While at the MGM Grand for the Floyd Mayweather fight, billionaire investor Warren Buffett decided to branch out from stock picks and bet on a sports book.» Read More
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.
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."
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.
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.
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.
"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.
We now know a little bit more about the man who is paying almost $2.2 million to have lunch with Warren Buffett, but not much more.
A Singaporean man will pay $2,166,766 to have lunch with Warren Buffett, the fourth biggest-ever winning bid in an annual charity auction.
A representative of the San Francisco-based Glide Foundation, which gets 100 percent of the profits from the sale, identified the winner as Andy Chua of Singapore.