Posts filtered by tags: Berkshire Hathaway[x]


 

Warren Buffett won't be following Jeff Bezos and Richard Branson into space - he ruled out a rocket trip 25 years ago

Warren Buffett. CNBC Warren Buffett won't be following Jeff Bezos or Richard Branson into space. The investor once said he admired space explorers but had no desire to board a rocket himself. Buffett joked he would charge less to insure Elon Musk's Mars mission if Musk was on board. See more stories on Insider's business page. Amazon's Jeff Bezos and Virgin's Richard Branson blasted themselves into space this month, while SpaceX CEO Elon Musk's grand vision is colon...
Tags: Amazon, Elon Musk, Trends, Earth, Virgin, Richard Branson, Berkshire Hathaway, Warren Buffett, Mars, Jeff Bezos, Coca Cola, Berkshire, Musk, Gillette, Buffett, Elon


10 things before the opening bell

Spencer Platt/Getty Images Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, sign up here for Insider Investing, our weekly markets analysis newsletter.Let's get into it.1. US futures have got a boost today from a set of blockbuster tech earnings. The S&P 500 is now less than 1% below its record high of 4,393. Shares in Snap and Twitter are on the move. 2. Warren Buffett's Berkshire Hathaway sold Kirby after owning it for 35 years. At...
Tags: US, Newsletter, Trends, Markets, Ubs, SEC, Berkshire Hathaway, Warren Buffett, North America, Musk, Buffett, Jpmorgan, Schlumberger, Kirby, Dogecoin, Howard Marks


Warren Buffett's Berkshire Hathaway sold Kirby after 35 years. The vacuum-cleaner company generated 5% of Berkshire's profits at one point

Warren Buffett. Carlos Barria / Reuters Warren Buffett's Berkshire Hathaway sold Kirby after 35 years of ownership. The investor bought Scott Fetzer, the vacuum-cleaner brand's parent company, in 1986. Kirby once generated 5% of Berkshire's profits, and Buffett ranked it among his best businesses. See more stories on Insider's business page. Warren Buffett's Berkshire Hathaway recently sold Kirby after 35 years of owning the vacuum-cleaner company. The famed investor...
Tags: US, Trends, Berkshire Hathaway, Warren Buffett, Berkshire, Buffett, Kirby, Nebraska Furniture Mart, Theron Mohamed, Scott Fetzer, Right Lane Industries, Kirby Moreover Buffett, Berkshire Hathaway Scott Fetzer Right Lane


Richard Ferrari named new CEO of Douglas Elliman New York

Former CEO Steven James departed in April for Berkshire Hathaway's HomeServices of America.
Tags: New York, Radio, Berkshire Hathaway, Douglas Elliman, Steven James, Richard Ferrari


Warren Buffett likely took a $6 billion hit on just 4 stocks during Monday's painful sell-off

Warren Buffett. REUTERS/Rebecca Cook Warren Buffett probably took a $6-billion hit on four stocks during Monday's sell-off. The investor's Apple, Bank of America, Coca-Cola, and American Express stakes fell in value. Buffett's Berkshire Hathaway has made over $150 billion in total gains on those positions. See more stories on Insider's business page. Warren Buffett likely suffered a $6 billion blow to his stock portfolio on Monday, as four of his biggest holdings slumped in...
Tags: Apple, Trends, Bank Of America, American Express, Berkshire Hathaway, Warren Buffett, Ibm, Goldman Sachs, Starbucks, Coca Cola, Berkshire, Buffett, Theron Mohamed, Rebecca Cook Warren Buffett


Lumber prices are on a roller coaster. They might remind Warren Buffett of the time he doubled his money on a timber company

Warren Buffett. REUTERS Lumber prices have skyrocketed and plunged in the past 18 months due to the pandemic. Warren Buffett once doubled his money with a clever bet on Arcata, a timber company. The investor pocketed $22 million after the US government settled a dispute over a redwood forest. See more stories on Insider's business page. The pandemic has had a dramatic impact on lumber prices, dragging futures below $300 per thousand board feet in April 2020, then lifting them as high a...
Tags: US, Trends, Berkshire Hathaway, Warren Buffett, KKR, Berkshire, Buffett, Arcata, Redwood National Park, Theron Mohamed, California Arcata


Warren Buffett's Berkshire Hathaway could bag a 60% profit when Paytm goes public

