Buffett: 'We Are Not Out of Problems Yet'

The lower prices go, the more aggressive he gets

(NEWSER) - Amid economic uncertainty, how’s Warren Bufftet holding up? “Never been better,” he tells CNNMoney . “The lower things go, the more I buy. We are in the business of buying.” Meanwhile, he says he still sees US treasuries as triple-A, “in that there is no question that we will repay the interest and the principal. Every contract will be repaid.” Buffett’s Berkshire Hathaway has, in the wake of the US downgrade, seen the outlook on its AA+ debt lowered to negative by Standard and Poor's. More»

Coke and American Express have made him a bundle

(USER SUBMITTED) - Warren Buffett is one of the United States' greatest rags-to-riches stories. Once a whiz kid from Omaha, Buffett is now one of the world's wealthiest men. Here are some of the investments that got him there, from 24/7 WallSt .

1. Coca-Cola: Buffett bought his first shares of Coke in 1988. By 1995, he owned 100,000 shares worth roughly $1.2 billion. As of September 2010, Buffett's unrealized gains were $10.4 billion.

Anonymous bidder sets record in charity auction

(NEWSER) - Warren Buffett's status as an oracle seems intact. An anonymous bidder will pay $2.6 million to have lunch with the chief of Berkshire Hathaway, topping the 2008 record of $2.1 million, reports Monsters & Critics . Buffett auctions off the lunch every year on eBay, with proceeds going to a charity that helps the homeless in San Francisco. More»

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»

Berkshire Hathaway honcho promises 'extensive' remarks

(NEWSER) - Goldman Sachs might want to brace itself. Warren Buffett, who just happens to be one of the firm's biggest investors, is ready to “fire at will” during the Berkshire Hathaway shareholders meeting this weekend, the Wall Street Journal reports. “I expect to get multiple questions about Goldman,” Buffett said, “and I'll give extensive and complete replies.” He didn't say whether those replies would be kind. More»