Buffett's $10 Billion Win on Crisis Bets, and 4 More Things You'll Want to Know Today

A Conversation With Warren Buffett And Bank of America CEO Brian Moynihan
Andrew Harrer/Bloomberg via Getty Images
Here's a quick rundown from the world of business and economics this morning: the things you need to know, and some you'll just want to know.

• Warren Buffett's Berkshire Hathaway (BRK-A) has earned $10 billion from the $26 billion it invested in six companies during the depths of the financial meltdown, when credit was too tight for them to get funding through their usual channels, the Wall Street Journal reports. Those profitable buys: Bank of America (BAC), Goldman Sachs (GS), Dow Chemical (DOW), General Electric (GE) Swiss Re, and -- his biggest winner -- candymaker Mars/Wrigley. "An average investor could have done just as well investing in the stock market if they bought during the panic period," Buffett says.

• We all thought the government shutdown was an argument about Obamacare -- because that's what the GOP told us -- but apparently, we were wrong. Speaker of the House John Boehner added a new condition for reopening the government on Sunday. Boehner now says he won't introduce bills to either fund the government or raise the debt ceiling until the Democrats agree to "a serious conversation" about reducing the deficit. He also suggested that the nation is on track to a default, in sharp contrast to his statements late last week that he wouldn't allow that to happen. Stock markets worldwide sank on the news.

• For the first time ever, Japan Airlines has decided to buy some Airbus planes: 31 A350s valued at $9.5 billion. That's bad news for Boeing (BA), which has dominated the Japanese market. Perhaps the move should come as a shock, given that JAL has been the airline most affected by the glitches plaguing Boeing's 787 Dreamliner, which fills the same niche as the A350.

• Nielsen, the measurement service whose ratings are life or death for TV network, has a new innovation up its sleeve: measuring the Twitter traffic connected to shows. No surprise, the number of tweets can diverge wildly for shows with similar numbers of viewers. As the New York Times points out, just 98,600 people tweeted about last month's "Grey's Anatomy" premiere, though 9.3 million watched it. By comparison, 10 million people watched the "Breaking Bad" finale, and 1.2 million tweets were sent about it.

• And finally, in what sounds like an article from The Onion, Google's (GOOG) is attempting to patent a process for splitting the restaurant bill at the end of a meal. (And in fact, it was an article from The Onion, back in 2006. But that doesn't make it any less true today.)

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Frank The Great

U Think Your Children R morE imPorTant Than the AnImals.
nRa anD rEd Plague anD Hunter PIGGGGGGGGGGGGGGGG
which is why America iz IN
END TYME
Christ PlacEd Man Unkind 5 Times b4 and always pUts hIm in the last day of creation.
U CANNOT Handle FREE WILL HUMAN PIGGGGGGGGGGGGGGGGGGGG.
nOw u GET thE
UNFREE
WILL
Of
Satan
AT
NO CHARGE

October 10 2013 at 5:11 PM Report abuse rate up rate down Reply
Frank The Great

In Colorado man UnkINd US nRA PIGGGGGGGGGGGG wInz
Man UnkINd, EVIL Man lOOSeS.
And the teacher aSks the class
whO asks how 2 Kill anImals EthicallY on Earth?
And whO answers that question?
And Johnnie raises hiz hand and sez
SATAN ONLY.
Satan = Red Plague = nRA= Human fEces PIGGGGGGGGGGGGGGGGGGGGGG And THEY cARRIE their pIGGGGGGGGGGGGGGGGS 4 children and Everyone else AloNG.
And the teacher asks Once mOre
And What happens 2 PIGGGGGGGGGGGGGGGGGS in mONtana & Ecolirado, the state of the former uS PIGGGGGGGGGGGGG salamanderzar asks the teacHer?
anD JohnnIe sEZ
NEWZONIA.
U R righT sEZ the Teacher.
Well done Johnnie.
nRA pIGGGGGGGGGGGGG – Bloombergs money not wasted. AssASsinS acRoss America hired 4 YOUR
EXECUTION and R being tracked noW PIGG pREsident of nRA.
WOOD Chipper 4 U and head first US NOT C.

October 10 2013 at 5:10 PM Report abuse rate up rate down Reply
Frank The Great

whAt iS guN cOn Troll?
iZ it wHen cHildrEn aNd humAnZ R muRdErEd dAy afTEr dAy?
whAt Iz Gun Con tRoll?
iZ iT whEn WolvEs & AnimAlz R bUtchErEd aNd mUrdErEd daY afTeR daY?
whAT iZ gUn cOn Troll?
iTz thE freedUmb
4 sAtAn
2 cOnTrOl GunS
in The UniTed StatEs of AmEricA
aNd it
bRIngS hoRRifIc
END TYME evEntZ
4 AmEricA.
whEn U accEpt SaTAn
U gET hIm
in 2011, 201x, 201.
tilT yER hEAd bAck nRa
sticK ouT thAt fOrk PIGGGGGGGGGGGGS TonGUe
boDi oF sAtAn
bOdi of SatAn
bOdI oF sAtAn
ALL
anImalz + humans + EaRTh = exIstEnCe

