Tag:
Warren Buffett
Latest Headlines
Latest Headlines
Buffett surges ahead in competition with hedge funds
Recall that in 2007 Warren Buffet made a 10-year wager that the Standard & Poor's 500 index will outperform a group of hedge funds after fees.
Bank of America capital efforts weigh on stock
Bank of America has once again tested its post-financial crisis lows, continuing its flirtation with penny stock status. The stock has yet to break through the $5 a share support level, but no one
Bank of America stock plunges below $6
Bank of America has been buffeted from all sides. The entire banking sector is creaking. The economy is worsening. Regulatory woes are intensifying. Its legal liability for all its mortgage woes
Richard Bove vs. Warren Buffett
The lore of Warren Buffett is built around the idea that the sage of Omaha is a fairly average guy who relies on common sense to invest the old-fashioned way. But the ubiquitous bank analyst Richard
Carried interest tax debates ignites again
The Obama Administration's proposed jobs bill has revived the idea of raising the tax on carried interest, the portion of an alternative investment manager's income that stems from performance. Such
Bank of America shakes up executive suite
It's never a good sign when a company announces two major executive shake ups in short order. The danger is that the second move comes across as a sign of desperation and an indication that the bank
A clarification on Buffett's investment in Bank of America
Mea Culpa. Not too long ago I wrote an item about Warren Buffett's deal to invest $5 billion in Bank of America via preferred shares. I erroneously stated that, as cumulative perpetual preferred
Bank of America sells most of CCB shares
Brian Moynihan has been adamant that Bank of America will not need to punish common shareholders by issuing more shares to raise Tier 1 capital, claiming that the troubled bank has plenty of assets
Warren Buffett rides to the rescue of John Paulson
Warren Buffet's deal to invest $5 billion in Bank of America preferred shares led to a strong rally in the ailing stock, and in so doing, gave a lot of ailing hedge fund managers a boost. Many had
Buffett invests $5 billion in Bank of America
Just as Warren Buffett rode to the rescue of Goldman Sachs at the height of the financial crisis, so too is he riding to the rescue of Bank of America. Bank of America has announced that the sage of
