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Buffett’s $40 Billion Bet on Volatility
By Andrew Mickey, Q1 Publishing
Warren Buffett’s track record is unmatched. His recent bullishness on stocks has been unmatched as well. Over the past few weeks, the market has made him pay for being bullish in a bear market.
Whether it’s justified or not, Berkshire Hathaway (NYSE:BRK-A) has finally started to get hit by the sell-off. Yesterday, shares of Buffett’s holding company slid 11% and fell another 12% in early morning trading this morning. The most cited reason from the slide was nervousness over Buffett’s recent $40 billion gamble.
You see, Buffett’s not just buying stocks he likes when they’re undervalued. He’s doing…
21Nov2008 | Q1 Publishing | 0 comments | ContinuedBerkshire Bets on More Corporate Belt-Tightening
By Andrew Mickey, Q1 Publishing
It’s getting tough for everyone. Consumers have led the way downward with a new zest for thriftiness that has plunged retail sales into its first decline in years. And all signs point to we’re still on the downtrend of consumer spending activity.
It’s not just consumers though; corporations are taking their licks too. They’re being forced to pass out more pink slips in a few months than most have in the past decade, advertising budgets have been sharply curtailed, and business investment is dropping as well.
But here’s the thing, all of the corporate fat which has built…
11Nov2008 | Q1 Publishing | Comments Off | ContinuedBerkshire Stake Brings Confidence and Credibility to Top China Electric Carmaker BYD
In a move that underscores the potential of China’s auto market – as well as the viability of so-called “green” technology – investing guru Warren Buffett’s MidAmerican Energy Holding Co. will pay roughly $230 million for a 10% stake in BYD Co. Ltd., a Chinese producer of both cars and specialized batteries.
MidAmerican is 87.4% owned by Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B), which just last week paid $5 billion for a stake in Goldman Sachs Group Inc. (GS). Buffett’s vote of confidence for Goldman was enough to lure skeptical investors back into the treacherous financial services sector and boosted Goldman…
1Oct2008 | Money Morning | Comments Off | ContinuedThe Government’s Financial Crisis Fix-it Plan Sends Stocks Soaring, Though Some Argue There’s no Quick Fix for this Disaster
U.S. stocks rallied the most in six years yesterday (Thursday) – with traders actually cheering the ticker action from the floor of the New York Stock Exchange – on the news that the federal government is taking steps to shore up the unraveling U.S. financial system and end the global credit crisis.
After two straight days of sharp selling, U.S. stocks whipsawed their way to major gains yesterday on investor hopes that federal government moves will halt a global credit crisis so severe that some leading market experts are talking about a depression-like downturn. The blue-chip Dow Jones Industrial Average jumped…
19Sep2008 | Money Morning | Comments Off | ContinuedThe One Warren Buffett Biography Every Investor Should Read, New Bio to Debut
There are scads of books on the market purporting to tell the story of investing guru Warren Buffett. I know, because during my days as a business journalist, I read – or at least perused – almost all of them. And as my lovely wife Robin will tell you, most of those now-dusty tomes still adorn my office shelves at home – along with all the other “research materials” left over from my 20 years as a journalist and author.
But we all know that time is a very precious commodity these days, so please allow me to save some of…
25Aug2008 | Money Morning | Comments Off | Continued
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