New Advice from Warren Buffett on Investing

As the world’s top investor, it’s not surprising that people have been searching out investment advice from the great Warren Buffett for years. However, it seems like no matter how hard you look, any searches for Warren Buffett advice on investing tends to come up with the same classic quotes. While there is plenty of good information in those quotes, it’s always exciting to get new thoughts from the Oracle of Omaha.

Warren Buffett, in his 2016 Shareholder Letter, reiterated some of his age-old advice and even offered up some new thoughts and suggestions to anyone looking to better understand not only investing but also his opinions on investing topics. Here is some of the newest advice from Warren Buffett on investing: Continue reading ‘New Advice from Warren Buffett on Investing’ »

Why Buffett Sometimes Breaks His No. 1 Rule of Investing

As the world’s top investor, people are constantly looking to Warren Buffett for advice on how to invest money wisely. While there are literally dozens of quotes on both business and investing, his most quoted relates to his rules of investing:

Rule No. 1: Never lose money
Rule No. 2: Never forget Rule No. 1

However, despite what you might think, even the Oracle of Omaha occasionally breaks this rule and the reason why makes a ton of sense. Continue reading ‘Why Buffett Sometimes Breaks His No. 1 Rule of Investing’ »

Buffett Offers $1 Million Per Year in March Madness Bet

Warren Buffett is called the “Oracle of Omaha” because of his ability to predict stocks and understand businesses. However, this year he’s putting the pressure on Berkshire employees not to predict stocks—but college basketball. Last week, Buffett announced that he would pay $1 million a year for life to the Berkshire employee who successfully picks the Sweet 16 teams of the NCAA tournament in March.

Currently, Berkshire Hathaway employs more than 367,000 people across all of its many companies. In past years, Buffett said that the company had around 85,000 entrants in the pool last year, and this year he’s hoping to break 100,000. Of course, with $1 million per year on the line, it’s probably a safe bet that he’ll hit the mark. Continue reading ‘Buffett Offers $1 Million Per Year in March Madness Bet’ »

Buffett Refuses to Publicly Criticize Trump

During the 2016 presidential election, it was absolutely no secret that Warren Buffett and Donald Trump weren’t exactly on the same page. In fact, Buffett openly criticized Trump during the campaign, challenging him to release his taxes and suggesting he was unfit for the role. Buffett campaigned actively for Hillary Clinton and donated money to her campaign. However, after the election, he publicly said that he would support any president of the United States.

Recently, in an interview on CNBC’s “Squawk Box” Buffett politely refused to offer any opinions or criticisms of President Trump’s actions. Buffett even went so far as to say that he wasn’t interested in engaging in regular criticism of the President. Continue reading ‘Buffett Refuses to Publicly Criticize Trump’ »

Who Influenced Warren Buffett the Most?

When most people think about Warren Buffett, they think about the successful billionaire investor, the Wizard of Omaha and chairman of Berkshire Hathaway. He’s the second richest man in the world with a net worth of around $74 billion and his company had revenues of more than $210 billion in 2016.

But that’s not how he started off. In fact, Warren was much like anyone else and he came from an average, middle class American family. Over the years he built up to the man we all admire today, but not without some help and influence over the years. So, who was the person who influenced young Warren Buffett to become the world’s top investor? It might not be who you think. Continue reading ‘Who Influenced Warren Buffett the Most?’ »

Berkshire Hathaway’s 6 Largest Non-Insurance Companies

Warren Buffett’s Berkshire Hathaway holdings company is one of the largest companies in the world. In addition to holding shares in numerous different companies, Berkshire Hathaway actually owns all or a majority in more than 60 different companies spanning dozens of different industries. While many of its holdings are in the insurance business, there are many others which are just as large (or larger) but often overshadowed by Berkshire’s enormous presence in the insurance and reinsurance industry.

Warren Buffet often refers to these six behemoths as the Powerhouse Six, and while some of them have been a part of Berkshire for years, one was only added in 2016. And, of course, they span across several industries. Here they are, in no particular order: Continue reading ‘Berkshire Hathaway’s 6 Largest Non-Insurance Companies’ »

Buffett Admits Newspapers Are Going Downhill

When most people think of media tycoons in the newspaper industry, people like Rupert Murdoch and Michael Bloomberg probably come to mind. However, what many people don’t realize is that billionaire investor Warren Buffett actually has quite a stake in the newspaper industry. In fact, he owns around 70 daily papers and quite a few other media sources, mostly through his BH Media Group.

Although people have been saying for years that the days of newspaper are numbered, that didn’t seem to phase value investor Buffett. The Oracle of Omaha continued to be bullish on newspapers in 2013, saying “…Charlie and I believe that papers delivering comprehensive and reliable information to tightly-bound communities and having a sensible Internet strategy will remain viable for a long time. ” But, it looks like even Buffett’s eternal optimism has to admit nothing lasts forever. Continue reading ‘Buffett Admits Newspapers Are Going Downhill’ »

5 Things To Learn from Warren Buffett

Warren Buffett is an extremely successful man, and there are plenty of people who look to him for advice on everything from finances to the stock market and even just life in general. While there are literally dozens of different things that you could learn from the Oracle of Omaha, some of it is so specific, it’s really only relevant for investors and business people.

So, for all of you Buffett fans who are not already millionaire investors with oodles of stocks, or teenagers looking for some career advice, here are five lessons that everyone can learn from the Oracle of Omaha, no matter what stage of life you’re currently in. Continue reading ‘5 Things To Learn from Warren Buffett’ »

Bill Gates Reveals What He Thinks Makes Buffett Successful

Warren Buffett is one of the best investors in the world. He routinely excels at picking winning companies and his portfolio often outperforms the S&P 500 by quite a bit. His company, Berkshire Hathaway, is one of the top companies in the country, and Buffett himself has a net worth of around $73 billion. At the time of writing, he is the second richest man in the world, right behind Bill Gates.

In the past, we’ve written about why Warren Buffett is successful, and even outlined some rules for being successful like Warren Buffett. The truth of the matter is that there are a lot of things that go into being successful. However, if anyone knows Warren Buffett’s traits (including what may have led to him becoming the Oracle of Omaha), it would have to be Buffett’s best friend Bill Gates. Continue reading ‘Bill Gates Reveals What He Thinks Makes Buffett Successful’ »

Buffett Isn’t as Frugal as You Think He Is

Warren Buffett is the second richest man in the world with a net worth of more than $73 billion. However, if there is one thing that he’s known for aside from his brilliant investing mind, it’s his supposed frugality. We’ve written the ways in which Buffett is frugal before, and they are many.

For example, Buffett routinely eats at McDonald’s, he still lives in the same house purchased in 1958, and he lacks many of the extravagances of other billionaires his class. He has a jet plane for traveling but in most other ways he’s not all that different from many of us. He doesn’t hire five-star chefs and he drives himself to work. However, he isn’t quite as frugal as you might think. Continue reading ‘Buffett Isn’t as Frugal as You Think He Is’ »