Warren Buffett’s Berkshire buys more Occidental shares, raises stake to 16.4%

Warren Buffett’s Berkshire Hathaway plowed another $44 million into Occidental Petroleum, boosting its bet on the oil-and-gas firm to about $9 billion. With the purchase of another 794,389 shares of Occidental Petroleum Corp for about $55.40 each, the conglomerate now holds nearly 16.4% stake in the Houston, Texas-based oil firm. In a regulatory filing, Berkshire … Read more

Warren Buffett, Charlie Munger on Speculation, Bitcoin, Inflation: 12 Quotes

Warren Buffett and Charlie Munger spoke during Berkshire Hathaway’s annual meeting on Saturday. The billionaire investors flagged widespread “gambling” on stocks, and slammed bitcoin as worthless. Buffett and Munger also discussed inflation, Robinhood, the pandemic, and the risks of speaking up. Something is loading. Warren Buffett and Charlie Munger called out the feverish speculation in … Read more

buffett: Warren Buffett deepens insurance exposure with $11.6 billion Alleghany deal

Warren Buffett‘s Berkshire Hathaway has struck an $11.6 billion deal to buy Alleghany Corp, the owner of reinsurer TransRe, just weeks after the 91-year-old billionaire bemoaned the lack of good investment opportunities. Alleghany adds to Berkshire’s already large insurance portfolio, which includes Geico auto insurance, General Re reinsurance and a unit that insures against major … Read more

Warren Buffett’s annual salary has been $100,000 for 40 years. Here’s a look at the billionaire investor’s unique compensation.

Berkshire Hathaway spends triple that amount on his security each year. Buffett owns about $100 billion of Berkshire stock and lives modestly. See more stories on Insider’s business page. Warren Buffett is a legendary investor, leads one of the world’s biggest companies, and has ranked among the world’s wealthiest people for decades. Yet he earns … Read more

Warren Buffett’s cash pile tops record with $149.2 billion on hand

Warren Buffett’s Berkshire Hathaway Inc. now has a record amount of money to put to work. Berkshire’s cash pile hit new heights at $149.2 billion of funds in the third quarter, surpassing a record set in early 2020, the company said in its earnings report Saturday. The fresh high came even as Buffett poured more … Read more

Warren Buffett sees a ‘red hot’ US economy with creeping inflation

“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said. Buffett attributed the faster-than-expected recovery to swift and decisive rescue measures by the Federal Reserve and U.S. … Read more

Warren Buffett slammed SPACs and Robinhood for encouraging gambling on stocks at Berkshire Hathaway’s annual meeting

Warren Buffett criticized SPACs and Robinhood at Berkshire Hathaway’s annual meeting. The investor said they encourage gambling and treating the stock market like a casino. Charlie Munger, Buffett’s right-hand man, damned both trends as well. See more stories on Insider’s business page. Warren Buffett blasted special-purpose acquisition companies (SPACs) and the Robinhood trading app for … Read more

Warren Buffett looks to Japan, takes 5% stakes in five trading companies

Berkshire said it acquired its stakes in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co and Sumitomo Corp over approximately 12 months Berkshire Hathaway Inc said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United … Read more