Berkshire Hathaway to buy Lubrizol for $9B in cash
Warren Buffett: Buying Berkshire Hathaway Was $200 Billion Blunder
Warren Buffett says Berkshire Hathaway is the "dumbest" stock he ever bought.
He calls his 1964 decision to buy the textile company a $200 billion dollar blunder, sparked by a spiteful urge to retaliate against the CEO who tried to "chisel" Buffett out of an eighth of a point on a tender deal.
Warren Buffett says second stimulus might be needed
Where the Bargains Are, Bruce Berkowitz and Susan Byrne
Value-oriented fund managers, Bruce Berkowitz and Susan Byrne talked to the Morningstar Investing Conference about what stock deals they're buying now -- and what to avoid. Berkowitz's Fairholme fund (symbol FAIRX) has lost 6.47% year-to-date through June 26, beating Standard & Poor's 500-stock index by nearly five percentage points.
No end in sight to market woes say Trichet, Buffett
The end to the credit crunch is still not in sight, European Central Bank President, Jean-Claude Trichet and Warren Buffett warned on Monday.
"These are demanding times, challenging times... It is an ongoing, very significant market correction," Trichet told BBC radio in Britain.
Mars buying gum maker Wrigley with financing from Buffett
Candy maker Mars Inc. is buying Wm. Wrigley Jr. Co., the confectioner behind Juicy Fruit and Doublemint gum and Life Savers candy, for about $23 billion in cash, the companies announced Monday.
The agreement has the potential to transform the globe's confectionery industry and could spawn a series of other combinations.