Posts filtered by tags: Berkshire Hathaway[x]


 

Warren Buffett blasted Bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto.

Warren Buffett Getty Images / Spencer Platt Warren Buffett has repeatedly criticized Bitcoin and other cryptocurrencies as risky and worthless."I can say almost with certainty that they will come to a bad ending," the billionaire investor and Berkshire Hathaway CEO said.Bitcoin has skyrocketed as much as 350% in the past year to record highs.Here are Buffett's 16 best quotes about crypto.Visit Business Insider's homepage for more stories.Warren Buffett has been a vocal critic of Bitcoin ...
Tags: Trends, Bitcoin, Crypto, Berkshire Hathaway, Warren Buffett, Berkshire, Cnbc, Fox Business, Buffett, Jeff Gundlach, Berkshire Hathaway CEO, Theron Mohamed


Billionaire investor Chamath Palihapitiya is the next Warren Buffett, Ritholtz chief Josh Brown says

Getty Images Chamath Palihapitiya could be the next Warren Buffett, according to investor Josh Brown."He has that aura about him," the Ritholtz Wealth Management chief said on "The Compound."Like the Berkshire Hathaway boss, Palihapitiya excels at sourcing funds and has a strong track record.Visit Business Insider's homepage for more stories.Billionaire investor Chamath Palihapitiya might just be the next Warren Buffett, investor Josh Brown said on "The Compound" YouTube channel this we...
Tags: Facebook, Trends, Berkshire Hathaway, Warren Buffett, Morgan Stanley, Coca Cola, Fortune, Berkshire, SoFi, Chamath Palihapitiya, Gillette, Buffett, Brown, Capitol, McDonald, GEICO


Warren Buffett's Berkshire Hathaway scores $1.5 billion gain on GM stock in under 4 months

Warren Buffett Getty Images / Michael Buckner Warren Buffett's Berkshire Hathaway has likely scored a 65% gain on its General Motors bet in under four months.The billionaire investor's conglomerate backed the automaker in 2012 and grew its stake to 80 million shares worth $2.4 billion at the end of September.GM stock has soared by about two-thirds to a record high since then, increasing the value of Berkshire's stake to about $3.9 billion.The auto giant's shares have rallied strongly due to...
Tags: Trends, General Motors, Tesla, Mary Barra, Gm, Berkshire Hathaway, Warren Buffett, Goldman, Berkshire, Buffett, Theron Mohamed, Warren Buffett Getty, Michael Buckner Warren Buffett


US stocks close mixed as traders await further economic stimulus

A sanitizing station is seen on the trading floor of the New York Stock Exchange. REUTERS/Brendan McDermid US stocks were mixed on Wednesday as investors await further stimulus support from the government. Affirm spiked as much as 110% on Wednesday after the loan provider's public-market debut.The company's shares started trading publicly at around 12:20 p.m. ET and quickly surged above its offering price of $49. Bitcoin climbed higher after plummeting from record highs earlier this week. T...
Tags: Apple, US, Trends, Markets, Bank Of America, House Of Representatives, Gm, Berkshire Hathaway, Warren Buffett, Federal Reserve, Jack Dorsey, Donald Trump, Nasdaq, Gold Price, S&P 500, Gamestop


PowerSite Pro Profile: A Stamford, CT Single Property Website

We are excited to present this PowerSite Pro single property Website: 1117westoverroad.com Marketed by Berkshire Hathaway REALTOR® Thomas Vozzella, the property is a five-bedroom home in Stamford, Connecticut. Using our new PowerSite Pro platform Thomas has added: lots of high definition photos a detailed description a bio including contact information. Thomas has spent 18 years in real estate sales, marketing and office management experience, and always places the customer...
Tags: Real Estate, Marketing, Radio, New York Times, Berkshire Hathaway, Thomas, Stamford, Fairfield County, Stamford Connecticut, AgencyLogic, Single Property Website, YouTube Vimeo, Facebook Twitter YouTube LinkedIn, Embedded Google, Thomas Vozzella, Berkshire Hathaway Real Estate


Warren Buffett's Berkshire Hathaway scores $1.6 billion gain on GM stock in under 4 months

Warren Buffett Kevin Lamarque/Reuters Warren Buffett's Berkshire Hathaway has likely scored a 70% gain on its General Motors bet in under four months.The billionaire investor's conglomerate backed the automaker in 2012 and grew its stake to 80 million shares worth $2.4 billion at the end of September.GM stock has soared by about 70% to a record high since then, increasing the value of Berkshire's stake to about $4 billion.The auto giant's shares have rallied strongly due to excitement about...
Tags: Trends, General Motors, Tesla, Mary Barra, Gm, Berkshire Hathaway, Warren Buffett, Goldman, Berkshire, Buffett, Theron Mohamed


