Berkshire Hathaway

  • buffett bedroom


    Sleep Where (A Young) Warren Buffett Hath Slept

    For a weekend.

    / Mar 18, 2015 at 3:26 PM
  • lloyd blankfein


    Lloyd Blankfein Basically Told Warren Buffett To Suck It

    Paraphrasing, but only slightly.

    / Mar 3, 2015 at 2:16 PM
  • News

    Warren Buffett Is Getting Soft

    For the last several centuries, the Oracle and his trusty sidekick have made a point of eschewing capital-intensive businesses. But like Scotch and warm milk, some things can only be appreciated with age, especially when they are contributing 40% of your net profit.

    / Nov 13, 2014 at 11:00 AM
  • Warren Buffett, Charlie Munger


    Berkshire Hathaway No. 2 Infringes On Warren Buffett’s Territory

    Among the many things Warren Buffett is known for– being an extremely successful investor, (supposedly!) loving Cherry Coke, living in the same house he bought in 1957 for $31,500– one stands out from the crowd: his penchant for mixing folksy business wisdom with aberrant sex fetish. A short list of topics on which Buffett has […]

    / Sep 10, 2014 at 5:55 PM
  • Screen Shot 2014-04-14 at 3.47.24 PM


    This Cinco de Mayo, Take A Bath With Warren Buffett

    Charlie Munger, too.

    / Apr 14, 2014 at 3:49 PM
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    Warren Buffett ThisClose To Offering Up His Pullout Couch In The Den To Berkshire Hathaway Investors

    In a few short weeks from now, Berkshire Hathaway will hold its annual shareholder meeting in Omaha. For many, this is the social event of the year, a chance to buy deeply discounted products owned by the company and a rare opportunity to stand in close proximity to Berkshire CEO Warren Buffett. But for the […]

    / Apr 8, 2014 at 2:22 PM
  • warrenbuffettdairyqueen


    Pay Raise Watch ’14: Warren Buffett, Bill Gates

    Warren Buffett’s Berkshire Hathaway Inc has urged shareholders to vote against a proposal that it consider spending some of its $48.2 billion of cash on a “meaningful” dividend. According to a Berkshire proxy filing on Friday, David Witt, a Cincinnati resident who owns nearly $8,600 of Berkshire stock, will propose the payout at the company’s […]

    / Mar 17, 2014 at 9:30 AM
  • News

    How Many Times Will Todd Combs, Ted Weschler Have To Humiliate Warren Buffett To Prove They Can Run Berkshire?

    The experts aren’t sure, but since the Oracle’s been running the place for 50 years, we’re going to say 50 times.

    / Mar 5, 2014 at 10:30 AM
  • News

    Warren Buffett Proving Pretty Good At Picking Oracles Of The Future

    The Berkshire chief may have lost something on his fastball, but he’s still got a pretty good eye for hot-shot talent.

    / Jan 21, 2014 at 12:08 PM
  • News

    Warren Buffett Made Another $10 Billion

    The Oracle has returned 40% (and counting!) by faithfully following this little proverb:

    / Oct 7, 2013 at 1:32 PM
  • News

    What Did Warren Buffett Buy, Sell Between One-And-A-Half And Four-And-A-Half Months Ago?

    Hint: He may have joined the vast conspiracy against Phil Falcone.

    / Aug 15, 2013 at 5:18 PM
  • warren_buffett_sees_candies


    Opportunity To Man See’s Candy Assembly Line With Warren Buffett, Wrap Chocolate I Love Lucy-Style Has Passed You By

    The CharityBuzz auction benefiting “Communities In Schools of Los Angeles” is over and it’ll be winning bidder Jack Staub who gets to tour the candy factory with the Oracle of Omaha, whose love for See’s peanut brittle, mixed nuts, and licorice nearly rivals the way he feels about Cherry Coke. Better luck next time. [Related, […]

    / Aug 14, 2013 at 7:14 PM
  • News

    Berkshire Hathaway-Treasuries Equivalence Proves Brief

    Warren Buffett bonds are no longer deemed as safe as a T-bills by the sages at Standard & Poor’s.

    / May 16, 2013 at 4:35 PM
  • charliemunger


    Bankers Remind Berkshire Hathaway Vice-Chairman Charlie Munger A Lot Of Your Typical Junkie

    In an interview on CNBC, He said that Cyprus demonstrates, “an old truth, you can’t trust bankers to govern themselves. A banker who’s allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it, if the civilization doesn’t have rules that prevent […]

    / May 3, 2013 at 5:50 PM
  • Now I will sing the background of the merger to you


    Heinz Put A Lot Of Thought Into What Would Happen If Warren Buffett Ran Out Of Money

    Classically, the “Background of the Merger” section of a merger proxy is where you get the fun details of how the deal came to be, from which you can perhaps extract a sense of whether or not the deal is a good one for shareholders. But it’s written by lawyers so sometimes their idea of […]