Warren Buffett. Bill Pugliano/Getty Warren Buffett's Berkshire Hathaway could make a 60% profit when Paytm goes public. The investor's company owns 2.8% of the digital-payments startup, Paytm's draft IPO filing shows. Berkshire, Alibaba, Ant Financial, and SoftBank have all agreed to sell some shares in Paytm's IPO. See more stories on Insider's business page. Warren Buffett's Berkshire Hathaway stands to make a 60% profit on its Paytm shares if the Indian digital-p...
Tags: Softbank, US, Trends, Bloomberg, American Express, Berkshire Hathaway, Warren Buffett, Coca Cola, Jack Ma, Berkshire, Nubank, Paytm, Buffett, Combs, Todd Combs, One97 Communications


The investor responsible for Warren Buffett's 25x gain on BYD just sold $320 million of the electric-vehicle maker's stock

Warren Buffett. Paul Morigi/Getty Images for Fortune/Time Inc Li Lu's Himalaya fund sold 15% of its BYD stake in two days, netting about $320 million. Li encouraged Warren Buffett and Charlie Munger to invest in the Chinese automaker in 2008. BYD's stock price is down about 5% this year after soaring 400% in 2020. See more stories on Insider's business page. Li Lu introduced Warren Buffett and Charlie Munger to BYD, one of the pair's best investments over the past decade. T...
Tags: Hong Kong, Trends, Berkshire Hathaway, Warren Buffett, Berkshire, Himalaya, Buffett, Li, Munger, Charlie Munger, BYD, Li Lu, Munger Buffett, Theron Mohamed, Berkshire Read, Himalaya Capital Management


Indian digital payments giant Paytm files for $2.2 billion IPO

Digital payments giant Paytm, one of India’s most valuable startups, plans to raise up to $2.2 billion in an initial public offering, it said in draft papers submitted to the country’s market regulator on Friday. The Noida-headquartered firm — backed by Alibaba (which, alongside Ant Financial, owns 36% of Paytm), Berkshire Hathaway, and SoftBank (owns about 18% stake) among others — said (PDF) it will issue new shares worth $1.1 billion and offer sale worth of $1.1 billion. Paytm, which was unti...
Tags: Google, Asia, Finance, Ipo, India, Softbank, Tech, Alibaba, Berkshire Hathaway, Fidelity, Goldman Sachs, Payments, Ant Financial, Zomato, UPI, Vijay Shekhar Sharma


Elizabeth Warren wants to investigate Warren Buffett and other billionaires' tax practices - and probe the banks and wealth managers behind them

Warren Buffett. CNBC Sen. Elizabeth Warren criticized Warren Buffett's tax practices in an open letter. The senator wants an investigation into how banks and wealth managers enable tax avoidance. ProPublica recently reported how Buffett and other billionaires minimize their tax bills. See more stories on Insider's business page. Billionaires aren't paying their fair share of taxes, and the banks and wealth managers enabling them should be investigated, Sen. Elizabeth Warren and...
Tags: Amazon, Senate, Elizabeth Warren, US, Trends, Warren, Berkshire Hathaway, Warren Buffett, Jeff Bezos, Wyden, Berkshire, Ron Wyden, Buffett, Sen Elizabeth Warren, Whitehouse, Sen Sheldon Whitehouse


Billionaire investor Mario Gabelli slams stock promoters, touts batteries, and discusses his Berkshire Hathaway bet in a new interview. Here are the 14 best quotes

Mario Gabelli. Thomson Reuters Mario Gabelli questioned SPACs, touted batteries, and slammed pump-and-dump schemes on Twitter. The Gamco Investors chief told young people to work hard, save, and invest. Gabelli reflected on his lucrative Berkshire Hathaway investment in the mid-1980s. See more stories on Insider's business page. Mario Gabelli blasted pump-and-dump schemes on Twitter, warned that special-purpose acquisition vehicles (SPACs) vary greatly in quality, and trumpeted battery...
Tags: Twitter, Germany, Trends, Netflix, Berkshire Hathaway, Warren Buffett, Bundesbank, Costco, Berkshire, Gabelli, Mario Gabelli, GAMCO, Karl Otto Pöhl, Nikola Motors, Theron Mohamed, Mario Gabelli Thomson Reuters Mario Gabelli


Bank of America misses Q2 revenue forecasts - but smashes income estimates after slashing credit-loss provisions

