Latest Charlie Munger Stories

Warren Buffett Buys 5.4 Percent Stake In IBM
2011-11-15 06:17:02

Billionaire investor Warren Buffett said on Monday that his Berkshire Hathaway investment firm boosted its holdings of IBM to $10.7 billion, or about 5.4 percent of the company´s outstanding stock, during the third quarter. Mr. Buffett made the disclosure during an appearance on the financial news channel CNBC on Monday, saying Berkshire had been buying stock in IBM since March and now owns 64 million shares. Berkshire began buying shares of IBM after Mr. Buffett, 81, read the...

2008-09-24 12:00:09

Warren Buffett, riding to the rescue at Goldman Sachs (GS) with a $5 billion cash infusion announced Sept. 23, has long used the services of the giant investment bank, though sometimes grudgingly so. When the Oracle of Omaha cut a deal with the Pritzker family last year to buy a $7 billion-a-year crazy-quilt of businesses called Marmon Holdings, Buffett proudly said that he and the wealthy Chicago family arrived at a price without the help of advisers, a style that let them avoid...

2006-05-26 11:00:00

By Jonathan Stempel TORONTO (Reuters) - The auction for a ukulele autographed by billionaire Warren Buffett, renowned for his investing discipline, has been won by an online casino based in Antigua. A spokesman for GoldenPalace.com confirmed that the casino submitted the winning $11,211.11 bid for the white ukulele that Buffett, who runs insurance and investment company Berkshire Hathaway Inc., auctioned on eBay Inc.' Web site. Proceeds will benefit Omaha Children's Hospital, which is part of...

2006-05-05 18:22:21

By Megan Davies OMAHA, Neb (Reuters) - Investors will go to great lengths to hear U.S. billionaire Warren Buffett speak. Jack Asallas from Montevideo, Uruguay, paid $1,200 and spent 24 hours on four planes to reach the annual meeting of Buffett's insurance and investment company Berkshire Hathaway being held in Omaha, Nebraska, on Saturday. But he believes it is worth every cent to hear the "Oracle of Omaha" speak -- even if he was delayed for three hours in Washington, D.C., and...

Word of the Day
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'