Buffett Stays with American Express

Recently, American Express has been going through a tough time. Due to rising competition from large banking conglomerates including J.P. Morgan and a tough US dollar, the company missed analyst expectations for revenue by $260 million during the first quarter. American Express even lost one of their large sources of credit card sign ups due …

Continue reading ‘Buffett Stays with American Express’ »

Buffett & Bono Spotted Backstage at Gates Foundation

When Bono and Buffett get together backstage at a Gates Foundation event, what do you think happens? Obviously, they talk about philanthropy! Undoubtedly there was much more to the conversation, but that’s what Sue Desmond-Hellmann, Gates Foundation CEO, shared in a Facebook post. Apparently an old fashioned gossip columnist is needed in that town, because …

Continue reading ‘Buffett & Bono Spotted Backstage at Gates Foundation’ »

A Buffett Bank Stock to Consider?

Even though the majority of Warren Buffett’s $63 billion is tied up in Berkshire Hathaway stock, he does own shares of other companies that the media doesn’t typically know about. There’s no question that Warren Buffett is a phenomenal investor. The book value of Berkshire Hathaway has grown nearly 20% annually for the last 50 …

Continue reading ‘A Buffett Bank Stock to Consider?’ »

Firms Boost Dividends and Buffett Makes $123 Million

Warren Buffett’s belief in US banks is going to generate another $123 million more each year after companies including American Express and Wells Fargo passed the stress test from the Federal Reserve and were cleared to raise dividends. Berkshire Hathaway, where Warren Buffett is the chief executive officer and CEO, has a much larger asset …

Continue reading ‘Firms Boost Dividends and Buffett Makes $123 Million’ »

3 of Buffett’s Favorite CEOs

At one point last week, Berkshire Hathaway leader Warren Buffett defended Jamie Dimon, the CEO of JP Morgan Chase bank after an announcement that the financial company made a $13 billion settlement with the United States government, specifically noting “this country is a lot better off because Jamie Dimon has been running JP Morgan.” Buffett …

Continue reading ‘3 of Buffett’s Favorite CEOs’ »

Buffett Continues His Praise of Jamie Dimon

Billionaire investor Warren Buffett continues to sing the praises of the leader of J.P. Morgan Chase & Co. even though the bank reportedly has agreed to pay a $13 billion settlement with the US government in regards to sales of mortgage-backed securities. On Tuesday, Buffett said during an interview on Bloomberg television that he continues …

Continue reading ‘Buffett Continues His Praise of Jamie Dimon’ »

Warren Buffett: US Default Would Be “Asinine”

On Wednesday, Warren Buffett said the threat involved with not raising the nation’s debt limit “after you’ve already spent the money” is a “political weapon of mass destruction” that can be compared to a poison gas. It should never be used by either political party. “I know it’s been used in the past, but we …

Continue reading ‘Warren Buffett: US Default Would Be “Asinine”’ »

Buffett Says Beware of Bonds, Buy Stocks

Billionaire investing success Warren Buffett does not like owning bonds at this point, and he thinks the average investor should avoid them as well. The chairman and CEO of Berkshire Hathaway, major investment conglomerate, believes that individual investors should have plenty of cash on hand so they are comfortable just in case something unexpected happens. …

Continue reading ‘Buffett Says Beware of Bonds, Buy Stocks’ »

Wells Fargo Now Warren Buffett’s Biggest Holding

In recent years, Warren Buffett has had an incredible appetite for buying shares of the San Francisco-based bank Wells Fargo. It is now the biggest public investment in the Berkshire Hathaway portfolio. Wells Fargo recently pushed aside the long-standing Coca-Cola, which Berkshire Hathaway began purchasing in late 1987, and finally stopped in 1995. He believed …

Continue reading ‘Wells Fargo Now Warren Buffett’s Biggest Holding’ »

Buffett Says Banks Won’t Get America In Trouble

Warren Buffett is a billionaire investor who has taken out stakes in some of the largest United States banks, who tells us that the lenders have rebuilt their capital to the levels where they aren’t a possible threat to the economy any longer. “The banks will not get this country in trouble, I guarantee it,” …

Continue reading ‘Buffett Says Banks Won’t Get America In Trouble’ »