Page 2 - Warren Buffett

Warren Buffett sees no chance of 'eye-popping' results with record cash

The firm's cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals at attractive valuations

Indian banks' rush for clients set for reckoning after Paytm fiasco

India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank

Charlie Munger, Warren Buffet's sidekick at Berkshire Hathaway, dies at 99

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died. He was 99. Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital. Munger served as Buffett's sounding board on investments and business decisions and helped lead Berkshire as its vice chairman for decades. Munger preferred to stay in the background and let Buffett be the face of Berkshire, and he often downplayed his contributions to the company's remarkable success. But Buffett always credited Munger with pushing him beyond his early value investing strategies to buy great businesses. "Charlie has taught me a lot about valuing businesses and about human nature," Buffett said in 2008. Buffett's early successes were based on what he learned from former Columbia University professor Ben Graham. He would buy stock in companies that were selling cheaply for less than their assets were worth, and then, when the market p

Master of one-liners: Here are some of Munger's lessons on politics, crypto

Munger was also "a generous philanthropist who provided unfiltered advice and refreshing opinions which positively impacted businesses worldwide," Sloan said

Berkshire Hathaway exits Paytm; sells 2.46% stake for Rs 1,371 cr

Billionaire Warren Buffet-backed Berkshire Hathaway Inc on Friday divested its entire 2.46 per cent stake in Paytm's parent company One97 Communications for Rs 1,371 crore through an open market transaction. Berkshire Hathaway Inc through its affiliate BH International Holdings sold more than 1.56 crore shares of fintech company Paytm on the National Stock Exchange (NSE). According to the bulk deal data available with the NSE, BH International Holdings offloaded 1,56,23,529 shares, amounting to a 2.46 per cent stake in Noida-headquartered Paytm. The shares were disposed of at an average price of Rs 877.29 apiece, taking the transaction value to Rs 1,370.63 crore. Meanwhile, Copthall Mauritius Investment picked up 75,75,529 shares and Ghisallo Master Fund LP acquired 42.75 lakh shares, amounting to a 1.19 per cent and 0.67 per cent stake in Paytm, respectively. The shares were purchased at an average price of Rs 877.20 per piece, taking the aggregate deal value to Rs 1,039.52 ...

Warren Buffet donates Berkshire Hathaway shares to children's foundations

At Thanksgiving I have much to be thankful for, Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately USD 876 million and are in addition to the regular donations he makes each summer to those foundations and the Bill and Melinda Gates Foundation. This is the second year that Buffett has made additional gifts to the family foundations around Thanksgiving. "My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth. The testamentary trust w

Warren Buffett's Berkshire trims its HP stake, exits bet on General Motors

The conglomerate's retreat from Activision completes Buffett's arbitrage play amid the video-game maker's prolonged effort to merge with Microsoft Corp.

Buffett owned Berkshire Hathaway's cash at record $157 bn after deal slump

The hoard - which Berkshire has largely parked in short-term Treasuries - surpassed the previous high set two years ago, the Omaha, Nebraska-based firm said on Saturday

Warren Buffett's company dumps another 5 million shares of printer maker HP

Investors soon won't be able to follow Warren Buffett's every move in HP's stock if the billionaire's company keeps selling off shares of the printer and computer maker. Berkshire Hathaway's ownership of HP Inc. is about to drop below 10 per cent after it sold nearly 5 million shares, according to a regulatory filing by Buffett's company late Monday. The Securities and Exchange Commission requires investors who own less than 10 per cent of a company to report their company holdings only on a quarterly basis rather than big investors who must disclose their actions closer to the time of a so-called triggering event, which can mean buying or selling shares. Many investors do watch Buffett's moves closely because of his extremely successful track record over the years. Not that long ago, Berkshire owned more than 12 per cent of HP's stock before it started to trim its stake last month. Now it's down to 10.2 per cent after several stock sales of the Palo Alto, California, company. In

Buffett gives $27 mn in Berkshire Hathaway stock to an unnamed charity

Investor Warren Buffett has donated Berkshire Hathaway stock worth USD 27 million to an unnamed charity. Buffett disclosed the gift of 50 Class A shares of Berkshire stock in a filing with the Securities and Exchange Commission late Wednesday. This donation is in addition to Buffett's annual gifts to the Bill & Melinda Gates Foundation and four smaller foundations run by his family that he has been making since 2006. Buffett has said that more than 99% of his nearly USD 118 billion fortune will eventually go to charity, and he has gradually been giving it away over time. He has given those five foundations stock worth roughly USD 50 billion over the years. Buffett didn't identify the charity that received his latest donation this week. Even after this latest donation, Buffett still holds 218,237 Class A shares of Berkshire stock, which are the most expensive shares on the market. Thursday morning, the shares were up USD 2.183 to sell for USD 539,680 apiece. Berkshire does have a .

