CNBC Transcript Download: Warren Buffett on Cheap Houses, Bank Stocks, and Taxing the Rich

Warren Buffett's live appearance on CNBC's Squawk Box yesterday generated some headlines as he said single-family houses are a bargain right now, revealed Wells Fargo [WFC  31.37    0.34  (+1.1%)   ] is his favorite bank stock, and recalled the advice he gave Steve Jobs a couple of years ago on what to do with Apple's cash. His controversial call for higher tax rates on the super-rich and the resulting "Buffett Rule" proposal was also a major topic of conversation.

Link: http://www.cnbc.com/id/46561686

Warren Buffett Says ‘Bet Heavily' Against Double Recession

Buffett Says ‘Bet Heavily' Against Double Recession
(Bloomberg) -- Warren Buffett, chief executive officer of Berkshire Hathaway Inc., talks about the debt ceiling debate and the U.S. economy. Buffett, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses his views on acquisitions, the labor market and Todd Combs. (Source: Bloomberg)

View This Video: http://www.bloomberg.com/video/72153912/

Warren Buffett: Discussion on Equity Value-Added
Warren Buffett has mentioned that the economic case to justify the equity investments is that additional earnings above interest on fixed income securities (passive investments) would be derived via employment of managerial and entrepreneur skills in conjunction with that equity capital. People often think since an equity capital position is going along with greater risks than passive investing, it is entitled to a higher return. A “value-added” bonus from equity capital seems natural and certain.

Read More: http://www.gurufocus.com/news/139856/warren-buffett-discussion-on-equity-valueadded

What's Next for Warren Buffett?
NEW YORK (TheStreet) -- At the start of the week, the financial media wires buzzed with news that legendary investor George Soros was planning to return funds to outside investors. Heading forward, the investor will continue to manage his family's assets.

Read More: http://finance.yahoo.com/news/Whats-Next-for-Warren-tsmf-1120408713.html?x=0

Video: Warren Buffett Hidden Values

Video: http://www.hiddenvaluesalert.com/index.aspx?page=videoshv61&r=333&r1=555&em=%Email%

Warren tells the controversial truth
http://www.marketwatch.com/story/warren-tells-the-controversial-truth-2011-04-22?link=home_carousel

How to power your portfolio in uncertain markets
http://www.marketwatch.com/story/how-to-power-your-portfolio-in-uncertain-markets-2011-04-22

Warren Buffett: 5 Better Reasons to Sell Buffett

5 Better Reasons to Sell Buffett
Warren Buffett isn't often called names like "hypocrite" and "gnome" in the press. The public's recent fury relates to David Sokol, one of Buffett's lieutenants at Berkshire Hathaway (NYSE: BRK.A - News), who resigned abruptly on March 30. As Buffett explained in a letter, Sokol pitched him in mid-January on the idea of acquiring chemical maker Lubrizol, disclosing at the time that he owned shares, but after Berkshire agreed to a deal in mid-March, Buffett learned that Sokol had bought his shares just weeks before his pitch.
Read More: http://finance.yahoo.com/banking-budgeting/article/112489/buffett-smartmoney;_ylt=AnOik8NBIIogPJi__73dv.27YWsA;_ylu=X3oDMTFhN3JvYTVoBHBvcwM2BHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrAzViZXR0ZXJyZWFzbw--?mod=bb-budgeting

Investment Newsletter Insights
Backing away from Buffett
Famed investor Warren Buffett is enduring an unusually critical reception in the media since his presumed successor resigned amid the possibility of insider trading last week. And though one newsletter devoted to Buffett’s value-oriented style may be somewhat more muted in its enthusiasm for the “Oracle of Omaha,” its performance remains enviable.
Read More: http://www.marketwatch.com/story/backing-away-from-buffett-2011-04-06

Buffett 'Snow Job' Has Conned the Media: Steinhardt
http://www.cnbc.com/id/42432108

Buffett’s Ruthlessness Is Oddly Absent on Sokol
http://www.cnbc.com/id/42432146

Warren Buffett’s PR Nightmare: The Sokol Saga Continues
http://finance.yahoo.com/blogs/daily-ticker/warren-buffett-pr-nightmare-sokol-saga-continues-20110406-082110-251.html;_ylt=Ai1orOhWrq9ynhyMonnWdF.7YWsA;_ylu=X3oDMTFjNmdtYnQyBHBvcwM1BHNlYwNGUERhaWx5VGlja2VyQmxvZwRzbGsDd2FycmVuYnVmZmV0

What do Bill and Warren Know That We Don't?
http://finance.yahoo.com/banking-budgeting/article/112481/warren-buffett-gross-treasury-bonds;_ylt=AjfPo1_1ErwecapffSNdlmm7YWsA;_ylu=X3oDMTFhYjZtdHVpBHBvcwMyBHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA3doYXRkb2JpbGxhbg--?mod=bb-budgeting

Discover how CEO Warren Buffett took home $42,583,971 last year - in passive income

How Some of the Richest CEOs In America Live on $1 a Year. You won’t need a paycheck either when you use their “Rich Trick” to double your wealth every 12 months…The Sweet Part? You Can Do it in Just 10 Minutes.

