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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.
As the stock market's wild moves downward have average Americans worried about their financial futures and looking for leadership, it's important to keep Warren Buffett's reassuring words about the long-run in mind.
Just weeks after losing his title of "America's Richest Billionaire," Warren Buffett is number one again. Forbes Magazine is out with a September update to its Forbes 400 list of the richest people in the United States. October may be another story.
Warren Buffett's name was mentioned during last night's debate by both John McCain and Barack Obama as a potential Treasury Secretary, but it seems extremely unlikely Buffett would ever give up Berkshire Hathaway and Omaha and relocate to Washington.
Stocks fell apart going into the close. For those watching technicals, we took out yesterday's lows. So what's the issue?
Despite coming with glowing words of praise for General Electric and Goldman, Warren Buffett's big investments in the two companies haven't moved the stocks higher in the short-term.
Warren Buffett's latest moves to boost confidence and make money have The New York Times hearing echoes of J.P. Morgan's effective response to the financial crisis of 1907.
Their times and personalities are vastly different, but J. Pierpont Morgan’s role in the Panic of 1907 has its echo in Warren E. Buffett’s actions during the current financial troubles, says the New York Times.