Buffett Feels the Poor Shouldn’t Blame the Rich for Inequality

According to Warren Buffett, the third richest person in the world, people need to quit blaming the wealthy for income inequality in the United States of America. Warren Buffett, in a Wall Street Journal opinion piece, and is estimated to be worth roughly $71.3 billion by Forbes Magazine, depressingly claims as fact that “the poor …

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Buffett’s Thoughts on Raising the Minimum Wage

On Friday, in a Wall Street Journal commentary that Warren Buffett published, we learn that Buffett advocates a “major and carefully crafted expansion of the earned income tax credit” as opposed to raising the minimum wage. Buffett also said that this method is a “better answer” to the widening income gap inequality between those who …

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Buffett Adds to Deere & Exits Exxon

Berkshire Hathaway, run by CEO and Chairman Warren Buffett, sold off roughly $4 billion worth of Exxon Mobil shares during the fourth quarter of 2014. This move was obviously spurred by the major drop in oil prices that have damaged all energy company profits, with Exxon included. In total, Berkshire Hathaway sold off roughly 41,000,000 …

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3G Capital’s Next Possible Target

3G capital, the owner of H.J. Heinz Co., and partnered with Berkshire Hathaway, is supposedly looking to find its next food related acquisition. According the Wall Street Journal, 3G Capital has raised $5 billion and said it is considering purchasing another food or beverage maker that could help grow Heinz, based out of Pittsburgh. The …

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Buffett to Managers: “Zealously Guard Berkshire’s Reputation”

When the Oracle of Omaha, Warren Buffett, was just 10 years old, he actually had an epiphany. He realized that he could be secure and free with enough money. Now that he has reached the age of 84, he’s focused on a different asset with the management team at Berkshire Hathaway: reputation. In the Wall …

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Buffett Aids Burger King in Tim Hortons Deal

According to a report in the Wall Street Journal on Tuesday, billionaire investor Warren Buffett and Berkshire Hathaway are going to help Burger King with financing as part of their merger plans with Tim Hortons, a Canadian doughnut and coffee chain. Buffett’s participation, and the overall price structure, has not yet clearly been defined at …

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Hedge Fund Evacuation Due to Handwritten Buffett Note?

Calpers reduces its exposure to hedge funds by 40%. Fund managers all around the country are beginning to ask – who makes the money, the hedge fund manager or the pension fund? Did Warren Buffett’s 12 word note set off a new trend for pension funds by convincing them to reduce their exposure to hedge …

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Want to Know Gates’ & Buffett’s Favorite Book?

Even though the book is more than 40 years old and it’s a bit rough around the edges, it’s more than just your average paperback. This book is a Business Bible, and it’s beloved by two of the richest men in the world. Recently, Bill Gates told the world that his favorite book is Business …

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Buffett & Boardroom Belching

More belching is needed in corporate boardrooms. Do not take this literally. As a matter of fact, the metaphor itself belongs to the legendary investor Warren Buffett who chose to use this phrase. At the time, he was comparing it to the act of voting “no” on a corporate board. It had nothing to do …

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Buffett is Endorsing Airbnb

Billionaire investor Warren Buffett, who regularly steers clear of investments in technology, has the company Airbnb in his sights. But not for the reasons that you might think. Berkshire Hathaway, Warren Buffett’s investment company, recently reached out to the home rentals company. They did this in order to provide cheaper alternatives for lodging to the …

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