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Investing Warren Buffett Watch

  Thursday, 30 Sep 2010 | 1:53 PM ET

Halftime: Top Hedgie’s 2 Favorite Stocks for Year's End

Posted ByDrew Sandholm

Value investor Whitney Tilson on Thursday shared his best stock picks for the fourth quarter:

BP

Tilson, founder and managing partner of T2 Partners , said he's sticking with BP. Roughly a month and a half after the Gulf oil spill , which put the London-based company on the defensive, Tilson said the stock was simply "too cheap" to pass up. A few weeks ago, Tilson said he bought even more shares of BP when it dropped to $34.

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  Wednesday, 29 Sep 2010 | 5:52 PM ET

Warren Buffett Calls China Philanthropy Meeting a 'Tremendous Success'

Posted ByAlex Crippen
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Warren Buffett calls today's meeting in Beijing with 50 Chinese business and philanthropy leaders a "tremendous success" as he and Bill Gates "learned a great deal about the good work that is already underway" in China.

As Becky Quick told us this morning in a live report on CNBC's "Squawk Box ," even though China's booming economy has produced a bumper crop of the newly wealthy, philanthropy hasn't grown as quickly.

There have been reports that some of those invited to the meeting didn't attend because they were concerned Buffett and Gates might put them on the spot with an embarrassing challenge to join their highly-publicized "Giving Pledge " in the United States.

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  Wednesday, 29 Sep 2010 | 11:03 AM ET

Warren Buffett to CNBC: Decision to Buy More BYD Shares "Would Depend on Price"

Posted ByAlex Crippen
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Frederic J. Brown | AFP | Getty Images

Warren Buffett tells CNBC that any decision by Berkshire Hathaway to buy a bigger stake in China's BYD "would depend on the price."

He made the comment in an airborne interview with CNBC's Becky Quick, who is traveling in China with Buffett, Bill Gates, and a delegation of Berkshire officials.

Buffett has also made it clear that Berkshire wouldn't try to increase its current 10 percent stake in the electric car maker without the support of BYD's management.

Reuters says China Business News is reporting that Buffett met with BYD officials in private last night, and a "major topic" was the possibility of Berkshire raising its stake.

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  Tuesday, 28 Sep 2010 | 11:00 AM ET

Buffett's Trip Moves to Beijing and Controversial Philanthropy Dinner for Wealthy Chinese

Posted ByAlex Crippen
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Warren Buffett's Billionaires' Road Trip has spent the day in Shenzhen, but most of the attention is going to a dinner to be hosted tomorrow night in Beijing by Buffett and Bill Gates.

A selection of Chinese wealthiest people are on the invitation list, and philanthropy is on the agenda.

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  Monday, 27 Sep 2010 | 2:13 PM ET

Warren Buffett Visits Electric-Car Maker BYD After Warm Welcome to China

Posted ByAlex Crippen
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Warren Buffett and his traveling companions started their visit to China earlier today in Shenzhen with a show of support for electric-car maker BYD.

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  Monday, 27 Sep 2010 | 10:35 AM ET

Opinion: Memo to Billionaires—We're Ready for You

Posted By John Wood and Matt Flannery

Forbes just published their annual list of the “Richest People in America.” What some may not know is that on that roster are 28 American billionaires, including Warren Buffet, Bill and Melinda Gates and Michael Bloomberg, who have added their name to The Giving Pledge . As founders and fundraisers for two leading international organizations, we were thrilled to hear that these billionaires were committing to give away a majority of their wealth to philanthropic causes.

But, as business leaders, we had an important follow up question for them: what’s your timeline?

So many of us in the nonprofit space recognize and personally know many of those who’ve made the pledge, and if we didn’t know them, we now want to. One of those names, Jeff Skoll and the Skoll Foundation , was an early investor in both Kiva and Room to Read, and due in large part to their support, our respective organizations have managed to scale faster than we could have ever predicted.

