America's iconic investor will still be at the helm of Berkshire Hathaway next year, we predict. And his target list could include a very well-known name.» Read More
Warren Buffett's Berkshire Hathaway will receive Goldman Sachs stock worth nearly $2.15 billion on Tuesday through warrants acquired as part of a deal originally signed during the depths of the 2008 financial crisis.
Buffett received the warrants five years ago when his investment in Goldman was seen as a vote of confidence in the bank, which was reeling from turmoil in the credit market.
Warren Buffett said stocks have "moved a long way" in the past five years, going from "ridiculously cheap" to "more of less fairly priced now."
"We don't find bargains around but we don't think things are way overvalued either. We're having a hard time finding things to buy."
If Republicans and President Barack Obama were to fail to reach an agreement to raise the nation's borrowing authority, that would be "pretty damn dumb," said billionaire investor Warren Buffett in a taped interview that aired on CNBC Friday.
In addition to the upcoming October or early November deadline on the debt ceiling, the prospects of a government shutdown next month also loom.
But Buffett, while critical of this type of partisan bickering, told "Squawk Box, "the market is not gonna fall apart, because [investors] expect Washington will only act irrationally for a certain length of time."
The stock market "doesn't look so cheap," Berkshire Hathaway board member Meryl Witmer told CNBC on Thursday.
"The whole thing about keeping interest rates low, people put money into stocks because they want the yield, or they're gambling, or they're getting nothing on their cash. That really adds to the speculative environment. A bit of a bubble. And at some point you have to pay the piper," said Witmer, who is also general partner at Eagle Capital and part of the Barron's Roundtable.
In a "Squawk Box" interview, she said she doesn't spend a lot of time trying figure out what the Federal Reserve is going to do. But the central bank's decision not to start tapering its $85-billion-a-month bond-buying program did affect some of her investment choices.
"I was a little disappointed because a few stocks were hovering around where I'd like to buy them," she admitted. "I was hoping some negative news would come out and I would get to add a position or two." The Fed's inaction boosted stocks to record highs Wednesday.
As value investors, "our style is really bottoms up. So we're looking at individual companies and try to find a cheap one, find something that's misperceived," said Witmer, who joined the board of Warren Buffett's Berkshire this spring.
"I think one area is refining, and in particular Phillips 66, which is a position of ours," she said.
Besides refining, Phillips 66 also has a chemical business that's a "great niche, very high return on capital," and a "midstream business that moves oil and gas around," she said.
Witmer said she bought shares of Phillips 66 when it was spun out of Conoco Phillips in the spring of 2012. "We've [also] bought some since, even at around these current prices."
Eagle Capital returned 8.78 percent in the June quarter, according to hedge fund track Whale Wisdom. The investment firm had a 28.7 percent performance over the past four quarters.
Warren Buffett, the fourth richest person in the world and the man widely thought to be the greatest investor of the past century, celebrates his birthday Aug. 30.
As well regarded for his folksy wisdom as his monetary acumen, Mr. Buffett has been regaling investors with helpful nuggets of advice for decades. Here are some of Warren Buffet's best investment tips (but be forewarned: the Oracle of Omaha doesn't give out stock picks).
San Francisco-based See's Candies is recalling all its Dark Chocolate Blueberries because the product contains undeclared milk, the company said in a press release that was posted on the Food and Drug Administration website.
The recall was initiated after a customer reported having an allergic reaction to the product, the statement said.
When I first saw the headline "Breaking Buffett: The Oracle has underperformed" on CNBC.com, I was skeptical.
Thursday's "Breaking Buffett" piece detailed an analysis by Bespoke Investment Group showing Berkshire's top 10 stock holdings are up an average of 0.7 percent for the third quarter, lagging the benchmark S&P 500 index's 4.9 percent gain.
But that's just six weeks, an insignificant time span in Buffett's long-term investment world view. I thought that stepping back a bit would produce a different picture.
The company's quarterly filing with the SEC shows Berkshire held just 192,666 shares of Kraft Foods as of June 30. That's a drop of 88 percent from its reported holdings as of March 31.
Mondelez was cut by 91.8 percent to 578,000 shares.
An "all-you-can-eat" candy factory tour hosted by Warren Buffett has been auctioned off for $156,000.
Organizers of the auction said Jack Staub, a Newport, Calif., engineer and business owner, had the winning bid.
Buffett will also show Staub, along with his wife and two children, the "only acceptable way to eat a bonbon" before or after their tour of the See's Candy factory in Los Angeles.