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03 Jul 2010 10:39

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Biz: Warren Buffett: The rich-guy gift that keeps on giving

  • $37B the amount he donated to the Gates Foundation in 2006, the biggest ever donation; he plans to give 99 percent of his wealth away
  • $1.93B the amount he donated this year – he does yearly donations based on Berkshire Hathaway’s overall performance source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2010 16:38

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Biz: Super-investor Warren Buffett directly feels Goldman Sachs’ SEC fail

  • $950 million drop in Buffett’s personal wealth today source
Posted by Ernie Smith • 0 Comments • Permalink

01 Mar 2010 11:10

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Politics: Warren Buffett: Health care like a “tapeworm” on economy

  • If it was a choice today between Plan A, which is what we’ve got, or Plan B, which is the Senate bill, I would vote for the Senate bill. But I would much rather see a Plan C that really attacks costs, and I think that’s what the American public wants to see.
  • Super-investor and overall smart guy Warren Buffett • Regarding the current state of health care, which he says is damaging the possibility of a clean economic recovery. “It’s like a tapeworm eating at our economic body,” he said. That’s like the coolest quote ever. He also called the 2008 financial crisis an “economic Pearl Harbor,” but said that we will eventually win the war. We economically like the way this guy talks. source
Posted by Ernie Smith • 0 Comments • Permalink

05 Jan 2010 10:37

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Biz: Kraft wants Cadbury bad. Warren Buffett thinks it’s unhealthy.

  • Berkshire Hathaway owns 9.4% of Kraft’s stock, so they should take heed. Kraft has been in unhealthy pursuit of the candy company for months, and just sweetened the deal again to convince them to go for it. Buffett’s Berkshire Hathaway, however, warned Kraft they wouldn’t be voting for the purchase, calling it a “blank check” and saying Kraft’s stock is too valuable for a purchase like this. Too Velveeta-like in texture. source
Posted by Ernie Smith • 0 Comments • Permalink

30 Mar 2009 10:43

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Biz, U.S.: Stocks are down! Time for a photo of a fretting investor!

As you might imagine, they really didn’t like the GM/Chrysler auto bailout news. So, now they’re fretting. source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2009 21:12

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Biz, U.S.: When is Bernie Madoff going to jail?

  • NOW. bond revoked, biznitch. See ya! :) source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2009 21:07

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Biz, U.S.: Bernie Madoff: A man compelled to have killer returns. (Huh?)

  • While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations, at any cost.
  • Bernard Madoff • Explaining why he created his Ponzi scheme during a courtroom monologue while pleading guilty. According to him, he wanted to keep giving out continually good rates of return because he wanted his investors to love him. (No word on how he felt about his penthouse.) • source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
 
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