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 →
(May 4, 2013) Warren Buffett explains why he’s confident Berkshire’s strong culture will remain firmly entrenched after he’s gone.
(May 4, 2013) Warren Buffett explains how he and Charlie Munger have avoided arguing during the 55 years they’ve worked together.
(May 4, 2013) Warren Buffett and Charlie Munger explain how Berkshire differs from other companies, especially in the way managers of subsidiaries are left alone.
(December 26, 2012) The famed investor and chairman of Berkshire Hathaway Warren Buffett gives a tour of his office. What we found might surprise you.
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 →
(March 19, 2012) Warren Buffett praises Ajit Jain is a genius with a sense of humor in the national television in India.
(December 11, 2011) America’s third richest man, Warren Buffett, announced on 60 Minutes tonight that his son Howard would succeed him as chairman of Berkshire Hathaway. Howard will serve as guardian of the company’s values but having nothing to do with the firm’s investment decisions.
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 →
(April 30, 2011) Warren Buffett says his “best deal” was hiring Ajit Jain to run Berkshire Hathaway’s reinsurance operations.
(April 30, 2011) Warren Buffett wants his son Howard to serve as independent chairman of Berkshire Hathaway after his death. He explains why this is especially important in light of Berkshire executive David Sokol’s improper actions and subsequent resignation.
(May 1, 2010) Warren Buffett describes Berkshire Hathaway’s stance on ethics and what the company does to guard against “bad behavior.”
(May 1, 2010) Warren Buffett explains why Berkshire doesn’t have a standard procedure for determining how much the CEOs of its subsidiaries are paid.
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 →
(January 20, 2010) On the morning of a special meeting of shareholders called to approve a 50-for-1 split of Berkshire Class B shares, Warren Buffett explains how the BNSF acquisition prompted him to make an exception to his long-standing aversion to stock splits. He also strongly criticizes Kraft’s planned purchase of Cadbury.
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 →
(May 2, 2009) Warren Buffett explains why he thinks bringing his successor to Berkshire Hathaway headquarters would be “a waste of talent.”
(May 2, 2009) Warren Buffett says he wants people who own Berkshire stock to have the same philosophical framework he does when it comes to investing.
(May 2, 2009) Berkshire Hathaway is known for holding stocks for the long-term--but there are exceptions to that rule. Warren Buffett outlines the few situations in which Berkshire would sell.
(May 3, 2008) Actress Susan Lucci makes an appearance at the Berkshire meeting, joking that she has swapped jobs with Warren Buffett. Buffett returns, however, when Lucci starts describing the changes she’s planning for the company.
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 →
(May 3, 2008) Warren Buffett explains how consistency helped him and Charlie Munger gradually build Berkshire Hathaway into what it is today.
(May 5, 2007) Warren Buffett and Charlie Munger describe what they are looking for in Berkshire managers and why the right people are hard to come by.
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.
(May 6, 2006) Warren Buffett of Berkshire Hathaway explains why his successor, who will come from within Berkshire, won’t need any formal training.
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.
(April 30, 2005) Warren Buffett talks about how he evaluates managers and explains why they must have a passion for their business that “extends beyond their paycheck.”
(April 30, 2005) Warren Buffett explains why Berkshire has been successful at managing a diverse portfolio of companies and why his successor won’t have a hard time taking on this responsibility.
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 →