    / Mar 5, 2013 at 1:55 PM


    Warren Buffett Levers His Own LBO

    The new hotness appears to be large cash-rich companies directly providing subordinated financing for big LBOs. Microsoft bound itself to Dell via sub debt in its LBO, and now Warren Buffett’s Berkshire Hathaway is doing a very odd LBO of H.J. Heinz with Brazilian private equity firm 3G Capital. Heinz’s announcement of the merger is […]

    / Feb 14, 2013 at 6:42 PM
  • davidsokol


    Former Berkshire Hathaway Executive Has Only The Nicest Things To Say About Warren Buffett

    On March 30, 2011, Warren Buffett penned an open letter expressing support for his former lieutenant, David Sokol, whose trading activities had been called into question. “Neither Dave nor I feel his Lubrizol purchases were in any way unlawful,” Buffett wrote. Then, a month later, he told shareholders and reporters gathered at the BKR annual meeting in Omaha that, actually, Sokol was a degenerate bum; a piece of garbage that needed to be taken out, lest it stink up the place. (Actual words: “inexcusable,” “inexplicable,” in violation of “the company’s insider-trading rules and code of ethics.” Buffett added that Berkshire “had turned over some very damning evidence” re: Sokol to the Securities and Exchange Commission, to boot.)

    Though Sokol did not publicly respond to the comments at the time, they presumably stung quite a bit, since having your unassailable ex-boss basically call you a lowlife does not do wonders for the reputation. Now, a year later, after being informed that the SEC would not be taking action against him, is he in a Zen place about life in general and Buffett’s words specifically? Are the two men cool? Could Sokol see them being friends again one day? At the very least, is he ready to laugh about them? Yes, yes he is.

    / Jan 7, 2013 at 11:56 AM
  • a lament


    SEC: It’s Not Like Warren Buffett’s Right-Hand Man, Who Was In Charge Of Finding Companies To Acquire, Had Any Unusual Insight Into What Companies Warren Buffett Might Acquire

    The SEC probably came to the right decision in not taking any action against David Sokol but he’s still a delightful insider trading puzzle. Sokol, you’ll recall, is a former Berkshire Hathaway executive and Warren Buffett heir presumptive who was fired because he bought $10mm of Lubrizol stock, then pitched the company to Buffett without […]

    / Jan 4, 2013 at 11:09 AM
  • I feel like I wouldn't know this was him if not for the name tag.


    Warren Buffett Bought Some Stock

    I’ve always been fond of Warren Buffett’s schtick of being an adorable Cherry-Coke-drinking grandfather whose fuzzy sweaters hide some sharp elbows, talking up old-timey value investing while making his money on distressed sweetheart deals, and railing against derivatives while doing lots of shady ones. So I’m pleased that today he basically announced “we bought back […]

    / Dec 12, 2012 at 4:51 PM
  • Buffett vs. Robo-Buffett. This is Figure 3, Panel B, of the paper, *ever-so-slightly* modified.


    Cliff Asness’s Staff Built Him A Robot Warren Buffett

    Do you want to invest like Warren Buffett? Sure you do. You know who will tell you how? Strangely, some guys at AQR:* [W]e create a portfolio that tracks Buffett’s market exposure and active stock-selection themes, leveraged to the same active risk as Berkshire. We find that this systematic Buffett-style portfolio performs comparably to Berkshire […]

    / Aug 20, 2012 at 6:02 PM
  • News

    Guy Whose Entire Persona Is Built Around Loving Cherry Coke Can’t Even Pick Cherry Coke Out Of A Lineup

    Buffett said in the letter that he was looking for someone who was emotionally stable, could avoid serious risks, think independently and read human behavior. He also tried to reassure shareholders that he was in excellent health: “It’s amazing what Cherry Coke and hamburgers will do for a fellow.”New York Times, March 9, 2007

    “The Economic Club of Washington rolled out a special head table — and laid in a special soft drink supply — at the Marriott Wardman Park in the District last Tuesday for the club’s 25th anniversary, where it hosted billionaire investor Warren Buffett…Economic Club Executive Director Mary Brady said she was advised by Buffett’s assistant, Debbie Bosanek, to keep things moving and find a supply of Cherry Coke (Buffett loves it…The Marriott Wardman Park, which is a Pepsi venue, made a special exception.”Washington Post, June 10, 2012

    For six months, as the credit crisis deepened, billionaire investor Warren Buffett turned away a string of Wall Street firms that came hat in hand looking for help. On Tuesday, Mr. Buffett says, he was sitting with his feet on his desk in Omaha, drinking a Cherry Coke and munching on mixed nuts, when he got an unusually candid call from a Goldman Sachs investment banker. Tell us what kind of investment you’d consider making in Goldman, the banker urged him, and the firm would try to hammer out a deal.Wall Street Journal, September 25, 2008