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  Thursday, 23 Sep 2010 | 12:54 PM ET

CNBC TRANSCRIPT: Warren Buffett on Recession, Taxing the Rich, and Capitalism's 'Regenerative Capacity'

Posted ByAlex Crippen
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This is a transcript of Warren Buffett's complete interview with CNBC's Becky Quick on Wednesday, September 22, 2010. Portions of their conversation aired today (Thursday) on Squawk Box.

DOWNLOADABLE PDF TRANSCRIPT

Buffett was in New York for a Goldman Sachs event celebrating the first graduates from the firm's "10,000 Small Businesses " initiative.

BECKY QUICK: Warren, thank you for joining us today.

WARREN BUFFETT: My pleasure.

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  Thursday, 23 Sep 2010 | 9:08 AM ET

Warren Buffett to CNBC: Country Should Get Needed Income from the 'People Who Have It'

Posted ByAlex Crippen
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Warren Buffett tells CNBC he doesn't buy theargument that raising taxes for the rich would derail thenation's economic recovery.

In a taped interview with Becky Quick, Buffett says thatwhile $250,000 in annual income is not necessarily hisdefinition of "rich", he does think it is a "little obscene"that the tax system has gotten "tilted toward guys like me"over the last 20 years.

"When a country needs more income, and we do -- we're onlytaking in 15 percent of GDP ... they should get it from thepeople that have it."

  • WARRENBUFFETT TO CNBC: "WE'RE STILL IN ARECESSION"
  • U.S.CAPITALISM'S 'REGENERATIVE CAPACITY' MORE IMPORTANT THANGOVERNMENT STIMULUS
  • COMPLETEINTERVIEW TRANSCRIPT
  • While Buffett acknowledges that a compromise may becomenecessary, he thinks President Obama should be "pretty tough"on insisting that the expiring Bush-era tax cuts are extendedonly for the middle class and not the rich.

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      Thursday, 23 Sep 2010 | 7:29 AM ET

    Warren Buffett to CNBC: U.S. Capitalism's 'Regenerative Capacity' More Important Than Government Stimulus

    Posted ByAlex Crippen
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    Warren Buffett tells CNBC that the "normal regenerative capacity of American capitalism" will play a much bigger role in the country's emergence from recession than the government's stimulus of the economy.

    While he acknowledges that while it is "important" to have the "right" fiscal and monetary policies, "We have had many recessions in the history of this country when nobody even heard of fiscal policy or monetary policy. The country always comes back."

    In a taped interview with CNBC's Becky Quick airing this morning on Squawk Box , he did offer one suggestion to Washington, noting that banks have over a trillion dollars on deposit with the Federal Reserve: "I think the Fed is paying those banks a quarter of a percent now. I thought maybe-- maybe they ought to charge them a quarter of a percent to leave their money on deposit and that would really push it out" by encouraging banks to make loans.

    Buffett says whether its called a Stimulus Bill or not, the government's deficit spending "is more stimulative than any policy we've followed since World War II." But, he says, "It isn't kick starting things as much as the American public would like."

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      Thursday, 23 Sep 2010 | 6:29 AM ET

    Warren Buffett to CNBC: "We're Still In a Recession"

    Posted ByAlex Crippen
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    Warren Buffett tells CNBC that by his own "common sense" definition, the United States is "still in a recession."

    In a taped interview with Becky Quick airing this morning on CNBC's Squawk Box , Buffett says, "I think we're in a recession until real per capita GDP gets back to where it was before."

    While Buffett continues to believe the U.S. will eventually emerge from its economic downturn, "We're not gonna be out of it for awhile."

    Buffett was responding to a question from question about the National Bureau of Economic Research's determination earlier this weekthat the recession 'officially' ended in June, 2009.

    Here's the entire clip as it aired on the 6a ET hour of Squawk Box. Becky started by asking Buffett if small businesses are having trouble getting loans:

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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.