Warren Buffett's Berkshire Hathaway Inc. was questioned earlier in the year by U.S. regulators on why the holding company didn't write down $1.86 billion in losses largely from its investments in Kraft Foods Inc. and U.S. Bancorp during the second quarter.
The euro has posted its biggest quarterly gain in eight years, but billionaire investment guru Warren Buffett is worried about Europe's common currency. Despite the E.U.'s trillion-dollar bailout fund, he's not sure the Continent will be able to avert a sovereign debt meltdown.
Berkshire Hathaway CEO Warren Buffett said stock prices are likely to rise faster than bond prices, but that many investors are making the mistake of choosing to buy bonds due to a lack of confidence in the U.S. economy, CNBC reported.
Warren Buffett, widely known as an investment genius, is little noted for his PR skills, yet he's a Teflon titan who attracts little whiff of scandal. He managed to run with ethics-challenged Wall Street icons Salomon Bros. and Goldman Sachs, only to emerge ever richer, with his reputation intact.
Kraft has offered more cash in its proposal to buy Cadbury, but neither Cadbury nor Warren Buffett, Kraft's major shareholder, likes the plan.
