All Posts Tagged With: "Warren Buffett"
Berkshire Hathaway (NYSE: BRK-B) Chairman Warren Buffett Takes $100,000 Salary For 29th Year
In a time when bailed out Wall Street firms are reporting multi-million dollar payouts to executives for 2009, Warren Buffett, the Oracle of Omaha took just $100,000 from Berkshire Hathaway, the company he led to a 60 percent earnings increase in 2009. The $100,000 annual salary last year, marks the 29th straight year that Buffett’s [...]
Wells Fargo (NYSE:WFC), Citigroup (NYSE:C) Targets of Large Institutional Investor
With the banking industry beaten down over the last couple of years, institutional investors are circling like vultures to find financial institutions that have a lot of upside potential, and a couple of major banks on the radar of the firms are Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C), which has some major investors buy shares [...]
Warren Buffett Doesn’t Like Obama Bank Tax, Saying it’s “Trying to Punish People”
I was surprised to hear Warren Buffett state in an interview on Bloomberg Television yesterday that he opposed the Obama tax on financial institutions, as he views it as “trying to punish people.” Buffett said in the interview that “I don’t see any reason why they should be paying a special tax,” as those proposing [...]
Analysts: Wells Fargo (NYSE:WFC) Would Need to Raise $34 billion to Match Bank of America’s (NYSE:BAC) Capital Ratios
Analysts at Keefe, Bruyette & Woods said on Thursday that in order for Wells Fargo (NYSE:WFC) to maintain capital ratios of 8.5 percent as Bank of America (NYSE:BAC) will, they would have to raise up to $34 billion to do it in order to pay back their TARP payment. Even so, the firm said Wells [...]
Warren Buffett, Goldman Sachs (NYSE:GS) Working Together to Help Small Business?
In an attempt to shore up their shattered images to many people, Warren Buffett of Berkshire Hathaway (NYSE:BRK-A) and Goldman Sachs (NYSE:GS) are working together in efforts to help small business. As big business siphoned off the stimulus dollars, largely leaving small business out in the cold, it seems this is an attempt to court public [...]
Warren Buffett Increases Stake in Wells Fargo (NYSE:WFC) Via Berkshire Hathaway (BRK:A) – Is it Ethical?
In its most recent regulatory filing, Berkshire Hathaway (BRK:A) increased its stake in Wells Fargo (NYSE:WFC) by over 10 million shares in the third quarter. To me, this does raise ethical questions on the part of the actions and comments of Warren Buffett, who has been backing up the bailout of banking and other institutions [...]
Editorial: Wells Fargo (NYSE:WFC) Quarterly Report Shows Folly of Assertion the Recession is Over
Anyone who understands that statistics, surveys, polls, and other data-gathering mechanisms and reports can be made to say whatever the presenter or receiver of them wants or interprets, you will know that release of the third-quarter results by Wells Fargo (NYSE:WFC) recently are devastating to the hoax that the recession is over and recovery has [...]
Wells Fargo (NYSE:WFC) Raising Credit Card Interest Rates 3 Percentage Points Before New Limits Put in Place
Wells Fargo & Co., of which Warren Buffett has a large stake via his Berkshire Hathaway (NYSE:BRK.A) holding company, has decided to raise its interest rates on credit cards by 3 percentage points before the upcoming rules are put in place, which will limit credit card rates when they are put into effect. Wells Fargo [...]
Wells Fargo Under Increasing Scrutiny Over its Assessment of its Loan Portfolio
Wells Fargo’s (NYSE:WFC) leadership is coming under increased scrutiny as its interpretation of its loan situation in contrast to its shareholders, analysts and outside examiners brought in to go over their books is diametrically opposed, with some thinking the top executives at Wells Fargo could be “delusional.” The management at Wells Fargo assert that the [...]
Warren Buffett: Monetary Medicine Leaving Disastrous Side Effects
While it’s sad to see Warren Buffett in his old age become a shill for the Obama administration, basically abandoning his past practice of focusing on the free markets. He does at least admit to the extraordinary problems emerging from throwing the unprecedented amount of taxpayers’ money and bailing out industry after industry. Before we [...]
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Great post but complicated to understand since I am from Faroe islands ;-) 
What would be your top three tips for anyone new to this topic?