Although Warren Buffett is frequently called ‘frugal’ the truth of the matter is that Buffett is a man of simple tastes. His home in Omaha, Nebraska, for example, was purchased for $31,500 in 1958 ($265,000 today). However, what most people don’t realize is that Buffett also owned a beach house in Laguna Beach which he and his family used as a family retreat. And now, you can own it yourself, if you have the cash.
As it turns out, Buffett has decided to sell the vacation home, stating that his family doesn’t really use it much since his wife Susan passed away in 2004. The home, which is not on the beach but does offer views of the ocean, is listed at $11 million. Continue reading ‘Buffett Puts His Laguna Beach House Up For Sale’ »
Warren Buffett is known for his folksy wisdom and he frequently will make analogies and jokes (often dirty ones) in order to better explain investment, business, and financial things. It’s just sort of who he is, and it’s expected from the Oracle of Omaha. However, yesterday the chairman of Berkshire Hathaway landed himself in hot water when he compared women giving mixed signals to the Unilever deal that fell through last week.
The story was told to a reporter during a CNBC interview on Monday. In the interview, reporter Betty Quick asked Buffett why the possible merger between Kraft Heinz and Unilever fell through so quickly, and what could be done. Buffett’s answer is lengthy, and he ultimately said the deal failure was the result of Unilever’s executive being too polite and even noncommittal. Then, in typical Buffett style, he told the following story: Continue reading ‘Buffett Sparks Controversy With Sexist Analogy’ »
Warren Buffett is the top investor in the world and one of the richest men in the world. He is well-known for incredible foresight when choosing stocks and companies and investors everywhere watch his moves carefully in order to try and learn from him. So, it’s absolutely no surprise that Buffett’s investment advice is among the most sought-after investing advice in the world.
However, while there are hundreds of questions that most people would probably like to ask Warren Buffett if they could get a private interview, there really is only one piece of advice that you really need from the Oracle of Omaha. In fact, in his 2016 shareholder letter, Buffett discussed what his most-given piece of advice is, and it might surprise you. Continue reading ‘The Only Investment Advice You Need from Warren Buffett’ »
Since Warren Buffett took over the management of Berkshire Hathaway in 1965, he has written an Annual Shareholder Letter outlining the progress of the company, setting goals, and discussing the culture and methodology of Berkshire Hathaway. And, while a good portion of each letter is devoted to a rundown of numbers for Berkshire Hathaway, scattered throughout each article is quite a bit of Buffett’s down-to-earth mentality and some fantastic financial advice.
In this series, I’m going to go through and highlight some of the best letters from 1965 through the present. There won’t really be that much of an order, and we won’t do every year, but inside you’ll find not only an interesting insight into Berkshire Hathaway, but also history and the mind of the Oracle of Omaha himself.
Today, we’re going to take a look at the Shareholder Letter from 2016, which was released Feb 25. But first, we’ll get some background on how Berkshire Hathaway fared that year. Continue reading ‘Berkshire Hathaway Shareholder Letter Highlights: 2016’ »
Warren Buffett is known for three things: his vast amounts of money, his folksy, down-to-earth mannerisms, and his investing genius. After all, he isn’t called the “Oracle of Omaha” for nothing.
But, to anyone familiar with the Oracle of Omaha, it’s also extremely obvious that Buffett has quite a good sense of humor. Here are some of Buffett’s funniest and best jokes and quips, collected over the years: Continue reading ‘Warren Buffett’s Best Jokes’ »
Warren Buffett, the chairman of Berkshire Hathaway, is not only the world’s top investor, but also one of the most influential people in the financial world. Wall Street gurus are constantly watching what Buffet does so they can emulate him, hoping for a tiny bit of the same success. Every time that Berkshire Hathaway changes its portfolio around, there is a rush of articles title things like “Buffett Bought (some stock). Should You?”. Analyists go into overdrive trying to interpret the decisions of the Oracle of Omaha, and investors begin looking closer at each of Buffett’s decisions.
In short, in the aftermath of that flurry of emulation, stocks that Buffett buys tend to go up while stocks he sells tend to go down. This is commonly known as the ‘Buffett Effect.’ Continue reading ‘What is the ‘Buffett Effect’?’ »
Warren Buffett heads one of the most successful and largest companies in the country: Berkshire Hathaway. This holding organization has gone through its share of ups and downs financially, but one place where the holdings company has always excelled is in the stock market. In fact, Berkshire Hathaway’s stocks are among the most expensive in the world—
At the time of writing, Berkshire Hathaway stocks are valued at around $250,000 each. To put that in a bit of perspective, the average stock price for an S&P 500 is around $65. Some share cost only a few dollars per share while companies like Berkshire Hathaway go for six figures each. So why does it cost so much? Well, that’s because unlike other companies, Berkshire Hathaway has never split its stock—or has it? Continue reading ‘When Will Berkshire Hathaway Split its Stock?’ »
Last quarter, Warren Buffett’s Berkshire Hathaway purchased a ton of new stocks. Around $12 billion, in fact, and ever since Buffett told analysts that figure, everyone has been scrambling to try and guess what moves Berkshire has made since the Trump administration took office in November. However, now SEC filings have finally shown where Buffett has placed his bets.
It is worth noting that it is impossible to tell if these investment decisions were made by Buffett himself, or simply by one of his several investors simply by looking at the SEC filings. However, it’s probably safe to assume that much of the changes were approved by Buffett, although he has said on multiple occasions that he doesn’t really monitor his managers that much. Additionally, it is difficult to really
So, without further ado, we’ll take a look at the things Buffett bought and sold in the last quarter of 2016. Continue reading ‘What Did Warren Buffett Buy Last Quarter?’ »
After the death of his wife Susan in 2006, Warren Buffett donated the bulk of his fortune to five different charities around the globe. Among those five charities was the Bill and Melinda Gates foundation, which focuses on world issues including education, world health, and poverty. According to the foundation, the total donated sum was $30 billion.
It has been ten years since Buffett’s tremendous gift, and in December, Buffett wrote to Bill and Melinda Gates and asked them to reflect on their foundation in this year’s annual letter. In his letter, he states that reflection is often the best way to help see a clear way forward, and taking the time to review how to measure success for the foundation and what progress is made will greatly help people better understand the issues and the importance of the work. Continue reading ‘Read Bill and Melinda Gates’ Letter To Warren Buffett’ »
Warren Buffett is a fascinating man. He took the then-failing company Berkshire Hathaway and within a few decades turned it into a multi-billion dollar holding company. The success of Berkshire Hathaway catapulted Buffett to becoming one of the world’s richest men—second, in fact. At any given time he has around $70 billion to his name, but that vast wealth doesn’t come without some fantastic business and financial sense.
Although it might not seem like it, many of Buffett’s money habits can translate to just about anyone—no matter how rich or poor. While the list of things that could be learned from Warren Buffett is long, here are seven of his smart money habits that everyone could stand to emulate: Continue reading ‘7 Smart Money Habits Learned from Warren Buffett’ »