October 10 2013 at 5:03 PM Report abuse rate up rate down Reply
Frank The Great

And They walked Away
In 2011, 201x, 201 the AnImalz ALL stood 2gether anD held Satans PENIS piStole aImEd aT thE heAD of thE hUman PIGGGGGGGGGG aZ iT iz thE huNtEd 2 B.
aNd theY thEn aLL looKed At EacH oThEr anD dRoppEd 2 TheiR kneeZ anD crIed And HuGgEd EACh OthEr aNd SaId
WE R NOT BettEr thAn This PIGGGGGGGGGGGGGGG
We DO nOT do This to the Creations of ChriSt.
And They thRew sAtAns PENIS 2 the GrounD
anD waLkEd awAy

October 10 2013 at 5:02 PM Report abuse rate up rate down Reply
Frank The Great

Introducing Ernie frum the nRA in Jackal Room #4 and next door in Jackal Room #3 is the Axis of EVIL Man sez the REV.
Take it away Ernie.
Hi Everyone
I’m Ernie frum the nRa. Brought my weapon. My papa taught me a mans rifle or weapon is his real penis. My papa was a smart man and he was right. U can do everything u need 2 with it and never need a wife or my sister. And that’s why I’ve autographed my book each of u gets at your trough entitled: 1000 ways to spank your rifle. Yes Sir. Just like duct tape. Somethin I learned as I aged and u will b aMazed at what u can do out in the field ore at home. Alweeee weee weee sez the TV commercial Pig use anell mustard bfore u put your own in the muzzle and make sure it’s not loaded bcause OWWWWWWWWWWWWW that WILL hurt.
Ask not what you can do 4 your weapon, but ask your weapon 2 do it 4 u.
OK. Next Subject.
In front of U R pictures of Sadaam’s Super Cannon. Remember that? 1 of the NRA’s greatest achievements was sending 100’s of custom parts 2 Sadaam 4 his Cannon. We sure miss him; he was a great customer; and SUPER profits 2. And since the Cannon did not take off as a big hitter in Iraq we R offering it at a “reduced price” HERE at this convenshun 4 everyone and across America 4 self protection. Artilley shells R NOT included.
I ask U NOT America – RU ready 2 protect yourselves frum a Columbine or Russian or Chinese Invasion? The NRA expects BIG sales and we’ll continue to use those profits to keep the parks up where we blow innocent animals away everyday 4 fUn fUn fUn.
Left some new membership enrollment sheets 4 each of you at your troughs.
Spread the word
Just the way
The NRA spreads & mutilates
HUMANS and ANIMALS and WHATEVER LIVES or MOVES
ACROSS THE PLANET and

THAT IS WHY our Master
Satan FLIES HIGH.
Ernie & Out.

October 10 2013 at 5:01 PM Report abuse rate up rate down Reply
RouteUS66Busload

Way to go, Mr. Buffett!

October 08 2013 at 2:21 AM Report abuse rate up rate down Reply
composerr

YEAH, GOOD OLE WARREN BUFFET-THE LOAN SHARK!!

Ye old Democrat, Warren Buffet made about 40% on the loans he made to Goldman-Saks,
Bank of America and others during the Crisis. He showed he had not problem at all in
taking advantage of stockholders of these Companies, and got Userous Interest rates which at
one time would have been criminal to get ,and about what the Mafia charges.

AINT WARREN A FINE OLD DUDE TO TAKE ADVANTAGE OF STOCKHOLDERS AND
THEIR 401 k PLANS WHEN HE HAD A GOOD CHANCE AND SOME MONEY.

FOR SHAME WARREN-YOU SHOULD BE ASHAMED OF YOURSELF FOR NOT
CHARGING ONLY REASONABLE AMOUNTS AT A TIME OF YOUR NATIIONS CRISIS.
bUT THEN YOU ARE A DEMOCRAT AND THAT MAKES IT A LITTLE MORE UNDERSTANDABLE.

An army combat veteran

October 08 2013 at 1:27 AM Report abuse rate up rate down Reply
rkeeeballs

....And I just won a $2 dollar scratch off and my jock itch went away and I found out the baby wasn't mine and my boss didn't
catch me bang'in his girl.....

October 07 2013 at 10:19 PM Report abuse rate up rate down Reply
jktejas

Buffet handed over a great deal of his wealth to the Bill and Melissa Gates Foundation. Now why would he want to contribute more taxes to the government (as many on this board have suggested) anymore than any of us would? At least with the Gates Foundation he has confidence in the manner in which money is handled. How many of us have confidence in the way the government handles our taxes. Warren Buffet has proven more than once that he has an advanced analytical mind in the market, backed up by years of hard earned experience and he invests/speculates with his own or his company's money. I wish he was handling my investments. I am always amused when people crow about whatever petty achievements they may have......but when someone else does it big time.....they will always attribute the greater achievement to dumb luck or being crooked.

October 07 2013 at 8:34 PM Report abuse rate up rate down Reply
1 reply to jktejas's comment
pdbocc

Jktejas,
If you want Waren Buffet to handle your investments simply buy some Berkshire Hathaway series B stock,(BRK.B) It's about $110 a share compared to the over $100,000 a share A series stock. I bought about 3 years ago when it was in the $70 dollar range. Don't plan on selling it for years and years.

October 07 2013 at 9:45 PM Report abuse -1 rate up rate down Reply
Ex Related Shit

How much money does this guy need? I think he is a joke. He is the face of greed.

October 07 2013 at 8:25 PM Report abuse rate up rate down Reply
3 replies to Ex Related Shit's comment