Wednesday

We found 34 articles about Warren Buffett for you to read this month

Buffett's gain wiped out as IBM abandons Earnings Goal - Bloomberg, 20 October 2014
Warren Buffett's margin of safety just got erased. The billionaire investor spent about $10.9 billion three years ago amassing a stake in International Business Machines Corp. (IBM) and has since bought more. The computer-services company's surprise announcement today that it was abandoning its 2015 earnings forecast caused the stock to plunge, lowering the value of Buffett's holding by about $900 million.

Buffett reduces stake in Tesco to under 3 percent - Associated Press, 16 October 2014
Warren Buffett's Berkshire Hathaway has reduced its stake in British retailer Tesco to under 3 percent, offering a fresh slap to the struggling company.

Why Warren Buffett wants to sell houses, cars and a whole lot more – CNN Money, 13 October 2014
Even those with only a passing interest in business affairs are familiar with the grandfatherly visage and folksy wisdom of investing sage Warren Buffett. And his long-time investing vehicle, Berkshire Hathaway, is almost a household name as well. Yet, for the most part, the Berkshire brand has remained behind the scenes.

Is Berkshire Hathaway becoming the virgin of unsexy Brands? - Forbes, 07 October 2014
Berkshire Hathaway has bought the nation's 5th largest private auto dealer, and its announced plans to buy more seems to foretell a Coke vs. Pepsi-like battle with AutoNation AN +1.89%. What's less obvious, or altogether clear, is whether Warren Buffett sees himself as a frumpy version of consummate brand-extender Richard Branson.

Warren Buffett: I made a mistake on Tesco - CNBC, 03 October 2014
Warren Buffett said he was wrong when it came to investing in Tesco. "With Tesco, we definitely made a mistake. I made a mistake on that one more than anybody else made a mistake ... That was a huge mistake by me," the billionaire told "Squawk Box" on Thursday.

Buffett's biggest deals and how Van Tuyl stacks up – The Wall Street Journal, 02 October 2014
Warren Buffett announced Berkshire Hathaway Inc.'sBRKA +0.17% latest acquisition Thursday morning — the Van Tuyl Group, the fifth-largest auto dealership in the U.S

Berkshire's entrance won't radically alter Dealership Landscape - Morningstar, 02 October 2014
Buffett will increase the competition for acquisitions, but there are still plenty of opportunities for the publicly traded dealers in this fragmented market.

How Buffett deals with Speed Traps - The Wall Street Journal, 02 October 2014
He may be an octogenarian but Warren Buffett is still trying to break the speed limit. His firm Berkshire Hathaway announced on Thursday that it is acquiring Van Tuyl Group, America's biggest privately-owned auto dealership for an undisclosed sum. Mr. Buffett says he intends to buy more dealerships over time.

Berkshire's Buffett: Coke compensation plan makes 'great sense'- CNBC - Reuters, 02 October 2014
Warren Buffett, the chairman and chief executive officer of conglomerate Berkshire Hathaway Inc, praised Coca-Cola's altered executive compensation plan on Thursday.

Buffett nabs car dealership as first step into fragmented market - Market Watch, 02 October 2014
Warren Buffett already had the planes and trains. Now he's got automobiles. Buffett's Berkshire Hathaway Inc. BRK.A, +0.17% on Thursday announced an agreement to acquire Van Tuyl Group, the fifth-largest auto dealership firm in the U.S., and Buffett said he plans to use the newly acquired company as a platform to make an even bigger move into the fragmented market for car sales.
 Warren Buffett - The Investor
Warren Buffett made 2 bold predictions last week that may surprise you - The Motley Fool, 19 October 2014
Warren Buffett has been on the media circuit over the past few weeks, appearing on CNBC as well as speaking at Fortune's "Most Powerful Women" summit. Never one to shy away from speaking his mind, the Oracle of Omaha didn't disappoint this week either.

Putting the Berkshire Hathaway Brand before Warren Buffett - The New York Times, 13 October 2014
Surrounded by three beaming cheerleaders, Warren Buffett wears a white Oxford shirt emblazoned with the logo of his conglomerate, Berkshire Hathaway. A $100 bill appears to peek out of his front pocket, but it's actually a replica embroidered onto the fabric.

Warren Buffett, marketing guru? - Yahoo Finance, 13 October 2014
The world's most famous investor apparently wants to become the world's most famous marketer, too. Warren Buffett reportedly plans to license his Berkshire Hathaway (BRK-A) company name to real estate agencies in Europe and Asia.

Warren Buffett hates gambling… unless he's the House – CNN Money, 09 October 2014
Earlier this week, investing sage Warren Buffett made headlines by predicting Hillary Clinton would win the 2016 presidential election. In fact, he added, he's willing to put some coin behind it. "Hillary's going to win," said Buffett, speaking at Fortune's Most Powerful Women Summit. "I will bet money on it. I will. I don't do that easily." But that's not quite accurate.

Buffet Indicator hits second highest level in past 60 years - Yahoo Finance Blogs, 09 October 2014
This morning my friend and master of fundamental analysis Doug Short, updated the "Buffet Indicator." You can find Doug's excellent analysis here.

Why Warren Buffett's values make Berkshire a value - Think Advisor, 08 October 2014
Conglomerates are generally thought to be 1960s-era relics noted especially for value-destroying culture clashes and a lack of managerial focus. Think AT&T and Litton Industries, whose assets were carved up and redeployed long after their glory days passed.

Warren Buffett serenaded long-time friend Carol Loomis last night - Business Insider, 07 October 2014
The "Oracle of Omaha" Warren Buffett serenaded Carol Loomis at Fortune's "Most Powerful Women Summit" on Monday evening. Buffett teamed up with singer-songwriter Paul Anka to create their own version of Frank Sinatra's classic "My Way" as a tribute to Loomis.