Bank of America CEO Brian Moynihan. Photo by John Lamparski/Getty Images Bank of America reported second-quarter earnings on Wednesday. The banking group's revenue fell short of Wall Street's forecasts, but it beat on net income. Bank of America counts Warren Buffett's Berkshire Hathaway as its biggest shareholder. See more stories on Insider's business page. Bank of America reported second-quarter earnings on Wednesday. The banking group's revenue fell short of Wall St...
Tags: Apple, America, Trends, Bank Of America, Bloomberg, Berkshire Hathaway, Warren Buffett, Berkshire, Wells Fargo, Buffett, Brian Moynihan, Goldman Sachs JPMorgan, John Lamparski, Berkshire CEO, Theron Mohamed, Getty Images Bank of America


US Regulators Criticize Buffett's Failed $1.3B Pipeline Deal

Federal regulators say Berkshire Hathaway’s $1.3 billion deal to buy a natural gas pipeline from Dominion Energy that fell apart this week should have never been attempted because a similar deal drew strong opposition in the past.
Tags: US, Berkshire Hathaway, Buffett, Dominion Energy


Warren Buffett reversed plans to buy a $1.3 billion pipeline to avoid antitrust scrutiny - and its shows how the rich and powerful see Washington's growing regulatory threat

Warren Buffett in 2019. JOHANNES EISELE/AFP via Getty Images Warren Buffett's Berkshire Hathaway abandoned plans to buy a $1.3 billion natural gas pipeline. Buffett's energy company operates in states where the pipeline runs, which seller said the FTC could have used to block the deal. The abandoned purchase signals that Buffett sees a growing federal regulatory threat. See more stories on Insider's business page. Washington's beefing up its antitrust regulatory muscle, and...
Tags: Politics, News, Congress, Colorado, Washington, Finance, US, Trends, Strategy, Joe Biden, Cnn, Antitrust, Berkshire Hathaway, Warren Buffett, Khan, Warren Buffet


Warren Buffett's favorite banker has filed to take Weber public - and the grill maker could secure a billion-dollar valuation

Warren Buffett. AP Images Warren Buffett's longtime banker plans to take Weber public, SEC filings show. Byron Trott's BDT has been the grilling company's majority shareholder since 2010. Buffett has lauded Trott's dealmaking skills, expertise, and trustworthiness. See more stories on Insider's business page. Warren Buffett's favorite banker has filed to take Weber public, paving the way for the grilling specialist to deliver a billion-dollar IPO.BDT Capital Partner...
Tags: Trends, SEC, Berkshire Hathaway, Warren Buffett, Keurig, Goldman Sachs, Wrigley, Berkshire, Byron, Buffett, Weber, Charlie, Trott, Dr Pepper Snapple, BDT, Berkshire CEO


Berkshire Hathaway scraps pipeline purchase because of antitrust concerns

Warren Buffett may be one of the richest people on the planet, but even the Oracle of Omaha has to recognize the power of the United States government.
Tags: Cnn, United States, Berkshire Hathaway, Omaha, Warren Buffett


Warren Buffett warned the Bill & Melinda Gates Foundation's CEO about the 'ABCs.' The investor has flagged those threats before

Warren Buffett and Bill Gates. Reuters/Jason Lee Warren Buffett warned the Bill & Melinda Gates Foundation's CEO about the "ABCs" last year. The investor sees arrogance, bureaucracy, and complacency as major threats to large organizations. Buffett, who has gifted $33 billion to the foundation, once called the ABCs "corporate cancers." See more stories on Insider's business page. Warren Buffett told the CEO of the Bill & Melinda Gates Foundation that the greatest threats to the phil...
Tags: Abc, Trends, Berkshire Hathaway, Warren Buffett, Bill, Berkshire, Gates Foundation, Buffett, Omaha Nebraska, Bill Melinda Gates Foundation, Melinda Gates Foundation, US Steel, Suzman, General Motors IBM Sears Roebuck, Mark Suzman, Theron Mohamed


Warren Buffett's Apple stake has surged in value to $128 billion. It would be worth $146 billion if the investor hadn't slashed it.

