Sticks with Wells Fargo

(May 5, 2018) Warren Buffett says that although Wells Fargo committed a “cardinal sin,” it’s still a good investment.

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Speculation on Bitcoin

(May 5, 2018) Just before appearing before thousands of shareholders at the 2018 Berkshire annual meeting on May 5, CNBC’s Becky Quick tweeted that Warren Buffett told her bitcoin is “probably rat poison squared,” one-upping his partner Charlie Munger who had called it simply “rat poison.” Warren Buffett and Charlie Munger didn’t use those words... Continue Reading →

Conceding Defeat on IBM, but High Hopes for Apple

(May 7, 2018) By early 2018, Warren Buffett has substantially increased Berkshire’s holdings in Apple—and sold off most of its IBM stock. On CNBC’s “Squawk Box,” he admits he “was wrong” when he bought IBM—but he’s more confident in Apple and the psychological hold the company has over its consumers.

On Trade Tensions

Warren Buffett stated the fact that the cost of steel increased in the past few weeks, but Warren Buffett does not think that the trade tensions between the United States and China will dig each other into something that precipitates and continue any kind of real trade war in this country.

Optimistic on America Future

Warren Buffett takes shareholders back to his first stock trade in 1942—a transaction he now regrets. He shares the story to illustrate his belief that no matter what’s happening in the country or in the economy, investors should remain confident in the American system and hold stocks for the long-term.

Trade War with China

Warren Buffett and Charlie Munger remain optimistic that both nations will be smart enough to realize that the last thing both nations should do is have any ill will for the other.

Separate Science from Speculation

(May 5, 2018) When Charlie Munger and Bill Gates join the May 5 “Squawk Box” conversation, bitcoin comes up again. While admitting it’s “clever computer science,” Munger argues cryptocurrencies are “worthless artificial gold” that facilitates “illicit activity.” Gates acknowledges the underlying blockchain technology is a “good thing,” but thinks the price gains are being driven... Continue Reading →

Mob Borrowing of Bitcoin

(May 5, 2018) A few minutes later in the same “Squawk Box” interview, Buffett explained why he thinks some proponents get angry when cryptocurrencies are criticized.

2018 Berkshire Hathaway Annual Meeting

(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 →

Heading to a Bad Ending

(January 10, 2018) Late in 2017, bitcoin topped out a spectacular year-long rally by hitting almost $18,000 on December 15. It then fell sharply from that high. On “Squawk Box” a few weeks later, Buffett was still staying far away from cryptocurrencies.

Pilot Flying J Acquisition

(October 3, 2017) On the morning Berkshire Hathaway’s deal to buy Pilot Flying J is announced, Warren Buffett and Jimmy Haslam, the truck stop operator’s CEO, appear live on CNBC’s “Squawk Box” to explain how the companies got together. Buffett also covers the high-flying stock market and his reaction to the Wells Fargo scandal.

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