Warren Buffett's former deputy is launching a support program for mid-sized businesses

Paul Morigi/Getty Images Warren Buffett's protégée is launching a support program for medium-sized companies.Tracy Britt Cool left Buffett's Berkshire Hathaway last year to cofound Kanbrick, and the investment firm now plans to help a handful of executives boost their companies' long-term growth."Many businesses are facing challenges in the wake of this unprecedented year, and the 'Build with Kanbrick' program allows us to partner and build relationships with founders, owners, and CEOs,...
Tags: Trends, Berkshire Hathaway, Warren Buffett, Goldman Sachs, North America, Berkshire, Build, Buffett, Tracy Britt Cool, Brian Humphrey, Theron Mohamed, Kanbrick, Paul Morigi Getty Images Warren Buffett, Britt Cool, Bell Warren Buffett, Berkshire Hathaway Pampered Chef


Warren Buffett's favorite market indicator hits 13-year high, signaling global stocks are most overvalued since the financial crisis

AP Photo/Nati Harnik Warren Buffett's preferred market gauge has jumped to its highest level since October 2007, suggesting worldwide stocks are the most overvalued since the financial crisis."Buffett indicator sounds the alarm," Welt market analyst Holger Zschaepitz tweeted. "Global stock mkt cap has now topped 120% of global GDP, and thus the same level as before the crash in 2008."Buffett described the indicator in 2001 as "probably the best single measure of where valuations stand a...
Tags: Global, Trends, Bloomberg, Ap, Berkshire Hathaway, Warren Buffett, Buffett, Welt, Theron Mohamed, Nati Harnik Warren Buffett, Holger Zschaepitz


Bermuda has partnered with Costco for $140 pre-travel COVID-19 tests - see how it works

Bermuda. Cavan Images/Getty Images Bermuda has teamed up with Costco to distribute COVID-19 tests for people looking to travel to the island. Soon-to-be Bermuda travelers need to have a negative PCR coronavirus test within five days of arriving on the island. Costco and Azova Health's $140 self-administered saliva tests have a five-day test result turnaround time. Visit Business Insider's homepage for more stories. Bermuda has teamed up with Costco to distribute COVID-19 tests to people in...
Tags: New York City, US, Trends, Hawaii, World Health Organization, Berkshire Hathaway, Warren Buffett, Costco, Centers For Disease Control And Prevention, Bermuda, US Food and Drug Administration, John Longo, Brittany Chang, Bermuda Cavan Images Getty Images Bermuda, Azova Health, Azova


Venrock’s Bryan Roberts on the firm’s new $450 million fund, and where it’s shopping in 2021

Venrock, the 51-year-old firm that started as the venture arm of the Rockefeller family, has closed its ninth fund with $450 million, the same amount it raised for its last two funds. The outfit, with offices in Palo Alto, New York, and Cambridge, clearly feels comfortable with the fund size, but it says change is otherwise a constant, given that trends and tech shift so fast that so-called pattern recognition can prove a liability if an investment team isn’t careful. To learn more about what th...
Tags: Amazon, Washington, Senate, Tech, House, Cambridge, Berkshire Hathaway, Venrock, Rockefeller, Camille, Federation, CNS, Bryan Roberts, Michael Fischbach, Amazon JPMorgan Chase, Racquel Bracken


Amazon shuts down Prime Pantry, its first foray into online food delivery, in a move towards simpler shopping

Prime Pantry was launched in 2014. Amazon Prime Pantry closed on Wednesday, but customers can still order food and household items through Amazon's main page. The program was launched in 2014 and was initially offered to members of the Prime free shipping program. But in 2018, Amazon added a $5 monthly subscription fee. Since launching the program in 2014 Amazon has expanded into the household goods market, with programs like Amazon Fresh for groceries and with the company's acquisition of...
Tags: Amazon, News, Shopping, Groceries, California, Trends, Online Shopping, Retail, Berkshire Hathaway, Prime, Amazon Pantry, Amazon Fresh, Underwood, Tech Insider, March Amazon, Amazon JPMorgan


