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Warren Buffett joked he would be 'eating Thanksgiving dinner at McDonald's' if the US government didn't bail out the banks in 2008

Warren Buffett loves McDonald's. "Becoming Warren Buffett"/HBO Warren Buffett faced a fast-food Thanksgiving in 2008 if US authorities didn't save the financial system, he joked in a CNBC interview in 2010."If the government hadn't acted, I would be eating Thanksgiving dinner at McDonald's," he said.The famed investor and Berkshire Hathaway CEO wouldn't mind too much, as he picks up breakfast at the restaurant chain on his way to work every day.Buffett is also the proud owner of a Mc...
Tags: Hong Kong, US, Trends, Tesla, New York Times, Bill Gates, Treasury, Berkshire Hathaway, Omaha, Warren Buffett, Goldman Sachs, Morgan Stanley, General Electric, Sam, ESG, Lazard


Billionaire investors Mark Cuban and Chamath Palihapitiya are challenging Warren Buffett in car insurance

Warren Buffett Getty Images Mark Cuban and Chamath Palihapitiya are challenging Warren Buffett in the car-insurance market.The "Shark Tank" star and Social Capital chief are part of a group investing $160 million into Metromile, which offers pay-per-mile insurance and personalized pricing to drivers.Buffett's Berkshire Hathaway owns Geico, one of the biggest US auto insurers and a key component of its business.Metromile is poised to go public via a "blank-check" company at a projected $1...
Tags: MetroMile, US, Dallas Mavericks, Trends, Berkshire Hathaway, Warren Buffett, Berkshire, Chamath Palihapitiya, Buffett, Cohen, SPAC, GEICO, Social Capital, Palihapitiya, Theron Mohamed, Baron Funds


Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett's Berkshire Hathaway. Here's why that's astounding

Warren Buffett (left) and Elon Musk (right) Alex Wong/Getty, REUTERS/Rebecca Cook Tesla's market capitalization soared past $525 billion on Tuesday, leaving it within striking distance of the $549 billion market cap of Warren Buffett's Berkshire Hathaway.Shares in Elon Musk's electric-vehicle company have rocketed up more than 500% this year, while Berkshire stock has only risen 2.4%.The similarity in market caps is surprising, given Berkshire earned $255 billion in revenue last year, mo...
Tags: Apple, Elon Musk, Trends, Tesla, Bloomberg, Berkshire Hathaway, Warren Buffett, Dow Jones, Berkshire, Musk, Buffett, Morningstar, Alex Wong Getty, Berkshire Hathaway Here, Burlington Northern, Theron Mohamed


Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He'll be happy to have Janet Yellen as treasury secretary

Warren Buffett. REUTERS/Rebecca Cook Warren Buffett is likely pleased that President-elect Joe Biden intends to appoint Janet Yellen as treasury secretary.The billionaire investor and Berkshire Hathaway CEO praised the former Federal Reserve chief in 2014, and will likely support her efforts to stimulate the US economy, boost employment, and combat income inequality."I think that the new administration will act promptly to extend help to small businesses," Buffett said at a private event...
Tags: Congress, Senate, US, Trends, Joe Biden, Warren Buffett, Janet Yellen, Goldman Sachs, Federal Reserve, Biden, Berkshire, Wells Fargo, Buffett, Yellen, Fed, Ben Bernanke


Tesla just surged past $500 billion in market value. Elon Musk predicted self-driving cars would boost it to that level

Elon Musk. AP Photo/Mark Lennihan Tesla CEO Elon Musk predicted last year that autonomous driving would boost his company's market capitalization to $500 billion.The electric-vehicle maker's market cap soared as high as $515 billion on Tuesday, even though Tesla is still refining its self-driving software and has only released a beta version to a limited number of customers.Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC re...
Tags: Apple, Elon Musk, Trends, Tesla, Warren Buffett, Cnbc, Musk, Teslas, Elon Musk AP, Theron Mohamed, Mark Lennihan Tesla


Tesla is nearing $500 billion in market value. Elon Musk predicted self-driving cars would boost it to that level

