Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), itself a dealer of reinsurance, reduced its shareholding of Munich Re (BIT:MUV2), the largest reinsurer in the world, last week after commenting that he and his associates saw trouble ahead for the industry. The sell represents a large shift of focus for an investor for [...]
Last week Forbes wrote a column explaining why Warren Buffett had no say in a Bank of America shareholder vote on CEO Brian Moynihan's chairmanship despite Berkshire Hathaway's de facto position as the bank's largest shareholder from warrants it acquired when loaning the company $5 billion during a 2011 cash crunch. Because [...]
In case you thought Berkshire Hathaway was involved in only one bad deal—the $36 billion all-cash takeover of cyclical, airline-supplying Precision Castparts for 20-times what may (or may not) turn out to be peak-cycle earnings—well,...Show More Summary
“It’s not supposed to be easy," Berkshire Hathaway's Charlie Munger says about investing. "Anyone who finds it easy is stupid.” Oaktree Capital's Howard Marks couldn't agree more. In his new 15-page memo titled "It's Not Easy," Marks...Show More Summary
Liz Myers was only a teenager the first time she got to pose a question to Warren Buffett at Berkshire Hathaway’s annual meeting. Three decades later, she can't recall the question, though she wishes she could. "He asked me recently what I asked. Show More Summary
A 14% surge in fatal car accidents in the first half of the year has surprised big car insurers, and Warren Buffett, whose Berkshire Hathaway owns Geico, says it’s because of distracted drivers.
The billionaire Warren E. Buffett told CNBC that his $32 billion acquisition of Precision Castparts, the biggest of his career, would not leave him short of cash for other investments.
Not to be outdone by his partner Charlie Munger (who offended many with his comments that "gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939,"), Berkshire Hathaway's Warren Buffett - having already...Show More Summary
Has Warren Buffet joined the Bernie Sanders bandwagon? The billionaire investor and Berkshire Hathaway chief executive Tuesday praised the U.S. senator from Vermont who is running for president against Democratic front-runner Hillary Clinton. “I think Bernie Sanders has been a terrific...
Also says Berkshire Hathaway has been spending about $500 million a week acquiring stock during recent market volatility
NEW YORK (Reuters) - Billionaire investing icon Warren Buffett said on Tuesday that there are dozens of countries in which his sprawling Berkshire Hathaway conglomerate would be interested in buying new businesses. Berkshire earlierShow More Summary
The Oracle of Omaha, Warren Buffett, chairman of Berkshire Hathaway, talked with Becky Quick of CNBC a short while ago, ahead of a charity lunch that one individual paid $2.3 million to have with him. The interview started off with Buffett’s revelation that Berkshire added to its 8.1% position in International Business Machines (IBM) in […]
The Oracle of Omaha, Warren Buffett, chairman of Berkshire Hathaway (BRKB) said he was adding to his position in International Business Machines (IBM) in August, during an interview with Becky Quick of CNBC. Quick noted that Buffett had in an earlier interview, in early August, implied he would be buying in Q2, but that the federal filings for […]
As Warren Buffett’s partner and vice chairman of Berkshire Hathaway (BRKB), Charlie Munger’s net worth is estimated at $1.23 billion. Tren Griffin, Microsoft's sr. director of strategy, explains how Munger beat the Dow Jones Industrial Average a phenomenal 13 years in a row by a whopping 15 percentage points on average. Show More Summary
Warren Buffett’s Berkshire Hathaway has revealed a $4.48 billion stake in oil refiner Phillips 66 The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Berkshire owned a much larger stake in the company but sold two-thirds of its investment in February 2014. Show More Summary
The company, led by Warren E. Buffett, on Friday disclosed a $4.48 billion stake, or roughly 10.8 percent of the stock, in the oil company Phillips 66.
This week’s insider purchases of Warren Buffett’s Berkshire Hathaway into the Houston-based refining company Phillips 66 are an indication of a solid rebound in US energy sector, as well as – possibly – the global crude price.
On Friday evening, billionaire investor Warren Buffett, the founder of Berkshire Hathaway, disclosed that he had purchased a massive stake in oil refinery Phillips 66 (PSX). Buffett now owns 57,975,456 shares, or a 10% stake in the Texas-based energy company, a ccording to a securities filing posted shortly after 8pm ET. Show More Summary
By Bryan Miller, co-chairman of The Alliance for Solar Choice The solar job losses have started in Nevada. Last Thursday, the solar market ground to a halt when NV Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Energy, claimed...Show More Summary