OMAHA, Neb.—Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25 percent of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million. The latest purchases give Berkshire more than…
Warren Buffett’s Firm Buys More Occidental Petroleum and Now Owns More Than 25 Percent of the Oil Producer
BC Ferries Drops All-You-Can-Eat Buffets From Voyages; Launches Customer Survey
Buffet meals on BC Ferries, put on hold during the COVID-19 pandemic, will no longer be available on voyages between the mainland and Vancouver Island. The company says in a statement the all-you-can-eat breakfasts, lunches and dinners with roast beef, salmon and unlimited desserts are money losers and the search is on for something new….
Best Personal Finance Advice for Millionaires From 3 Billionaires
June 3, 2023
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Hitting the million mark, especially if you did it all by yourself, is a huge achievement—both financially and personally. While some people make peace with the millionaire tag, most head towards the next big milestone—becoming a billionaire. However, a lot of people fail to realize that although the difference between a millionaire and a billionaire…
Buffett’s Dairy Queen Sees Taiwan Among Possible New Markets, While Mindful of Geopolitics
Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company’s CEO said, even as geopolitical concerns with China simmer. Owned by Warren Buffett’s Berkshire Hathaway since 1998, the fast-food chain counts China as its second-largest market, operating more than 1,250 stores there out of more than 7,000 worldwide….
Buffett’s Berkshire Posts $35.5 Billion Profit, Buys Back More Stock
OMAHA, Nebraska—Warren Buffett’s Berkshire Hathaway Inc. posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc., while higher investment income and a rebound at car insurer Geico bolstered operating results. Berkshire also sped up repurchases of its own stock, buying back $4.4 billion, while paring its investments in other…
Buffett Says People Shouldn’t Worry About Berkshire, Banks
OMAHA, Neb.—Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he’s no longer around to lead the conglomerate. Buffett said that after Vice Chairman Greg Abel takes over, Berkshire will still follow the same model of allowing its subsidiaries to largely run themselves while looking for other companies to buy with…
Buffett On Buybacks
March 4, 2023
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Commentary Warren Buffett defended stock buybacks in Berkshire Hathaway Inc.’s 2022 Annual Report (pdf), pushing back on those railing against the practice he believes benefits all shareholders. “When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued…
Buffett’s Firm Reports $44 Billion Loss as Portfolio Value Falls
OMAHA, Neb.—Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted and he bought significantly fewer stocks, but Berkshire Hathaway’s many operating companies generally performed well. Berkshire said Saturday that a largely unrealized $53 billion decline in the value of its investments forced it to…
How to Beat Inflation? Warren Buffett Offers These 5 Tips
By Brian Baker From Bankrate.com Warren Buffett has been thinking about inflation for a long time. The legendary 91-year-old investor had the dangers of inflation drilled into him by his Republican Congressman father, according to biographers, and has repeatedly commented on the subject throughout his investing career. “We’re seeing very substantial inflation,” Buffett said at…
How to Beat Inflation? Warren Buffett Offers These 6 Tips
By Brian Baker From Bankrate.com Warren Buffett has been thinking about inflation for a long time. The legendary 91-year-old investor had the dangers of inflation drilled into him by his Republican Congressman father, according to biographers, and has repeatedly commented on the subject throughout his investing career. “We’re seeing very substantial inflation,” Buffett said at…
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