“Rule Number One: Never Lose Money. Rule Number Two: Never Forget Rule Number One” As a result of the financial crisis of 2008, Warren Buffett lost about $23 billion personally, and his company, Berkshire Hathaway, lost its AAA credit rating. So how can he tell us not to lose money, then? His point is that…
These 6 Mistakes Cost Me More Than $4 Million
December 17, 2022
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Buffett Sells Chinese Ev Maker Stock 3x This Month
The U.S. defense chief is meeting his Chinese counterpart. We look at what they said about Taiwan. Warren Buffett is selling off more Chinese shares, for the third time this month. The stake comes from China’s biggest electric car maker. The world’s biggest microchip maker is boosting its U.S. production. The Taiwanese company voices plans…
Buffett’s Firm Cuts Stakes US Bank, BYD; Adds Chip Maker
OMAHA, Neb.—Warren Buffett’s company slashed its stake in U.S. Bank’s parent company and also sold shares in Chinese electric car maker BYD in the third quarter, according to regulatory filings Monday. The moves were among several others including a more than $4.1 billion investment in Taiwan Semiconductor that Berkshire Hathaway disclosed in the filings with…
Warren Buffett’s Firm Reports $2.7 Billion Loss on Investment Drop
OMAHA, Neb.—Warren Buffett’s company again reported a loss — this time only $2.7 billion — because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Berkshire Hathaway reported a quarterly loss Saturday of $2.7 billion,…
Buffett’s Conglomerate Closes $11.6 Billion Alleghany Insurance Buy
OMAHA, Neb.—Warren Buffett’s company completed its largest acquisition in years Wednesday with its $11.6 billion purchase of the Alleghany insurance conglomerate. The purchase announced in March will further expand Berkshire’s sizeable insurance operations and add a few more companies to its stable, including a steel fabricator and toy company owned by Alleghany. In many ways,…
5 Investments Likely to Thrive in a Downturn
October 12, 2022
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Whether you’re a business owner or concerned about your personal finances, you’ve likely been tuned in to current news about the economic status of the country. There’s been a lot of talk about recessions and at-risk investments in the past few months. Whether we’re in one, about to enter one, or far away from one,…
Buffett’s Company Buys Nearly 6 Million More Occidental Shares
OMAHA, Neb.—Warren Buffett’s company picked up another $368 million worth of Occidental Petroleum stock this week to give it control of nearly 21 percent of the oil producer. These are the first purchases Berkshire Hathaway has made since regulators gave it approval last month to buy up to 50 percent of Occidental, but since February…
Biden’s New Tax Law Could Pinch Warren Buffett’s Berkshire, Amazon the Most, Says Study
The new 15 percent corporate minimum tax would impact nearly 80 companies with Berkshire Hathaway Inc. and Amazon.com, Inc. paying up the most, according to a study conducted by the University of North Carolina Tax Center, as reported by CNBC. Estimated Payout The study estimated that approximately 78 firms would have been subject to the…
What Warren Buffett Selling BYD Stock Means for Regular Investors
September 11, 2022
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Commentary When Berkshire Hathaway, Warren Buffett’s investment firm, began trimming its stake in Chinese electric car and battery maker BYD, rumors began circulating on what it means for the company, China’s stock market, and ordinary investors following Chinese stocks. But to regular everyday investors who follow Buffett, it means very little. On the surface, the…
Sale of Warren Buffett Portrait Won’t Match $19 Million Lunch Bid
OMAHA, Neb.—The auction of a high-tech portrait of Warren Buffett is unlikely to match the $19 million someone paid earlier this year for a private lunch with the billionaire, but it will still raise a significant amount of money for one of his favorite charities. The top bid for the signed portrait has already topped…
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