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Warren Buffett Watch

  Sunday, 27 May 2018 | 1:00 PM ET

If you invested $1,000 in Netflix in 2007, here’s how much you’d have now

Video-streaming service Netflix continues to expand its reach — and its stock is reaping the benefits. The company also briefly passed Disney in market value late this month. Shares rose almost 2 percent, reaching a market value of $152.6 billion.

If you invested in Netflix in 2007, when it began its streaming service, that investment would have really paid off. A $1,000 investment would be worth more than $108,000 as of May 25, according to CNBC calculations, or more than 100 times as much, including price appreciation and dividend gains reinvested.

In the charts below, all data splits are adjusted and gain-loss figures do not include dividends, interest, distributions or fees except on cash accounts. The portfolio value represents current holdings and the comparison charts represent current and historical prices of individual benchmarks, stocks or exchange-traded funds.

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  Sunday, 27 May 2018 | 11:00 AM ET

Why the secret to your success could be owning a pet

Posted ByRuth Umoh

Few things compare to the joy of coming home to a furry companion. But just in case you need another reason to snuggle your pet, here's one: Animals provide mental and health benefits that can serve you well in your professional life.

Employers like Google and Amazon have already caught on to this fact, and many workplaces are now pet-friendly. A number of billionaire tech titans are proud pet owners, including Facebook founder Mark Zuckerberg and Tesla CEO Elon Musk.

Here are three science-backed ways owning a pet can contribute to your success:

»Read more
  Saturday, 26 May 2018 | 10:00 AM ET

'Solo' star's first job was picking passion fruit—here's where 5 other celebs started

Alden Ehrenreich, who plays Han in the latest "Star Wars" movie, "Solo," made his feature-film debut at age 19. But he started earning money well before launching his acting career.

"When I was 13, I got my first job — working on my uncle's passion fruit farm in Santa Barbara," the 28-year-old tells online investing platform Wealthsimple. "My duties were to pick and sort passion fruit, install fence posts and irrigation systems, and drive a large tractor. It was real-deal physical work, and every day was completely exhausting."

He's not the only celeb who started out with a less-than-glamorous gig. Read on to see how five other rich and famous people made their first few bucks:

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  Saturday, 26 May 2018 | 10:00 AM ET

NBA star Andre Iguodala on why this Buffett biography is 'the best business book'

Golden State Warriors star player Andre Iguodala is known not only as a 14-year NBA veteran, but also a businessman with investments in top tech companies like Facebook, Twitter and Tesla.

He credits a lot of his knowledge about business and finance to books. In a recent interview with GQ, he said that the one book he can't live without is Alice Schroeder's "The Snowball: Warren Buffett and the Business of Life."

"This is the best business book that I've read," he says. "And probably the longest book I've ever read."

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  Thursday, 24 May 2018 | 10:58 AM ET

Here's why Warren Buffett says to 'run a lousy business'

Warren Buffett's holding company, Berkshire Hathaway, is anything but lousy: In 2017, it generated net income of $44.94 billion. But there are advantages to being exposed to struggling businesses, the Berkshire chairman and CEO said at the 2017 Berkshire Hathaway Annual Meeting, adding that it may even make you a better investor: "I really think, if you want to be a good evaluator of businesses — an investor — you really ought to figure out a way, without too much personal damage, to run a lousy business for a while.

"I think you'd learn a whole lot more about business by actually struggling with a terrible business for a couple of years than you learn by getting into a very good one where the business itself is so good that you can't mess it up."

Buffett's longtime business partner Charlie Munger, who has been around for many mistakes and failures, agreed. "It was very useful to us," Munger said of their early days, when they were involved with some bad businesses. "There's nothing like personal, painful experience, if you want to learn. And we certainly had our share of it."

Still, while running a lousy company can be a "useful experience," Buffett said, "I wouldn't advise too much of it."

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  Wednesday, 23 May 2018 | 4:04 PM ET

If you invested $1,000 in JPMorgan 10 years ago, here’s how much you’d have now

It's a good time for banks. The U.S. House of Representatives is passing a bill that will roll back some Dodd-Frank regulations and, thanks to the new tax bill, banks are reaping the benefits of lower corporate rates and a boost in overall profits.