Warren Buffett buys an Auto Dealer, defends the Burger King deal, and says Interest Rates are like Gravity - Business Insider, 02 October 2014
Warren Buffett just finished an appearance on CNBC's Squawk Box. Buffett talked about auto dealerships, interest rates, the stock market, and LeBron James. Buffett was also asked about the Burger King-Tim Horton's merger, a "tax inversion" deal that will see Burger King move its headquarters from Miami to Canada. Buffett defended the deal and spoke a bit about the tax code, which he said need an overhaul.

 General News
Warren Buffett's bad housing advice - Fortune, 21 October 2014
Recently, at Fortune's Most Powerful Women Summit, legendary value investor and Berkshire Hathaway CEO Warren Buffett said that if you are looking to place a bet against the dollar, or that interest rates would soon rise, you should just take out a plain vanilla, 30-year fixed mortgage.

Warren Buffett teaches kids how to become successful business owners - Local 10, 20 October 2014
The countdown is on for the next winner of the Grow Your Own Business Challenge for kids. "Once a kid gets that bug, that idea, they become excited," said Norm Goldstein, CEO of Kids for Kids. The challenge is part of Warren Buffett's Secret Millionaires Club program, the purpose of which is to teach kids at an early age the basics of finances and starting your own business.

A look at Berkshire Hathaway's many components - Investopedia, 09 October 2014
Generally speaking, it's easy to summarize what each of the largest corporations in existence do. "Banking," "retail," "car manufacturing," et al. And then there's Berkshire Hathaway Inc. (BRK-A), a company so heterogeneous its activities can be hard to describe succinctly. The Omaha-based behemoth is a throwback to the traditional conglomerates of the 20th century.

Always bet on Berkshire Hathaway (and here's why) - Investopedia, 08 October 2014
The rich get richer, right? That bromide is of course only partially true, otherwise no one would ever squander a fortune. But is it true often enough that we can put it to use?

Charlie Munger and the 2014 Daily Journal Annual Meeting - Part Four - Forbes, 08 October 2014
Q: What are your thoughts about Elon Musk [CEO of Tesla, SpaceX, SolarCity] and what he's doing? Munger: I think Elon Musk is a genius and I don't use that word lightly. I think he's also one of the boldest men that ever came down the pike. Put me down as saying I've always been afraid of the guy whose IQ is 190 and he thinks it's 250.

Warren Buffett says time is right to revamp corporate tax rules - Politico Pro, 07 October 2014
Billionaire investor Warren Buffett said Monday that the White House action to limit companies shifting their tax address outside the United States provides a good "time out" to work on revamping corporate tax rules.

Buffett says 'No-Brainer' to get a Mortgage to Short Rates - Bloomberg, 07 October 2014
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. (BRK/A), said he was puzzled by the sluggish rebound in U.S. home construction amid near record-low interest rates and a broader recovery in the economy.

My Tips to Warren Buffett in his new career as a car dealer - Forbes, 07 October 2014
Has Warren Buffett not read that average visits to a dealership before buying a new car is down from five visits in the pre-digital era to about 1.3 visits in 2014? Gone are those days when people would go into dealerships and kick tires before buying cars.

Berkshire's Buffett predicts Hillary Clinton will win presidency in 2016 - Reuters, 07 October 2014
Billionaire investor Warren Buffett on Tuesday predicted Democrat Hillary Clinton would run for the U.S. presidency in 2016 and win.

Why Billionaires can't give their money away quickly enough - Yahoo Finance, 03 October 2014
It's like he can't give it away fast enough. Bill Gates has given $30 billion through his Bill & Melinda Gates Foundation since 2000. But despite all the time and money he devotes to charity, Gates keeps getting richer. His net worth ballooned by $9 billion last year, according to the Forbes' annual ranking of the richest people in the U.S., the Forbes 400.

Buffett's 'All-Equities' Pensions escape Bill Gross drama - Bloomberg, 02 October 2014
Bill Gross's departure from Pacific Investment Management Co. sent ripples through the bond market. Berkshire Hathaway Inc. (BRK/A) pensioners didn't feel it.

Buffett bought a Car Dealership; Now everyone else wants one too - The Wall Street Journal, 02 October 2014
Warren Buffett's Berkshire Hathaway Inc. on Thursday announced a deal to buy Van Tuyl Group, the fifth-largest auto dealership firm in the U.S. Now investors want to buy car dealerships too.

Charlie Munger and the 2014 Daily Journal Annual Meeting - Part Three - Forbes, 01 October 2014
Q: Would Daily Journal consider selling itself to a competitor if the offer was right, or is it going to remain an independent company? Munger: Generally speaking, we like selling to people we like and admire. Not everybody would fit that category. We're trying to run it so that any intelligent person would want to buy it. My attitude in running the Daily Journal, with its technology thing, is that Google would be out of its mind not to buy it. It's going to take years for them to figure that out, though.

Charlie Munger and the 2014 Daily Journal Annual Meeting - Part Two - Forbes, 25 September 2014
Not a transcript, just detailed notes. Wisdom is Munger's; errors are mine. Q: What's one thing that you are excited about in the next year, professionally and personally? Munger: That's spoken like a true groupie. Basically, I lead a very favoured life. I've got wonderful associates.

Charlie Munger and the 2014 Daily Journal Annual Meeting: A Fan's Notes - Forbes, 19 September 2014
As owner of one share of Daily Journal Corporation common stock, I thought I had better pop into the annual meeting since, at $180.70, it represents such a large portion of my net worth. By way of background, you should know that Charles T.