Warren Buffett too warns about The Inflation

"U.S. May Need a Second Stimulus Package "Said Warren Buffett, chairman of Berkshire Hathaway (BRK.A) in a Bloomberg interview lately

Buffett also warned in a CNBC interview that the U.S. may face “high rates of inflation” because of government spending designed to ease the financial crisis.

One no longer needs to turn to well-known Fed critics such as Jim Rogers or Marc Faber to hear warnings about the risk of accelerating inflation. Concerns have been expressed recently by some of the investors we respect most, including Bill Ackman, Warren Buffett, David Einhorn, Tom Gayner, Julian Robertson, Paul Singer, and David Swensen.

Warren Buffett : my Normal Meal costs about 5 Dollars

a lunch with Warren Buffett ?
The Oracle of Omaha Berkshire Hathaway CEO Warren Buffett talks with FOX Business Network’s Liz Claman about expensive lunches, his Goldman Sachs investments, the economy, and more.warren Buffetts says that his normal meal costs 5 dollars ...LOL....

Warren Buffett about China and a second Stimulus package ?

Warren Buffett Says U.S. May Need More Economic Stimulus
legendary investors Warren Buffets speaks about charities investment in China the stimulus and the "recovery" he says we will come out of it but he does not know when !? incentives leverage debt credit ." we went crazy on leverage in this country " Warren Buffet said ..Buffett also supports the FED and what Ben Bernanke have done also a renomination of Ben Bernanke , , warren says we are going to have more unemployment probably 10% , Buffett is also supportive Obama ...Buffetts says we may need a second stimulus package ...

Warren Buffet Does not like stock market Diversification

Warren Buffett just like his friend Bill Gates do not like Diversification :
That's the Buffet way of getting rich , this does not mean it will work for you , we are in a different period of time with different market parameters ...
Some say that diversification is something that stock traders and brokers came up with to protect themselves, so they wouldn't get sued.MultiBillionaires like Henry Ford , Bill Gates never diversify. They will tell you that " The way to get rich is to put your eggs in one basket" others will tell that's exactly how you can get broke and fast , cause having all your eggs in one single basket can have them all broke at once and you will be left with debris to count , instead with diversification you are relatively protected although you may not get very rich very fast but at least you won't get broke all at once and very fast too ...some brokers will tell you that in these times of hyperinflation it is very wise to have at least 20 to 30 percent of your wealth in physical gold or silver far away from the United States Government Reach , but watch that basket very carefully. And make sure you have the right basket.

Warren Buffet called an idiot by Dennis Gartman

Dennis Gartman called Warren Buffett an “idiot" in an interview with the Oregon Business News
“Warren Buffett is an idiot. Shame on Warren Buffett. That’ll be a good quote for your article.” he said .Yet, Gartman admits to being wrong with two thirds of his trades. He says his winners are make up for the losses.

Inflation is a classic way to reduce the cost of external debt

Warren Buffett : Inflation is going to affect you. Long term, even a small amount is bad. It's certain we'll have inflation over time. Volcker opined against an FOMC [Federal Open Market Committee] 2% target for inflation. It is something of a slippery slope. Current policies are bound to have inflationary consequences. Inflation is a classic way to reduce the cost of external debt. Federal revenues are going down. Politicians say that taxpayers pay for this or that, but if taxes are less now, who's paying? The real payers are [those affected by] the shrinkage of the value of the dollar down the road. The people who are really paying are those that are buying fixed income investments now--the Chinese, for example. That's the ultimate price of stimulus. The easiest thing to do [inflate] is the likeliest. The best protection from inflation is your own earning power. The second best is owning a wonderful business, such as Coke, that doesn't require capital. With Coke, you'll get your share of national earnings.

Senator Durbin Invests in Warren Buffett 's Berkshire Hathaway

The No. 2 Democrat in Senate , Richard Durbin of Illinois, puts his financial trust in The Oracle of Omaha Warren Buffett, he bought $98,046 worth of stock Buffett 's Berkshire Hathaway Inc. although he sold more than $116,000 of other holdings stocks.

Warren Buffett visits the Junior Achievement Capstone facility in Chesterfield, Mo., last week.

