When I turned bearish in January 2016 I missed three critical elements that caused the S&P 500 to grind toward record highs. First, a sufficient number of other investors did not share my skepticism about the global economy. Second, I misjudged investor faith in central bankers. Third, I underestimated the continued global appetite for yield bearing stocks. However, in recent days a host of big money investors have been vocally bearish. Does this mean the herd is turning and that I may have just been early? Perhaps, but what are these investors seeing that has led them to embrace my skepticism? Risk versus reward.
Donald Trump brushed off criticism from billionaire Warren Buffett, telling Fox Business on Tuesday "I don't care much about" the Oracle of Omaha.
The response came a day after Buffett — while campaigning alongside Hillary Clinton in his home state of Nebraska — challenged Trump to release his tax returns and slammed his business record.
The race for the White House has turned into a battle between billionaires.
Berkshire Hathaway CEO Warren Buffett, Dallas Mavericks owner Mark Cuban, and former New York City Mayor Michael Bloomberg have all recently come out against Republican presidential nominee Donald Trump.
Buffett joined Democratic presidential nominee Hillary Clinton on the campaign trail Monday, and used his introductory speech to take aim at Trump and his business record.
Buffett also challenged Trump to release his taxes to the American people. "Nobody's going to arrest us, there are no rules against showing your tax returns," the Oracle of Omaha said.
Following is the unofficial transcript of a CNBC interview with Berkshire Hathaway Chairman and CEO Warren Buffett on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Thursday, July 21st. Following are links to the interview on CNBC.com:http://video.cnbc.com/gallery/?video=3000536420 and http://video.cnbc.com/gallery/?video=3000536418.
Billionaire investor Warren Buffett told CNBC on Thursday that companies should stop issuing earnings guidance because it can lead to "a lot of malpractice" and "bad results."
The chairman and CEO of Berkshire Hathaway appeared on "Squawk Box" to run down the ideas for reforming corporate governance that he and other powerful business and investment leaders discussed in a series of quiet meetings over the past year or so.
If you're an aspiring entrepreneur or small business owner, Warren Buffett wants you to do something tomorrow morning.
"Tomorrow morning, when you look in the mirror after you've gotten up, just write — put it in lipstick or whatever you want on the mirror — just put 'delight my customer,'" Buffett said at Goldman Sachs' 10,000 Small Businesses panel event at LaGuardia Community College on Tuesday afternoon.
The phrase is not "satisfy my customer," Buffett clarified.
Warren Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway
