May 2008

Well, well, well. At a time when most CEOs are dreading their own annual shareholder meetings (remember our Liz McDonald reporting that security guards were checking Citi shareholders' bags for fruit in case they'd try to throw it at the meeting?!!), Warren Buffett of Berkshire Hathaway (BRK) is throwing his massive, annual party under the big-top in Omaha, Nebraska. The wonderful Fox Business ... read more

Well, well, well. At a time when most CEOs are dreading their own annual shareholder meetings (remember our Liz McDonald reporting that security guards were checking Citi shareholders' bags for fruit in case they'd try to throw it at the meeting?!!), Warren Buffett of Berkshire Hathaway (BRK) is throwing his massive, annual party under the big-top in Omaha, Nebraska. The wonderful Fox Business ... read more

Hey gang, Today was pure, unadulterated, capitalistic insanity! But of course I mean that in a GOOD way... Our day began at 9am Omaha time as the Fox Biz crew and I headed straight to Berkshire-owned Borsheim's Jewelry store. We had a huge set-up in the store so we could broadcast our entire afternoon show live from the first "official" BRK Shareholder event. Okay, can I just say? You can spot ... read more

  Hey gang, Today was pure, unadulterated, capitalistic insanity!  But of course I mean that in a GOOD way...  Our day began at 9am Omaha time as the Fox Biz crew and I headed straight to Berkshire-owned Borsheim's Jewelry store.  We had a huge set-up in the store so we could broadcast our entire afternoon show live from the first "official" BRK Shareholder event.  Okay, can I just say?  You ... read more

Oh, and btw, Buffett tells me it's *not* true that BRK is buying AMEX The alarm went off for our Fox business crew at 3:30am and we rushed out the doors of our hotel, laden with gear, laptops and our tennis shoes and headed to the Qwest Center where 31,000 people would amass within hours. Already the lines had formed and people were shivering in the 35 degree weather, waiting to be let in. ... read more

Hey gang, Below are some of the latest things Buffett and his co-hort Charlie Munger are saying to the crowd. "Berkshire has the best directors in America." --Buffett (Liz-note: BRK directors get paid $900 a year. Bill Gates and Sue Decker of Yahoo! are members of the board) "Business schools should teach only two courses: How to Value A Business" and "How to think About Stock Market ... read more

Regarding ISCAR's new Asia plant and high commodities prices: "The reason the plant was built in China is the country is growing...generally speaking, if you're creating a higher-valued product,... obviously the changing price of commodities...there will still be no substitute for the raw materials used in the products. Over time, our businesses will reflect the higher cost of ... read more

3:57pm ET On selling PetroChina holdings and why Buffett chose to sell after just a few years of owning it "If it came down to a better valuation, we would buy PetroChina again... The Chinese people are starting to realize their potential." --Buffett The last question from the crowd: What's your fondest hope for BRK?? "I hope for performance and I fully expect that what we've built ... read more

Warren Buffett just finished up the media conference where he fielded dozens of questions from the International Press Corps. Every major newspaper from the U.K., China, Brazil, Canada, Japan, Taiwan, Korea and of course the US were represented. He made some big news on a variety of subjects, namely: --Buffett telling Fox Business that even though the valuations of the top 30 Financials have ... read more

 Investors are angry. Shares of Citigroup (C )are down more than 50% since setting a high last spring of $55.55. The financial behemoth has taken a massive hit as the credit market malaise has wrecked havoc on most of Wall Street. While Citigroup has raised some $40 billion since November and widened its stock offering from $3 billion to $4 billion Citigroup's new Chief Executive Vikram Pandit is ... read more