Warren Buffett likes to say, "It's only when the tide goes out that you know who's been swimming naked." That's his way of saying a downturn exposes those who had been taking on excessive risk when times were good. The other side of the tide is featured in a glowing report on Berkshire Hathaway today from a stock analyst initiating coverage with an "outperform."
The price of lunch with Warren Buffett has gone down since last year but it's still not cheap. Tonight (Friday), this year's charity eBay auction ended at $1,680,300. The winner wants to be anonymous. That's 20 percent below last year's record $2.1 million but 2-1/2 times the previous year's price.
Bidding for next year's charity lunch with Warren Buffett has accelerated as the auction goes into its final day. The high bid stands at $456,789 with less than 10 hours remaining until the eBay auction closes at 10p ET tonight (Friday.) There's still a long way to go, however, to top last year's record $2.1 million tab.
Just which way are the markets headed? Art Cashin, floor director at UBS weighed in Thursday. "The market's staggering a bit here," said Cashin.
Download the full transcript of Warren Buffett's headline-generating live interview on June 24, 2009 with CNBC's Becky Quick.
Warren Buffett appeared live on CNBC with Becky Quick today, Wednesday, June 24, 2009. Buffett told us the economy is in a "shambles" with no signs of a recovery anytime soon. He also criticized Apple for not disclosing earlier that CEO Steve Jobs had received a liver transplant. This is a transcript of their conversation.
In a live interview on CNBC today, Warren Buffett said there has been little progress over the past few months in the "economic war" being fought by the country. "We haven't got the economy moving yet."
Warren Buffett told CNBC that Apple has been too secretive about the health problems facing CEO Steve Jobs, saying the company should have immediately disclosed Jobs' liver transplant.
Warren Buffett's latest assessment of the U.S. economy will be a prime topic of conversation later this morning when he appears live on CNBC television. Buffett is scheduled to be interviewed by Squawk Box co-anchor Becky Quick at 11:45a ET, just before he hosts a charity lunch at New York's Smith & Wollensky steakhouse.
Newsletter writer and frequent CNBC guest Dennis Gartman isn't standing behind his reported "Warren Buffett is an idiot" quote. But Gartman does tell CNBC it's "inexcusable" that Berkshire Hathaway fell 45 percent in one year because Buffett didn't do enough to "mitigate" his losses in a tough market environment.
Warren Buffett is scheduled for a live interview on CNBC television this coming Wednesday morning at 11:45a ET on The Call. Squawk Box's Becky Quick will be speaking with Buffett in New York City, just before his lunch with last year's charity auction high bidder.
Microsoft's Bill Gates says the best advice he's ever gotten from his friend and fellow billionaire Warren Buffett is to keep things simple.
Bidding is now underway for an opportunity to have lunch with Warren Buffett. Last year, the winner paid $2.1 million. This year may be another story.
Options on Berkshire Hathaway's Class B shares begin trading today on the Chicago Board Options Exchange. Warren Buffett, however, probably isn't interested.
Lunch with Warren Buffett doesn't come cheap. Bidding on eBay for this year's "Power Lunch with Warren Buffett" begins this coming Sunday, June 21 at 10p ET. If you want to get into the action, be prepared. Last year, the lunch sold for $2.1 million.
Warren Buffett's big jewelry retailer in Omaha is feeling the recession's sting. In another sign that even 'luxury' stores backed by billionaires aren't immune to the economic downturn, Borsheim's has laid off 13 employees.
Warren Buffett has been looking beyond Wall Street stocks to find some "unthinkable" investment bargains.
A pair of cowboy boots signed by Warren Buffett has sold for $2700 at a Nebraska charity auction. That's $600 more than the $2100 high bid for boots signed by Buffett's friend and friendly competitor, Bill Gates.
Warren Buffett's official biographer has a "fair warning" for investors: The Oracle of Omaha isn't as bullish as he sounds. Alice Schroeder says you need to listen to both sides of his psychology: "buoyant optimism tempered by extreme caution... In temperament, he could be the son of Woody Allen and Doris Day."
Warren Buffett's Berkshire Hathaway has sold its remaining stake of over six percent in Constellation Energy, with most of it going to a British investment bank. In an SEC filing, Berkshire's MidAmerican Energy Holdings discloses a series of sales, including the sale of almost 11 million shares today (Monday) at $27.25 each to Barclays Capital. The rest of the shares listed in today's filing were sold on the open market over the past two weeks.