Investor Warren Buffett says last year was "subpar" for his company even after posting a 45 percent increase in profit, because the value of Berkshire Hathaway (BRK-A, BRK-B) trailed the overall market.
Warren Buffett said Monday that stocks remain relatively cheap compared to other investments as the economy continues to improve. He also said that the company he heads is prepared to replace him whenever the need arises. The billionaire addressed a variety of topics during an interview on the cable TV network CNBC, two days after his annual letter to the conglomerate's shareholders was released.
Despite the recent calamitous events in Japan, Warren Buffett sees a "buying opportunity" in the country's stocks. Beware of taking his advice, however. If you are investing for a short-term killing, you are likely to be disappointed.
A slight slip in the price of oil allowed Japanese investors to focus attention on positive employment figures out of the U.S., boosting the Nikkei 225 Index by 0.9%. In Hong Kong the Hang Seng also Index added 0.3%, while the Shanghai Composite Index edged down 0.4%.
Berkshire Hathaway expanded its list of potential successors to CEO Warren Buffett to four candidates from three.
Warren Buffett says he will step down as a longtime boardmember of The Washington Post when his term ends in May. But he has no plans to sell Berkshire Hathaway's shares of the company.
In a New York Times op-ed, billionaire investor Warren Buffett expressed gratitude for the U.S.'s swift action: "In this extraordinary emergency, you came through -- and the world would look far different now if you had not."
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.
Among Thursday's top stories for investors: Is the bull market here to stay, some advice for Goldman Sachs, and a look at Buffett's biggest bet.
Some of Friday's best reads for investors from the Internet, including my favorite stock for less than $5, 20 reasons to be optimistic about the economy, and should Michael Burry succeed Warren Buffett?
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Some of the best reads for investors from the internet, including the stocks Warren Buffett owns that have the highest upside potential.
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Great reads for investors from the Internet, including who might succeed Warren Buffett and stocks to buy in the remaining days of 2009.
Warren Buffett dumps more of his Moody's shares. Moody's stock is up by about 5 percent over the last six months, compared with a 25 percent increase in the DJIA, and soon credit-ratings companies may face stricter regulation by Congress.
Suggested reads for investors on the internet: Buffett, Cuban, Paulson