Investors are worried about a looming US recession and looking for ways to beat it. A few ideas are in vogue. Defensive stocks. Japan. And — Warren Buffett. Finance professionals and retail investors reckon that there is a significant price premium embedded in Berkshire Hathaway Inc.’s shares, betting that the conglomerate will outperform the US … Read more
Investing legend Warren Buffett turned 92 today. The billionaire investor, whose fortune stands at $100.20 billion, is the world’s seventh richest man, as per Forbes. Buffett first invested in stocks on March 11, 1942. On that day, he purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of his … Read more
Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company. Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. Buffett’s … Read more
Warren Buffett’s Berkshire Hathaway Inc has struck an $11.6 billion deal to buy Alleghany Corp, the owner of reinsurer TransRe, just weeks after the 91-year-old billionaire bemoaned the lack of good investment opportunities. Alleghany adds to Berkshire’s already large insurance portfolio, which includes Geico auto insurance, General Re reinsurance and a unit that insures against … Read more
Berkshire Hathaway, the conglomerate run by Warren Buffett, reported $11.7 billion in net earnings in the first quarter on Saturday, swinging to a profit from a $49.7 billion loss a year ago, as the paper value of its investment gains soared. Buffett and Berkshire’s vice chairman, Charlie Munger, appeared upbeat after the earnings report at … Read more
MUMBAI: Legendary investor Charlie Munger of Berkshire Hathaway is not happy with the success of cryptocurrencies like Bitcoin and Ethereum, as he sees them as “contradictory to the development of civilisation.” Cryptocurrency assets such as Bitcoin and Ethereum are now worth more than $2 trillion within just 12 years of their birth. Bitcoin alone today … Read more
OMAHA: Hours before Warren Buffett was set to take the stage at Berkshire Hathaway‘s annual meeting, the company on Saturday reported a nearly $12 billion profit in the first quarter a year after a major loss when the value of its stock investments plummeted because of the coronavirus pandemic. Berkshire Hathaway said it earned $11.7 … Read more
NEW DELHI: Markets the world over are hovering near all-time high levels, betting on the vaccination drive to remove Covid risks and a fresh dose of US stimulus to give global economic growth and financial markets a shot in the arm. But Warren Buffett’s annual letter to Berkshire shareholders last week suggested no big acquisition … Read more
Warren Buffett’s Berkshire Hathaway Inc on Saturday said quarterly operating income rose 14 per cent, aided by improved results from its insurance businesses, while soaring prices of stock holdings such as Apple Inc led to a nearly $36 billion overall profit. Fourth-quarter operating income rose to $5.02 billion, or approximately $3,252 per Class A share, … Read more
By Tim Quinson The makeup of a company’s board, believe it or not, can have a meaningful impact on a company’s performance. For example, companies that have the same person serving as both chairman and chief executive typically report about an 80 basis-point lag in return on assets, according to an analysis by Bloomberg Intelligence. … Read more