What's next for COVID-19 vaccines

Hollis Johnson/Business Insider Hello,With what happened Wednesday at the US Capitol, it's hard to think about healthcare news. If you're just catching up: a joint session of Congress worked into the early morning hours to certify president-elect Joe Biden's victory, hours after a mob of pro-Trump rioters stormed the Capitol.Meanwhile, today's healthcare news: the healthcare roles big tech is hiring for in 2021 (with lots of hints at what's ahead for Verily/Amazon/Apple), what comes next f...
Tags: Amazon, Congress, US, Haven, Trends, Joe Biden, Healthcare, Astrazeneca, Berkshire Hathaway, Warren Buffett, Pfizer, Vaccines, Trump, UnitedHealth Group, Calico, Rick Wilking


10 things in tech you need to know today

Jack Ma on May 16, 2019 in Paris, France. Chesnot/Getty Images Good morning! This is the tech news you need to know this Thursday. Sign up here to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.Twitter locked Trump's account. The firm will keep the account locked unless the president deletes three incendiary tweets posted before and during rioters storming the US Capitol.Facebook r...
Tags: Apple, Amazon, Facebook, India, Softbank, Integrity, US, Trends, Paris, Tim Cook, Berkshire Hathaway, Fda, Jack Ma, Fintech, Trump, Amazon Alexa


Veteran investor Bill Miller flips Warren Buffett's Bitcoin snub to argue crypto beats cash

Paul Morigi/Getty Images for Fortune/Time Inc Value investor Bill Miller praised Bitcoin in a market letter on Thursday.The Miller Value Partners chief and former Legg Mason boss invoked Warren Buffett's scathing criticism of the cryptocurrency to underscore the threat of inflation to those holding dollars."Warren Buffett famously called Bitcoin 'rat poison,'" Miller said. "He may well be right. Bitcoin could be rat poison, and the rat could be cash."Buffett has repeatedly highlighted i...
Tags: US, Trends, Bitcoin, Berkshire Hathaway, Warren Buffett, Federal Reserve, Coca Cola, Berkshire, Miller, Buffett, Legg Mason, Tom Lee, Bill Miller, MicroStrategy, Paul Morigi, Miller Value Partners


Warren Buffett is a great judge of character, owes his success to shareholders, and has built a lasting culture, author Lawrence Cunningham says in a new interview. Here are the 11 best quotes.

Berkshire Hathaway CEO Warren Buffett. REUTERS/Rick Wilking Warren Buffett excels at sizing people up quickly, relied on a devoted group of shareholders to build Berkshire Hathaway, and has crafted a company culture that will outlive him, Lawrence Cunningham said on the "We Study Billionaires" podcast.The billionaire investor's conglomerate boasts a high-quality shareholder base that may have deterred activist investors from trying break it up, said the George Washington University law p...
Tags: Apple, Facebook, Trends, Netflix, Warren, Berkshire Hathaway, Warren Buffett, Bill Ackman, Berkshire, Carl Icahn, Buffett, George Washington University, Cunningham, Carl, Pershing Square, Tom Lee


Amazon launches a $2 billion housing fund to build or preserve more than 20,000 affordable homes

Amazon CEO Jeff Bezos. MANDEL NGAN/AFP via Getty Images Amazon will create or preserve more than 20,000 affordable homes in Washington, Virginia, and Tennessee through a new $2 billion housing equity fund, it announced Wednesday. Amazon's Housing Equity Fund will provide below-market loans and grants to housing partners, public agencies, and minority-led organizations, it said. The housing will be targeted at households making between 30% and 80% of the area's median income, it added. The ...
Tags: Amazon, Real Estate, Washington, Virginia, Trends, Tennessee, Nashville, Berkshire Hathaway, Jeff Bezos, Affordable Housing, Affordable Homes, Jpmorgan, Nashville Tennessee, Arlington, Urban Institute, Arlington Virginia


10 things you need to know before the opening bell

REUTERS/Brendan McDermid Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Here's what you need to know before markets open.1. US stocks and the dollar fall as Democrats take control of the Senate. See what markets are doing today.2. Bitcoin crosses $35,000 after Democrats win Senate. Economists suggest a Democratic Senate would likely lead to another round of large fiscal stimulus, crimping demand for assets like the dollar.3. Bill Gr...
Tags: Apple, Saudi Arabia, Senate, US, Trends, Markets, Opec, Berkshire Hathaway, Bill Gross, ADP, Buffett, Rbc, Democratic Senate, Brendan Mcdermid, Jeremy Grantham, Greg King


Warren Buffett's Berkshire Hathaway likely scored a $50 billion gain on Apple in 2020

