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Monday, December 11, 2023
Warren Buffett celebrates Thanksgiving with a nearly $900 million gift – and details what will happen to his fortune after his death

Warren Buffett celebrates Thanksgiving with a nearly $900 million gift –...

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Warren Buffett has made giving away Berkshire Hathaway stock a Thanksgiving tradition. He just donated $866 million worth of shares to his family's foundations, echoing last year's gift. Buffett discussed wealth and philanthropy, and revealed fresh details about his estate planning. Loading Something is loading. Thanks for signing up! Access your favorite topics in a…
Warren Buffett’s company has built a record $157 billion cash pile so he can capitalize when the economy tanks, veteran professor Steve Hanke says

Warren Buffett’s company has built a record $157 billion cash pile...

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Warren Buffett's Berkshire Hathaway has built a record $157 billion pile of cash and Treasuries. Buffett is gearing up to snag bargains and strike deals once the economy weakens, Steve Hanke says. The investor famously capitalizes on crises, and he benefits from higher rates, Hanke says. Loading Something is loading. Thanks for signing up! Access…
Warren Buffett’s Berkshire Hathaway reveals it sold a bunch of long-held stocks – and made at least one secret bet

Warren Buffett’s Berkshire Hathaway reveals it sold a bunch of long-held...

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Warren Buffett's company sold a bunch of stocks and made at least one confidential bet last quarter. Berkshire Hathaway exited long-held stakes in GM, J&J, P&G, UPS and Mondelez. Berkshire didn't disclose one or more of its purchases as it was still building its positions. Loading Something is loading. Thanks for signing up! Access your…
Warren Buffett’s company slashed its stake in BYD. Here’s why that’s surprising – and 5 possible explanations.

Warren Buffett’s company slashed its stake in BYD. Here’s why that’s...

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Warren Buffett's Berkshire Hathaway has sold more than 60% of its BYD shares since last summer. Buffett may have been taking profits, pruning his portfolio, or cutting his geopolitical exposure. Here's why the stock sales are surprising, and what the thinking might be behind them. Loading Something is loading. Thanks for signing up! Access your…
Warren Buffett’s company is so massive it’s like a mini US economy – and its latest earnings may stoke recession fears

Warren Buffett’s company is so massive it’s like a mini US...

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Warren Buffett's Berkshire Hathaway is seen as a microcosm of the US economy given its huge size. The famed investor's company reported lower revenues and profits in several divisions last quarter. Here's a roundup of the weak spots, which could foreshadow an economic slump or recession. Loading Something is loading. Thanks for signing up! Access…
Legendary investor Charlie Munger blasted gamblers, touted Heinz and Hermès, and revealed Warren Buffett’s views in a rare interview this week. Here are his 22 best quotes.

Legendary investor Charlie Munger blasted gamblers, touted Heinz and Hermès, and...

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Charlie Munger slammed speculators and warned truly great investing opportunities are rare. Warren Buffett's right-hand man discussed Heinz, Hermès, quant funds, and his 100th birthday party. Here are Munger's 22 best quotes from his first long-form podcast interview, released this week. Loading Something is loading. Thanks for signing up! Access your favorite topics in a…
Warren Buffett’s Berkshire Hathaway reveals record $157 billion cash pile as the investor hunts in vain for bargains

Warren Buffett’s Berkshire Hathaway reveals record $157 billion cash pile as...

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Warren Buffett came up short in his search for cheap stocks and businesses last quarter. His company Berkshire Hathaway sold over $5 billion of stocks on a net basis, its earnings show. Berkshire's cash pile grew to a record $157 billion, surpassing Disney's market capitalization. Loading Something is loading. Thanks for signing up! Access your…
Wall Street loves to hire from this college class. Its focus on teaching Warren Buffett-style valuation may explain why.

Wall Street loves to hire from this college class. Its focus...

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Wall Street's biggest players have a history of hiring from a particular college class. Steve Hanke of Johns Hopkins teaches his students a Buffett-style approach to valuing companies. They dig into financial reports, assess executive pay, build cash-flow models, and run simulations. Loading Something is loading. Thanks for signing up! Access your favorite topics in…
Expand the ‘Magnificent 7’ to include Warren Buffett’s Berkshire Hathaway, investment chief says

Expand the ‘Magnificent 7’ to include Warren Buffett’s Berkshire Hathaway, investment...

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Warren Buffett's Berkshire Hathaway should be part of a "Magnificent Eight," Jim Worden says. Berkshire deserves a spot given its diversified business, cash pile, and investing nous, he says. The investment chief doesn't expect a recession but sees several challenges for the US economy. Loading Something is loading. Thanks for signing up! Access your favorite…
Warren Buffett dumped a bunch of bank stocks before their epic tumble this year, escaping some major pain

Warren Buffett dumped a bunch of bank stocks before their epic...

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Warren Buffett dodged some of the painful downturn in banking stocks this year. Berkshire Hathaway has exited Wells Fargo, Goldman Sachs, and other lenders since early 2020. Buffett said he soured on some banks after they misled investors and made basic mistakes. Loading Something is loading. Thanks for signing up! Access your favorite topics in…

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