At the end of next month, many investors will look back at a "lost decade" marked by multiple financial crises, poor overall stock market performance, and periodic revelations of serious incompetence reaching the highest levels of corporate America. Investors can ...
Ken Auletta is apparently a brave author given his willingness to write about a story where the ending is still very much unfinished in Googled: The End of the World as We Know It. Mr. Auletta provides a great deal ...
NetJets has had management turnover with the abrupt resignation of Richard Santulli in August which was followed by David Sokol assuming the Chairman and CEO roles. Mr. Sokol has also been mentioned as a potential future CEO at Berkshire Hathaway ...
Warren Buffett met with students from Rice University's graduate school of business yesterday. Each year, Mr. Buffett meets with several groups of business students and provides advice on business and investing topics. According to an article in the Houston Chronicle, ...
Extended warranties are very lucrative add-on products that many people opt for when buying a car. In most cases, such warranties are very bad deals for consumers. Caveat Emptor ...
In the CNBC video recorded today and shown below, American Express CEO Ken Chenault comments on credit conditions at American Express as well as broader issues associated with consumer spending. As we have noted in the past, economic recovery will ...
During the third quarter, Berkshire made further purchases of Exxon Mobil and also initiated positions in Nestle, Republic Services, and The Travelers Companies. Berkshire closed out positions in the Eaton Corporation and Wabco Holdings while reducing its stake in Conoco ...
Warren Buffett has commented on the massive “greenback emissions” and the tendency of politicians for favor monetizing debt rather than imposing more obvious choices such as tax increases or spending cuts. Gary Shilling, President of A. Gary Shilling & Co ...
Jason Zweig, author of the Wall Street Journal's Intelligent Investor column, wrote an interesting article regarding confirmation bias for today's paper. Confirmation bias refers to the tendency of individuals to seek out information that confirms preconceived opinions or ideas. This ...
I had the opportunity to listen to a live webcast of a talk given by Chick-Fil-A founder and Chairman Truett Cathy this afternoon at the National Press Club. Chick-fil-A President and CEO Dan Cathy, Truett Cathy's son, also appeared at ...
Warren Buffett and Bill Gates appeared at Columbia Business School yesterday and answered questions from students for over an hour. The full video is provided below and a transcript has been posted documenting the full session. Read this article for ...
The drama associated with Kraft's hostile takeover bid for Cadbury has been widely reported in recent weeks. With Kraft's decision earlier this week to make a formal bid that did not sweeten the terms of the original offer, it appears ...
Insurance underwriters spend much of their time estimating various risks and setting premium rates at a level that will result in acceptable levels of underwriting profitability. One of the fascinating aspects of insurance is that premium rates may not always ...
I recently took up the game of bridge after several years of procrastination. I will admit that one of the main reasons that I developed an interest in the game is because Warren Buffett is well known for being addicted ...
As the Financial Times reported today, inflation expectations in the United States and the UK have been reaching levels not seen since late last year. In the case of the United States, implied inflation expectations appear to be pushing past ...
Wesco Financial Corporation reported results for the third quarter yesterday. The company issued a press release and filed the 10-Q report with the SEC. Wesco Financial is a publicly traded 80% owned subsidiary of Berkshire Hathaway. Berkshire Hathaway also released ...
Berkshire Hathaway reported results for the third quarter following the close of trading today. Operating earnings per share were nearly flat at $1,325 per A share, down slightly from $1,335 in the third quarter of 2008. Operating earnings per share ...
Fortune Magazine has named Apple CEO Steve Jobs as "CEO of the Decade". There is no denying the fact that Apple has delivered for shareholders over the past decade. As the Fortune article states, Apple's market capitalization has risen from ...
Many Berkshire Hathaway shareholders and other observers have been speculating that plans to split the company's Class B shares 50-for-1 may result in Standard & Poor's adding Berkshire to the S&P 500. Standard & Poor's maintains criteria related to trading ...
We are always interested in listening to the views of Bruce Berkowitz of The Fairholme Fund. In this interview recorded this evening for the PBS Nightly Business Report, Mr. Berkowitz comments on a number of his holdings, including Berkshire Hathaway ...