All posts tagged: Buffett

Warren Buffett says he hasn’t talked to Bill Gates

Warren Buffett says he hasn’t talked to Bill Gates

Published by Sam Flores

Warren Buffett said Tuesday that he has not spoken to Microsoft founder Bill Gates “since the whole thing” with the Jeffrey Epstein files “was unveiled.” “I haven’t talked to him at all since the whole thing was unveiled,” Buffett told CNBC’s Becky Quick on “Squawk Box.” “I don’t want to be in a position where I know things … to be called as a witness,” said the Berkshire Hathaway chairman, who since 2006 has donated more than $43 billion to the Gates Foundation, the philanthropic organization founded by Gates and his ex-wife, Melinda Gates. Gates became friends with Epstein in 2011, three years after Epstein pleaded guilty in Florida state court to soliciting an underage girl for prostitution. Emails and photos detailing Gates and Epstein’s friendships have been revealed in documents released by the Department of Justice and Congress since late 2025. Gates, in February, apologized to staff at the Gates Foundation for his association with Epstein and admitted having affairs with two Russian women, which Epstein learned of, The Wall Street Journal previously reported. …

Greg Abel Praises Warren Buffett and Promises Berkshire Hathaway Won’t Retreat From Investing

Greg Abel Praises Warren Buffett and Promises Berkshire Hathaway Won’t Retreat From Investing

Published by Sam Flores

OMAHA, Neb. (AP) — Greg Abel paid tribute to his predecessor Warren Buffett while promising in his first shareholder letter that Berkshire Hathaway won’t retreat from investing or make significant changes in the way it operates. Abel said he will always maintain Berkshire’s financial strength but investors shouldn’t look at the company’s $373.3 billion cash as a sign that it’s not interested in new investments. The number is actually down slightly from the third quarter’s $382 billion. Abel said that cash acts as “dry powder” to ensure Berkshire is ready to act at a moment’s notice. “Our balance sheet is a strategic asset to be deployed at the right time. It allows us to act decisively, invest when others are tentative or fearful, and stand firm when financial storms roll through,” Abel wrote. But Abel did say Berkshire will avoid buying any businesses “that undermine the fabric of society or could jeopardize Berkshire’s reputation” without explaining which companies that standard might exclude. CFRA Research analyst Cathy Seifert said she wonders whether Abel would consider AI …

Why Is “Canadian Warren Buffett” Panic-Buying Under Armour Stock

Why Is “Canadian Warren Buffett” Panic-Buying Under Armour Stock

Published by Jenni Sidey

Our shift in coverage on Under Armour began in late September, when we flagged a UBS report from analyst Jay Sole, who forecasted a major inflection point for the long-struggling Baltimore-based apparel company. Sole argued that sentiment would turn positive in FY27, setting the stage for stock outperformance. That bullish thesis has certainly seen its timeline accelerated, with a surge in heavy insider buying igniting a sharp rally this month. Shares of UAA have surged this month, with year-to-date gains of 27.5%. If these gains hold through year-end, it would mark the best year for Kevin Plank’s company since 2014. Let’s begin with UBS analyst Sole’s inflection point call after a ten-year bear market: Then what really piqued our interest was Fairfax Financial Holdings’ disclosure earlier this month of a 22.2% ownership stake in UA, making it the company’s largest shareholder. Insider buying has continued. Bloomberg insider transaction data shows Fairfax Financial continues to panic-buy UA stock, with 5 million more shares disclosed on Wednesday. Last week, the firm bought 3.61 million shares. Latest data …

Warren Buffett officially retires as Berkshire Hathaway’s CEO : NPR

Warren Buffett officially retires as Berkshire Hathaway’s CEO : NPR

Published by Sam Flores

Shareholders pose with a lifesize cardboard cutout of Warren Buffett in 2022, during Berkshire Hathaway’s annual shareholders meeting in Omaha, Nebraska. Chandan Khanna/AFP via Getty Images hide caption toggle caption Chandan Khanna/AFP via Getty Images The “Oracle of Omaha” has officially retired. Mostly. At age 95, legendary investor Warren Buffett stepped down on Wednesday as CEO of Berkshire Hathaway, the once-failing textile business he spent 60 years building into one of the world’s largest and most powerful companies. Today marks another step in Buffett’s long — and still partial — goodbye from Berkshire Hathaway. It’s the first day under Buffett’s longtime deputy and handpicked successor, Greg Abel. “He is a great manager, a tireless worker and an honest communicator. Wish him an extended tenure,” Buffett wrote to Berkshire shareholders in a November letter. Together with his longtime business partner and close friend, the late investor Charlie Munger, Buffett transformed Berkshire Hathaway into a global powerhouse. Today, the massive conglomerate owns businesses ranging from insurance companies and railroads to Dairy Queen and Duracell batteries. It’s also …