not disclosing its plan to increase its stake in USG before the transaction closed late last year.

It's the highest penalty that could be imposed in the case. Under the law, the penalty is capped at $16,000 for each day of the violation. The goverment said Berkshire's violation covered the 56 days between its acquisition of the USG stock and the end of the legally-mandated waiting period.

»Read more
  Thursday, 14 Aug 2014 | 10:15 AM ET

Buffett's Berkshire hits $200,000 milestone

Posted By: Alex Crippen

For the first time ever, a Class A share of Berkshire Hathaway will cost you more than $200,000. That's just one share for the price of a nice 6-bedroom, 4-bath house in Omaha.

The stock hit the milestone about 45 minutes after the start of trading today.

»Read more
  Monday, 4 Aug 2014 | 11:48 AM ET

What should Buffett do with all that cash?

Posted By: Drew Sandholm

Warren Buffett's Berkshire Hathaway on Friday reported earnings results that beat expectations thanks to substantial investment gains and improved results across its manufacturing, retail and service businesses.

Read MoreBerkshire profit soars 41% to a record

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  Thursday, 14 Aug 2014 | 4:13 PM ET

Buffett's Berkshire adds Charter Comm. stake

Posted By: Alex Crippen

Warren Buffett's Berkshire Hathaway added Charter Communications to its stock holdings during the second quarter.

In a filing with the SEC, Berkshire revealed it held 2.3 million shares as of June 30.

The stake is worth about $361 million, indicating the decision to buy was almost certainly made by one of Berkshire's portfolio managers, not by Buffett himself.

Charter provides broadband communications and said it is the fourth-largest cable operator in the U.S.

»Read more
  Thursday, 31 Jul 2014 | 1:50 PM ET

Warren Buffett surprises teen cancer patient

Posted By: Alex Crippen

Warren Buffett called into CNBC to surprise 17-year-old Tre Grinner, a Hodgkin's Lymphoma patient who wants to be an investment banker.

With help from the Make-A-Wish Foundation, Grinner has been working as an intern at Goldman Sachs and he was doing a live interview about that experience.

Buffett's main piece of advice for Tre as he prepares to enroll in community college this fall: learn accounting so you can read financial statements. "Accounting is the language of business and there's nothing like getting it early and getting it into your system."

Pointing out that accounting is a "language all of its own," Buffett said, "Getting comfortable in a foreign language takes a little experience, a little study, early on but it pays off big later on."

»Read more
  Tuesday, 15 Jul 2014 | 4:47 PM ET

Buffett's gift to Gates Foundation is biggest ever

Posted By: Alex Crippen
Bill Gates, Melinda Gates and Warren Buffett at a 2006 news conference announcing Buffett's plans to give billions to the Gates Foundation
Seth Wenig
Bill Gates, Melinda Gates and Warren Buffett at a 2006 news conference announcing Buffett's plans to give billions to the Gates Foundation

Warren Buffett's annual gift of Berkshire Hathaway stock to the Bill and Melinda Gates Foundation is worth $2.1 billion this year, up from $2.0 billion last year. It's also more than any of Buffett's previous eight donations.

Even though Buffett's gift schedule called for him to give the Gates Foundation 16.6 million Class B shares this year, down from 17.5 million shares last year, the value of each share gained 12.1 percent over the past 12 months, boosting the total value of the donation by more than $100 million above last year's level.

It's the third-consecutive year the value of Buffett's gift has increased from the previous year, even though he donated fewer shares each time.

In a 2006 letter to Microsoft's co-founder and his wife, Buffett outlined a long-term schedule that has him donating almost all of his fortune by giving 5 percent fewer shares each July, when compared to the previous year.

»Read more
  Friday, 11 Jul 2014 | 7:25 AM ET

Why Buffett is betting on energy stocks again

Posted By: Tim Mullaney

Warren Buffett has been a big believer in and buyer of U.S. energy—indirectly. When it comes to direct investments in energy stocks, though, Buffett—famous for using an elephant-gun analogy to describe his hunt for acquisitions—has been notably gun-shy.

Some recent bets on big oil and gas stocks suggest that Buffett and his stock-picking lieutenants—former hedge fund managers Todd Combs and Ted Weschler—are open to a wider range of direct energy stock investments.

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  Tuesday, 1 Jul 2014 | 7:31 PM ET

Warren Buffett's 'editor' retires after 60 years

Posted By: Alex Crippen

After a remarkable 60 years at Fortune, writer and reporter Carol Loomis is ready to retire from her day job at the age of 85.

»Read more
  Tuesday, 17 Jun 2014 | 10:02 AM ET

Warren Buffett: 'No chance' of taking Coke private

Posted By: CNBC.com staff

Warren Buffett is categorically denying money manager David Winters' comments speculating that Coca-Cola could be taken private.

"Absolutely no chance of that," Buffett told CNBC on Tuesday.

Winters, CEO and founder of Wintergreen Advisers, has sent letters to Coca-Cola's shareholders, its board, and Buffett, criticizing the company's 2014 equity plan, which Winters said "will significantly erode the per-share value of Coca-Cola shares."

As of last month, Buffett's Berkshire Hathaway owned 400 million shares of Coca-Cola, just over 9 percent of the shares outstanding.

Read More Buffett defends Coke vote, wants secret CEO salaries

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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