Buffett: Is Berkshire’s Burlington move all about coal?

I had a feeling there was an energy component to the Berkshire Hathaway decision to buy Burlington Northern Santa Fe. And now comes the evidence via coal, a major freight on BNSF’s tracks. But, there is a lot more to this acquisition than just hauling coal. Warren Buffett has been increasing his energy plays in

Buffett buys up Burlington Northern and does 50-1 split at Berkshire

Warren Buffett’s Berkshire Hathaway has been making some very significant moves of late.  Selling of Moody’s shares is one.  But, the latest is sure to cause a stir amongst Buffett watchers because he is definitely making some “bets” on economic recovery with his purchase of Burlington Northern Santa Fe (BNI). It is unclear as yet

Warren Buffett: Wells passes my own stress test

Warren Buffet speaks with CNBC in the lead up to the Berkshire Hathaway Annual Meeting.  He talks a bit about stress tests and Citigroup.  When asked about Wells Fargo, he says he administers his own stress tests and that Wells passes “with flying colors.” He also uses an analogy of a commodities producer selling copper

Berkshire Hathaway Annual Meeting this weekend

Berkshire Hathaway’s Annual Meeting is this coming Saturday 2 May 2009 in Omaha, NE at the Qwest Center (details in pdf here).  Given the financial turmoil and all of the hubaloo around Berkshire’s credit rating, it should be a very interesting affair. In conjunction with the Annual meeting, Berkshire CEO Warren Buffett’s son Peter is

Wells profit forecast is a clear bullish sign

I am still away on Holiday in Mexico but have been checking the news and was not surprised to learn about the recent Wells Fargo announcement. I am coming off the fence here and looking for a bullish outcome on financial services. The bank said profit will be $3bn in the first quarter, thanks to

Warren Buffett on Bloomberg Television

Warren Buffett seems to be making the rounds on television media appearances these days. Last week it was CNBC. This week it is Bloomberg. Below is the video from the first parts of his Bloomberg appearance. Well worth a look

More Warren Buffett on CNBC

Warren Buffett answers questions from viewers on CNBC. He talks about his investment philosophy and recent stock picking performance. He bought ConocoPhillips at the top. And he made poor investments in Irish banks. About Wells Fargo, he says “the spreads are enormous.” And he still likes US Bancorp and defends his S&P 500 derivatives bet.

Warren Buffett: we have to be sure all debt liabilities of Citigroup are met

Warren Buffett spoke with CNBC about the U.S. economy and the banking system in an interview televised this morning. His basic message was that the economy cannot function without confidence in the banking system. The FDIC can work its magic with smaller institutions and that is a good thing. However, some banks are too big

Warren Buffett: Don’t expect miracles from Obama

You may have already seen the Warren Buffett interview on Dateline from last Sunday. In it, he gives a sober analysis of what to expect from the new Obama Administration in terms of economic policy. The long and short of it is that we shouldn’t expect a miracle turnaround. The recession will be deep and protracted regardless of how well Barack Obama’s team deals with economic issues.

Below is the video of Buffett. The transcript is linked as a source

Quote of the day: Warren Buffett

In a recent post I said that I was selectively scanning for value plays at this level. A reader asked me the legitimate question: “Why would anybody buy anything in this market?” Basically, he was questioning my sanity. I am entirely sane — my answer to the question is very simple. When you purchase an

Buffett to invest in General Electric

Warren Buffett is all over the place these days. He was busy investing at Constellation Energy and Goldman Sachs. Now, he’s investing at GE — $3 billion at that. Judging by his market timing approach, it does seem assets are cheap enough that he’s willing to step in and take a risk.But one must note,

Warren Buffett backs Goldman

By now, you have probably heard that Warren Buffett has made his bet and invested billions of dollars in Goldman Sachs. The market reacted positively and Goldman is now trading at near $133 a share (up 6% on the day). While I do see Buffett’s move as a vote of confidence in Goldman, Buffett does