    David Rolfe, chief investment officer of Wedgewood Partners, which owns Berkshire stock, said the cancer was a non-news event. “I’m more worried about him getting hit by the Cherry Coke truck,” Rolfe said, a reference to Buffett’s professed love of the Coca-Cola product.Deal Journal, April 18, 2012

    Whenever I lost track of Buffett, [Cherry] Coke often appeared to guide me–a carbonated version of the proverbial trail of crumbs. In London, our party went from airport to hotel in separate cars. When I arrived at the Berkeley Hotel, I did not have to wonder for long whether Buffett had preceded me. A bellhop approached with a shopping bag. ”Is this yours?” he asked. Inside were two six-packs of Cherry Coke. Two days later, I was in the crowded lobby of the Schlosshotel Kronberg near Frankfurt, following a white-gloved waiter bearing aloft a single bottle of Coca-Cola on a silver tray.BusinessWeek, June 5, 1999

    The above is but a mere sampling, a drop in the bucket, of articles printed over the years intended to show us how much Berkshire Hathaway CEO Warren Buffett loves Cherry Coke. That it is his exclusive soft drink of choice. That he spurns all others in its favor. That he bathes in it. That he pisses it. That he bleeds not blood, but Cherry Coke. That the mere suggestion of drinking something that is not Cherry Coke makes him sick. That the notion he wouldn’t be able to tell the difference between Cherry Coke- his lifeblood- and, say, Diet Dr. Pepper or Pepsi Wild Cherry, would be laughable. And then this happened:

    The takeaway here is that we’ve all been pawns an an extremely sick game.

    Warren Buffett Fails the Cherry Coke Taste Test [BloombergTV]

    / Jul 17, 2012 at 3:31 PM
  • News

    Go Pitch Your Money Management Skills Elsewhere, Warren Buffett Is All Stocked Up Here

    …Although Warren Buffett hired the hedge fund manager who won the last two private lunches with him that are part of an annual auction, he doesn’t expect the event to become a recruiting tool for Berkshire Hathaway. Rather, Buffett says it’s miraculous that he found one of Berkshire’s two new investment managers through the lunch. […]

    / Jun 4, 2012 at 12:25 PM
  • News

    This Is Warren Buffett Telling A CNBC Anchor How Difficult It’s Been To Bang The Guy’s Wife

    As some of you may have noticed over the years, Warren Buffett has carved out a pretty unique niche for himself in using analogies about whorehouses, porn shops, one-night stands, taking Viagra, fondling inanimate objects (or simply laying the ground work to do so) when discussing business. Regardless of the topic, no matter the setting, he’s prepared to go out of his way marry aberrant sex fetish with folksy business wisdom. So naturally, when asked by Andrew Ross Sorkin on Squawk Box this morning if a $22 billion acquisition by Berkshire Hathway that didn’t pan out earlier this year might happen at some point in the future, Buffett told the gang “It’s always possible. When a girl hangs up on me, I try again,” rather than “Sure,” or “Yeah, anything can happen,” or “Never say never, Andy.” At this point, the anchors could have moved on but Joe Kernen saw an opening for a little repartee and went for it, not realizing that he was dealing with a professional.


    / May 7, 2012 at 3:02 PM
  • News

    Here’s A Thing Charlie Munger Said

    “I think gold is a great thing to sew in to your garments if you’re a Jewish family in Vienna in 1939 but I think civilized people don’t buy gold.” [CNBC via BI]

    / May 4, 2012 at 3:48 PM
  • News

    Warren Buffett Has Cancer

    From a letter to Berkshire Hathaway shareholders:

    / Apr 17, 2012 at 5:26 PM
  • warren_buffett 2


    Warren Buffett Is Just Daring You To Drive Down The Price Of BRK/A

    Every year starting in around late December and continuing until around this time, I found myself at the end of each day hoping that the S&P had gone down. Rooting against GS, of course, made obvious sense, but I was also keenly aware that I was soon going to be buying a whole lot – […]

    / Feb 27, 2012 at 6:02 PM
  • warren_buffett


    [Voice in the control room] Ask Him To Give Us His Stock Picks For That Scenario

    CNBC: You’re very optimistic about the future not only of this country but also of the stock market. If you have a list of worries, what’s at the top of that list? Buffett: Nuclear, chemical, and biological attacks. Whether by government or some rogue group. That will happen some day in our future and it […]

    / Feb 27, 2012 at 12:35 PM
  • News

    Don’t Think He Hasn’t Tried

    In addition to being known as one of the most loved and revered businessmen- some would say- ever, a savvy investor and a lover of Cherry Coke, Buffett is known for one thing above all else– going out of his way to awkwardly marry aberrant sex fetish with folksy business wisdom. Some of his greatest […]

    / Feb 9, 2012 at 6:31 PM

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