Warren Buffett

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Warren Buffett's Plan for $144B Fortune When He Dies

Howard, Susie, and Peter Buffett will have 10 years to give away money left by dad after he passes

(Newser) - The next generation of Buffetts—Howard, Susie, and Peter—is poised to become one of the most powerful forces in philanthropy when their 94-year-old father, the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away. But it wasn't always going to be that way. Buffett announced...

It's the First Non-Tech US Company Worth $1T

Berkshire Hathway passes milestone days ahead of Warren Buffett's 94th birthday

(Newser) - Berkshire Hathaway hit a major milestone on Wednesday, two days before CEO Warren Buffett's 94th birthday. The company passed $1 trillion in market capitalization, with the price of Class A shares rising to more than $696,000, far more than the cost of the average US home, Quartz reports....

Berkshire Hathaway Sells, Especially Apple Shares

Warren Buffett's conglomerate is now sitting on a record amount of cash

(Newser) - Warren Buffett's company sold almost half its shares in Apple last quarter, ballooning its cash stockpile to a record $276.94 billion. A financial report released Saturday shows that Berkshire Hathaway sold a net $75.5 billion in stocks in the three-month period ending June 30. The accumulation of...

A Warren Buffett 'Mystery' Has Been Solved

His Berkshire Hathaway has scooped up a major stake in Chubb insurance giant, worth about $6.7B

(Newser) - Both CNN and the Wall Street Journal call it a "mystery" that's now been solved: Warren Buffett's Berkshire Hathaway has revealed a major stake that's been kept hush-hush since last year. The outlets report that the investment is in global insurance giant Chubb, and that Buffett'...

Buffett Discusses Losses, Future at Somber Meeting

Berkshire's first gathering since Charlie Munger's death includes succession details

(Newser) - Warren Buffett discussed investments, as usual, in his remarks to Berkshire Hathaway's annual shareholder meeting in Omaha on Saturday. But he also referenced another type of loss, as well as his own mortality, in the first gathering of the company's investors since the death last fall at 99...

Warren Buffett Passes the Baton on His Famed Lunch

The Glide Foundation will auction off a private lunch with Salesforce CEO Marc Benioff

(Newser) - The California homeless charity that received $53 million over the years from investors who wanted a private lunch with billionaire Warren Buffett has found a new business executive to auction off a meal with. The Glide Foundation said Tuesday that it will hold an auction on eBay next month for...

This Year, Buffett Credits His Sister and Charlie Munger
This Year, Buffett
Honors Munger
Feb 24, 2024 12:10 PM CST

This Year, Buffett Honors Munger

Berkshire Hathaway chief tells investors not to expect difference-making acquisitions

(Newser) - Warren Buffett credited his longtime investing partner—the late Charlie Munger—with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisors who urge them to trade...

Warren Buffett's Pocket-Emptying Earns Him a New Honor

He's No. 1 in 'Chronicle of Philanthropy' rankings of charity donations, with a $541.5M gift

(Newser) - The Chronicle of Philanthropy's annual list of the biggest charitable donations from individuals or their foundations totaled more than $3.5 billion in 2023. Four universities received big gifts in 2023, along with four scientific research institutes and a health care system. The other gifts went to a family...

Warren Buffett's Right-Hand Man Dies
Warren Buffett's
Longtime Sidekick Dies
OBITUARY
Nov 28, 2023 5:42 PM CST

Warren Buffett's Longtime Sidekick Dies

Charlie Munger was a month away from turning 100

(Newser) - Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99. Berkshire Hathaway said in a statement that Munger's family told the company that he died Tuesday morning at the hospital just over a month before his 100th...

2 Men's Stock Moves Raise Eyebrows
2 Men's Stock Moves
Raise Eyebrows
Aug 16, 2023 11:15 AM CDT

2 Men's Stock Moves Raise Eyebrows

Michael Burry, Warren Buffett may be betting on a downturn

(Newser) - Do Michael Burry of Big Short fame and Warren Buffett see something we don't? That's the question CNN and others are asking based on SEC filings released Monday. In late June, Burry's Scion Asset Management fund purchased $866 million in put options against a fund that tracks...

