Warren Buffet sold billions worth of bank stocks in the second quarter. His huge sale should be a red flag for investors. The banking sector looks weak as a wave of defaults looms. Legendary investor Warren Buffett offloaded billions...
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Berkshire Hathaway reported earnings Saturday morning. The company saw revenues slip by 11%, which still beat earnings estimates. Cash levels surged to $142.8 billion as Warren Buffett only made some modest buys and buybacks. During the last financial crisis,...
Once the king of investing, Warren Buffett has lost his mojo. Berkshire Hathaway has woefully underperformed the S&P 500 Index over the last decade. Yet Buffett keeps doubling down on his old strategy. Founders Fund founder Peter Thiel says...
Warren Buffett bought $810 million worth of BAC stock. Buffett is buying stocks that missed the rally. HPQ stock and KMI stock are both potential value plays right now. Warren Buffett has been widely criticized for sitting out much...
Based on SEC filings, Warren Buffett may have bought back $5 billion in Berkshire Hathaway shares. We’ll know for sure in August when the company reports second-quarter results. A stock buyback would be a classic Buffett move. Warren Buffett...
Warren Buffett’s billionaire ranking is under threat from tech billionaires. Ex-Microsoft CEO Steve Ballmer is the latest to eclipse Buffett in net worth. Berkshire Hathaway is underperforming the broader stock market, a repeat of last year. Not that long...
American Airlines will sell new shares that are more than 10% of the current number of outstanding shares. The largest U.S. airline by employees will see its debt reach nearly $40 billion in the new financing initiative. The move...
Warren Buffett’s value-investing philosophy has received a lot of flak recently. Year-to-date Berkshire Hathaway is down by double-digits. Meanwhile, Dave Portnoy has become the latest internet sensation with his “outlaw” style. The self-declared captain of day traders, Barstool Sports...
Warren Buffett made a classic rookie investing blunder when he sold Berkshire’s airline holdings in April. He panic-sold the stocks, right before the industry bottomed out in May. The big four U.S. airlines have soared since then, posting gains...
Billionaire trader Bill Ackman revealed that Pershing Square sold its entire stake in Warren Buffett’s Berkshire Hathaway. Buffett has had a terrible year, and Ackman’s move is yet another sign that the veteran tycoon may be well past his...