Elon Musk. AP Photo/Mark Lennihan Tesla CEO Elon Musk predicted last year that autonomous driving would boost his company's market capitalization to $500 billion.The electric-vehicle maker's market cap soared as high as $498 billion on Monday, even though Tesla is still refining its self-driving software and has only released a beta version to a limited number of customers.Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC rep...
Tags: Apple, Elon Musk, Trends, Tesla, Warren Buffett, Cnbc, Musk, Teslas, Elon Musk AP, Theron Mohamed, Mark Lennihan Tesla


Veteran investor Jeremy Grantham discussed the dot-com bubble, green investing, and America's poor handling of the pandemic in a recent interview. Here are the 10 best quotes

Morningstar / YouTube British investor Jeremy Grantham reflected on the dot-com bubble, trumpeted green investments, and criticized Americans' response to the pandemic in a RealVision interview released on Monday.The chief investment strategist of asset-manager GMO also praised Pfizer's partner BioNTech and Moderna for developing extremely effective COVID-19 vaccines in record time.Scroll down to read his 10 best quotes from the interview.Visit Business Insider's homepage for more stori...
Tags: Congress, US, America, Trends, Gmo, Warren Buffett, Pfizer, Goldman, Grantham, Morningstar, Alan Greenspan, Jeremy Grantham, Grantham Mayo van Otterloo, Moderna, BioNtech, General Electrics


Warren Buffett discussed the Fed's pandemic response, small businesses, and his ukelele collection at a recent Goldman Sachs event. Here are the 10 best quotes

AP Images Warren Buffett discussed the federal response to the pandemic, the challenges facing small businesses, his unwavering faith in America, and his ukelele collection at a private event last week.The famed investor and Berkshire Hathaway CEO spoke at a virtual Goldman Sachs 10,000 Small Businesses event to celebrate the graduation of 10,000 entrepreneurs from the program, and guide alumni on how to navigate the pandemic.A closer look at Buffett's comments can be found here.Visit B...
Tags: US, America, Trends, Small Businesses, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Federal Reserve, Goldman, Buffett, Fed, Berkshire CEO, Theron Mohamed, AP Images Warren


Warren Buffett's Berkshire Hathaway sold its $1.3 billion Costco stake last quarter. Here's why that's surprising

Warren Buffett and Charlie Munger REUTERS/Rick Wilking Warren Buffett's Berkshire Hathaway sold its Costco position after investing more than 20 years ago, a filing revealed this week.The billionaire investor's company grew its stake in the big-box retailer from 355,000 shares worth $32 million in 1999, to 4.3 million shares worth $1.3 billion in June of this year.The sale is a shock because Buffett famously invests for the long term, two of Berkshire's directors sit on Costco's board, and ...
Tags: Trends, Deutsche Bank, Berkshire Hathaway, Warren Buffett, Costco, Berkshire, Cnbc, Buffett, Charlie, Munger, Charlie Munger, Susan Decker, Theron Mohamed, Rick Wilking Warren Buffett


Warren Buffett's Berkshire Hathaway sold its Costco stake last quarter. Here are 3 reasons why that's extremely surprising

Warren Buffett and Charlie Munger REUTERS/Rick Wilking Warren Buffett's Berkshire Hathaway sold its Costco position after investing more than 20 years ago, a filing revealed this week.The billionaire investor's company grew its stake in the big-box retailer from 355,000 shares worth $32 million in 1999, to 4.3 million shares worth $1.3 billion in June of this year.The sale is a shock because Buffett famously invests for the long term, two of Berkshire's directors sit on Costco's board, and ...
Tags: Trends, Deutsche Bank, Berkshire Hathaway, Warren Buffett, Costco, Berkshire, Cnbc, Buffett, Charlie, Munger, Charlie Munger, Susan Decker, Theron Mohamed, Rick Wilking Warren Buffett


Billionaire investor and Virgin Galactic chairman, Chamath Palihapitiya, discussed Bitcoin, climate change, and Silicon Valley in a recent interview. Here are the 8 best quotes

