Warren Buffett

  • Bond Insurers, Warren Buffett

    Warren Buffett To The Resuce!

    He’s Warren Buffett, and he’s here to help. This morning Buffett revealed on CNBC’s Squawk Box that he’s extended an offer to tottering bond insurers to provide re-insurance of on up to $800 billion in municipal bonds. The offer does not, of course, cover the more complicated derivative instruments that have been the source of […]

    / Feb 12, 2008 at 8:43 AM
  • Warren Buffett

    Warren Buffett: Chief Lobbyist For The Insurance Industry

    Old man Buffett gets a lot of credit for arguing in favor of the estate tax. We’ve never been able to figure that one out, though. He’s already exempted most of his wealth from the tax by donating it to a charity run by his buddy, Bill Gates. And even if you taxed his estate […]

    / Nov 16, 2007 at 2:04 PM
  • Warren Buffett

    Study Produces Useful Information For People Who Are Idiots

    A new study by Gerald Martin of American University and John Puthenpurackal of (wait for it) the University of Nevada, called “Imitation is the Sincerest Form of Flattery,” has found that if you buy the same stocks as Warren Buffett, you will make a lot of money. It’s a companion piece to an equally groundbreaking […]

    / Nov 16, 2007 at 12:36 PM
  • Warren Buffett

    Warren Buffett Admits To Manufacturing Weapons Of Mass Destruction

    “Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”—Warren Buffett Back in the early days of this century, Warren Buffett faced a rare—although not as rare as some believe—financial setback and public relations disaster when Berkshire Hathaway was forced to shutter its General Reinsurance securities unit, which it […]

    / Nov 5, 2007 at 11:28 AM
  • Warren Buffett

    Warren Buffett Goes To War With Red Sox Nation

    It’s widely known that Jesus roots for the Colorado Rockies. But now they have a much more important fan: legendary investor Warren Buffet, who is cheering on the Rockies because Berkshire Hathaway chain Jordan’s Furniture promised certain customers free furniture if the Red Sox win the World Series. Why Buffett’s Rooting Against the Red Sox […]

    / Oct 25, 2007 at 10:21 AM
  • Berkshire Hathaway, genocide, Warren Buffett

    Warren Buffett Is Either A (pick one):

    MarketWatch’s David Weidner has finally narrowed down the choices and now you must choose between the two: liar or genocidal maniac? Human-rights groups said they were disappointed Darfur didn’t figure into Buffett’s decision. Don’t believe a word of it…If it were all about the profit, Buffett, by his own admission, left money on the table. […]

    / Oct 23, 2007 at 3:17 PM
  • Bear Stearns, Berkshire Hathaway, China, Warren Buffett

    At Least One Subsidiary of Citic Group Does Not Consider Itself Too Good To Be Seen in Public With Bear Stearns

    Though China Citic Bank Corp, the banking unit of China Citic Group, said as recently as Thursday that it hadn’t spoken with Bear Stearns about buying a stake in the awesomely declining Madison Avenue stock, nor did it plan to “in the next three months,” China’s Citic Securities Co., another unit of Citic Group*, agreed […]

    / Oct 22, 2007 at 12:44 PM
  • Berkshire Hathaway, Fox, Warren Buffett

    Buffett Denies Bear Interest, Objectifies PetroChina

    In an interview with Liz Claman’s sweater puppets Thursday on Fox, Warren Buffett rebuffed the rumor that Berkshire Hathaway is considering a stake in Bear Stearns, following Citic’s denial on Thursday of having any desire to purchase shares of the precipitously declining stock. Referring to a New York Times article from last month that claimed […]

    / Oct 19, 2007 at 10:48 AM
  • Berkshire Hathaway, Warren Buffett

    Did This Billboard Get Buffett To Sell PetroChina? The ‘WSJ’ Says Maybe.

