Warren Buffett On Goldman Sachs And Apple

Buffett on Succession, Investment in Goldman Sachs

Discussion of Apple bonds and Goldman begins at 2:25. Warren explains why he balked at exercising warrants that would have given him a 9% stake in Goldman.  Berkshire currently owns 2% of Goldman's outstanding shares.

May 6 (Bloomberg) -- Warren Buffett, Berkshire Hathaway CEO, talks about succession, Berkshire's investment in Goldman Sachs Group Inc. and his thoughts on the future of Ben Bernanke at the Federal Reserve.

More on Buffett's recent tax dodge in Goldman here...

Comments

[DailyBail]

Warren Buffett On U.S. Economy: 'This Is Not Our Toughest Hour'

http://www.huffingtonpost.com/2013/05/05/warren-buffett-us-economy_n_3219009.html

[DailyBail]

Buffett worries about Fed's 'huge experiment'

http://finance.fortune.cnn.com/2013/05/04/buffett-worries-about-feds-huge-experiment/

Says he admires Ben Bernanke but thinks the Fed chief may have overplayed his hand.

[DailyBail]

Buffett on CNBC warns of looming big bond losses

NEW YORK - Bonds are "a terrible investment" right now, Berkshire Hathaway Chairman and Chief Executive Warren Buffett told CNBC Monday. He recommended holding a comfortable amount of cash but otherwise investing in "productive assets", and called having a set asset-allocation strategy "silly." Bond prices are artificial right now given the Federal Reserve's purchases of $85 billion a month, "and when that changes, people could lose a lot of money."

http://www.marketwatch.com/story/buffett-on-cnbc-warns-of-looming-big-bond-losses-2013-05-06?

[DailyBail]

Buffett vs. Gross vs. Blankfein

http://blogs.marketwatch.com/thetell/2013/05/06/buffett-vs-gross-vs-blankfein-for-every-bond-bear-theres-a-bull/

Good read

[Josie]

Is it just me or is WB showing some advanced age in the last year or so. The guy does not look too good.

[SKINFLINT]

He has been around just a couple of years too long. Munger is looking like hell to. Just what a mess these two men are.

[DailyBail]

Buffett in 1987:

“The faith that foreigners are placing in us may be misfounded. When the claim checks outstanding grow sufficiently numerous and when the issuing party can unilaterally determine their purchasing power, the pressure on the issuer to dilute their value by inflating the currency becomes almost irresistible. For the debtor government, the weapon of inflation is the economic equivalent of the “H” bomb, and that is why very few countries have been allowed to swamp the world with debt denominated in their own currency. Our past, relatively good record for fiscal integrity has let us break this rule, but the generosity accorded us is likely to intensify, rather than relieve, the eventual pressure on us to inflate. If we do succumb to that pressure, it won’t be just the foreign holders of our claim checks who will suffer. It will be all of us as well.”

http://www.forbes.com/sites/realspin/2012/11/30/buffetts-billions-cant-buy-him-exemption-from-his-tax-averse-past/2/

[SKINFLINT]

Apple schools the Federal Government. http://www.guardian.co.uk/technology/2013/may/21/apple-wants-single-digit-corporate-tax?guni=Network%20front:network-front%20main-3%20Main%20trailblock:Network%20front%20-%20main%20trailblock:Position14