Buffett Has Worst Year Ever

Oracle gets behind Blankfein at shareholder meeting

(AP) - Warren Buffett has no plans to sell Berkshire Hathaway's stake in Goldman Sachs as the investment bank fights civil fraud charges, saying today that he "loves" his $5 billion investment because it generates 10% interest a year. The Oracle of Omaha spoke today during Berkshire's annual shareholders meeting—but only after he sang and played ukelele with the Quebe Sisters Band. More»

Shareholders approve price cut; shares now $66

(NEWSER) - Berkshire Hathaway shareholders approved a 50-for-1 stock split today, making shares of Warren Buffett's company affordable for a wider range of investors. The price of Class B shares will drop from $3,300 to $66. Class A shares, which confer stronger voting power, remain a princely $101,700. More»

He sounds optimistic note at Columbia University forum

(NEWSER) - Warren Buffett says the worst is over. "The financial panic is behind us," he declared at Columbia University. The Berkshire Hathaway chief acknowledged that the US economy "still is sputtering some," but he sounded a bullish note on investment opportunities around the globe. While he gave "high marks" to Ben Bernanke and Timothy Geithner, he advised against future bailouts, reports Reuters . "More sticks are called for." More»

(AP) - Warren Buffett said today the US government is taking the correct actions to help the economy recover. "The government is doing the right things," Buffett said before the opening of Berkshire Hathaway's annual shareholder meeting. "They're acting in a countercyclical manner." But he said he can't predict how quickly the economy and the markets will improve. More»

Oracle confident as he prepares to be buffeted by shareholders

(NEWSER) - The Oracle of Omaha still sees tough times ahead for the US economy, but he says he thinks the worst is in the past, CNCBC reports. “We’re at a war now to some degree, but Pearl Harbor was September,” Warren Buffett says. “There was a strike at the heart of the American system, the financial system. And we got past that.” But “the war isn’t over,” particularly for Buffett, who will face antsy shareholders tomorrow. More»