Warren Buffett mentioned in an interview with CNBC this morning that he has a plan to help the troubled bond insurance situation, but so far it’s not getting a very warm reception.
Warren Buffett had offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit [...]
Shares of Ambac Financial Group, Inc. (NYSE: ABK) are being crushed even harder today than yesterday by more than 60% to around $5.00. The problem is that...
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Warren Buffett became one of the wealthiest people in the world by making predictions and putting money behind those predictions. Every time he buys a stock or a business or some other investment, he's forecasting the future.Judging by the incredible returns of his holding company Berkshire Hathaway, Buffett and his colleagues are very good at making those predictions.Of course, it helps when you can give your predictions plenty of time to come true. That's one reason Buffett's favorite holding period for investments in "outstanding businesses with outstanding managements" is "forever." After all, "We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely."With that in mind, here are Warren Buffett Watch's "Eight for '08" .. and beyond.1. Recessions can't be avoided forever. In the last few days, Buffett told our Becky Quick that if unemployment picks up significantly, the "dominoes" will fall and the U.S. economy will fall into recession
A few days ago, Warren Buffett was in San Francisco doing a fund raising campaign for Hillary Clinton. While he was there, he was interviewed by CNBC’s Becky Quick on Squawk on the Street.
These are some of the points covered during the interview:
What the Fed rate decision means to him
His views on the economy
The reason [...]
Warren Buffett started with US$100 in 1956 and turned it to over US$40 billion fortune for himself. Amongst the world's Richest people, he stands out as the one who make it not by being an entrepreneur but by investing in businesses run by great entrepreneur.Below I share with you some gems of wisdom from Warren Buffett.Cheers!Surround yourself with people you trust and you’ll do fine.if you could only make 20 investing decisions you would think harder about those decisions and make more money.You need temperament and discipline not IQ. You need extraordinary discipline. That is the hard thing.Q: What do you look for in a business leader?Focus, Mission, and Projected confidence.Pick good heros (role model). Who your heros are determines who you will be. Your inner score card matters more than your outer score card.The time to do it is today. You may not be doing it in 30 years. Seize the day.Do not do something because you feel the need to do it. Do it because you want to do it.On Ho
Last week, Warren Buffett put $2 billion of Berkshire Hathaway’s cash to work by buying high-yield bonds issued by Dallas-based power producer TXU Corp.
Berkshire(NYSE:BRK) bought into two bond issues by TXU. One was a $1.1 billion purchase of 10.25% bonds at 95 cents on the dollar to give Buffett an effective yield of 11.2%. Berkshire [...]
CNBC’s Becky Quick recently traveled to Omaha, Nebraska to shoot additional material for her one-hour special focusing on Warren Buffett’s whirlwind tour of Asia.
While Becky was there, Warren Buffett gave her a tour of the Berkshire Hathaway offices. He talked about some of the mementos he’s collected and their personal significance to him, and to [...]
Berkshire Annual Letter 2001 (Part 1)
When Warren Buffett first setup his investment partnership on May, 1956, he gave his other founding partners a short paper called “The Ground Rules“.
One of the ground rules stated that their performance would be measured relative to the general market performance, rather than on an absolute level.
A consistent out-performance of [...]
A soon-to-be released report of a study by Professor Gerald Martin of American University in Washington and Professor John Puthenpurackal of the University of Nevada has shown that investors would have earned close to twice the returns of the S&P 500 Index during the past three decades just by buying the same stocks that Warren [...]
Last night came the filing from Berkshire Hathaway (NYSE:BRK-A) showing its public company stock holdings as of September 30, 2007. Berkshire's four largest...
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...and not just because he is from Nebraska (although that helps).
He argued today in front of the Senate finance committee in favor of the Estate Tax. He further argued that the revenues from the Estate Tax should be used to give tax breaks to the poor. How novel.
That's right. The third richest man in the world is in favor of a tax...on the rich.
Let me see if I have this straight. People
Some people paid hundreds of thousands of dollars just to have lunch with Warren Buffett. Becky Quick of CNBC is one lucky lady. Recently, she had the good fortune to accompany Warren Buffett on a week long trip to China and South Korea.
CNBC managing editor Tyler Mathisen had a short interview with Becky Quick to [...]
Berkshire Annual Letter 2000 (Part 4)
In the annual letter to his shareholders in year 2001, Warren Buffett reminded us again not to believe everything we read in the press about Berkshire.
Reports with incorrect information can be very dangerous when circulated by highly regarded media.
Even Wall Street Journal reported incorrectly in the 29th Dec 2000 issue [...]
Warren Buffett continues to speak out against the unfair tax treatment for high networth individuals. In an interview with Tom Brokaw on NBC Nightly News Monday night, he calls for higher taxes on very wealthy Americans.
In this interview, Warren Buffett and Tom also covers:
Threats to the U.S. economy - The seriousness of the housing crisis.
A [...]
