Lunch With Warren Buffett for $1.68Milion

Berkshire Hathaway CEO Warren Buffett and Salida Capital CEO Courtenay Wolfe weigh in on the annual charity auction that awards the highest bidder a lunch with Buffett.

Warren Buffett hosts annual Charity Luncheon

Buffett Says Need for Charitable Donations Is Unlimited February 22 (Bloomberg) -- Billionaire investor Warren Buffett and Courtenay Wolfe, chief executive officer of Salida Capital, talk with Bloomberg's Betty Liu about philanthropy

Buffett Berkshire Hathaway Cuts Stakes in Procter Gamble

Berkshire Hathaway Cuts Stakes in Procter & Gamble

Feb. 16 (Bloomberg) -- Bloomberg's Brennan Lothery reports on Berkshire Hathaway Inc.'s decreased stakes in Johnson & Johnson, the world's largest maker of health-care products, and Procter & Gamble Co., the biggest consumer products company. Warren Buffett's Berkshire cut its Johnson & Johnson stake by about 26 percent and its holding of Procter & Gamble fell by about 9 percent. (Source: Bloomberg)

Berkshire Hathaway to Join S&P 500

S&P 500's impact on Berkshire Hathaway's stock

Warren Buffett interviews Hank Paulson about The Credit Crunch

Paulson told Buffett that he expected the economic fallout from the crisis would be bad, but didn't expects things to get as bad as they did. Still, Paulson said, if the government hadn't done anything the damage would have been even more severe. He also said things could have been worse if the U.S. dollar had collapsed or if China and Russia had sold their holdings of U.S. debt.

Paulson said the U.S. will get back all the money it pumped into the nation's banks, and may even made a profit. Buffett agreed.

Warren Buffett: I Have Greater Appreciation of Pres. Bush's Handling of Credit Crisis

Source CNBC

Warren Buffett U.S. needed tough medicine

NEW YORK (Reuters) - Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.

The men were speaking before the annual meeting of the Greater Omaha Chamber of Commerce in Omaha, Nebraska, where Buffett's insurance and investment company Berkshire Hathaway Inc is based. CNBC simulcast their talk on its website.

Paulson and many other regulators have been faulted for letting Lehman Brothers Holdings Inc go bankrupt on September 15, 2008, a signal event in the global financial crisis and still by far the largest bankruptcy in U.S. history.

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Buffett Loses Last AAA Rating as S&P Cuts Berkshire

Andrew Frye
Bloomberg
February 4, 2010

Warren Buffett’s Berkshire Hathaway Inc. was stripped of its last AAA credit rating by Standard & Poor’s after the billionaire investor agreed to buy railroad Burlington Northern Santa Fe Corp.

Berkshire, which is taking on debt to fund the $26 billion takeover, was cut one level to AA+ from S&P’s highest grade, the ratings firm said today in a statement. The downgrade comes the same day Berkshire filed to sell $8 billion of notes to fund the Burlington Northern purchase, and concludes a review that S&P announced on Nov. 4, the day after Berkshire disclosed the deal.

“The railroad acquisition will reduce what historically has been extremely strong capital adequacy and liquidity,” S&P said. “Risk tolerances appear to have increased.”

Buffett, 79, has called the railroad takeover an “all-in wager” on the U.S. economy. Berkshire lost its top credit grades at Fitch Ratings in March and at Moody’s Investors Service in April amid a slump in the firm’s manufacturing, retail and travel units. The earlier downgrades were on concern about Buffett’s successor and the firm’s derivative bets.

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Via Infowars.com