The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
When Warren Buffett's Berkshire Hathaway (BRKA) bought railroad Burlington Northern Santa Fe in late 2009, he famously declared that it was an "all-in" wager on the U.S. economy.
And when Berkshire invested in Bank of America MOREPaul R. La Monica - Feb 14, 2013 12:42 PM ET
Warren Buffett is getting back to basics. Berkshire Hathaway's three new third quarter investments are in companies that create the building blocks for manufacturing and agriculture.
Warren Buffett's Berkshire Hathaway (BRKA) (BRKB) purchased new stakes in Deere & Company (DE), Precision Castparts (PCP), and Wabco (WBC), according to SEC filings released Wednesday afternoon. Deere is the well-known maker of tractors and other farm equipment. Precision Castparts makes the nuts and MOREMaureen Farrell - Nov 14, 2012 5:46 PM ET
Warren Buffett and Jack Welch had a bizarre exchange on CNBC Monday morning in which the Oracle of Omaha praised Welch's prowess as a salesman of purple shoes.
The mystery is now solved, sort of.
In a short email to CNNMoney late Tuesday, Buffett explained that Welch was "one helluva shoe salesman" when he worked for Thom McAn. The Berkshire Hathaway (BRKA) (BRKB) CEO said Welch, a former chief executive of General MOREBen Rooney - Nov 6, 2012 5:02 PM ET
Whitney Tilson is doubling down on Netflix (NFLX) and Warren Buffett's Berkshire Hathaway (BRKA).
Speaking to investors at the Value Investing Congress in New York Monday, the well-known hedge fund manager said Netflix is due for an Amazon-style (AMZN) ride over the next decade. Investors seemed to agree (at least for now), sending shares of Netflix up 3% Monday.
Tilson said Netflix has shown minimal profits because it's largely reinvested MOREMaureen Farrell - Oct 1, 2012 2:30 PM ET
Warren Buffett might not like technology that much after all.
The legendary investor exited his entire position in Intel (INTC) during the second quarter. His firm, Berkshire Hathaway (BRKA) (BRKB), bought into the computer chip making firm just three quarters ago. Such a rapid exit is rare for Buffett, who is known for his buy-and-hold value stocks ethos.
Berkshire Hathaway's only addition to his fund's portfolio in the second quarter was the MOREMaureen Farrell - Aug 14, 2012 4:58 PM ET
|United Airlines reaches settlement with passenger who was dragged off plane|
|Southwest Airlines will no longer overbook its flights|
|Here's Trump's record on the middle class|
|The 10 things United is doing to avoid another dust-up, drag-out passenger fiasco|
|Reminder: Tax cuts alone don't make the economy soar|