(May 5, 2018) Buffett is “delighted” Apple is buying back $100B of its shares as Berkshire dramatically increases its stake in the iPhone maker. He also reveals why Berkshire won’t be buying Microsoft stock, predicts cryptocurrencies will come to “bad endings,” describes the goals for his new partnership with Amazon and JPMorgan on health care... Continue Reading →
(May 6, 2017) A series of scandals at Wells Fargo has Buffett defending Berkshire’s big stake in the bank. He also makes the case for his Coca-Cola habit, explains why he changed his mind on the airline stocks he once called a “death trap,” criticizes “financial helpers,” and reveals the stock he was “too dumb”... Continue Reading →
(April 30, 2016) After buying Precision Castparts for $37 billion, Buffett analyzes why the high-tech equipment maker will be better off as part of Berkshire. He also predicts how Berkshire would be affected by Donald Trump in the White House, dismisses “due diligence,” details why Berkshire won’t be taken over by activist investors, and claims... Continue Reading →
A newspaper exposé has Buffett defending Berkshire subsidiary Clayton Homes from accusations it steers buyers into loans they can’t pay back. He also backs large job cuts at newly-acquired Kraft Heinz, explains why he doesn’t “talk up” Berkshire’s investments, reveals his most memorable failure, and advises aspirational businesspeople to stay away from business school. Prior... Continue Reading →
Buffett explains why he, as a member of Coca-Cola’s board, abstained on a vote approving an executive compensation plan he thought was “excessive.” He also argues that CEO’s salaries should be kept secret, criticizes some activist investors for their short-term goals, and rejects the view that corporate taxes are too high. Prior to the 2014... Continue Reading →
Warren Buffett recounts how Berkshire partnered with 3G Capital’s Jorge Paulo Lemann to make their $23B acquisition of Heinz. He is also challenged about why GEICO is not copying Progressive’s use of technology that tracks driver behavior, defends buying newspapers after previously saying the industry was dying, and gives credit to President George W. Bush... Continue Reading →
Two weeks after announcing he’d begin treatment for stage I prostate cancer, Buffett assures shareholders the diagnosis is a “minor event.” He also explains why he won’t invest in Apple or Google, denounces the effect of “huge” money on politics, calls health care costs a “tapeworm” afflicting the economy, and defends the “Buffett Rule” and... Continue Reading →
Warren Buffett answers pointed questions about ousted Berkshire executive David Sokol’s suspicious involvement in the acquisition of Lubrizol and explains why he still finds Sokol’s actions “inexplicable.” Buffett also calls for CEOs to be left “dead broke” after a bailout. Warren Buffett previewed the 2011 Berkshire Hathaway Annual Meeting with CNBC. He expected to discuss the David... Continue Reading →
Buffett explains why he doesn’t agree with the SEC’s fraud charges against Goldman Sachs. He also sees signs of recovery for a “sputtering” economy and sharply criticizes Kraft’s purchase of Cadbury. Munger makes the case that McDonald’s has “succeeded better as an educator” than the nation’s universities. Warren Buffett accepted an interview on Fox business news... Continue Reading →
As the country continued to stagger just months after the credit crisis exploded, Buffett endorses the government’s response to “a situation that was as close to a total meltdown throughout the financial system as I think you can imagine.” He details how GEICO benefited from the crisis, and predicts a full housing recovery will take... Continue Reading →
Warren Buffett sounds the alarm about “too big to fail” financial firms that have taken on too much risk to manage, and Munger call the housing bubble a “particularly foolish mess.” They also urge investors to quickly take advantage of market dislocations because they don’t last long, and Buffett worries about what he calls the... Continue Reading →
Buffett expects “suffering” in the subprime mortgage market, but doesn’t see it as a “huge anchor” for the economy. Munger partially blames “evil and stupid” accountants. He and Buffett also debunk the commonly-held belief that volatility is a measurement of risk, and Buffett explains why he is “outsourcing” his philanthropy.
Warren Buffett and Charlie Munger explain why they are very enthusiastic about Berkshire’s purchase of Israeli toolmaker ISCAR. They also discuss rising real estate prices, warn against speculative commodity bubbles, and tell investors not to let the markets “instruct” them.
Buffett warns of “pretty serious consequences” as house prices soar. He also reminds investors they don’t get the benefit of a “degree of difficulty” adjustment, recalls how he first became interested in investing when he was a child, and explains why a good public school system is a lot like virginity, as Munger attacks “stupid... Continue Reading →
Buffett strongly defends himself from an accusation by CalPERS that it’s a conflict of interest for him to be on Coca-Cola’s board. He also reveals why many CEOs are paid too much, admits to a mistake that cost the company $10 billion, explains why temperament is more important for investing than intelligence, and discusses his... Continue Reading →
Buffett issues what he calls a “wakeup call” that the ballooning and thoughtless use of risky derivatives could contribute to a future financial crisis. He also compares Berkshire’s success to a snowball, specifies the one key trait he looks for in managers, tells why he doesn’t take a “performance fee,” and defines “success” and “happiness.”... Continue Reading →
Eight months after September 11, 2001, Buffett explains how Berkshire and other insurers have begun to protect themselves financially from catastrophic terrorist attacks that could destroy the industry. He also has advice on how to pick friends and business partners, reveals how to stay in your “circle of competence,” and answers a very young shareholder... Continue Reading →
With the internet bubble deflated, Buffett discusses why he is less worried about the threat of the internet to his retailers, but still sees it as a big opportunity for other businesses in the Berkshire family. He and Munger also explain why betting a stock will go down in price is “tempting” but “painful,” warn... Continue Reading →
Comparing the mania over internet stocks to a Ponzi scheme, Buffett says that while some early investors made money, eventually a stock will only be worth the profits it can generate over time. He also defends a big exit package for Coca-Cola’s CEO, explains how corporate governance reform may be inflating paychecks, and tells shareholders... Continue Reading →
At the height of the internet bubble, Warren Buffett and Charlie Munger defend their decision not to buy “hot” tech stocks. They also criticize “corrupt” stock option accounting, dismiss the efficient market theory as “silly,” and offer advice to new investors.
Warren Buffett and Charlie Munger criticize American corporations for giving extraordinary compensation packages to average CEOs. They also reveal the secret to success in business, remind investors there’s no “degree of difficulty” bonus, and dismiss “due diligence” in deals as a waste of money.
Buffett and Munger reveal that they’re looking for when they evaluate possible acquisitions, how they can make decisions in minutes, and why they work hard to avoid “jerks.” They also tell investors not to fear volatility, criticize a big chunk of money managers, and admit they made a mistake when they didn’t buy into a... Continue Reading →
Buffett explains how Berkshire Hathaway felt it needed to protect investors by issuing new Class B shares designed to be 1/30th the price of the existing shares, which was then around $32,000 a share. He also reveals why the prospect of change at a company “scares the hell out of us,” explains insurance “float” and... Continue Reading →
Buffett explains why he’s confident in Berkshire Hathaway’s structure and corporate culture. He also outlines the thinking behind his Helzberg’s Diamond acquisition, reveals the secret to avoiding lawsuits, and tells business schools what they should be teaching.
Buffett warns that excessive risks in the reinsurance business may not become evident until big problems arise years later, and calls derivatives a dangerous combination of “ignorance and borrowed money.” He and Munger also tell investors why they don’t need to do extraordinary things to get extraordinary results.