Mike Windle/Getty Images for Vanity Fair Investor Chamath Palihapitiya spoke about Bitcoin, climate change, and Silicon Valley's culture of embracing failure in a RealVision interview released on Friday.The Virgin Galactic chairman and Social Capital CEO also tackled topics such as social media, elite colleges, and virtual education.Scroll down for his eight best quotes from the interview.Visit Business Insider's homepage for more stories.Billionaire investor Chamath Palihapitiya discus...
Tags: Kim Kardashian, Stanford, Trends, Harvard, Virgin Galactic, Silicon Valley, Chamath Palihapitiya, Mike Windle Getty, Social Capital, Charli D Amelio, Theron Mohamed


Short-seller Jim Chanos sounded the alarm on day traders, corporate fraud, and gig-economy companies in a recent interview. Here are the 12 best quotes

David Orrell/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Leading short-seller Jim Chanos issued warnings about day trading, corporate fraud, and both ride-hailing and food-delivery companies in a RealVision interview this week.The president of Kynikos Associates, who successfully shorted Enron nearly 20 years ago, also discussed Wirecard and IBM.Scroll down to read his 12 best quotes from the interview.Visit Business Insider's homepage for more stories.Veteran short-seller Jim Chanos...
Tags: US, Trends, Virgin Galactic, Ibm, Biden, Morningstar, Enron, Jim Chanos, Kynikos Associates, Chanos, Wirecard, Realvision, Theron Mohamed, IBM Wirecard


Billionaire investor Bill Ackman discussed his pandemic hedge, praised Trump, and explained his Berkshire Hathaway exit in a recent interview. Here are the 19 best quotes

Reuters/ Allen Fredrickson Hedge-fund billionaire Bill Ackman spoke about his lucrative pandemic trade, selling his Berkshire Hathaway stock in May, and why he launched a "blank-check" company at the virtual Sohn Hearts & Minds conference last week.The Pershing Square boss also tackled other topics including politics, activist shareholders, short-sellers, and the market outlook for 2021.Scroll down for his 19 best quotes from the interview.Visit Business Insider's homepage for more stories...
Tags: Amazon, Europe, China, US, Trends, Berkshire Hathaway, Warren Buffett, Starbucks, Pfizer, Bill Ackman, Biden, Berkshire, Buffett, Trump, Jpmorgan, Morningstar


Warren Buffett's Berkshire Hathaway plowed more than $5 billion into 4 pharma stocks last quarter. He's been teasing a bet on the sector for more than 20 years

Bill Pugliano/Getty Warren Buffett's Berkshire Hathaway bought more than $5 billion worth of AbbVie, Bristol Myers Squibb, Merck, and Pfizer stock last quarter.The billionaire investor has been teasing a wager of that kind for more than 20 years."If we could buy a group of leading pharmaceutical companies at a below-market multiple, I think we'd do it in a second," Buffett said at Berkshire's annual meeting in 1999.Buffett also touted a "basket approach" to the pharmaceutical industry as a...
Tags: Apple, Trends, Merck, Bill Clinton, Berkshire Hathaway, Warren Buffett, Pfizer, Costco, Berkshire, Baillie Gifford, Buffett, Ted Weschler, Todd Combs, Bill Smead, Charlie Munger Berkshire, Bristol Myers Squibb Merck


Warren Buffett is buying a secret stock that could be revealed within weeks

Getty Images / Bill Pugliano Warren Buffett has a secret stock in his portfolio.The billionaire investor's Berkshire Hathaway conglomerate omitted "confidential information" in its quarterly portfolio update on Monday, instead filing it separately with financial regulators."He is undoubtedly building a large position now," said David Kass, a finance professor at the University of Maryland and a close follower of Buffett and his company. "I suspect that Berkshire is building a large posi...
Tags: Trends, Getty Images, Barclays, Berkshire Hathaway, Warren Buffett, Ibm, Goldman, University Of Maryland, Berkshire, Buffett, Phillips, Edward Jones, Kass, US Securities and Exchange Commission, David Kass, Berkshire Buffett


AbbVie, Merck, and Pfizer shares jump after Warren Buffett's Berkshire Hathaway reveals it bought them last quarter

Warren Buffett. Reuters The "Buffett Effect" lifted AbbVie, Merck, Bristol Myers Squibb, and Pfizer shares on Tuesday.The four pharmaceutical stocks jumped after Warren Buffett's Berkshire Hathaway revealed that it invested in them last quarter.The famed investor's company disclosed stakes worth $1.8 billion to $1.9 billion in AbbVie, BMS, and Merck, as well as a $136 million Pfizer position.The four holdings were worth nearly $6 billion as of Monday's close, up from $5.7 billion at the end...
Tags: Trends, Merck, Berkshire Hathaway, Warren Buffett, Pfizer, Abbvie, Berkshire, Buffett, Bms, Jpmorgan, Theron Mohamed, Berkshire Visit Business Insider, AbbVie Merck, Warren Buffett Reuters, Merck Bristol Myers Squibb, AbbVie BMS


Warren Buffett appears to be buying a secret stock that could be revealed within weeks

Getty Images / Bill Pugliano Warren Buffett appears to have a secret stock in his portfolio.The billionaire investor's Berkshire Hathaway conglomerate omitted "confidential information" in its quarterly portfolio update on Monday, instead filing it separately with financial regulators."He is undoubtedly building a large position now," said David Kass, a finance professor at the University of Maryland and a close follower of Buffett and his company. "I suspect that Berkshire is building ...
Tags: Trends, Getty Images, Barclays, Berkshire Hathaway, Warren Buffett, Goldman, University Of Maryland, Berkshire, Buffett, Phillips, Edward Jones, Kass, US Securities and Exchange Commission, David Kass, Theron Mohamed, Berkshire Visit Business Insider


Warren Buffett's Berkshire Hathaway reveals $6 billion bet on AbbVie, Merck, Pfizer, and other 'big pharma' stocks

Warren Buffett AP Images Warren Buffett's Berkshire Hathaway added AbbVie, Bristol Myers Squibb, Merck, and Pfizer to its stock portfolio in the third quarter.The billionaire investor's company disclosed the $6 billion worth of pharmaceutical bets in a regulatory filing on Monday.Berkshire held stakes worth more than $1.8 billion in each of AbbVie, Bristol Myers Squibb, and Merck as of September 30. It owned $136 million of Pfizer stock as well.Buffett and his team also trimmed their mas...
Tags: Apple, US, Trends, General Motors, Merck, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Pfizer, Costco, Berkshire, Wells Fargo, Buffett, Kroger, Barrick Gold, Jpmorgan


Warren Buffett's Berkshire Hathaway reveals stakes in AbbVie, Merck, Pfizer, and other 'big pharma' stocks

Warren Buffett AP Images Warren Buffett's Berkshire Hathaway bought shares in AbbVie, Bristol Myers Squibb, Merck, and Pfizer in the third quarter.The billionaire investor's company disclosed the fresh batch of pharmaceutical holdings in a regulatory filing on Monday.Berkshire boasted stakes worth more than $1.8 billion in each of AbbVie, Bristol Myers Squibb, and Merck as of September 30. It owned $136 million of Pfizer stock as well.Buffett and his team also trimmed their massive Apple...
Tags: Apple, US, Trends, General Motors, Merck, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Pfizer, Costco, Berkshire, Wells Fargo, Buffett, Kroger, Barrick Gold, Jpmorgan


Billionaire investor Dan Loeb seems to have sold all of his Snowflake stock within days of buying it

REUTERS/Steve Marcus Dan Loeb's Third Point seems to have sold its Snowflake stock only a few days after buying it.The billionaire investor's hedge fund listed Snowflake as one of its best-performing investments in September, after the cloud-data platform went public on September 16.However, Third Point recently published the contents of its stock portfolio as of September 30, and Snowflake was notably absent.Loeb and his team may have bought Snowflake shares, celebrated as they more than ...
Tags: Ipo, US, Trends, Berkshire Hathaway, Warren Buffett, Goldman, Snowflake, Marc Benioff, Loeb, Dan Loeb, Theron Mohamed, Steve Marcus Dan Loeb, Activision Blizzard Gap Nike Raytheon, Caesars Entertainment Expedia Ferrari Microsoft