Warren Buffett. Lucas Jackson/Reuters Warren Buffett's Apple stake surged in value to $128 billion on Wednesday. If Buffett's Berkshire Hathaway hadn't sold 12% of its holding, it would be worth $146 billion. Buffett has lauded Apple as one of Berkshire's "family jewels" and an exceptional business. See more stories on Insider's business page. Warren Buffett's Apple bet jumped in value to $128 billion on Wednesday, thanks to the iPhone maker's stock price closin...
Tags: Apple, US, Trends, Berkshire Hathaway, Warren Buffett, Berkshire, Cnbc, Buffett, Vanguard, Charlie Munger, Theron Mohamed


Bill and Melinda Gates Foundation sets 2-year, post-divorce power share trial

By HALELUYA HADERO | Associated Press NEW YORK — Bill Gates and Melinda French Gates will continue to work together as co-chairs of their foundation even after their planned divorce. However, if after two years Gates and French Gates decide they cannot continue in their roles, French Gates will resign her positions as co-chair and trustee, The Bill and Melinda Gates Foundation announced Wednesday. If French Gates resigns, Gates would essentially buy her out of the foundation, one of the world’s ...
Tags: Business, New York, News, Microsoft, Sport, Ap, Soccer, Bill Gates, Warren, Berkshire Hathaway, Warren Buffett, Associated Press, Bill, Philanthropy, Melinda Gates, Gates


Earnings vs Cashflows: What’s the difference?

If there’s one thing to take away from this thread, it’s this: Earnings are an opinion. Cash is a fact. Great companies return a lot of cash to owners over time. Typically, they convert most of their earnings into CFO and FCF, while requiring minimal maintenance capex. 10Kdiver 5/ Net Worth is what remains after we net out what a company *owns* against what it *owes*. Companies that *own* more than they *owe* have positive net worth. Companies that *owe* more than they *own* have negati...
Tags: Business, Berkshire Hathaway, Buffett, Fyi, SBC, FCF, Thethreadmill, Stock Based Compensation SBC


Warren Buffett and Bill Gates met on 4th of July weekend 30 years ago. Here's how their iconic friendship began.

Bill Gates and Warren Buffett. Bill Gates/YouTube Warren Buffett and Bill Gates first met 30 years ago on Fourth of July weekend. The investor and the Microsoft cofounder expected to have little in common. Buffett and Gates became close friends and philanthropic partners. See more stories on Insider's business page. Warren Buffett and Bill Gates are very close friends who have partnered in philanthropy, political activism, and online bridge. Their iconic friendship began almost 30 year...
Tags: Microsoft, Washington Post, Washington, Trends, Bill Gates, Warren, Berkshire Hathaway, Warren Buffett, Gates, Berkshire, Buffett, McDonald, Bill Melinda Gates Foundation, Greenfield, Meg Greenfield, Theron Mohamed


Warren Buffett has gifted about $2 billion to each of his 3 children's foundations. His youngest son is using some of the cash to revitalize a community.

Peter Buffett and Warren Buffett. Nati Harnik/AP Warren Buffett has donated about $2 billion in total to each of his three children's foundations. Peter Buffett's NoVo Foundation is using some of the funds to revitalize Kingston, New York. The investor and his son disagree on some topics, but they both love their jobs. See more stories on Insider's business page. Warren Buffett has donated about $2 billion worth of Berkshire Hathaway stock to each of his three children's fo...
Tags: Trends, Berkshire Hathaway, Warren Buffett, Kingston, Honda, Wall Street Journal, Berkshire, Journal, Cnbc, Buffett, Peter, Novo, The Journal, NoVo Foundation, Peter Buffett, Kingston New York


Weekend reading: Buffett man Ted Weschler’s amazing returns

W arren Buffett is a nifty picker of stocks. In hiring Ted Weschler to help select investments at Berkshire Hathaway, he’s turned out to be a nifty stockpicker-picker, too. Buffett would hardly have hired a bozo – it was nailed-on that former hedge fund manager Weschler could pluck an Apple or an Amazon from the also-runs. But new figures prove Ted Weschler has some truly serious investing smarts. DIY tax haven Ted Weschler’s returns have surfaced after a huge kerfuffle in the US about Roth ...
Tags: Apple, Google, Amazon, UK, China, New York City, Marketing, US, Bbc, Cnn, Britain, New York Times, Peter Thiel, Reddit, Berkshire Hathaway, Warren Buffett


Days after Charlie Munger called Robinhood 'a gambling parlor,' the free-trading app revealed options trading as its largest source of revenue

Warren Buffett, CEO of Berkshire Hathaway, and vice chairman Charlie Munger. JOHANNES EISELE/AFP via Getty Images Charlie Munger of Berkshire Hathaway called Robinhood "a gambling parlor" on Tuesday.The free-trading app said it derives a bulk of its revenue from options trading in its S-1 IPO filing.Options trading is often viewed as a risky way to leverage exposure to the stock market.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Just two days after Charlie Munge...
Tags: Ipo, Trends, Reddit, SEC, Berkshire Hathaway, Warren Buffett, Robinhood, Cnbc, Munger, Charlie Munger, Matthew Fox, Charlie Munger JOHANNES EISELE