Profits at Warren Buffett's Berkshire Hathaway reach $36 bn as stocks surge

Profits rebounded at Warren Buffett's conglomerate along with the value of its USD 353 billion stock portfolio in the second quarter to hit USD 35.9 billion, and Berkshire Hathaway's assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire Hathaway said on Saturday that its profits surged to hit USD 24,755 per Class A share. A year ago, the Omaha, Nebraska-based company recorded a loss of USD 43.6 billion, or USD 29,633 per Class A share, when the value of its biggest investments fell. But Buffett has long said that those bottom-line figures can be misleading because of the big swings in the paper value of its investments from quarter to quarter when few of Berkshire's investments are actually bought or sold. Instead, Buffett recommends that investors focus on operating earnings to see how the more than 90 companies Berkshire owns are actually performing. By that measure, Berkshire's operating earnings grew 6.6 p

Buffett's Berkshire Hathaway takes control of LNG plant with $3.3 bn deal

Berkshire Hathaway Inc. first took a stake in the one-train export plant with an annual export capacity of 5.25 million tons in 2020.

Warren Buffett donates Berkshire Hathaway's 4.64 bn stock, totals $51 bn

Buffett is donating 10.45 million shares to the Bill & Melinda Gates Foundation, which has received more than $39 billion of Berkshire stock overall

Warren Buffett's Berkshire reworks banking bets amid turmoil, exits TSMC

The conglomerate was a net seller of equities in the quarter, pocketing $10.4 billion from stock sales after deducting purchases

Warren Buffett buys another $127 mn worth of Occidental Petroleum stock

Investor Warren Buffett's company bought another $127 million worth of Occidental Petroleum stock over the past week to give Berkshire Hathaway 213.9 million shares of the oil producer. Berkshire's latest filing with the Securities and Exchange Commission late Monday showed that it had bought another 2.2 million Occidental shares. Buffett's Omaha, Nebraska-based conglomerate controls 23.8% of Occidental's stock and holds warrants to buy another 83.9 million shares for $59.62 apiece, but the billionaire recently told shareholders that he has no plans to buy the entire company. Many people like to copy Buffett's moves because of his remarkable track record. Buffett doesn't routinely comment on Berkshire's stock purchases. Buffett has been regularly buying Houston-based Occidental shares since early last year whenever the stock drops below $60. Berkshire's latest purchases were made at prices between $56.34 and $58.52. Occidental's shares were down slightly Tuesday morning at $58.23.

Dumping other banks, Warren Buffett recommits to Bank of America stocks

Investor Warren Buffett recommitted to his favourite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway's stock portfolio. Berkshire provided a quarterly update on its US holdings on Monday in a filing with the Securities and Exchange Commission. Many investors follow the company's moves closely because of Buffett's remarkably successful investing record over the decades. Berkshire slightly increased its 179.4 million share stake in Bank of America stock while eliminating long-time stakes in US Bancorp and the Bank of New York Mellon. Buffett has eliminated a number of bank investments in recent years, but he continues to back Bank of America. Berkshire also picked up nearly 10 million shares of Capital One stock. The quarterly filings don't identify which investments Buffett made and which ones were done by one of Berkshire's two other investment managers, but Buffett generally handles all of ...

Warren Buffett says executives must be accountable for failed banks

Buffett also called out regulation overseeing the banking sector as riddled with skewed incentives, as well as poor messaging by regulators, politicians and the press to the American public

Top headlines: Warren Buffet faults US govt, Vedanta repays $800 mn & more

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Very poor messaging: Buffett criticises US govt handling of banking crisis

Warren Buffet expresses his displeasure at the "very poor messaging" by the US government with regard to the ongoing regional banking crisis

Q1 profits jump to $35.5 bn at Buffett's Berkshire ahead of annual meeting

Warren Buffett's company said its first-quarter profits soared along with the paper value of its investment portfolio giving the thousands of shareholders who will fill an arena Saturday to listen to the billionaire and several other top executives at the conglomerate answer questions for hours some good news to start the day. It's a once in a lifetime opportunity, said Chloe Lin, who travelled from Singapore to attend the meeting for the first time and learn from Buffett and his longtime investing partner Charlie Munger. Berkshire's shareholders meeting always attracts throngs of people who admire the two investors and want to hear whatever wisdom they have to offer about recent events and life lessons. And with both men in their 90s this year, some in the crowd feel the urgency to attend now while both men are still here. Charlie Munger is 99. I just wanted to see him in person. It's on my bucket list, Wu said. I have to attend while I can. Berkshire Hathaway said Saturday morni