Zoom, Peloton, and other 'stay-at-home' stocks tumble after Moderna's COVID-19 vaccine proves extremely effective

Peloton "Stay-at-home" stocks including Zoom, Etsy, and Peloton tumbled in pre-market trading on Monday after Moderna revealed its COVID-19 vaccine was almost 95% effective in a late-stage trial.Docusign, Wayfair, Fastly, and other stocks that have at least partly benefited from the pandemic also retreated.In contrast, airlines, cruise lines, manufacturers, and other "real economy" stocks jumped as investors wagered the vaccine would allow economies to reopen in a matter of months.Visit...
Tags: Etsy, US, Trends, Netflix, Pfizer, Royal Caribbean, Peloton, Moderna, Theron Mohamed, Etsy Peloton, Peloton Stay, Boeing Ford General Electric


A billionaire investor dubbed 'the next Warren Buffett' just revealed a $400 million bet on Bill Ackman's SPAC

Seth Klarman, founder and president of the Baupost Group. Scott Olsen/Getty Images Seth Klarman's Baupost Group is betting that billionaire investor Bill Ackman and "Moneyball" star Billy Beane can make shrewd acquisitions in the coming months.The billionaire's hedge fund disclosed in a regulatory filing that it held a $400 million stake in Ackman's special-purpose acquisition vehicle or "SPAC," Pershing Square Tontine, at the end of September.Baupost also revealed a $52 million position...
Tags: Europe, UK, Boston, Trends, Warren Buffett, Brad Pitt, Bill Ackman, Boston Red Sox, Michael Lewis, Wall Street Journal, Red Sox, Buffett, SPAC, Pershing Square, Billy Beane, Ackman


Warren Buffett compared himself to Mike Tyson and sold life insurance to the boxing champion

AP Photo/Nati Harnik; Getty Images/Chris Hyde Warren Buffett's Berkshire Hathaway was Mike Tyson's life-insurance provider more than 25 years ago."We insured the life of Mike Tyson for a sum that is large initially and that, fight-by-fight, gradually declines to zero over the next few years," the famed investor said about the boxing champion in his 1995 shareholder letter.Buffett, speaking to a group of college students in 1996, also pointed to Tyson as someone with a lucrative skill in a ...
Tags: London, Trends, Peru, Bangladesh, Mitch McConnell, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Mike Tyson, Biden, Berkshire, Buffett, University Of North Carolina, Lloyd, Nati Harnik, Tyson


Warren Buffett once compared himself to Mike Tyson and sold life insurance to the boxing champion

AP Photo/Nati Harnik; Getty Images/Chris Hyde Warren Buffett's Berkshire Hathaway was Mike Tyson's life-insurance provider more than 25 years ago."We insured the life of Mike Tyson for a sum that is large initially and that, fight-by-fight, gradually declines to zero over the next few years," the famed investor said about the boxing champion in his 1995 shareholder letter.Buffett, speaking to a group of college students in 1996, also pointed to Tyson as someone with a lucrative skill in a ...
Tags: London, Trends, Peru, Bangladesh, Mitch McConnell, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Mike Tyson, Biden, Berkshire, Buffett, University Of North Carolina, Lloyd, Nati Harnik, Tyson


Billionaire investor Bill Ackman likely lost more money on Warren Buffett's Berkshire Hathaway than 'anyone in the world'

Billionaire investor Bill Ackman stomached a 10% loss on his investment in Warren Buffett's Berkshire Hathaway. REUTERS/Shannon Stapleton Bill Ackman discussed his loss-making investment in Warren Buffett's Berkshire Hathaway during a virtual speech at the Sohn Hearts and Minds conference this week, according to the Australian Financial Review."We have probably lost more money in Berkshire than anyone in the world," the billionaire investor and Pershing Square chief said.Pershing Squ...
Tags: Kentucky, US, Trends, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Bill Ackman, Berkshire, Wells Fargo, Buffett, Jpmorgan, Morningstar, Pershing Square, Scripps, Ackman, Dominion Energy


