Warren Buffett will participate in today's high-profile meeting of President-Elect Barack Obama and his team of economic advisers, "via speakerphone."
Warren Buffett's Berkshire Hathaway is expected to report a decline in quarterly operating earnings for the third quarter, its fifth consecutive year-over-year quarterly drop. Berkshire's results will be released after tomorrow's (Friday) stock market close.
There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them. In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.
Warren Buffett's Berkshire Hathaway has added 825,000 more shares to its Burlington Northern Santa Fe stake, bringing its total holdings to 64,610,418 shares. Those shares were bought two days ago, and are already worth $5 million more than the purchase price. But the longer-term picture isn't as positive.
In a web-only video interview, Warren Buffett biographer Alice Schroeder talks with CNBC's Tyler Mathisen about Buffett's disciplined work ethic, his greatest fear, and his friendships through the years.
Shares of Warren Buffett's Berkshire Hathaway fell just over six percent today to a 20-month closing low of $105,126. It's also a new intraday low for the stock, which had fallen to $105,300 on October 10 before ending that session at $113,100. Berkshire's decline on Wall Street comes amid criticism that Buffett has moved too quickly to take advantage of weaker prices in the financial markets.
Warren Buffett has gotten greedy too quickly while everyone else takes too long to become fearful, suggests today's Wall Street Journal. Peter Eavis writes that while Buffett has won "plaudits for some canny deals," there's also a dangerous pattern. "Mr. Buffett looks to be committing his capital too early. On some bets, waiting might have gotten him better terms or more attractive entry prices." According to Eavis, "Time for the Oracle to get a new crystal ball."
Short seller Douglas Kass has won his relatively short-term bet against Warren Buffett. Given Buffett's track record as the world's greatest investor, he doesn't lose very often.
Warren Buffett's high-profile call to buy U.S. stocks may have its skeptics, but the often-pessimistic Doug Kass isn't among them. He shares Buffett's longer-term optimism, and notes that Buffett has made only two similar bullish predictions in the past and was proved correct both times. Earlier this year, Kass generated some headlines by publicly betting that Berkshire Hathaway's stock would fall, citing Buffett's "investment-style drift" and "bombs" among Berkshire's stock holdings. In March, he listed "11 Reasons to Short Berkshire." The stock is down almost 13 percent year-to-date.
Warren Buffett has very publicly proclaimed that now is the time to be "greedy" and buy U.S. stocks, because everyone else is fearful, and those fears are driving down stock prices to bargain levels. While some praise his leadership and courage, there are also skeptics.
Warren Buffett may be busy buying U.S. stocks at "bargain" prices, but it appears not many investors enthusiastically followed his lead today.
Warren Buffett is the nation's most generous billionaire, according to a new ranking by Condé Nast's Portfolio Magazine.
Fear and volatility continue to dominate stock markets as the economy sinks into recession and profits estimates suffer from deeper downgrades. But how bearish should investors really be?
Buffett writes that he's been buying U.S. stocks for his personal account, picking up a "slice of America's future at a marked-down price."
J.P. Morgan analysts today though came up with some names, in a note titled "The Franchise 16 - Stocks to own beyond the market turmoil." They see these as core investments for the next 12 to 18 months.
Warren Buffett wants the world to know that it's time to get greedy right now, as fear sends stock prices plunging across the globe. Using the widely-read opinion pages of The New York Times, Buffett writes that he's been buying U.S stocks for his personal account, picking up a "slice of America's future at a marked-down price."
The credit crunch has meant tight money, so "Philanthropy is getting slammed," says Portfolio magazine editor in chief Monday Joanne Lipman told CNBC. "All the banks are major donors," she adds, citing Merrill Lynch as well as insurer AIG.
This is the text of Warren Buffett's New York Times opinion piece headlined "Buy American. I Am." In it, Buffett explains why he's been buying U.S. stocks for his personal account despite (due to, really) all the bad economic and market news that has Wall Street gripped with fear.
All three of Warren Buffett's recent live interviews with CNBC (Goldman and General Electric investments, House passage of the bailout bill) are now available for download as a PDF (Acrobat) document.
Warren Buffett took a break recently from making multi-billion dollar investments in American business icons to play the ukulele with two musicians who, unlike the Omaha billionaire, actually make a living as professional musicians.