Investment Book Fizzled in '91. Today, It's a Cult Classic

Copies of hedge fund manager Seth Klarman's 'Margin of Safety' sell for thousands

(Newser) - The relatively few people who shelled out $25 for a copy of Seth Klarman's investment book Margin of Safety in 1991 were actually making a wise investment at the time—they just didn't know it. As the Wall Street Journal reports, the book flopped, with only 5,000...

Buffett Rips Criticism of Buybacks
Buffett Rips
Criticism of
Buybacks
Feb 25, 2023 1:40 PM CST

Buffett Rips Criticism of Buybacks

Berkshire Hathaway posts quarterly drop in operating profit

(Newser) - Operating earnings are the best way to assess profitability, Warren Buffett says. On Saturday, Berkshire Hathaway released results showing operating profit for the fourth quarter of 2022 was $6.7 billion, almost 8% off third-quarter earnings of $7.8 billion, CNN reports. All told, earnings fell 125% for a loss...

Hurricane Ian Hurts Results for Buffett's Berkshire


Berkshire Posts
Quarterly Loss
Nov 5, 2022 2:10 PM CDT

Berkshire Posts Quarterly Loss

Operating profits climb though results were hurt by rising fuel costs, Hurricane Ian

(Newser) - Despite a strong performance by its businesses in several sectors, Berkshire Hathaway posted a third-quarter loss on Saturday. Warren Buffett's conglomerate announced a net loss of $2.69 billion, the Wall Street Journal reports, following a $10.34 billion profit in the same period last year. Operating earnings, on...

Fall in Stock Prices Hurts Buffett, Too


Berkshire
Hathaway
Posts
$43B Loss
Aug 6, 2022 5:45 PM CDT

Berkshire Hathaway Posts $43B Loss

Buffett's operation feels drop in stock prices

(Newser) - Berkshire Hathaway reported a $43.8 billion second-quarter loss on Saturday, largely driven by the drop in the stock prices of its biggest investments. In the same period last year, Warren Buffett's operation posted a profit of $28.1 billion, the Wall Street Journal reports. Still, Berkshire managed to...

Gates Plans $20B Infusion for Foundation

'The great crises of our time' require everyone to do more, co-founder says

(Newser) - Bill Gates sees a multitude of problems in the world that need to be addressed, so he's setting out a plan for his foundation to tackle many of them—and kicking in $20 billion this month to fund the effort. The co-founder of Microsoft issued a statement Wednesday saying...

Tab for Buffett's Last Charity Lunch: $19M

'It's been nothing but good,' Berkshire Hathaway chairman says of fundraiser

(Newser) - The cost of lunch with Warren Buffett has gone way up. An unidentified bidder won a sit-down with the Berkshire Hathaway chairman at a New York City steakhouse on eBay, for a record $19 million. The money goes to a charity, Glide, that provides meals, health care and legal aid...

Berkshire Invested $51B Last Quarter, Buffett Says


Berkshire
Shareholders
Receive Update
in Person
the rundown
Apr 30, 2022 4:30 PM CDT

Berkshire Shareholders Receive Update in Person

Buffett discusses new investments, inflation

(Newser) - Thousands of Berkshire Hathaway shareholders returned in person Saturday for their annual meeting heard Warren Buffett update them about investments and rail about the widespread harm inflation is doing. The pandemic had prevented the gathering in Omaha for the past two years. After earlier saying that inflation "swindles" equity...

Meet the 10 Richest People in the World

You know many of them already, including Elon Musk at No. 1, per 'Forbes' annual billionaires ranking

(Newser) - If Forbes is trying to make us feel bad for the world's billionaires, it's not really working. The magazine notes that, collectively, this group is now worth $400 billion less than they were a year ago, thanks to the ongoing pandemic, tepid markets, and war—but 1,000...

Buybacks Pay Off for Buffett, Berkshire

Apple investment is working out, too, annual letter to shareholders says

(Newser) - Warren Buffett has made plenty of major acquisitions, but he told shareholders Saturday that he hasn't run across any exciting big deals lately. So he and Vice Chairman Charlie Munger have been putting Berkshire Hathaway's cash to use buying back company shares, he told shareholders in his annual...

Warren Buffett Resigns From Gates Foundation

The other two trustees are getting divorced

(Newser) - Warren Buffett resigned Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure as it deals with the divorce of its two founders . The announcement comes weeks after Bill and Melinda Gates revealed that...

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