Sources:http://moneymorning.com/video/mmr/mmr_CEO.php?code=WMMRM114

Benjamin Graham's Perspective on the Dow Jones

During the last two years, the Dow Jones Industrial Average increased by 72%. The striking performance of stock prices triggers concern about whether the stock market is overvalued or not. From a bullish perspective, the fundamentals are strong: The increase in stock prices can be attributed to the fast recovery from depression and increasing corporate profits.

If we look at the current valuations from a bearish side, a sharp correction is inevitable to normalize stock prices: Close-to-zero interest rates make it easier to borrow and invest using borrowed money. As long as there is someone else who is willing to pay more for the stocks, prices will rise. That is why stocks have high returns.

Source: http://seekingalpha.com/article/257552-benjamin-graham-s-perspective-on-the-dow-jones

Investing Like Buffett: 5 Ways to Achieve Legendary Returns

People are always interested to hear what Warren Buffett has to say about the current state of the economy, but what everyone actually cares about is how he continues to achieve such amazing returns after all this time. Of course he’s always willing to impart pieces of his wisdom to the public, but sometimes they sound like cryptic messages from the future, while others are crystal clear to understand. Unfortunately, a conceptual understanding of what he says is very different than turning his thoughts into sound investment principles and actions. This is why we have pinpointed five easy Buffett investment principles, which build upon each other, that hopefully will help the everyday investor to achieve better returns.

1. Be a Bear Market Investor
2. Invest in What the World Needs
3. Fundamental Analysis and Due Diligence
4. Pricing Power beats Sound Management
5. Patience
Conclusion

Source Details: http://seekingalpha.com/article/254172-investing-like-buffett-5-ways-to-achieve-legendary-returns

Warren Buffett's Secret to Making 100% a Year

I love the Berkshire Hathaway annual report!

Especially Warren Buffett’s letter to shareholders. The report gives us a great view of the overall economy from a man who has his finger in every pot, and his letter to investors gives us a very good insight as to how things are going in the various sectors his operations cover. Most importantly, what I have learned in my own 40 years of reading Mr. Buffett’s reports (my grandfather was a shareholder) is what should shape any long-term investing strategy: patience and performance.

I often preach to members the joys of letting gains compound, and our $25,000-$100,000 Portfolio, which is currently at $27,531 (up 10%) after 4 weeks, is an exercise in how to quickly compound small gains over the course of a year. Primarily, we try to follow Warren Buffett’s Number One Rule of Investing, which is: Don’t Lose Money. Buffett’s Rule #2 is: See Rule #1 – and like us, it’s not that nothing Warren Buffett ever buys loses money, it’s just that he doesn’t ever buy things he isn’t willing to stick with UNTIL they make money. Sure we take a few losses along the road but, by being selective in our entries, we don’t discard stocks that we carefully selected just because the market temporarily disagrees with our valuations.

Detail Source: http://seekingalpha.com/article/255198-warren-buffett-s-secret-to-making-100-a-year?source=article_sb_popular_4_old

Warren Buffet's Investment Article

Buffett Says Pricing Power More Important Than Good Management
http://www.bloomberg.com/news/2011-02-18/buffett-says-pricing-power-more-important-than-good-management.html

Buffett Says Goldman Deal Was a Bet on Fed, Treasury
http://www.bloomberg.com/news/2011-02-10/buffett-says-goldman-purchase-was-bet-u-s-would-leverage-up-.html

Warren Buffett: 'My Trigger Finger is Itchy' for Major Acquisitions
http://www.cnbc.com/id/41794346

Listen to Warren Buffett's Omaha Office Interview with FCIC Staff
http://www.cnbc.com/id/41533123

Smiles, and a Serious Investing Lesson, As Warren Buffett Is Honored at the White House
http://www.cnbc.com/id/41604412

Warren Buffett's Berkshire Hathaway Eliminates Stakes in 8 Stocks
http://www.cnbc.com/id/41584485

Buffett's Berkshire Gets Big Barron's Boost
http://www.cnbc.com/id/41234741

BlackRock Discloses 6.6% Berkshire Hathaway Class B Stake
http://www.cnbc.com/id/41396145

Waking Up with Warren
http://www.cnbc.com/id/41782842

Succession, derivatives on tap in Buffett letter
http://www.cnbc.com/id/41792209

Warren Buffett Stock Picking Secret, Revealed!
http://www.cnbc.com/id/41672672

The Pricing Power Play
http://www.cnbc.com/id/15840232/?video=3000006415&play=1

Warren Buffett Stock Picking Secret, Revealed!

