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Investing Warren Buffett Watch

  Thursday, 2 Jun 2011 | 9:34 PM ET

Bidding Starts Sunday for Seven-Digit Steak with Warren Buffett

Posted ByAlex Crippen
The annual charity bidding for lunch with Warren Buffett begins this coming Sunday, June 5 at 10:30p ET.  Five days later, someone will probably be paying over a million dollars to dine with Buffett. »Read more
  Monday, 16 May 2011 | 6:46 PM ET

Five Things to Watch: DSK Aftermath and More

Posted By CNBC.com|Edited by Matthew Levine
TKTKTKTKTK »Read more
  Monday, 16 May 2011 | 5:11 PM ET

New MasterCard Stake and Secret Holdings for Warren Buffett's Berkshire Hathaway

Posted ByAlex Crippen
Warren Buffett's Berkshire Hathaway is reporting a new, but relatively small, stake in MasterCard.  It's not, however, publicly reporting some "confidential information" on its just-released 13-F filing with the SEC. »Read more
  Wednesday, 11 May 2011 | 9:46 AM ET

How to Survive and Thrive From Information Overload

Posted By Andy Boynton, Bill Fischer, and William Bole |Authors, The Idea Hunter

Guest Author Blog: Know Your Gig by Andy Boynton and Bill Fischer, with William Bole authors of, THE IDEA HUNTER: How to Find the Best Ideas and Make them Happen

»Read more
  Friday, 6 May 2011 | 7:00 PM ET

Buffett's Berkshire Reluctantly Writes Down $506 Million in Stock 'Losses'

Posted ByAlex Crippen
Warren Buffett
Getty Images
Warren Buffett

The basic headlines from tonight's quarterly earnings report by Berkshire Hathaway weren't a surprise. Warren Buffett previewed the numbers at last weekend's annual meeting.

There is, however, an interesting revelation we didn't know.

After discussions with the SEC on the subject, Berkshire Hathaway is recording $506 million in "other-than-temporary impairment losses" on two stock holdings: $169 million for Kraft Foods and $337 million for a portion of its Wells Fargo stake .

That's not because Berkshire sold the shares at a loss. It's due to accounting rules that require write-downs for unrealized losses when they've been around for awhile. The rules, however, do not include a clear, unambiguous definition of "temporary."

In its 10-Q report , Berkshire acknowledges that most of the unrealized losses were more than two years old.

Berkshire, however, notes it has the "ability and intent" to keep those stock positions until they become profitable, or longer. And the company "strongly believes" that will indeed happen eventually. "The recognition of such losses ... does not necessarily indicate that sales are imminent or planned and sales ultimately may not occur for numerous years or even decades."

The 10-Q also notes that Berkshire is writing down a third of a billion dollars in unrealized losses for 104 million shares of Wells Fargo, even though it holds another 255 million shares with an unrealized gain of $3.7 billion. That "gain" is not included in Berkshire's quarterly report.

"This odd result occurs because existing accounting rules require that impairments be evaluated as to whether or not they are other than temporary on an individual purchase lot basis since that is how we determine realized investment gains/losses on sales of investments."

Changes in market value for stocks and other holdings are included in Berkshire's shareholders' equity, a metric Buffett values much more than net earnings.

As of March 31, shareholders' equity totaled $160 billion , an increase of 8.8 percent from $147 billion three months earlier.

Current Berkshire stock prices:

Class B:

Class A:

For more Buffett Watch updates follow alexcrippen on Twitter .

Email comments to buffettwatch@cnbc.com

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  Monday, 2 May 2011 | 2:08 PM ET

Was the Financial Crisis Caused by Ignorance?

Posted ByJohn Carney
capitol_building_wallstreet_200.jpg

Famed economist Hernando de Soto argues in the most recent issue of Business Week that the financial crisis was brought about by a reversal of a long trend to record and classify economic knowledge.

In reaction to earlier economic crises, reformers assembled what de Soto describes as "the first massive 'public memory systems.'"

