Warren Buffett

Billionaire Warren Buffett's Berkshire Hathaway Inc. on Tuesday named Stephen Burke, the chief operating officer of Comcast Corp., to its board of directors. Buffett said in a statement that Burke, 51, is "keenly interested" in the company. Burke also is president of Comcast Cable Communications, a unit of Comcast. Berkshire did not say if Burke was replacing anyone on the board. A representative could not immediately be reached for comment. Berkshire owns a small stake in Comcast — 12... Read Full Story

Billionaire Warren Buffett's company bought a nearly $60 million stake in Exxon Mobil Corp., trimmed holdings in oil rival ConocoPhillips and nearly doubled its stake in Wal-Mart Stores Inc. during the latest quarter. Omaha-based Berkshire Hathaway Inc. disclosed the changes to its $59.7 billion U.S. stock portfolio in a Securities and Exchange Commission filing Monday. During the quarter ended Sept. 30, Berkshire Hathaway bought nearly 855,000 shares of Exxon Mobil. Its stake in... Read Full Story

NEW YORK (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway Inc <BRKa.N><BRKb.N> on Monday revealed new investments in Nestle AG <NESN.VX> <NSRGY.PK> and Exxon Mobil Corp <XOM.N> and that it has nearly doubled its investment in Wal-Mart Stores Inc <WMT.N>. In a U.S. Securities and Exchange Commission filing reporting U.S.-listed equity holdings as of September 30, Berkshire said it held 3.4 million American depositary receipts of Nestle, the world's largest foodmaker, worth $144.7... Read Full Story

NEW YORK (Reuters) - Billionaire Warren Buffett said that while his businesses have bottomed after the worst financial crisis in decades, he saw few upticks and ruled out a buoyant holiday season. Consumer demand will recover and it is likely that the economy would come back in two years rather than in one, Buffett said during an interview with Charlie Rose. "Our businesses, they've bottomed ... (there are) very few upticks," said Buffett, the world's second richest man, in response to Rose... Read Full Story

Billionaire Warren Buffett likes to compare his company to a masterpiece that he's been painting for nearly five decades, and the deal he announced Tuesday will permanently alter the color of Berkshire Hathaway Inc.'s portrait. The 79-year-old investor plans to add a brilliant orange section to the painting for the brightly colored locomotives of Burlington Northern Santa Fe Corp. that Berkshire will acquire in a $34 billion cash and stock deal. It will be the biggest deal yet in a career of... Read Full Story

Billionaires Warren Buffett and Bill Gates will meet with Columbia University business students on Thursday and answer their questions about business and life. The world's two-richest men planned this forum at Columbia because Buffett earned his master's degree there in 1951. This will be the third such forum the two friends have done. In 2005, Gates and Buffett met with students at the University of Nebraska-Lincoln where Buffett earned his bachelor's degree. The pair answered questions in... Read Full Story

According to a new study of President Obama's family tree done by Ancestry.com, he and billionaire... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Read Full Story

Texas oilman T. Boone Pickens and master currency speculator George Soros have both gone green in the last several years. Now it could be Warren Buffett’s turn to crank up his participation in the cleantech sector. Already with four related investments in the space, he’s well positioned to lead private investors in a charge toward cleaner sources of energy. In just the last two years, Buffett has thrown his weight behind Chinese electric vehicle maker BYD , greener railway company... Read Full Story

The "Oracle of Omaha" has spoken again, and this time a Chinese suit maker is reaping the rewards. Shares in Dayang Trands have soared by more than 70 percent in less than a month since billionaire Warren Buffett said he and Microsoft founder Bill Gates, the world's two richest men, wore the company's suits. "I have to tell you that I now have nine suits all made in China. I threw away the rest of my suits," the 79-year-old Buffett said in a video posted on the website of Dayang Trands... Read Full Story

Editorial Reviews Review “This is the Buffett ‘bible’…It provides the definitve story of his career.” — London Daily Telegraph “This is the Buffett ‘bible’…It provides the definitve story of his career.” –London Daily Telegraph The theme of this fully revised biography about Warren Buffett is books, books, books. Many works directly related to Buffett or Berkshire Hathaway, as well as many indirectly related, are the focus. For example, a chapter about Procter & Gamble... Read Full Story