How are your retirement investments doing these days? For many people, that’s a loaded question. U.S. markets are up more than 100 percent from their 2009 lows, yet many investors are not thrilled by their returns. That’s quite telling and suggests that someone is doing something wrong. Read full article > >
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The mutual funds and managers to avoid
Billionaire investor Warren Buffett says he has been diagnosed with stage one prostate cancer, but that his condition is not life-threatening.
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Buffett has early prostate cancer
Remember derivatives? The financial products that Warren Buffett compared to weapons of mass destruction? The ones that were at the heart of the financial crisis? Well, they’ve been doing just fine. As recently as last spring, banks were increasing their derivatives’ holdings. But that may be changing. In the second half of 2011, the total value of derivatives contracts by insured U.S. commercial declined by 0.6 percent—the “first year-over-year decline on record,” according to the Office of the Comptroller of the Currency. The decline continued through the last quarter of 2011, when the notional value of derivatives experienced the biggest drop-off in history, falling by $17 trillion. Read full article > >
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Is Wall Street already shrinking?
You’ve probably never heard of Pattie Sellers. But Warren Buffett has. And so have Sheryl Sandberg, Oprah Winfrey and Indra Nooyi. It’s an enviable list, really. They’re among the many who’ve joined Sellers at the Most Powerful Women summit. This year, from a slightly raised stage, she looks out once more across table upon table of some of the world’s most prominent female executives, artists and philanthropists. It’s the opening dinner of Fortune magazine’s annual summit on a surprisingly chilly October evening on the Southern California coastline. The 400-plus guests sit under a big, white tent on a cliff perched over the gray, choppy Pacific. Inside, the Ritz-Carlton has pulled off something that looks a lot like prom: purple sequined tablecloths and settings of pink roses illuminated by purple and pink floodlights. Read full article > >
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The Rolodex that redefined power
Warren Buffett, one of the world’s most successful investors, reveals he has built a 5.4% stake in IBM after years of avoiding tech stocks.
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Buffett buys $10.7bn stake in IBM
Bank of America, seeking to snap this year’s stock plunge, will pay billionaire Warren Buffett $300 million a year to do what he did for Goldman Sachs during the credit crisis: bolster confidence. The $5 billion sale of preferred equity, which initially sent the shares up 26 percent, may improve investor perceptions without meaningfully affecting the source of their concern, the bank’s capital, analysts said. The deal gives Buffett’s Berkshire Hathaway warrants — or the right to buy stock at a specific price — that could make it the lender’s largest stockholder. Read full article > >
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Buffett bolsters Bank of America
In Sunday’s New York Times, Warren Buffett discusses the need to raise taxes on the wealthy. He’s absolutely right. Tax increases, in general — as well as tax increases on the wealthiest households, in particular — need to be a part of the solution.
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Opinion: Buffett is right
Harsh words from the Oracle of Omaha. Berkshire Hathaway founder Warren Buffett called the ethically dubious stock purchases of his former top aid David Sokol “inexplicable and inexcusable,” though he took some responsibility himself for the…
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Buffett: Sokol’s Purchases ‘Inexcusable’
OMAHA — Berkshire Hathaway’s annual meeting Saturday was dominated by somber topics as CEO Warren Buffett explained to about 40,000 shareholders how the company had been battered by a trusted former employee’s misdeeds and a string of natural disasters.
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Warren Buffett: Berkshire Hathaway can recover from $1.7 billion in losses
US billionaire investor Warren Buffett faces tough questions from Berkshire Hathaway shareholders about a top executive’s resignation.
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Buffett admits ‘mistake’ on Sokol
Radiation in Japan, bus-stop attack in Israel, Warren Buffett in India and more.
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Radiation in Japan, bus-stop attack in Israel, Warren Buffett in India and more in the day in photos
Billionaire investor Warren Buffett makes his first trip to India as he seeks investment opportunities in Asia.
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Buffett makes first trip to India
US billionaire investor Warren Buffett urges Americans to ignore “prophets of doom”, and says he believes the country’s “best days lie ahead”.
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Buffett upbeat over future of US
The billionaire investor is leaving his long-held position, but Berkshire Hathaway showed no signs of selling its stake.
Slate has released its annual ranking of 80 of the world’s most powerful people over 80 years old. New to the top 10 of the 80 Over 80: Warren Buffett, George Soros, Clint Eastwood. Thomas S. Monson, 83, the president of the Mormon Church and as such…
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The Most Powerful Octogenarians
Warren Buffett: Berkshire Hathaway can recover from $1.7 billion in losses
Sunday, May 1st, 2011Radiation in Japan, bus-stop attack in Israel, Warren Buffett in India and more in the day in photos
Wednesday, March 23rd, 2011