Hathaway Chairman and billionaire Buffett was seen visiting the Junior Achievement of Mississippi Valley
he was accompanied by Gene Toombs, chairman, president and CEO of MiTek Industries Inc. who showed him JA’s Anheuser-Busch Business Hall of Fame display.
Buffett also spent an hour touring JA’s Dennis & Judy Jones Free Enterprise Center, where youth learn about business through two educational programs

Warren Buffett and bill Gates boots sold in auction

$2700 was the price that Warren Buffett autographed boots were able to reach at an auction in DONIPHAN, Nebraska last Friday , that's more than the $2100 of the autographed boots of of Microsoft founder bill gates and way better than the $700 of those of the comedian Dan Whitney, better known as Larry the Cable Guy, Money raised in the "Give Cancer the Boot" event will be given to cancer research at the University of Nebraska Medical Center's Eppley Cancer Center.

The Bill & Melinda Gates Foundation received $10.4 million dollars in donations last year

according to Bill & Melinda Gates Foundation report this last received last year 10.4 millions dollars in donations from the public this without counting of course the donations from Bill Gates his wife Melinda or this friend the super Billionaire Warren Buffett who always was generous in donations to charities and Bill gates foundation in particular , we recall him giving $1.8 billion worth of his Berkshire Hathaway stock last year to Bill Gates 's foundation ...The foundation started accepting donations from the public after it received its first donation from the oracle of Omaha and close friend of bill and Melinda Gates Warren Buffett in 2007 , it has since then been able to raise billions of dollars and fund developments projects and charities all around the globe
The Bill and Melinda Gates Foundation Report can be Found here http://www.gatesfoundation.org/annualreport/2008/Pages/2008-annual-report.aspx

Warren Buffett lunch auction begins in late June

OMAHA, Neb. - One of the most expensive steak lunches you can bid for goes online later this month, courtesy of billionaire Warren Buffett.

But given the ongoing recession, it's uncertain whether lunch with Buffett will top last year's winning bid of $2.1 million from a Chinese investment fund manager.

Buffett, who is known for his investing success, is Berkshire Hathaway's chairman and CEO. He offers only one charity lunch a year.
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Gates Foundation gets $10.4M in donations

SEATTLE (AP) — The Bill & Melinda Gates Foundation's annual report says it brought in $10.4 million in individual donations in 2008, without making an effort at fundraising.

That dollar amount does not include new money from Bill or Melinda Gates or their friend Warren Buffett, who gave the world's richest foundation's trust about $1.8 billion worth of Berkshire Hathaway stock last year.

The foundation had an endowment totaling $27.5 billion as of April 1.

Via source

Bill Gates vs Warren Buffett On Competing With Google

Bill Gates Warren Buffet and Google

Fox Business made an interview with Bill Gates and Warren Buffet on June 04 2009 . Liz of Fox Business News mentions Buffett’s love of Google, quoting him: “Their moat of competitiveness is so wide and what they do is so tough to compare and to compete with that in that moat are sharks and crocodiles that no one can get near.”
Bill Gates answered by saying that "Microsoft is undeterred " : “Well, technology companies do for a period get in these wonderful positions and, you know, it’s great that there’s somebody willing to attack those moats. Microsoft is undeterred. We look at each one of those crocodiles and we say charge!”

Buffet responds “No shark wants to come up against him,” and Gates ends with “So, it is, it is a daunting thing, but consumers benefit when somebody’s willing to take that on and say, hey, we can do a better search product.”

Google dominate the internet search market while Microsoft is trying to get a stake of this huge market but still has a long way to go before it can challenge Google domination

The entire clip is below:

Buffett Is Less Bullish on U.S. Than You Think: Alice Schroeder

une 4 (Bloomberg) -- To the unschooled ear, Warren Buffett’s reassuring words that “America’s best days lie ahead” and that he’s buying U.S. stocks sound prescient, not preposterous.

But fair warning -- he’s not as bullish as he sounds.

Buffett has been right so often that what his words mean, and whether he is right now, are important questions. His skill as a forecaster has a lot to do with his psychology: a buoyant optimism tempered by extreme caution that let him score killings on stocks such as Geico and American Express Co. while steering clear of speculative bubbles, leverage, subprime mortgages, and trying to figure out a rescue for his pal Hank Greenberg’s company American International Group Inc.

In temperament, he could be the son of Woody Allen and Doris Day.

