Tag Archive for Warren Buffett

Obama’s Internal Devaluation Causes Income Inequality- Chriss Street

The Obama Administration’s $5.8 trillion of big government deficit spending has caused the United States to suffer an “internal devaluation,” as American worker wages after inflation were forced down in each of the last five years. American competitiveness increased by over 10% due to worker sacrifices, but all the benefits flowed directly to corporate officers and financial speculators. When the President recently lamented, “The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American dream,” he could count on the unwavering support from Warren Buffett, who was the last year’s biggest dollar gainer with a $12.5 billion jackpot.

What Warren Buffett Said at the Berkshire Hathaway Shareholder Meeting – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. About 35,000 people traveled to Nebraska Saturday to hear what Warren Buffett had to say at Berkshire Hathaway shareholder meeting for 2013. One of the most notable guests for the Berkshire (NYSE: BRK.A, BRK.B) chief: the ultimate stock…

What Was the Real Motive Behind Warren Buffett’s Goldman Deal? – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Legendary investor Warren Buffett is set to become one Goldman Sachs Group Inc.’s (NYSE: GS) largest investors without shelling out one penny. Impressive as that is, what’s even more striking is how the guru investor brokered the Goldman…

What Warren Buffett’s Shareholder Letter Tells Us – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Warren Buffett‘s shareholder letter to Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) investors was full of the Oracle of Omaha’s market wisdom and one-liners, plus some hints about what Berkshire will pursue in 2013. Here’s a look at what…

Does the Heinz Deal Mean Warren Buffett Has Become a Doomsday Prepper? Martin Hutchinson- Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. At first sight, Warren Buffett’s deal with the Brazilian-led private equity firm 3G Capital to purchase H.J. Heinz Company (NYSE:HNZ) looks strange. At $28 billion the famed ketchup maker is valued at a rich 23 times earnings, and…

Warren Buffett Stocks: Where the Oracle of Omaha Puts his Money

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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