JPMorgan Chase, one of the world's largest financial service companies, is among those doing well: this month, Morgan Stanley added it to its list of the 30 best long-term stock picks. That makes sense, given that the value of JPMorgan's stock has risen more or less steadily over the past decade and has recently reached new highs.

In fact, if you put $1,000 in the company in 2008, according to CNBC calculations, your investment would be worth more than $2,600 Wednesday, or over two and a half times as much, including price appreciation and dividend gains reinvested.

In the charts below, all data splits are adjusted and gain-loss figures do not include dividends, interest, distributions or fees except on cash accounts. The portfolio value represents current holdings and the comparison charts represent current and historical prices of individual benchmarks, stocks or exchange-traded funds.

»Read more
  Tuesday, 22 May 2018 | 3:42 PM ET

Why JPMorgan CEO Jamie Dimon puts work ‘literally last’ on his priority list

Posted ByRuth Umoh

JPMorgan Chase CEO Jamie Dimon is the chairperson of one of the world's most valuable banks. But that doesn't mean he focuses all of his time and attention on work. In fact, in a wide-ranging interview with CNBC's "Squawk Alley," Dimon says his secret to a successful life is to prioritize his family.

"I've always said family first, country second, JPMorgan literally last," says the 62-year-old father of three. Though Dimon is quick to add that he enjoys his job, he says that his family has seen him through thick and thin.

"Without your family and the support of your family and what you learn from them in the good times and the tough times ... you may not have a great life," he explains.

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  Tuesday, 22 May 2018 | 1:47 PM ET

Billionaire hedge fund manager Cooperman on what makes Warren Buffett the greatest investor ever

Posted ByTae Kim
Leon Cooperman on CNBC's "Halftime Report."
Scott Mlyn | CNBC
Leon Cooperman on CNBC's "Halftime Report."

Leon Cooperman, chairman and CEO of Omega Advisors, believes an efficient tax strategy was a key driver of Warren Buffett's amazing track record.

The billionaire investor was asked who he thought was the greatest investor of all time.

"How can you not say Warren Buffett? What's distinguished about Buffett's record, which I don't think people talk about enough, is the tax aspects of his record," Cooperman said Tuesday on CNBC's "Halftime Report." "Warren is a very tax sensitive investor."

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  Tuesday, 22 May 2018 | 1:31 PM ET

The richest person in every state, according to Forbes

Posted ByEmmie Martin

Forbes has released a list that identifies the richest person residing in every U.S. state for the fourth year in a row.

The ranking takes into account wealth both self-made and inherited and places the world's richest man, Jeff Bezos, in Washington state, knocking stalwart Bill Gates off the list for the first time. Fellow tech mogul Mark Zuckerberg earns a spot, though, as the wealthiest resident of California.

To create the ranking, Forbes updated the net worth of the billionaires they track for their World's Billionaires List and the Forbes 400 list. Six states — Alabama, Alaska, Delaware, New Mexico, North Dakota and Vermont — aren't home to a single billionaire so, in those locations, Forbes tracked down the wealthiest multi-millionaires.

Here's a snapshot of the richest person in every U.S. state. Click to enlarge.

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  Tuesday, 22 May 2018 | 9:52 AM ET

How this business owner landed a job at Berkshire through Warren Buffett's annual charity lunch

Posted ByAli Montag

For nearly 20 years, as a fundraiser for anti-poverty non-profit The Glide Foundation, billionaire and investing legend Warren Buffett has been auctioning off a lunch date with himself.

The bids for breaking bread with Buffett have soared in price: Last year's winner shelled out $2,679,001. In total, the coveted meals have raised over $26 million for the organization and given Buffett disciples the chance to glean wisdom from the 87-year-old over a steak, an order of hash browns and a cherry coke.

But for one former Virginia hedge-fund manager, winning the auction proved much more valuable than just scoring a chance to exchange ideas with Buffett.

After winning two years in a row, Ted Weschler landed a job offer from the Oracle of Omaha.

»Read more

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.