    Having cut its stake to 652.9 million shares, down from 2.3 billion at the end of 2006, Berkshire Hathaway now owns less than 5 percent of PetroChina, and won’t be required to file additional updates on stock sales, leading analysts to believe that the rest of it could have been sold already. Some people want […]

    / Oct 12, 2007 at 2:14 PM
  • Berkshire Hathaway, genocide, Going soft, Warren Buffett

    You Know How We Feel About This

    Warren Buffett has once again reduced Berkshire Hathaway’s stake in PetroChina. Are you surprised? You shouldn’t be. This is the sixth time since July that Buffett has sold shares in the oil and gas producer, this time unloading 220.5 million worth about $362 million, at an average price of HK$12.80 each. BRK’s holdings in Petro […]

    / Oct 9, 2007 at 10:31 AM
  • Warren Buffett

    You Say Harem, I Say Whorehouse

    Most of you are too young to remember this, but back in 1974, when I was working at Salomon Brothers, stocks were really undervalued. How undervalued were they? So undervalued that my good friend Warren Buffett once told me they made him feel “like an oversexed guy in a whorehouse.” We were in his office […]

    / Oct 4, 2007 at 2:06 PM
  • genocide, Warren Buffett

    Washing Our Hands Of The Situation

    Warren Buffett has once again—for the fourth time—reduced Berkshire Hathaway’s stake in PetroChina, to 7.99 percent from 8.21 percent. Though he claims it’s just about money, Buffett’s actions are indicative of a desire to distance himself from a company which human rights activists have a problem with because of its investments in the Sudan, a […]

    / Sep 28, 2007 at 3:21 PM
  • Bear Stearns, Warren Buffett

    Is The Warren Buffett-Bear Stearns Story Bullshit?

    Bear Stearns shares shot up over 8% yesterday after reports surfaced that the Wall Street bank in serious talks with Warren E. Buffett about selling the Oracle of Omaha as much as 20 percent of the firm. But is Warren really riding to the Bear’s rescue? We’re skeptical. It’s hardly news that Bear Stearns has […]

    / Sep 27, 2007 at 9:15 AM
  • Bear Stearns, genocide, Warren Buffett

    Somebody Save Warren Buffett From Himself, Bear Stearns

    Warren Buffett’s petition for membership to the egalitarian brotherhood of People Who Are Fucking Nuts has been officially accepted. Last year, he decided that Berkshire Hathaway-owned Geico would not take part in the Caveman sitcom. Last week he reduced his company’s investment in genocide to an embarrassingly trivial 8.93 percent. Today comes the news that […]

    / Sep 26, 2007 at 4:21 PM
  • Berkshire Hathaway, genocide, Going soft, Warren Buffett

    Why Doesn’t Warren Buffett Want To Fund Genocide Anymore?

    For reasons totally lost on us, Warren Buffett has once again scaled back Berkshire Hathaway’s stake in PetroChina. In July, Berk sold holdings in the company worth $27 million. Last week, it was $136 million. And just today, 28 million shares valued at $40 million, reducing BRK’s interest to a paltry 8.93 percent from over […]

    / Sep 20, 2007 at 4:28 PM
  • Warren Buffett

    Reward: One Oreo Blizzard

    In what the Omaha Police Department is calling an attempted “robbery,” a man with a fake gun and camouflage paint on his face tried to enter the home of Warren Buffett last evening, uninvited. Police responded to a radio call about a disturbance at Buffett’s home at around 10:13 p.m. Astrid, WB’s wife, contacted the […]

    / Sep 6, 2007 at 3:00 PM
  • Warren Buffett

    It’s His Special Day!
    Happy Birthday Warren Buffett!

    Despite what many in the business media seem to believe, Warren Buffett did not spring fully formed from the mind of Zeus. He too was born of woman and today the old guy celebrates his 77th birthday. As a gift to him, we’re opening up our special vault of Warren Buffett posts. Some very special […]

    / Aug 30, 2007 at 8:35 AM
  • charity, Warren Buffett

    Warren Buffett Lunch Up Less Than Five Percent

    An Irvine, California based investor won the charity auction for a lunch with Warren Buffett on Friday night. His $650,100 winning was around 4.8% higher than last years winning bid. But year-over-year growth in the bidding has slowed dramatically, perhaps suggesting that the market for lunch with Warren Buffett is maturing or plateauing. Last year’s […]

    / Jul 2, 2007 at 9:07 AM

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