Warren Buffett

Ever since Berkshire Hathaway (BRK) reported earnings earlier in the month, a number of people have been abuzz about the “losses” generated from marking-to-market some of the derivatives on the books. Barron’s had a Q&A with short hedge fund manager Doug Kass  where Kass said he was short BRK because of Buffett’s “investment-style drift,” which has led him to take large positions in derivatives instruments - which he famously derided as “financial weapons of mass destruction” in his 2002 letter to shareholders.

Warren Buffett has urged investors to lower their expectations during this queasy economic year. That's not exactly what they want to hear from Buffett, whose $62 billion net worth and excellent long-term track record tends to infect his admirers with overwrought expectations.

BR Anchor Susie Gharib spent the weekend in Omaha, Nebraska covering the 2008 Berkshire Hathaway Shareholders' Meeting. On tonight's program, she files a detailed report on the event and what Warren Buffett had to say about the state of his company. Susie's broadcast report includes excerpts of an interview she conducted with Buffett.

You can watch the complete six minute interview here

This year, anchor Susie Gharib interviews Buffett's three children to find out what their father taught them about money and business.

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Warren Buffett would consider a $40 or $50 billion deal within the next year, according to an exclusive interview Buffett gave Fox Business Monday morning.

When asked if he would engage in a $40 or $50 billion deal before this time next year, Buffett said, “If it was a good one, I’d figure out a way to do it, yeah.”

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Warren Buffett said investors should think independently when making buying choices. The Korean market trumps American banks.

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Berkshire Hathaway will consider investing in the insurance business of U.K. banking giant Royal Bank of Scotland and is close to buying a medium-sized company in the country, Chairman Warren Buffett said Sunday

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Billionaires Warren Buffett and Charlie Munger say the pain many financial institutions are feeling because of the credit crunch is well deserved. The chairman and vice chairman of Berkshire Hathaway Inc. said Sunday that the financial companies that engineered subprime mortgages and the investment funds backed by those mortgages don't deserve much sympathy as they record losses now.

Buffett said the current financial crisis is a byproduct of a system that encouraged executives to "paint pretty pictures."

Notes from Berkshire Hathaway Annual Meeting (May 3, 2008) courtesy of Peter Boodell

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This is the news conference held by Warren Buffett and Charlie Munger at the Berkshire Hathaway Annual Meeting in Omaha, Nebraska on Sunday, May 4, 2008, as live-blogged on CNBC.com's Warren Buffett Watch. 

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