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Buffett - 3 Berkshire Hathaway - 3 Warren Buffett - 2 Benjamin Graham - 1 They're - 1 I've - 1 Stocks - 1 aren't - 1
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5 mentions found


☆ Why Warren Buffett thinks the power of compound interest is the key to his success
  + stars: | 2024-03-03 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Warren Buffett believes successful investing is like rolling a little snowball down a very long hill — the longer the hill, the bigger the snowball. The key is the power of compound interest , something Buffett often credits as the driving force behind his unmatched investment legacy. Compound interest describes the ability to earn not only interest on the principle but also reinvested interest on the interest. "The trick is to have a very long hill, which means either starting very young or living ... to be very old." For example, $10,000 with compound interest of 10% annually is worth almost $175,000 in 30 years, more than $450,000 in 40 years and $1.17 million in 50 years.
Persons: Warren Buffett, Buffett, Berkshire Hathaway Organizations: Oracle, Cities Service, Berkshire, BNSF Railway, Burlington Northern, Apple Locations: Omaha, Burlington Northern Santa Fe
☆ The S&P 500 has entered a correction. Here's why Warren Buffett likely thinks that's good news
  + stars: | 2023-10-28 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
The stock market tumbled into correction territory this week, spurring fear among investors that more turmoil is ahead. But if you are a disciple of Warren Buffett, a 10% drawdown for the equity benchmark shouldn't matter. "I know what markets are going to do over a long period of time — They're gonna go up. Buffett believes that when there's emotional selling in the market, it offers an opportunity for him to hunt for bargains. "Anytime stocks go down as far as I'm concerned, I like it because I'm a net buyer of stocks," he said.
Persons: Warren Buffett, Buffett, Benjamin Graham, They're, I've, Berkshire Hathaway, Stocks, aren't Organizations: Columbia University, CNBC, Berkshire, Oracle, Omaha, BNSF Railway, America, Dow, Cities Locations: Berkshire
☆ Berkshire Hathaway boosts Occidental stake to 25%. Why Warren Buffett loves this energy play so much
  + stars: | 2023-06-29 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Warren Buffett's Berkshire Hathaway keeps buying the dip in Occidental Petroleum , now owning a quarter of the oil giant. The conglomerate purchased an additional 2.1 million Occidental shares on Monday, Tuesday and Wednesday, boosting its stake in the Houston-based energy producer to 25.1%, a new regulatory filing showed. Berkshire now owns 224.1 million shares, worth $12.9 billion based on Wednesday's closing price of $57.46. The buying spree this year came as Occidental shares pulled back after a stellar 2022. Berkshire also owns $10 billion of Occidental preferred stock, and has warrants to buy another 83.9 million common shares for $5 billion, or $59.62 each.
Persons: Warren, Berkshire Hathaway, oilman Armand Hammer, Vicki Hollub, she's, Buffett, Hollub Organizations: Occidental Petroleum, Occidental, Berkshire, Buffett, Cities Service Locations: Occidental, Houston, Berkshire
☆ Warren Buffett has cautioned against stockpiling cash, gold, or bitcoin in times of war - and declared stocks are the safest long-term play
  + stars: | 2022-12-22 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +4 min
Warren Buffett has advised against switching out stocks for cash, gold, or bitcoin during wars. The investor added that he wouldn't cash out even if the conflict escalated into another cold war or World War III. "You're going to invest your money in something over time. "American businesses are going to be worth more money," Buffett said. "I was convinced of this in World War II.
☆ Warren Buffett's 91st year marked by a huge focus on Berkshire Hathaway's energy empire
  + stars: | 2022-08-30 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
Warren Buffett turns 92 on Tuesday, having spent the past year expanding further his Berkshire Hathaway energy empire, making a classic value investor's bet. Plus, many energy stocks have found themselves with torrents of cash flow since the economy reopened following Covid lockdowns. "All of this just sounds like the perfect Berkshire Hathaway stock." If Berkshire continues to ramp up its Occidental investments and makes the position a controlling one, it probably reflects the influence of Greg Abel, Buffett's likely successor who has been leading the conglomerate's energy unit Berkshire Hathaway Energy. Berkshire acquired MidAmerican Energy in 1999, and Abel became CEO of MidAmerican Energy in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.
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