Berkshire Hathaway added a large chunk of Apple stock to its portfolio. » Read More
By: Brian Kelly
According to Warren Buffett's preferred method for valuing the stock market, the reward does not justify the risk, says trader Brian Kelly. » Read More
The race for the White House has turned into a battle between billionaires.
Berkshire Hathaway CEO Warren Buffett, Dallas Mavericks owner Mark Cuban, and former New York City Mayor Michael Bloomberg have all recently come out against Republican presidential nominee Donald Trump.
Buffett joined Democratic presidential nominee Hillary Clinton on the campaign trail Monday, and used his introductory speech to take aim at Trump and his business record.
Buffett also challenged Trump to release his taxes to the American people. "Nobody's going to arrest us, there are no rules against showing your tax returns," the Oracle of Omaha said.
Following is the unofficial transcript of a CNBC interview with Berkshire Hathaway Chairman and CEO Warren Buffett on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Thursday, July 21st. Following are links to the interview on CNBC.com:http://video.cnbc.com/gallery/?video=3000536420 and http://video.cnbc.com/gallery/?video=3000536418.
Billionaire investor Warren Buffett told CNBC on Thursday that companies should stop issuing earnings guidance because it can lead to "a lot of malpractice" and "bad results."
The chairman and CEO of Berkshire Hathaway appeared on "Squawk Box" to run down the ideas for reforming corporate governance that he and other powerful business and investment leaders discussed in a series of quiet meetings over the past year or so.
If you're an aspiring entrepreneur or small business owner, Warren Buffett wants you to do something tomorrow morning.
"Tomorrow morning, when you look in the mirror after you've gotten up, just write — put it in lipstick or whatever you want on the mirror — just put 'delight my customer,'" Buffett said at Goldman Sachs' 10,000 Small Businesses panel event at LaGuardia Community College on Tuesday afternoon.
The phrase is not "satisfy my customer," Buffett clarified.
Berkshire portfolio managers Todd Combs and Ted Weschler, who each invest about $9 billion, made the investments.
Berkshire's new stake in Apple totaled 9.8 million shares, while the company boosted its shares of IBM by 198,853 to 81.2 million shares. Shares of Apple were up 4 percent in afternoon trading. (Get the latest quote here.)
"I think this is basically an example of how there's a transition going on in Berkshire Hathaway," Vahan Janjigian, chief investment officer of Greenwich Wealth Management, said on CNBC's "Power Lunch" on Monday.
"For years, this company has been run by Buffett and [Charlie] Munger. ... What's going on especially with the Apple investment today is that Weschler and Combs are taking over the investment decision-making process."
"I'm an enormous admirer of Dan and what he has accomplished in Quicken Loans. Yahoo is not the type of thing I'd ever be an equity partner in. I don't know the business and wouldn't know how to evaluate it, but if Dan needed financing, with proper terms and protections, we would be a possible financing help," Buffett told CNBC.