Warren Buffett Watch


  Tuesday, 21 Oct 2014 | 9:31 AM ET

Warren Buffett just lost ANOTHER $1B on this

Posted By: Ben Berkowitz

Spare a thought for Warren Buffett, whose portfolio is not doing him any favors this week.

On Monday, Buffett lost nearly $1 billion on his third-largest investment, IBM, after the company posted disappointing earnings.

On Tuesday, Coca-Cola did the same thing, posting third-quarter revenue that fell short of expectations and warning of currency headwinds.

Read MoreBuffett sells 'huge mistake'

Coke is Buffett's second-largest investment and has been one of the stalwarts of his portfolio for decades. (He left Coke's board in 2006 and his son Howard took a board seat there in 2010.)

With 400 million shares, Tuesday's decline of $2.72 cost the Oracle of Omaha $1.09 billion. Shares were on track for their worst day since October 2008. (With IBM's $7 decline on Tuesday, he was out another $494 million there, too).

"I love Coke. I love the management, I love the directors," Buffett said in a CNBC interview in April, while discussing the recent controversy over the company's executive pay plan.

The losses in IBM and Coke add to a recent rough patch for Buffett, who slashed Berkshire Hathaway's stake in British grocer Tesco earlier this month.

Read MoreBuffett on stocks: Look at them as businesses

He has described buying into the stock as a "huge mistake."

»Read more
  Monday, 20 Oct 2014 | 9:31 AM ET

Warren Buffett lost about $1 billion on this

Posted By: Ben Berkowitz

Warren Buffett does not like to lose money in general, so losing $1 billion before lunch on a Monday morning can not be going down well.

The plunge in IBM shares Monday after its weak earnings results cost the Oracle of Omaha dearly. The stock fell $13.06, and Buffett held about 70.2 million shares as of June 30, according to the most recent SEC filings.

That means the sharp decline cost him $916.5 million—a drop in the Berkshire Hathaway bucket, to be sure, but still noteworthy. (At IBM's lows of the day, he was down as much as $1.08 billion).

Read MoreIBM on earnings: We're disappointed

In April, after a prior weak earnings report, Buffett told CNBC he had not "soured" on IBM, that he had bought more stock this year and that he had not sold a share.

The stock was recently the third-largest holding in Buffett's portfolio, trailing only Wells Fargo and Coca-Cola.

IBM CEO Ginni Rometty dismissed talk of the tech company splitting up, despite its large size, Monday's earnings miss and the recent fad for tech companies to split in two.

Read MoreRometty: Clear path forward

"There is no doubt that marketplace speed has increased," she said in a CNBC interview. "We have a very clear strategy about how to take this company to the future."

»Read more
  Thursday, 16 Oct 2014 | 5:17 AM ET

Buffett sells off ‘huge mistake’ Tesco

Posted By: Catherine Boyle

Warren Buffett, the legendary investor and chairman and chief executive of Berkshire Hathaway, has cut the company's stake in U.K. supermarket Tesco.

»Read more
  Friday, 10 Oct 2014 | 8:00 AM ET

A chance to ride with Warren Buffett

Posted By: John Jannarone

Warren Buffett often makes investments that are out of reach for ordinary investors. But in the case of his recent car dealership deal, there's a rare chance to join him for the ride.

Last week, the Oracle of Omaha bought privately owned car dealership Van Tuyl Group for an undisclosed sum. The deal surprised some observers because annual domestic car sales have reached levels above 16 million—near a historical high.

The concern is that sales growth will be difficult to achieve and auto industry profits will stagnate. Indeed, shares of General Motors have fallen 24 percent so far this year while Ford has declined by 10 percent.

But Buffett recognizes that dealerships can thrive even without much growth in car sales. First, dealers can make just as much money selling extras like insurance and doing repair work. And given that the industry is very fragmented, it's reasonable to expect big players to scoop up smaller rivals through lucrative acquisitions over the next several years.

