Intelligent Investor Club

Warren Buffet was recently interviewed on CNBC about his thoughts on Goldman Sachs and the state of the U.S. economic recovery.

You can watch the full interview in two parts below. If you prefer reading, the transcript can be found here.

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Warren Buffett stars from 1 min 40s onwards.

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Earlier this week, Warren Buffett and Henry Paulson appeared in an informal 50-minute “conversation” that focused on Paulson and the events he writes about in his book, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System

On the Brink gives an insider account of the events that unfolded in the biggest financial crisis that took place since the Great Depression.

Continue Reading » Henry Paulson On The Brink

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A couple of days ago, Warren Buffett and Bill Gates were at the Columbia Business School to answer questions from their students.

It was a lively session hosted by Becky Quick of CNBC.

The full transcripts of the session can be read here:

Warren Buffett and Bill Gates Columbia Business School Full Transcript

Excerpts and Images From the Event

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Warren Buffett’s Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., a $34 billion acquisition that if approved will be the biggest in Berkshire’s history.
Continue Reading » Buffett Buys Burlington Northern Santa Fe

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Warren Buffett had a quick interview with CNBC Becky Quick on Monday following Berkshire’s AGM over the weekend.

Some points from the interview include:

• Warren Buffett is optimistic about the U.S. economy over the long term, but has no idea how it will be in the short term. It will ultimately turn; he just don’t know when.
• The time to buy stocks is when business sentiment is bad and nobody is buying.
• The more cheap things become, the more he will buy. He likes to buy when things are cheap. While it is not the most attractive time now (it was in 1974 and 1975), it is among the more attractive now.
• He reads 5 newspapers a day but the future of newspapers companies is very bleak.
• The U.S. will need more tax revenue. Countries which has a huge debt always end up inflating their way out of it.

Complete transcripts of the interview can be downloaded here.

You can watch the clips below:

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It has been some time since my last post. Last weekend, Warren Buffett released his annual letter to shareholders for the 2008 performance of Berkshire. Thought I would do a quick summary here.

The start of the letter shows a comparison of Berkshire versus the S&P. Since 1965, the per-share book value of Berkshire has only gone down twice (on an annual basis). 2001 saw a 6.2% drop while 2008 saw a 9.6% drop. The book value has risen from $19 to $70,530, or 20.3% compounded annually. $2000 invested with Berkshire in 1965 would have grown to almost $7 million today.

Continue Reading » Warren Buffett’s Letter - 2008

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I just read an article that Warren Buffett wrote recently in The New York Times. In the article, Warren Buffett mentioned that he is currently putting his own cash into equities. What is his reason for doing so?

You can find out more but reading this article:

Warren Buffett- Buy America, I am

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Warren Buffett was recently interviewed by Charlie Rose on the current financial crisis. In this interview, Warren Buffett shares his views on:

• The bailout by the US government
• His recent purchases in GE and Goldman Sachs
• The recession that we are currently in and how long it will last
• The innovators, the imitators, and the idiots
• The loss of confidence in the credit market and it’s consequences

You want to be greedy when others are fearful.  You want to be fearful when others are greedy.

You can watch the video of the interview below.

The complete text transcript is also available at the CNBC website.

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In the midst of the financial crisis, Warren Buffett has moved in to buy over a company - at a bargain price.

Constellation Energy, a company which is the nation’s largest competitive supplier of electricity to large commercial and industrial customers and the nation’s largest wholesale power seller, was bought over by MidAmerican Energy Holdings Company, a subsidairy of Berkshire Hathaway.

The purchase was paid for in cash for abuot $4.7 billion, or $26.50 per share. For the record, Constellation’s stock closed at $58.37 last Friday and finished 2007 at $102.53.

Continue Reading » Warren Buffett Buys Over Constellation Energy

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