On May 1, the 50th edition of the Berkshire Hathaway annual meet kicks off in Omaha. Ahead of this meeting, we here at Business Insider were sent a package from one of Warren Buffett's portfolio companies: See's Candies. See's was acquired by Buffett's Berkshire Hathaway in 1972 for $25 million. Show More Summary
Barron's, Warren Buffett’s Nifty Tax Loophole: Warren Buffett has backed higher individual tax rates–while ensuring that his vast wealth in Berkshire Hathaway is almost immune. Warren Buffett is fond of saying his tax rate is lower than his secretary’s. He does not publicize his tax returns, but for the tax...
If you thought currency-wars were a problem, just wait until crony-wars begin. In a stunning show of disagreement among the omnipotent, The FT reports that a Freedom of Information Act request has confirmed The Bank of England wroteShow More Summary
Is Berkshire Hathaway not too big to fail? According to a report from The Financial Times, the Bank of England has asked the US Treasury why Berkshire Hathaway's reinsurance operations were left off a list of "too big to fail" institutions. Berkshire's...Show More Summary
This is a setup question, because no equity portfolio ever lasts a century. But, several Berkshire Hathaway positions do go back 50 years or so. I'm thinking of Geico, American Express, possibly Coca-Cola. And yet, Buffett opened his window and threw out ExxonMobil, a 2014 recent acquisition. Blame changeable fundamentals. Wine [...]
My taste in financial advice runs toward the simple and the lessons I’ve learned the hard way. But I still like reading about investing/finance, and I recently read through the 2014 annual report for Berkshire Hathaway. Given that it was the 50th anniversary of Warren Buffett taking charge of Berkshire, I have to admit that […]
When Warren Buffett considers hiring an executive for his company Berkshire Hathaway, he assesses their intelligence and drive. But more importantly, he said at a talk at the Ivey Business School in late February, he judges that person's...Show More Summary
My wife and I travel often to ski and snowboard (she's the two-planker), typically spending many days in Park City, Utah. We have a friend up there who sells for Berkshire Hathaway...
``The Seattle Times and The Center for Public Integrity, a nonprofit, nonpartisan investigative newsroom based in Washington, D.C. reported that Berkshire Hathaway Inc.'s home mobile company Clayton Homes has been involved in unfair consumer lending practices.''
With Berkshire Hathaway's annual meeting showcasing in a few weeks, I thought it would be instructive to hear what was on Berkshire Vice-Chairman Charlie Munger's mind these days. Munger is also chairman of the Daily Journal Corporation (ticker: DJCO), a legal publisher based in Los Angeles, and their annual meeting [...]
Warren Buffett just bought a big stake in an industrial paint and coatings company. Buffett's Berkshire Hathaway announced on Tuesday that it's buying 20 million shares of Axalta Coating Systems from affiliates of Carlyle Group for $560 million, or $28 per share. Show More Summary
Berkshire Hathaway's Warren Buffett is increasing his investment in the recovering U.S. automotive sector, this time by taking a $560 million stake in Axalta Coating Systems, a 145-year old seller of coatings for cars, SUV's and commercial vehicles.
Adam Jeffery, CNBC/NBCU Photo Bank via Getty ImagesBerkshire Hathaway CEO Warren Buffett Warren Buffett's Berkshire Hathaway (BRK-B) will pay $560 million for a nearly 10 percent stake in Axalta Coating Systems, which has seen its stock...Show More Summary
Volatility and risk are not the same thing. In his most recent annual letter to shareholders, Berkshire Hathaway CEO Warren Buffett wrote about the difference between the two, and how so many investors end up conflating these concepts...Show More Summary
Microsoft co-founder Bill Gates, Berkshire Hathaway CEO Warren Buffett and Oracle Chairman Larry Ellison are among more than 120 wealthy people and families who have announced they will give away their fortunes. The S&P 500 has gained 11 percent over that period. Since Cook became CEO, Apple's stock has more than doubled to create about $370 billion in shareholder wealth.
NEW YORK -- It’s no wonder people come from near and far to hang on every word when Warren Buffett, CEO of Berkshire Hathaway, makes an appearance, as he did today at the Automotive Forum, co-sponsored by the National Automobile Dealers Association and J.D. Power and Associates. He’s just so darn quotable. Buffett and his [...]
NEW YORK (Reuters) - Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said Tuesday that an exit by Greece from the euro zone could be constructive for the region. "If it turns out the Greeks leave, that may not be a bad thing for the euro," Buffett told cable television network CNBC. Show More Summary
Kraft Foods Group Inc, the maker of Velveeta cheese, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. Kraft's...Show More Summary