»Read more
  Friday, 3 Oct 2014 | 11:40 AM ET

Warren Buffett: I made a mistake on Tesco

Posted By: Abigail Stevenson

Warren Buffett said he was wrong when it came to investing in Tesco.

"With Tesco, we definitely made a mistake. I made a mistake on that one more than anybody else made a mistake ... That was a huge mistake by me," the billionaire told "Squawk Box" on Thursday.

The U.K. supermarket retailer has seen its shares fall more than 48 percent year to date. Buffett's investment firm Berkshire Hathaway is now nursing losses of more than $700 million. According to Berkshire's annual letter to shareholders, Buffett has 301,046,076 Tesco shares.

Read MoreBuffett loses big on Tesco share dive

»Read more
  Sunday, 5 Oct 2014 | 1:00 PM ET

Buffett on stocks: 'Look at them as a business'

Posted By: Katie Kramer

The man known as America's greatest investor isn't bothered by stock market volatility.

"I have no idea what the stock market's going to do tomorrow or next week or next month or next year," said Berkshire Hathaway Chairman and CEO Warren Buffett.

"If you own your stocks as an investment—just like you'd own an apartment, house or a farm—look at them as a business," Buffett advised. "If you're going to try to buy and sell them based on news or something your neighbor tells you, you're not going to do well. Find a good bunch of businesses and hold them."

Read MoreBuffett's Good, Bad & Ugly includes a big mistake

Buffett's Berkshire Hathaway owns 75 subsidiary companies, including some he's held for decades, such as See's Candies.

"You will not make money trying to sell stocks daily or weekly," Buffett said.

»Read more
  Sunday, 5 Oct 2014 | 1:00 PM ET

Buffett's bet on autos: Berkshire's car guy talks

Posted By: Katie Kramer

For Larry Van Tuyl, it only took seven years to convince one of the world's best-known investors—and himself—that it was time to sell the family business.

»Read more
  Thursday, 2 Oct 2014 | 9:46 AM ET

Buffett: I bought stocks in Wednesday's big selloff

Billionaire investor Warren Buffett told CNBC on Thursday he bought stocks in Wednesday's big selloff.

He won't name names or whether he was adding to positions of his current holdings. But he did describe them in a "Squawk Box" interview as "names you'd recognize."

Buffett said he likes to buy stocks when they go down, not when they go up. "The more [the market] goes down, the more I Iike to buy." He added that trying to time the market by buying and selling individual names often is a "fool's game."

Any investor who's owned a cross section of American business has done really well over the past 10 or 20 years, he said. Over time, values do appreciate—not for every stock, he said, adding the Dow Industrial Average was under 100 during his lifetime.

With all the talk on Wall Street about when and by how much the Federal Reserve might start increasing interest rates, Buffett said the central bank's moves have no bearing on his investment strategies. "I really don't care about whether the Fed is going to raise interest rates."

He said he buys businesses that he thinks will be good for the next 50 years—such as the deal he announced on CNBC Thursday that he's buying the nation's largest privately held car dealership group, Van Tuyl Group.

Read MoreWarren Buffett getsinto auto dealers in big way

»Read more
  Thursday, 2 Oct 2014 | 8:24 AM ET

Warren Buffett gets into auto dealers in big way

Warren Buffett is getting into the auto business.

The billionaire investor announced on CNBC on Thursday that he's buying Van Tuyl Group, the nation's largest privately held car dealership chain.

Buffett said on "Squawk Box" it took awhile but Berkshire Hathaway is now "planes, trains and automobiles." Berkshire owns BNSF Railway and private plane company NetJets.

He expects to use this agreement as a vehicle to buy other dealerships. "We will hear, I predict, from hundreds of dealerships in the next year."

Read MoreBuffett: I bought stocks in Wednesday's big selloff

»Read more
  Thursday, 2 Oct 2014 | 11:04 AM ET

Buffett's Good, Bad & Ugly includes a big mistake

Through the prism of The Good, the Bad and the Ugly on Wall Street, here's Warren Buffett off the cuff Thursday.

»Read more

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