» Read More
  Monday, 2 May 2011 | 1:17 PM ET

CNBC Transcript: Warren Buffett on Osama Bin Laden, the U.S. Economy, and the Sokol Scandal

Posted ByAlex Crippen
Shareholders Meeting 2011: CNBC Transcript and Video
Shareholders Meeting 2011: CNBC Transcript and Video

This is a transcript of Warren Buffett's live interview, his first since this weekend's Berkshire Hathaway shareholders meeting, on CNBC's Squawk Box on Monday, May 2, 2011. He discussed his reaction to the death of Osama Bin Laden, the state of the U.S. economy, and the continued fallout from the David Sokol scandal.

BECKY QUICK: Right now we'd actually like to get some more reaction to last night's developments. We're in Omaha, where Berkshire Hathaway held its annual meeting this weekend. Joining us right now is Warren Buffett himself. Also on the phone, calling in, is Jack Welch. Both these gentlemen appeared on "60 Minutes" on September 16th, 2001. That was the day before the United States markets reopened following those 9/11 attacks. At that time they were talking about the economic and investing impact of those infamous acts of terror. And, gentlemen, we want to thank both of you for joining us here this morning to talk about what's happened.

WARREN BUFFETT: Thank you.

JACK WELCH (Author, "Winning" and "Straight From the Gut"): Thank you.

BECKY: Morning, Jack. We thank you, Jack. We often come to you two when we need a little bit of historic perspective, when we're trying to put events in some sort of perspective. And, Warren, when you heard the news about Osama bin Laden last night, what did you think?

»Read more
  Monday, 2 May 2011 | 8:40 AM ET

What's On: Warren Buffett, CEOs Galore and 'Metal Mania Monday'

Posted By Jason Gewirtz|Senior Producer

Start your week of trading off on the right foot by checking out "Squawk on the Street," which airs Monday at 9 a.m.

We'll be covering Berkshire Hathaway's annual investors' meeting, which took place over the weekend. CNBC's Becky Quick will interview Berkshire CEO Warren Buffett live from Omaha. The stock sage will share his thoughts on the stock price, the Sokol scandal and a lot more.

Meanwhile, Signature Bank CEO Joseph Depaolo and LyondellBasell CEO James Gallogly are also scheduled to appear on Monday's program. Both executives have great stories to tell. Wait until you hear about Lyondell's amazing turnaround from bankruptcy to Wall Street high flyer.

Also on the big show, "Metal Mania Monday." We're looking to see what has the best shot of making you the most money in the months ahead: copper , gold or silver .

Finally, HBO's big move, on the move.

______________________

Squawk on the Street comes to you live from the New York Stock Exchange each weekday morning at 9 a.m. ET.

»Read more
  Monday, 2 May 2011 | 8:13 AM ET

Warren Buffett to CNBC: "Felt Good" When He Heard of Osama Bin Laden's Death

Posted ByAlex Crippen
110502_BuffettLiveInterview.jpg

Warren Buffett tells CNBC that he "felt good" when he first heard the United States had killed Osama Bin Laden .

"It was joy."

He says his "thoughts went back to 9/11" and he remembered his outrage watching pictures of the attacks on CNBC.

In a live interview this morning on CNBC's Squawk Box following the Berkshire Hathaway shareholders meeting, Buffett says he's always had faith in the country to accomplish anything.

Still, he warns, the threat of terrorism has not been eliminated with Bin Laden's death.

On the U.S. economy, Buffett says the pace of the recovery has been slow but "steady," more steady than the nation's mood.

He expects that when residential construction comes back, the lagging labor market will reflect the improved economy.

»Read more
  Sunday, 1 May 2011 | 4:53 PM ET

Five Things to Watch: Squawking with Warren and Metals Mania

Posted By CNBC.com|Edited by Matthew Levine and Nikhil Deogun

Record-breaking gold tries to keep pace with silver in a busy week that begins with Buffett's burden and drumrolls towards Jobs Friday. Here's what we're watching...

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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.