Want to bet more like Buffett? You can. We've just learned one of his major stock picking secrets! When Warren Buffett puts money to work he obviously evaluates many factors; but it appears one factor stands head and shoulders above the rest.

And that’s pricing power.

According to Bloomberg, “The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview released by the panel last week.

“If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”

And that leads to an obvious question. Which companies have pricing power?

For insights we turned to our own Oracle - Anthony Scaramucci of SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management.

He tells us Buffett's pricing power thesis leads him to these three names.
    * Philip Morris [PM  61.43    0.59  (+0.97%)   ]
      - How they get pricing power: They sell cigarettes, an addictive product. Also he says there are very high barriers to entry.
    * Walter Energy [WLT  121.98    -6.32  (-4.93%)   ]
      - How they get pricing power: They provide of metallurgical coal a necessary element of steel production.
    * Loral Space & Communication [LORL  78.91    -0.19  (-0.24%)   ]
      - How they get pricing power: They control 70% of the market.

Get all the details. Watch the video now!
http://www.cnbc.com/id/41672672

Buffett Beats Gross in Global Poll as Investor With Most Wisdom

(Bloomberg) -- The Oracle of Omaha retains his pre-eminence as a market visionary, outshining a new wave of financial strategists and the best-known central bankers.Billionaire investor Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., is regarded as the best assessor of financial markets by a plurality of almost one-fourth of respondents to the quarterly poll of investors, traders and analysts who subscribe to the Bloomberg terminal.

The closest runner-up, Bill Gross, the founder and co- chief investment officer of Pacific Investment Management Co., is chosen by 16 percent. Billionaire investor George Soros gets 10 percent, followed by Nouriel Roubini, the New York University professor who in 2006 predicted the financial crisis, and Marc Faber, publisher of the Gloom, Boom & Doom Report.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXAO557NzJdg

Warren Buffett Says Economy Has ‘Hit a Plateau at Bottom’, Won't Dip Again

Warren Buffett, the billionaire investor who last year called the financial crisis an “economic Pearl Harbor,” said the U.S. economy has “hit a plateau at bottom.” “We have not bounced but we’ve quit going down,” Buffett, the 79-year-old chief executive officer of Berkshire Hathaway Inc., said today in an interview on CNBC.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYraS__55h34
globalmarketstrategist.blogpot.com

Closely Watched Buffett Recalculating His Bets

Warren E. Buffett has two cardinal rules of investing. Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.

Warren Buffett walked to a news conference as part of the Berkshire Hathaway annual meeting in May in Omaha.Well, a lot of old rules got trashed when the financial crisis struck — even for the Oracle of Omaha.At 79, Mr. Buffett is coming off the worst year of his long, storied career. On paper, he personally lost an estimated $25 billion in the financial panic of 2008, enough to cost him his title as the world’s richest man. (His friend and sometime bridge partner, Bill Gates, now holds that honor, according to Forbes.)

http://www.nytimes.com/2009/09/08/business/economy/08buffett.html?_r=1

Warren Buffett Loses "World's Richest Billionaire" Title

On Wednesday, Forbes released it’s hotly anticipate list of the world’s richest people and someone stole the top spot from Warren Buffett.CNBC’s Alex Crippen writes, “The 2009 rankings, just released by Forbes magazine, put Microsoft founder (and Buffett bridge partner) Bill Gates in the top position with an estimated wealth of $40 billion. Buffett is number two, with $37 billion, a decline of $25 billion from last year's $62 billion, or just over 40 percent. Mexico's Carlos Slim stays in the top three with $35 billion.The net worth of the world's billionaires fell from $4.4 trillion to $2.4 trillion, while the number of billionaires was down to 793 from 1,125.

Here’s a list of the billionaires who claimed the 10 top spots as ranked by Forbes.
1. William Gates III
2. Warren Buffett
3. Carlos Slim Helu
4. Lawrence Ellison
5. Ingvar Kamprad
6. Karl Albrecht
7. Mukesh Ambani
8. Lakshmi Mittal
9. Theo Albrecht
10. Amancio Ortega

Warren Buffet's View on Economy 2009 & A Letter to Shareholders

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