Buffett Loves Harold, Adds $10.7 billion in IBM Shares

Warren Buffett appeared on CNBC this morning with something of a word puzzle for Joe Kernan and the gang.

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Buffett Buys Big: Guru Goes Long $20 Billion in the Last Quarter

In 45 years of marriage, Donald and Mildred Othmer built a quiet and unpretentious life. Like so many of their day they practically blended in with the woodwork.

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Pea Shooters, Elephants and Government “Solutions”

“Do something” is fast-becoming the recurring whine of most financial market commentary. In fact, “Do something” is fast-becoming the recurring whine of almost all socio-economic expression in the Western World.

From the rioters in Greece, to the Occupiers on Wall Street, to the long-term unemployed of America’s big cities, to the underwater homeowners of America’s small towns to the heavily indebted college grads nationwide; the desperate citizens of the Western World are turning to their governments and shouting, “Do something!”

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Where Warren Buffett is Wrong

We got the news yesterday. Gold went over $1,900. This morning we find it soared $39 yesterday.

Wow!

Has making money ever been easier? We bought gold at around $300 at the turn of the century. Now, it’s 6 times as much. And if Ben Bernanke announces another money-printing spree, gold will probably close the week over $2,000.

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Where Warren Buffett is Wrong

We got the news yesterday. Gold went over $1,900. This morning we find it soared $39 yesterday.

Wow!

Has making money ever been easier? We bought gold at around $300 at the turn of the century. Now, it’s 6 times as much. And if Ben Bernanke announces another money-printing spree, gold will probably close the week over $2,000.

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Warren Buffett’s Worst “Investment”

Warren Buffett is a gifted investor. No doubt about it. Over a career spanning roughly six decades, he’s amassed a fortune for himself upwards of $50 billion. As the primary shareholder, chairman and CEO of Berkshire Hathaway, the “Oracle of Omaha” has also done well for his investors. Those who bought shares of his investment company back in 1990 have since made over seventeen times their money, or more than 14% per year. Even though that return has fallen to about 5 or 6% per year over the last decade, Berkshire has still handily outperformed the market. As such, his annual shareholders’ meeting draws an adoring crowd large enough to make most rock bands blush.

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Cash on Hand…An Investors’ Best Friend

Warren Buffett’s annual letter to shareholders came out recently. This is probably one of the most anticipated shareholder letters in the financial world. Everyone wants to know what the Oracle’s take on the world is. Also, because Berkshire is so large and spread across so many sectors – it owns 80-plus businesses now – his thoughts may give some insight into how the economy is doing.

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Demystifying the Legend of Warren Buffett

Warren Buffett is a smart guy. Warren Buffett is a rich guy. Most folks assume a connection between the two…and that’s probably true. But Warren Buffett is also a lucky guy.

Even though luck is not a feature of the officially sanctioned Buffett mythology, good fortune has certainly contributed to his large fortune.

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A World of Leaks and Full Disclosures

Here’s a shocking disclosure. Somehow, WikiLeaks got a copy of private memos – diary entries, really – written by David Sokol. As you know, Sokol was the man who was the front-runner to replace Warren Buffett at Berkshire Hathaway. He was also the man who made $3 million by front running Berkshire’s latest purchase. Both Sokol and Buffett denied that the purchase of Lubrizol shares had anything to do with the former’s departure. The diaries confirm the claim.

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