Investing Warren Buffett Watch

  Wednesday, 14 Sep 2011 | 12:45 PM ET

Warren Buffett: Newly Hired Money Managers Not Bothered By Higher Tax Rate

Posted ByAlex Crippen
Warren Buffett says the two new money managers he hired will be paying taxes at a much higher rate now that they'll be getting a salary from Berkshire Hathaway, but they're not bothered "one bit." »Read more
  Wednesday, 14 Sep 2011 | 12:01 PM ET

Hedge-Fund Managers Talk About Obama's Tax Hike Plan

Posted ByJohn Carney
Many of the hedge fund managers at the Delivering Alpha conference are not pleased with Barack Obama's proposal to raise taxes on carried interest. But they're hardly panicking about it either. »Read more
  Monday, 12 Sep 2011 | 10:39 AM ET

Bank of America Continues to Ignore Market View of Risk

Posted ByJohn Carney
Bank of America's CEO Brian Moynihan once again laid out his company's plan to meet regulatory capital requirements and denied that the company will have to issue new stock to raise capital. The bank can meet its requirements simply by retaining profits. »Read more
  Monday, 12 Sep 2011 | 9:02 AM ET

$5.3M Dinners With Warren Buffett Lead to Dream Job for Money Manager

Posted ByAlex Crippen
Ted Weschler
Photo: Janis Jaquith
Ted Weschler

A portfolio manager who paid a total of $5.3 million for two meals with Warren Buffett has just been hired to help pick stocks at Berkshire Hathaway.

In a news release this morning, Buffett's company says 50-year-old Ted Weschler of Charlottesville, Va., will join Berkshire early next year. He is currently managing partner at the hedge fund he started in 2000, Peninsula Capital Advisors.

Weschler joins 2010 Berkshire addition Todd Combs as a portfolio manager.

And in an unusual twist, Fortune's Carol Loomis revealsthis morning that Weschler met his new employer by winning Buffett's annual charity "Power Lunch" auction for the past two years. (Proceeds go to San Francisco's Glide Foundation.)

Until today, the name of the winning bidder for 2010 and 2011 had been kept confidential.

Weschler paid $2,626,311 last year, and then won again this year with a slightly higher $2,626,411 bid. He could have gotten the lunch for less, but he wanted to top his own record bid the year before.

»Read more
  Tuesday, 6 Sep 2011 | 7:15 AM ET

Party Celebrating Capitalism Has Ended: Fund Manager

Posted ByPatrick Allen
  Friday, 2 Sep 2011 | 10:34 AM ET

Bank of America Under Fed Scrutiny

Posted ByJohn Carney
Bank regulators from the Federal Reserve have been pushing Bank of America to put in place a plan for what to do if conditions worsen, according to The Wall Street Journal. »Read more
  Thursday, 1 Sep 2011 | 11:36 AM ET

Will Bank of America's Buffett Deal Backfire?

Posted ByJohn Carney
Pulitzer Prize winning journalist Jesse Eisinger raises an important point about Bank of America—and the banking system in general. »Read more
  Tuesday, 30 Aug 2011 | 4:54 PM ET

Does Warren Buffett Think the Government Would Rescue Bank of America?

Posted ByJohn Carney
A lot of people have wondered about the haste with which The World's Greatest Investor, Warren Buffett, decided to buy $5 billion of preferred equity and warrants from Bank of America. To hear the Oracle tell it, the idea came to him in the bathtub. Not too long later he was dictating terms to the bank. »Read more
  Tuesday, 30 Aug 2011 | 4:26 PM ET

Happy Birthday, Warren Buffett

Posted ByJohn Carney
Despite what many people seem to believe, Warren Buffett did not spring fully formed from the mind of Zeus. He, too, was born of woman and today the old guy celebrates his 81st birthday. »Read more
  Thursday, 25 Aug 2011 | 6:42 PM ET

Cramer on Buffett’s ‘Big Save’ of Bank of America

Posted ByMichelle Fox
Now that Warren Buffett has “saved” Bank of America, find out if Cramer thinks it’s a buy. »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.