Financials rise; regulators to review JP MorganMarketWatchAmong the Dow Jones Industrial Average's (DJI:DJIA) financial shares, Bank of America Corp (NYSE:BAC) and JP Morgan Chase & Co. (NYSE:JPM) each rose about 1.5%. It's a good time to o…
Tag Archive for Berkshire Hathaway
Money Morning, Must Read
Warren Buffett Stocks: Where the Oracle of Omaha Puts his Money
by Diane Alter • • 0 Comments
Berkshire Hathaway (NYSE: BRK.A, BRK.B) has been on a buying spree, adding a plethora of positions to its storied portfolio of “Warren Buffett stocks.”
Last Wednesday the conglomerate released its stock holdings. Mutual funds and retail investors closely watch the picks to dissect the selections for hints about the company’s tactics. Other simply want to mimic Buffett’s moves.
This quarter Berkshire disclosed new stakes in General Motors (NYSE: GM) and Viacom (Nasdaq: VIAB), larger positions in Wells Fargo (NYSE: WFC) and Wal-Mart Stores (NYSE: WMT), and a small increased position in International Business Machines (NYSE: IBM).
Declining stakes were noted in Kraft Foods (NYSE: KFT) and Procter & Gamble (NYSE: PG).
The Berkshire portfolio ballooned to $89.1 billion on March 31 from $77 billion at the end of 2011. The firm is the largest shareholder in Coca-Cola (NYSE: KO), Wells Fargo and American Express (NYSE: AXP).
The additions come as Buffett and Berkshire Vice Chairman Charlie Munger have tasked former hedge fund managers Todd Combs and Ted Weschler with more investing duties. The two were brought into Berkshire to help oversee investments, as Buffett, Berkshire’s CEO and chairman, transitions the company for his ultimate departure.
The 81-year-old sage acknowledged that he makes Berkshire’s larger bets, while his team of stock pickers is responsible for smaller wagers.
In his widely read shareholder letter in February, Buffett penned, “When our quarterly filings report relatively small holdings, these are not likely to be buys I made but rather holdings denoting purchases by Todd or Ted. They have the brains, judgments and character” to do the job.
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Warren Buffett buys into ‘declining’ newspapers – CNN
by Newswires • • 0 Comments
The GuardianWarren Buffett buys into 'declining' newspapersCNNBy Aaron Smith @CNNMoney May 17, 2012: 12:04 PM ET NEW YORK (CNNMoney) — Warren Buffett's company Berkshire Hathaway announced a deal on Thursday to purchase 63 newspapers from …
Latest Business Headlines
Warren Buffett’s investment firm buys 10 million shares of GM – Detroit Free Press
by Newswires • • 0 Comments
USA TODAYWarren Buffett's investment firm buys 10 million shares of GMDetroit Free PressBy Nathan Bomey Legendary investor Warren Buffett's Berkshire Hathaway disclosed Tuesday that it had acquired 10 million shares of General Motors common sto…
Latest Business Headlines
Berkshire Discloses Stake in GM as Buffett Bets on Stocks – Bloomberg
by Newswires • • 0 Comments
BloombergBerkshire Discloses Stake in GM as Buffett Bets on StocksBloombergWarren Buffett's Berkshire Hathaway Inc. (BRK/A) disclosed a stake in General Motors Co. Buffett's firm had 10 million shares of the automaker on March 31, the Omaha, Ne…
Bears Chat, Best of the Forums, International, Must Read
Warren Buffett on CNBC: ‘Not Clear’ Europe Has Will or Ability to Resolve Crisis
by Bears Chat at The Wall Street Examiner • • 0 Comments
Warren Buffett on CNBC: ‘Not Clear’ Europe Has Will or Ability to Resolve Crisis
Published: Monday, 14 Nov 2011 | 6:18 AM ET
Warren Buffett says it’s not clear Europe has the will or ability to do “whatever it takes” to resolve its debt crisis.
He …
Bears Chat, Best of the Forums
Bankers’ Megalomania and Insanity fueled Housing Bubble
by Bears Chat at The Wall Street Examiner • • 0 Comments
Charles Munger, the vice chairman of Berkshire Hathaway Inc. (BRK/A), said Wall Street and mortgage sellers drove real-estate prices to unsustainable levels through reckless bets.
“The bubble in America was caused by some combination of megalomani…
Bears Chat, Best of the Forums
Why Is Enough Never Enough?
by a Wall Street Examiner • • 0 Comments
As we await the verdict in the insider-trading trial of Raj Rajaratnam, the founder of the Galleon Group hedge fund, the following question comes to mind: Why would people who seem to have it all — wealth, prestige, powerful jobs and infinite acce…
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A World of Leaks and Full Disclosures
by a Wall Street Examiner • • 0 Comments
Here’s a shocking disclosure. Somehow, WikiLeaks got a copy of private memos – diary entries, really – written by David Sokol. As you know, Sokol was the man who was the front-runner to replace Warren Buffett at Berkshire Hathaway. He was also…
Bears Chat, Best of the Forums
“Just the Facts” Doug Noland
by a Wall Street Examiner • • 0 Comments
AsiaTimes
Jan 11, 2011
CREDIT BUBBLE BULLETIN
Just the facts
Commentary and weekly watch by Doug Noland
WEEKLY WATCH
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January 7 – Bloomberg (Tim Catts and Sapna Maheshwari): “Company bond sales in the U.S. reached a record this…