Pfizer's CEO cashed out $5.6 million of stock after trumpeting its COVID-19 vaccine. That's 30% of his total compensation last year

A bank employee counts US dollar notes in this file photo from May 16, 2016. Kham/Reuters Pfizer CEO Albert Bourla raked in more than three times his base salary when he sold about 60% of his stock on Monday, shortly after trumpeting the stellar performance of his company's COVID-19 vaccine in a late-stage trial.The executive sold $5.6 million worth of shares due to "personal financial planning" and as part of a predetermined plan that he authorized in August, Pfizer told Reuters.Bourla's p...
Tags: US, Trends, Pfizer, Securities And Exchange Commission, Albert Bourla, Bourla, Alex Umansky, COVID, Theron Mohamed, Kham Reuters Pfizer, Reuters Bourla, Reuters An analysis of Bourla


Billionaire investor Bill Ackman is hedging the pandemic again after raking in $2.6 billion from a similar bet in the spring

Bill Ackman, the Pershing Square Capital Management CEO and portfolio manager. Reuters / Richard Brian Bill Ackman has insured his Pershing Square hedge fund against a surge in corporate defaults after making $2.6 billion on a similar bet in the spring, according to the Financial Times.The Pershing Square chief placed the wager on Monday after news about a promising COVID-19 vaccine broke, he said at the Financial Times' Dealmakers Conference on Tuesday."What's fascinating is the same bet w...
Tags: Trends, Berkshire Hathaway, Warren Buffett, Bill Ackman, Burger King, Financial Times, Cnbc, Reuters, Pershing Square, Pershing Square Capital Management, Ackman, Restaurant Brands, Hilton Lowe, Theron Mohamed, Richard Brian Bill Ackman, Starbucks Pershing Square


Billionaire investor Bill Ackman is hedging the pandemic again after raking in $2.6 billion from a similar bet in spring

Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. Reuters / Richard Brian Bill Ackman has insured his Pershing Square hedge fund against a surge in corporate defaults, after making $2.6 billion on a similar bet in the spring, according to the Financial Times.The Pershing Square chief placed the wager on Monday after news broke of a promising COVID-19 vaccine, he said at...
Tags: Trends, Berkshire Hathaway, Warren Buffett, Bill Ackman, Burger King, Financial Times, Cnbc, Las Vegas Nevada, Pershing Square, Pershing Square Capital Management, Ackman, Hilton Lowe, Theron Mohamed, Richard Brian Bill Ackman, Starbucks Pershing Square


Warren Buffett's Berkshire Hathaway potentially sold as much as $5 billion of Apple stock last quarter

Lucas Jackson/Reuters Warren Buffett's Berkshire Hathaway potentially cashed out as much as $5 billion of Apple stock last quarter.The billionaire investor's company recently valued its stake in the iPhone maker at $111.7 billion as of September 30, compared to $91.5 billion as of June 30.The disparity suggests it sold about 39 million shares last quarter, based on the price of Apple's shares at the end of both periods.Berkshire's last portfolio update also suggests it has trimmed its larg...
Tags: Apple, Trends, Berkshire Hathaway, Warren Buffett, Morgan Stanley, Berkshire, Buffett, Theron Mohamed, Lucas Jackson Reuters Warren Buffett


Warren Buffett's Berkshire Hathaway scores $10 billion gain on 4 stocks as Pfizer's vaccine sparks market surge

Warren Buffett AP Images Warren Buffett's Berkshire Hathaway racked up a $10 billion gain across the four biggest holdings in its stock portfolio on Monday.The billionaire investor's company gained as much as $3 billion from each of Apple, Bank of America, and American Express, plus another $1.5 billion from its Coca-Cola shares, after news of Pfizer's promising COVID-19 vaccine sparked a broad market rally.Berkshire's bias towards financials, industrials, and consumer goods meant it was...
Tags: Apple, US, Trends, Bank Of America, American Express, Berkshire Hathaway, Warren Buffett, Pfizer, Coca Cola, Berkshire, Wells Fargo, Jpmorgan, Jim Rogers, Apple Berkshire, Theron Mohamed, Apple Bank of America and American Express