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The two investors who bid $650,100 in a charity auction to have lunch with Warren Buffett today tell CNBC the "fantastic" experience was "worth every penny." Mohnish Pabrai and Guy Spier, well-known investors in their own right, teamed up to make the winning bid in last year's edition of the annual auction that benefits San Francisco's Glide Foundation. They collected their prize today at New York's Smith & Wollensky Steakhouse. After their meal this afternoon, Pabrai and Spier spoke to Becky Quick in a live interview on CNBC's Closing Bell.
This is a transcript of Warren Buffett's live interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25, 2008 at 12p ET. Buffett tells Becky U.S. inflation is "exploding" and warns that the Federal Reserve must signal controlling prices is not a secondary concern.
Warren Buffett says inflation in the U.S. is "exploding" and he urged the Federal Reserve not to signal in any way that controlling prices is a secondary goal to encouraging economic growth. "Inflation is really picking up. Whether it's steel or oil, we see it everyplace," Buffett said of rising prices. Buffett made his comments in a live interview with Becky Quick on CNBC's Power Lunch.
This is a live blog of Warren Buffett's interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25. All times eastern.
Warren Buffett is scheduled to appear live with Becky Quick on CNBC's Power Lunch, tomorrow, Wednesday, June 25 at 12p ET. Buffett will be in New York to host his own "Power Lunch" with the high bidders in last year's 'Lunch with Warren' charity auction.
Warren Buffett heads to Chicago next week as the prime attraction at a pair of fund-raising events on behalf of Barack Obama's White House bid.
Kiplinger's offers "mortals" five stocks that fit Warren Buffett's investing criteria.
Bidding has begun for this year's "Power Lunch" with Warren Buffett. Proceeds go the San Francisco's Glide Foundation. Latest bid as of about 10a this morning (Monday): $40,100 .. but it will easily go into six figures before it's over. Buffett does, however, come with "free shipping" according to the auction site.
According to De Standaard, a Belgian newspaper, Warren Buffett stands behind InBev's hostile takeover bid for American brewer Anheuser-Busch,citing sources close to the situation. If true, this could prove a decisive endorsement in pushing the two companies closer to a deal.
Looks like the great American investor will have something to say about the future of the Great American Lager, with Warren Buffett reportedly involved in the hostile takeover battle between Anheuser-Busch and European brewing giant InBev.
Warren Buffett took his love of baseball to a major league mound tonight at Kauffman Stadium in Kansas City, throwing out the ceremonial first pitch before the Royals played the Texas Rangers. As you can see in this photograph provided by the Kansas City Star, Buffett didn't take the job lightly. No word yet on whether Buffett threw a strike or not.
Two musicians with very different styles who didn't know anything about each other are now working together to promote social action. One of them is Akon, the internationally famous Senegal-born "soul singer." The other musician is Peter Buffett, son of the internationally famous investor Warren Buffett.
InBev has made an unsolicited $65-a-share cash offer to acquire Anheuser-Busch, the American brewing giant said after markets closed Wednesday.
InBev, the giant Belgian beer company, is moving closer to making an unsolicited bid for Anheuser-Busch, people close to InBev have told CNBC.
Warren Buffett is scheduled to throw out the ceremonial first pitch at tonight's (Wednesday's) Kansas City Royals game. Hometown fans may be hoping some of Buffett's success as an investor will rub off on the Royals, who haven't been having much success on the field.
Warren Buffett is putting real money on the line, about $320,000 from his own pocket, in a 10-year bet to back his long-held argument that "experts" won't do better than the stock market as a whole. As a result, says Buffett, the fees that "helpers" charge investors usually aren't justified. This morning, Carol Loomis of Fortune Magazine, Buffett's friend and editor of his annual letter to shareholders, reveals in a piece headlined Buffett's Big Bet that the Omaha billionaire was an official wager going with Protégé Partners LLC of New York City.
Plus, the greatness of Woodward Governor.
Why does Warren Buffett seem to be "everywhere" lately? USA Today tries to answer that question today and comes up with five possible explanations. Buffett replies to the newspaper with his own take. Is he overexposed?
Short seller Doug Kass renewed his attack on Berkshire Hathaway, placing another bet against the stock by going short again yesterday and writing critically today about "some bombs in Buffett's book."
Warren Buffett's Berkshire Hathaway closed today (Friday) at a 12-week high. The stock ended the day (and week, and month) at $134,650, up 1.9 percent on the day.