A week after Warren Buffett sold its entire stake in Petrochina, Warren Buffett warned investors to be cautious about the Chinese stock market, which has risen nearly six times in the last two years.
During a visit to Dalian in north-east China, Mr Buffett said he has always been skeptical about markets that had risen as [...]
We know that Warren Buffett has been paring his stake in Petrochina. In an interview on Fox Business a few days ago, Warren revealed that Berkshire’s entire stake has been sold. The reason was selling was due to valuation and not over the company’s role in the Darfur. The investment bagged Berkshire a profit of [...]
Earlier on, we had speculated on what currency Warren Buffett was actually holding. The mystery currency that Warren Buffett bought turned out to be the Brazilian Real.
Warren Buffett said in an interview on Fox Business Network, “If you told me 10 years ago I would buy the Brazilian real, you would, I would, have thought [...]
Warren Buffett’s Berkshire Hathaway reported on Monday that they have reduced their stake in railway companies Norfolk Southern Corp. and Union Pacific Corp during the second quarter from Apr to Jun 07.
According to a Securities and Exchange Commission filing, Buffett’s holding in Union Pacific fell to 7.41 million shares valued at $853.4 million as of [...]
Another joke by Buffett
Finally, there is the negative that recurs annually: Charlie Munger, Berkshire’s Vice Chariman and my partner, and I are a year older than when we last reported to you. Mitigating this adverse development is the indisputable fact that the age of our top managers is increasing at a considerably lower rate - [...]
Buffett’s Berkshire Hathaway holding company reveals in a series of filings with the SEC that it has exercised call options to puchase 7,847,818 shares of the freight railroad Burlington Northern Santa Fe.
This purchase raises Berkshire’s stake to 60,828,818 shares, or 17.2% of Burlington Northern’s outstanding shares.
In my previous post on this matter, I mentioned that [...]
Warren Buffett will visit South Korea later this month, according to a short news article reported by leading Korean newspaper The Chosun Ilbo.
It will be Warren Buffett’s first visit to the country. On the itinerary will be a tour of a Berkshire subsidiary in the city of Daegu, lunch with Korean business leaders and a [...]
In a telephone interview by Becky Quick of CNBC, Warren Buffett gives his take on the following matters:
Why changes in the Federal Reserve rates doesn’t bother him.
What he thinks of the market in terms of the credit crunch.
His worries about inflation.
You can listen to the interview or read the complete transcript.
Related PostsWarren Buffett Cuts Berkshire’s [...]
Back in April 2003, Warren Buffett purchased about 10% of PetroChina for US$488 million at less than HK$1.70 a share. With the present share price above HK$11, this investment has turned out into a 6-bagger.
Amid calls for U.S. investors to reduce holdings in China’s biggest oil producer because of its links to Sudan, Warren Buffett [...]
In an earlier interview with CNBC, Warren Buffett mentioned that the current crisis offers fine buying opportunities. Rumours have been flying that Warren Buffett is currently buying shares in distressed mortgage lenders, one of them Countrywide.
CNBC tried to catch Warren Buffett again but couldn’t get anything much out of the sage of Omaha. Warren Buffett [...]
Here’s a recent interview that Becky Quick of CNBC did with Warren Buffett. In this interview, Warren Buffett talks about:
Barack Obama, Senator Cliton and the presidential election.
The wealth gap and the US tax system.
His views on the market.
The US subprime mortagage situation and commercial papers.
Whether it matters to him who wins the White House.
Consumer pinch.
You [...]
Yesterday evening's FED FILINGS shows some interesting increases in holdings in Warren Buffett's...
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The August 6, 2007 print edition of U.S. News & World Report had a 10-page special on Warren Buffett. Here are some snippets:
If you had invested $1000 with Warren Buffett at 1956, it would have grown to 27 million at the end of 2006.
Six Warren Buffett rules of investing:
Make money by not losing money.
Don’t get [...]
For those of you who have been reading the annual letters, you will realise that Warren Buffett likes to include humourous writings into his letter. Some of them are actually quite funny and starting from today, I will be sharing them with you on a consistent basis. Here’s one:
There are really only three kinds of [...]
Leslie McFadden It's not every day you get to see the world's second richest man lose.But the shareholders of Berkshire Hathaway Inc., Warren Buffett's holding company, got to see it twice during the first weekend in May at the Berkshire Hathaway 2007 Annual Shareholders Meeting in Omaha, Neb.First Buffett, whose net worth Forbes magazine lists at $52 billion, took on friend and Cleveland Cavaliers basketball star LeBron James in a game of "horse." Then he challenged an 11-year-old table tennis champion.Suffice to say, Buffett probably ought to stick to investing.Much of the weekend was filled with light-hearted fun. Shareholders who made the pilgrimage to Omaha this year got a chance to shop the merchandise of Berkshire's many subsidiaries, watch a company video of Buffett playing James and capture many Kodak moments of Bill Gates and Warren Buffett playing table tennis at the local mall.Of course, the real reason people flocked to Omaha, had nothing to do with a desire to see Bu
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