His reputation as a seer took a hit in the public’s mind last October when the market tanked after his New York Times op- ed, “Buy American: I Am.”

Was he just talking his book?

It doesn’t really matter. As much as he loves money, Buffett loves his reputation a whole lot more. He never risks going on the record unless he is pretty sure he won’t be found wrong later.

What makes him so certain? He has explained his ebullient view of the economy using historical analogies instead of economic data. He has said that trying to call the bottom of the market is futile; buy into fear. The U.S. has surmounted worse troubles before, and it will survive this, too: “Your children and grandchildren will live better and better” than you.

Nostalgia Investing

Buffett seems to hearken back to mid-20th century America, when each decade brought us a higher living standard. The concern has been whether he is extrapolating from his own experiences rather than analyzing the future.

There’s evidence, though, that Buffett is awake to America’s problems. He says there will be no quick rebound in consumer spending, the economy has “fallen off a cliff,” and we are now “fighting a war.” Berkshire Hathaway Inc.’s real- estate arm just estimated that the backlog of unsold houses is double the official figures.
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Warren Buffett sells remaining Constellation shares

Investor Warren Buffett has sold the last remaining shares he got when he attempted to take over Constellation Energy Group Inc.

The last of the stock, about 11 million shares, were sold to Barclays Capital Inc. for $27.25 apiece on Monday. Constellation shares rose 23 cents to $27.51 for the day.

Buffett, his company Berkshire Hathaway (NYSE: BRK.A, BRK.B), and that company’s subsidiary MidAmerican Energy, are each no longer stockholders in Constellation (NYSE: CEG), according to a form with the Securities and Exchange Commission filed Monday. They have been slowly divesting the stock over the past weeks and months, owning 7.3 percent in February and 6.3 percent last month.

The sale ends the relationship between the investor and Constellation, one of two Fortune 500 companies in Baltimore City.
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Berkshire Divests Last of Constellation Energy Stake

June 1 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. divested the last of its stake in Constellation Energy Group Inc. after declining to enter a bidding war for the firm.

Berkshire’s MidAmerican Energy Holdings Co. holds no stock, compared with a stake of 12.5 million shares, or about 6.3 percent, reported last month, the company said today in a regulatory filing.

Berkshire took the stake as part of a termination package when Constellation broke an agreement to sell itself to Buffett’s firm for $4.7 billion. Constellation instead struck a deal to sell half of its nuclear-power business to Electricite de France SA for $4.5 billion. Berkshire also got about $593 million in cash.
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Buffett, Dreman, Heebner Are Due for a Comeback: John Dorfman

June 1 (Bloomberg) -- Some of the nation’s best and most famous investors -- Warren Buffett, David Dreman, Ken Heebner and William Miller -- had hideous years in the bear market of 2008.

I refuse to believe, though, that people with a long track record of investment prowess have suddenly become stock-market eunuchs.

So I think it’s worth looking not only at what these four men did wrong last year, but at what they’re doing with their portfolios today.

Three of these four celebrated investors run mutual funds, so their results are easy to track:

-- The DWS Dreman High Return Equity Fund fell 45 percent - - including reinvested dividends -- in 2008, and the fund’s board has since deposed Dreman as manager.

-- Heebner’s CGM Focus Fund dropped 48 percent. It had ranked in the top 1 percent of its peer group in 2000, 2001, 2003, 2005 and 2007.

-- A 55 percent decline cursed Miller’s Legg Mason Value Trust. From 1991 through 2005, Miller had the investment world’s longest winning streak, beating the Standard & Poor’s 500 Index 15 years in a row.

Buffett is the chief executive officer and 33 percent owner of Berkshire Hathaway Inc. Berkshire’s stock fell 32 percent last year.

Thus, Buffett was the only one of the four who beat the 37 percent loss for the S&P 500, but it’s safe to say he wasn’t pleased. He compared the experience of investors last year to that of “small birds that had strayed into a badminton game.”

Buffett Buys

I believe that these investors’ past success, and investment experience, worked against them in 2008. Experience may have told them that the U.S. stock market doesn’t decline much more than 35 percent, especially when interest rates aren’t high or rising.

Their judgment may have told them that, after the sour tone of the first nine months of the year, a rebound was likely. Instead, stocks collapsed in October and November.

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