Does Warren Buffett Approve of Social Security?

As one of the top five richest men in the world, Warren Buffett will never have to want for money. At the time of writing, his net worth (of which the majority rests in Berkshire Hathaway) is around $70 billion and he is surprisingly spry at 86 years old. So, as someone who made most of his fortune on the cusp of the age where most people retire and settle down, how does Warren Buffett feel about social security?

Anyone who knows anything about Buffett knows that the multi-billionaire is a philanthropist and he has even pledged to give away the majority of his fortune before or upon his death. So, unsurprisingly, he’s in favor of the idea—with a few conditions. Continue reading ‘Does Warren Buffett Approve of Social Security?’ »

Should Buffett Sell Coca-Cola?

Warren Buffett owns about 9% of Coca-Cola, that’s 400 million shares, and famously it’s one of his favorite stocks. He made Cherry Coke the official drink of Berkshire Hathaway’s annual shareholder meeting and has been quoted saying that he’s about one-quarter Coca-Cola.

While Buffett’s love for Coca-Cola is pretty clear, it’s starting to seem like perhaps the octogenarian needs to put his love for the company aside and starts to focus on the profit— last year, shares fell about 1.7%, and in the last three months they’ve fallen 2%.  Continue reading ‘Should Buffett Sell Coca-Cola?’ »

Berkshire Hathaway Annual Shareholder Letter Highlights: 2001

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 2001. This letter has been lauded as one of the top five best letters written by Buffett. But first we’ll get some background on what was going on in Berkshire Hathaway that year. Continue reading ‘Berkshire Hathaway Annual Shareholder Letter Highlights: 2001’ »

8 Life Lessons to be Learned from Warren Buffett

Warren Buffett is famous for his strategic investing and for heading mega-conglomerate Berkshire Hathaway. He is often looked to for advice with business and investing, but under his wise exterior, he’s just a person. While there is plenty to be learned from Buffett for your career, leadership, and of course investing, there are some general life lessons Buffett can teach you, too.

1) Don’t give up.

An important lesson for anyone, Buffett learned this early on in his career with Berkshire. The firm originally specialized in the textiles that lined men’s suits, and unfortunately, it was a failing company. Buffett saw different potential and with a lot of patience and perseverance was able to create a huge conglomerate, which today is the fourth most successful business in the country.  Continue reading ‘8 Life Lessons to be Learned from Warren Buffett’ »

Warren Buffett’s 3 Principles of Investing

Warren Buffett is generally considered to be the greatest investor in the world, but if you asked him it’s very probable that the down-to-earth Buffett would give much credit to his mentor, Benjamin Graham, for the basic framework that made Buffett so successful. However, it is Buffett’s mentality and his adherence to certain principles that are the real reason for his success.

While there are many different ways that Buffett’s investing principles could be explained (and even multiple different principles Buffett follows, including some found in Benjamin Graham’s books) these are three of the most important ones:  Continue reading ‘Warren Buffett’s 3 Principles of Investing’ »

Other CEOs Who Admire Buffett

It’s no secret that Warren Buffett is regarded as the greatest investor of all time and constantly being looked toward for advice. He’s spent quite a bit of time in the limelight, and by heading the fourth largest company in the world which happens to be a huge conglomerate, he’s constantly meeting other VIP’s and, with a lot of them, leaving good impressions.

Buffett’s also quite a quotable person— here are 10 of the best— so while it does interest me to read about Buffett and expand my knowledge of him, it pleases me much more when I can hear other quotable people talk about the Oracle of Omaha specifically.  Continue reading ‘Other CEOs Who Admire Buffett’ »

Warren Buffett’s Top Investment Rule

As the world’s top investor, everyone is looking to billionaire Warren Buffett for investment advice. Whether it’s advice on how to get rich, what he is currently investing in, his investment strategies, or even things like the worst advice he received, Buffett is constantly in the news. And much of his advice is misunderstood.

However, while there are literally dozens of different rules, ideas, and strategies that Buffett has perfected (and continues to perfect) over the years of investing, there are some that are universal and should be considered by every investor, no matter how big or small. That top investment rule should be the first thing that everyone who gets into investing should learn, and as with most things Buffett, it’s very simple. Continue reading ‘Warren Buffett’s Top Investment Rule’ »

Buffett’s Advice for the Average American

Warren Buffett, dubbed the greatest investor of all time by many, has long been known for his investment strategies that helped him become the second wealthiest man in the world, as well as head the 4th largest company in the world, Berkshire Hathaway.

Because of his enormous successes, Buffett is often looked to for advice of all kinds— what stocks to invest in, how to run a successful business, or even what to do during retirement. Most of the time, Buffett offers up advice freely, and it’s usually simple and helpful.  Continue reading ‘Buffett’s Advice for the Average American’ »

Warren Buffett’s Favorite Sweets from See’s Candy

Although Warren Buffett is mostly known for his investing genius, his love of sweet things like candy and soda is absolutely no secret. In fact, Berkshire Hathaway actually purchased See’s Candy Shops in 1972, a year after Buffett first tasted the confectionery’s delicious chocolate. To this day, Buffett still owns See’s Candy and the company has expanded and offers some of the best sweets.

So, if you’ve ever wondered what candies the Oracle of Omaha likes to indulge in sometimes, then look no further! Here are five of Warren Buffett’s favorite sweets from See’s Candy: Continue reading ‘Warren Buffett’s Favorite Sweets from See’s Candy’ »

Buffett’s Against Weapons of Mass Destruction

Warren Buffett has long been involved in political affairs, from Washington dinner parties, to golfing with Ronald Reagan, and more recently his public support of Hilary Clinton during the recent election. It surprises me that someone with as much political, economic, and business knowledge as the Oracle of Omaha is not so concerned about education or the American economy, but rather he thinks one of the biggest challenges this country faces could be nuclear weapons or weapons of mass destruction.

“Governments, individuals, and organizations can’t control security. It’s what I would spend all of my money on if I could fix it,” Buffett commented at a Q & A with several business schools.  Continue reading ‘Buffett’s Against Weapons of Mass Destruction’ »