Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway’s Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The Omaha-based … Read more
A shareholder once asked Warren Buffett, Charlie Munger if Social Security is a ‘government-sponsored Ponzi scheme for retirees’ — their answer was received with laughter and applause Social Security has long been a subject of intense discussion in America, but investing legend Warren Buffett’s position on the issue is unmistakably clear. During Buffett’s company, Berkshire … Read more
Legendary investor Warren Buffett is known for his modest lifestyle and frugal habits, despite his immense wealth. In 2007, he revealed in an interview something unique he always keeps in his wallet: a McDonald’s gold card that entitles him to free meals in his hometown of Omaha, Nebraska, for the rest of his life. The … Read more
Over the years, Berkshire Hathaway CEO Warren Buffett has made no bones about his difficulty understanding some of the world’s latest technological innovations. The legendary investor had for years avoided technology stocks, saying he prefers “simple businesses,” stating categorically, “If there’s lots of technology, we won’t understand it.” Despite those assertions, over the past few … Read more
JOHANNES EISELE | AFP | Getty Images Charlie Munger didn’t manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained hopeful that Berkshire Hathaway, with nearly $160 billion cash, will find its elephant one day. “We have $160 billion in cash, plus a great credit rating we deserve. … Read more
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller The late investment icon Charlie Munger said Berkshire Hathaway, the conglomerate he and Warren Buffett built over the last five decades, could have doubled its value if they applied leverage, or borrowed money, when buying businesses and common stocks. … Read more
Warren Buffett.REUTERS/Rick Wilking Warren Buffett once joked he would have faced a fast-food Thanksgiving without the 2008 bailouts. “If the government hadn’t acted, I would be eating Thanksgiving dinner at McDonald’s,” he quipped. Buffett often eats McDonald’s for breakfast, and owns one of the restaurant chain’s gold cards. Warren Buffett would have celebrated Thanksgiving with … Read more
Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded stocks in his personal account before the conglomerate made moves in the same securities. Munger, 99, told CNBC’s Becky Quick in an interview that the idea that Buffett was front-running Berkshire’s own trades doesn’t make … Read more
‘Shame on you’: GOP candidate Chris Christie calls out Warren Buffett, says ‘rich people should not be collecting Social Security’ — was he right to dunk on the Oracle of Omaha? Famed investor Warren Buffett had a surprise (and likely undesired) shout-out at the third GOP presidential primary debate in Miami this week. When sharing … Read more
Gone, but not forgotten. The late Jimmy Buffett was honored with a star-studded tribute at the 2023 CMA Awards on Wednesday. Country music icons Kenny Chesney, Alan Jackson, the Zac Brown Band and Mac McAnally — a member of Buffett’s Coral Reefer Band — joined forces for a moving performance on stage at the Bridgestone Arena in Nashville, … Read more