Buffett Dropped Fox Stock Right Before O’Reilly Was Fired

Warren Buffett recently earned his nickname of the Oracle of Omaha yet again after dropping shares of Twentieth Century Fox right before news broke of the sexual harassment scandal that has plagued the company and caused the firing of news anchor Bill O’Reilly. Last week, Berkshire Hathaway disclosed that it sold off nearly all of its shares during the first quarter of 2017.

Buffett has stood by several of his more controversial stocks in recent days including Wells Fargo and United Airlines, both of which have had their own various and disastrous problems. However, Buffett is a long term investor and he chose to stick with the companies and weather the storm. With Fox, however, it seems like Buffett’s near precognizance has paid off huge. Continue reading ‘Buffett Dropped Fox Stock Right Before O’Reilly Was Fired’ »

How Does Berkshire Hathaway Earn Money?

Berkshire Hathaway is one of the world’s top companies. It’s on the list of Fortune 500, and it is something that your average American interacts with on a weekly—if not daily—basis, whether or not they realize it. In fact, Berkshire owns more than 60 different companies which make everything from engines to chocolate. But, Berkshire Hathaway doesn’t actually run any of those companies. In fact, Berkshire tends to have a very hands-off sort of management style, where it leaves most of the decisions up to the CEOs of the respective companies.

So, with that in mind, what exactly does Berkshire Hathaway do? How does the company earn the nearly $100 billion that it currently has sitting around in the bank, waiting to be invested in something? As it turns out, it’s actually not as much of a mystery as it might seem. Continue reading ‘How Does Berkshire Hathaway Earn Money?’ »

Buffett’s Simple Investing Strategy Can Be Used For Buying Anything

Warren Buffett is one of the world’s richest men and easily the world’s best investor. We’ve talked before about his criteria for investing and about some of his investing strategies. But, when you look at everything all together, all of Buffett’s wisdom can be broken down into a simple piece of advice that can be applied with basically any purchase: longevity.

Basically, how long has the company been around, and how long will it continue to be around? Here’s what Buffett said during the 2017 Berkshire Hathaway Shareholder’s Meeting when he was asked how he can spot a good investment: Continue reading ‘Buffett’s Simple Investing Strategy Can Be Used For Buying Anything’ »

Two Stocks Buffett Admits He Missed Out On

Warren Buffett, the Oracle of Omaha, is known for his ridiculously accurate foresight when it comes to picking stocks. In fact, he’s beaten the S&P 500 more often than not during the years that he’s been head of Berkshire Hathaway. But, even Warren Buffett makes the occasional mistake.

Recently at the 2017 Berkshire Hathaway Shareholder’s Meeting, Warren Buffett was full of regrets when he admitted that he missed out on two major stocks: Google and Amazon. Both tech stocks Buffett said he had the chance to invest in, but didn’t because he didn’t understand the technology behind them very well. Continue reading ‘Two Stocks Buffett Admits He Missed Out On’ »

Buffett’s Best Advice from the 2017 Shareholder Meeting

Last week was Warren Buffett’s annual 2017 Berkshire Hathaway Shareholder Meeting. During the course of the three-day “Woodstock of Capitalism” Chairman Warren Buffett and Vice Chairman Charlie Munger sat down to conduct an extensive question and answer session. During the session, which lasted around five hours, shareholders asked a variety of questions on everything from stocks to politics and even personal advice.

However, out of all of the questions and answers that were given, there’s easily one topic that stands out above the rest as the most useful piece fo advice given during the weekend. That advice is not to act on market speculations–easily one of the most common mistakes for investors. Continue reading ‘Buffett’s Best Advice from the 2017 Shareholder Meeting’ »

3 Key Lessons for Investors from Berkshire Hathaway’s Annual Meeting

The Berkshire Hathaway Annual Shareholder’s Meeting for 2017 was last weekend. Often called the “Woodstock of Capitalism” the meeting is often filled with not only shopping opportunities and plenty of fun activities for shareholders, but also lots of investment advice from the world’s foremost investor, Warren Buffett, and his right-hand man, Charlie Munger.

Although you can watch the entire Q&A session, including some “halftime” interviews, at Yahoo Finance, there are three key lessons that were reiterated which all investors could learn from: Continue reading ‘3 Key Lessons for Investors from Berkshire Hathaway’s Annual Meeting’ »

Did Buffett Just Change His Mind on Dividends?

If there is one thing that investors need to know about Berkshire Hathaway shares, it is that they shouldn’t expect any kind of dividend. Buffett has been outspoken on the fact that the company has no intention of paying off a dividend and since he took over the company in 1967 the company has only paid out one dividend of $0.10 per share.

However, during the 2017 Berkshire Hathaway Shareholder’s meeting, Buffett made some comments that made it sound like that hard rule might soon be changing. Continue reading ‘Did Buffett Just Change His Mind on Dividends?’ »

Berkshire Hathaway Drops 1/3 of IBM Stakes

Warren Buffett, the CEO of Berkshire Hathaway, has often spoken about how little he knows about technology. But despite that, his company was known to hold major stakes in a couple of tech companies: Apple and IBM. Although the Apple purchase is recent, Buffett has had stock in IBM since 2011, after he began touring the IT departments of the various companies he owned.

However, according to news briefs, Berkshire Hathaway has begun to drop its interest in IBM and sold off around 1/3 of its more than 81 million shares in the first quarter of the year. According to Buffett, despite the company’s attempt to refocus on new technologies like cloud computing, it has simply not done as well as he would have liked. Continue reading ‘Berkshire Hathaway Drops 1/3 of IBM Stakes’ »

5 Best Quotes From the 2017 Berkshire Hathaway Shareholder’s Meeting

Last weekend was the 2017 Annual Berkshire Hathaway Shareholder’s Meeting. During the all-weekend event, Charlie Munger and Warren Buffett spent lots of time talking with shareholders and sharing their thoughts and opinions on everything from the future of Berkshire Hathaway to the current political climate and even some of the various stocks that Berkshire owns.

While there were tons of great quotes from the question and answer sessions with shareholders, here are some of the best ones from both Munger and Buffett throughout the weekend: Continue reading ‘5 Best Quotes From the 2017 Berkshire Hathaway Shareholder’s Meeting’ »

5 Communication Tricks Buffett Uses for Public Speaking

Out of all of the Fortune 500 CEOs, Warren Buffett probably spends more time talking to the media than all of them. Known as the “Oracle of Omaha”, people are constantly turning to Buffett for advice on everything from stocks to business, finances, and even politics. He also frequently engages in discussions and during Berkshire Hathaway Annual Shareholder’s Meetings, he engaged in a 5 hour question and answer session.

In short, Buffett spends a vast amount of his time talking to people. But he wasn’t always comfortable with public speaking. In fact, he used to become so nervous before speaking engagements that he would throw up before even getting up to talk. However, he took a Dale Carnegie course and overcame those fears.

So, to help others suffering from the same public speaking fear as Buffett, here are five communication tricks Buffett frequently uses: Continue reading ‘5 Communication Tricks Buffett Uses for Public Speaking’ »