Bill Gates and Melinda French Gates reportedly view their foundation as 'their fourth child'

Bill and Melinda Gates take part in a discussion on January, 22, 2015 in Brussels. Emmanuel Dunand/AFP via Getty Images Bill Gates and Melinda French Gates see their foundation as "their fourth child," according to WSJ. The Gates Foundation is committing $2.1 billion to gender equality efforts, the Journal reported. The two have said they will remain co-chairs of the foundation despite their May divorce. See more stories on Insider's business page. Bill Gates and Melinda French Gates...
Tags: Microsoft, Trends, Getty Images, Bill Gates, Berkshire Hathaway, Warren Buffett, Brussels, Bill, Melinda Gates, Gates, Journal, WSJ, Gates Foundation, Buffett, Afp, Tech Insider


America can learn from Communist China, says Berkshire's Charlie Munger

Berkshire Hathaway vice chairman Charlie Munger praised the Chinese government for silencing Alibaba's Jack Ma in a recent interview, adding that he wishes US financial regulators were more like those in China.
Tags: China, US, America, Cnn, Alibaba, Berkshire Hathaway, Jack Ma, Berkshire, Charlie Munger


10 things you need to know before the opening bell

Warren Buffett, CEO of Berkshire Hathaway, and vice chairman Charlie Munger. JOHANNES EISELE/AFP via Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get the day's top stock and crypto news in your inbox every morning.Sign up for Insider Investing for your weekly markets analysis.1. The global shares rally slows down as investors await US private-sector jobs data. See what markets are doing today.2. Coinbase reveals plans for a crypto App Store that offers thir...
Tags: Elon Musk, China, Amc, US, Trends, Chicago, SEC, Berkshire Hathaway, Warren Buffett, EIA, Cnbc, ADP, Micron, Musk, Baillie Gifford, Jpmorgan


Warren Buffett and Charlie Munger slam Robinhood, blast Archegos' lenders, and reflect on their iconic friendship in a new interview. Here are the 15 best quotes

Warren Buffett and Charlie Munger. CNBC Warren Buffett and Charlie Munger blasted Robinhood and Archegos' lenders in a recent interview. The business partners also reflected on their six decades of friendship and biggest influences. Buffett and Munger discussed remote working and the pandemic's impact on Berkshire Hathaway as well. See more stories on Insider's business page. Warren Buffett and Charlie Munger blasted Robinhood, slammed the banks that enabled the Archegos Capita...
Tags: Trends, Credit Suisse, Warren, Berkshire Hathaway, Warren Buffett, Federal Reserve, Robinhood, Cnbc, Buffett, Charlie, Munger, Charlie Munger, Buffett Munger, Theron Mohamed, Berkshire Read, Archegos


LIVE: Warren Buffett and Charlie Munger discuss their friendship, Berkshire Hathaway, and the state of markets in a special CNBC interview

Warren Buffett. CNBC Warren Buffett and Charlie Munger took part in a CNBC interview that aired on Tuesday night. The billionaire investors spoke about their friendship, Berkshire Hathaway, and financial markets. Buffett and Munger also discussed remote work and the lessons they took from the pandemic. See more stories on Insider's business page. Warren Buffett and Charlie Munger discussed their iconic friendship, their key business principles, and what makes Berkshire Hathaway unique ...
Tags: America, Trends, Credit Suisse, Alibaba, Berkshire Hathaway, Warren Buffett, Jack Ma, Robinhood, Berkshire, Cnbc, Buffett, Bnsf, Charlie, Munger, Charlie Munger, Buffett Munger


Warren Buffett and Charlie Munger knocked Robinhood, discussed the Archegos fiasco, and reflected on their friendship in a new interview. Here are the highlights

Warren Buffett. CNBC Warren Buffett and Charlie Munger took part in a CNBC interview that aired on Tuesday night. The billionaire investors criticized Robinhood and Archegos, and reflected on their friendship. Buffett and Munger also discussed remote working and the lessons they took from the pandemic. See more stories on Insider's business page. Warren Buffett and Charlie Munger discussed their iconic friendship, how they approach business, and how they built Berkshire Hathaway in "Bu...
Tags: America, Trends, Credit Suisse, Berkshire Hathaway, Warren Buffett, Robinhood, Berkshire, Cnbc, Buffett, Bnsf, Charlie, Munger, Charlie Munger, Buffett Munger, Blue Chip Stamps, Theron Mohamed