Warren Buffett AP Images Warren Buffett's Berkshire Hathaway probably made a $50 billion gain on its Apple bet last year, boosting its total gain from the tech investment to more than $90 billion.The billionaire investor's company spent about $35 billion building its Apple stake, which surged in value from roughly $72 billion to $125 billion in 2020, assuming Buffett hasn't slashed the position.Apple made up almost 48% of the value of Berkshire's $229 billion stock portfolio at the end o...
Tags: Apple, Trends, Berkshire Hathaway, Warren Buffett, Berkshire, Cnbc, Buffett, Squawk Box, Anthony Scaramucci, Skybridge, Berkshire CEO, Berkshire s Apple, Theron Mohamed, American Express Bank of America and Coca Cola


Haven, the Amazon-Berkshire Hathaway-JPMorgan health venture, is disbanding

Welcome to Business Insider's daily healthcare newsletter, your daily dose of pharma, biotech, and healthcare news. Subscribe here to get this newsletter in your inbox every weekday. Hollis Johnson/Business Insider Hello,Well, we're only one workday into 2021 and we've already seen a Slack outage, a national coronavirus lockdown in the UK, and the demise of Haven, the Amazon-Berkshire Hathaway-JPMorgan healthcare venture. I guess I shouldn't have expected anything less following 2020's n...
Tags: Amazon, UK, London, La, Trends, Oxford, Astrazeneca, Berkshire Hathaway, Jeff Bezos, Jpmorgan, Joshua Roberts, Jack Hill, Frank Augstein, Amazon Berkshire Hathaway JPMorgan, BLAKE DODGE, AstraZeneca Oxford


A Credit Suisse rising star departs - What went wrong with Amazon's Haven - Biden's impact on red-hot IPO market

Trading Floor - Salle des Marches - German bank, Hessen, Franckfort. plus49/Construction Photography/Avalon/Getty Images It might be a new year, but we still haven't been able to shake off the stink of 2020 just yet. In the first day of trading in 2021, US markets dropped over fears surrounding the coronavirus. As if that wasn't enough, the more contagious UK variant of COVID-19 was found in New York. Meanwhile, England is going back into a full lockdown for at least six weeks.In other news...
Tags: Amazon, Florida, UK, US, Trends, Georgia, Joe Biden, Credit Suisse, US Senate, Berkshire Hathaway, Goldman Sachs, Biden, Alex, Zurich, Jpmorgan, Reed


Bezos, Dimon and Buffett tried to fix health care. 3 years later their company has shut down

Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett's Berkshire Hathaway and JPMorgan Chase, is shutting down.
Tags: News, Stories, Berkshire Hathaway, Buffett, JPMorgan Chase, Amazon Warren Buffett, Bezos Dimon


Billionaire investor Bill Ackman scored a record 70% return in 2020 as his pandemic bets paid off

Reuters/ Allen Fredrickson Bill Ackman's Pershing Square scored a 70% return in 2020, exceeding its previous record of 58% in 2019.The billionaire investor's hedge fund saw its net asset value per share jump from about $27 to more than $45 between January and December.Ackman largely offset the pandemic's impact on Pershing by spending $27 million on credit-default swaps that soared in value to $2.6 billion.Pershing's bosses sold the hedge in March and plowed most of the proceeds into ex...
Tags: Trends, Berkshire Hathaway, Warren Buffett, Bill Ackman, Berkshire, Reuters, Pershing Square, Anthony Scaramucci, Ackman, Pershing, Skybridge, Hilton Lowe, Theron Mohamed, Allen Fredrickson Bill Ackman


Jeff Bezos, Jamie Dimon and Warren Buffett tried to solve health care. 3 years later, their company has shut down

Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett's Berkshire Hathaway and JPMorgan Chase, is shutting down.
Tags: Cnn, Berkshire Hathaway, Warren Buffett, JPMorgan Chase, Amazon Warren Buffett, Jeff Bezos Jamie Dimon


A joint health care venture by Amazon, Berkshire and JPMorgan is shutting down

Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett's Berkshire Hathaway and JPMorgan Chase, is shutting down.
Tags: News, Stories, Berkshire Hathaway, Jpmorgan, JPMorgan Chase, Amazon Berkshire, Amazon Warren Buffett


Haven -- the joint health care venture by Amazon, Berkshire and JPMorgan -- is shutting down

Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett's Berkshire Hathaway and JPMorgan Chase, is shutting down.
Tags: Cnn, Berkshire Hathaway, Jpmorgan, JPMorgan Chase, Amazon Berkshire, Amazon Warren Buffett


The Amazon-Berkshire Hathaway-JPMorgan healthcare joint venture is officially ending

A somewhat nebulous, but high-profile and potentially heavily-moneyed joint venture is coming to an end: Haven, the JV created by Amazon, Berkshire Hathaway and JPMorgan Chase, is being “disbanded” according to CNBC, three years after its original formation. One of the main reasons is that each partner in the venture was apparently just pursuing their own very different strategic approach to their respective healthcare challenges, meaning their really wasn’t much joint in the joint venture...
Tags: Health, Amazon, TC, Washington, Finance, Tech, Companies, Healthcare, Berkshire Hathaway, Financial Services, Cnbc, JPMorgan Chase, Amazon Berkshire Hathaway, Meanwhile Amazon, Amazon JPMorgan, Amazon Berkshire Hathaway JPMorgan


Haven, the Amazon-JPMorgan-Berkshire Hathaway healthcare venture, is disbanding after 3 years of struggling to fix healthcare

Kevin Lamarque/Reuters; Yuri Gripas/Reuters; Mark Wilson/Getty Images Haven, the joint health venture struck up by Amazon, JPMorgan, and Berkshire Hathaway, is shutting down, the company announced on Monday. First reported by CNBC, Haven told employees on Monday that it would disband by the end of February.  The venture struggled to get ideas off the ground and maintain buy-in from founding company Amazon. For more stories like this, sign up here for Business Insider's daily healthcare ne...
Tags: Amazon, US, Haven, Trends, Berkshire Hathaway, Warren Buffet, Business Insider, Reuters, Atul Gawande, Thurston, Kevin Lamarque, Mark Wilson Getty, CBNC, Yuri Gripas, Amazon JPMorgan, Amazon JPMorgan Berkshire Hathaway


Warren Buffett's right-hand man shapes his investing approach and keeps him disciplined, 'Shark Tank' star Kevin O'Leary says

Berkshire Hathaway CEO Warren Buffett and Vice-Chairman Charlie Munger. Reuters Warren Buffett's business partner, Charlie Munger, molded the Berkshire Hathaway CEO's investing approach and helps keep him disciplined, "Shark Tank" star Kevin O'Leary said on the "Industry Focus: Financials" podcast."There's nothing wrong with Warren Buffett, but you want to know where all that philosophy comes from and who keeps Warren Buffett on a straight track, it's Charlie Munger," O'Leary said.The O'Lea...
Tags: Trends, Berkshire Hathaway, Warren Buffett, Goldman, Berkshire, Shark Tank, Mattel, Leary, Kevin O Leary, Munger, Charlie Munger, O Leary, Wonderful, Theron Mohamed, Bank of America Here, Charlie Munger Reuters Warren Buffett


Google's founders visited Warren Buffett more than a decade ago - and were so inspired they modeled Alphabet on Berkshire Hathaway

AP Google founders Larry Page and Sergey Brin stepped down as heads of Alphabet in 2019.The pair had the idea for Alphabet - a holding company that houses Google, DeepMind, Waymo, and other businesses - while visiting Warren Buffett more than 10 years ago."The genesis of Alphabet is a meeting that Larry and Sergey and I had about a decade ago where we flew - technically, I flew them, shocking - to Omaha, and we visited Warren Buffett," former Google CEO Eric Schmidt said at Alphabet's annu...
Tags: Google, Trends, Larry Page, Sergey Brin, Berkshire Hathaway, Omaha, Warren Buffett, Eric Schmidt, Berkshire, Alphabet, Ruth Porat, Buffett, Ruth, SCHMIDT, Larry, Sergey


Warren Buffett paid out $60 million after the Red Sox won the World Series in 2007

Warren Buffett took a $60 million hit after the Red Sox won the World Series in 2007, according to the Boston Globe.The famed investor's Berkshire Hathaway conglomerate made the payout after insuring a promotion by one of its businesses, Jordan's Furniture.Jordan's Furniture offered refunds on all sofas, beds, mattresses, and dining-room tables sold between March 8 and April 16 if the Red Sox won the baseball championship that year.Nearly 30,000 people received free furniture as a resu...
Tags: Boston, Trends, Berkshire Hathaway, Warren Buffett, John, Jordan, Globe, Abc News, Red Sox, New York Yankees, Buffett, Boston Globe, Fenway Park, Babe Ruth, Linda Henry, Bambino