Buffett's Q＆A at Wharton

In a presentation he made to students at the Wharton School earlier this month and a subsequent interview with Fortune, Warren Buffett shared his thoughts on everything from the economy to the credit crisis and the Bear Stearns bailout.

In this Web exclusive, we present further excerpts from his talk with the students, in which the megabillionaire offers his insights on judging managers, buying businesses, what metrics - if any - he relies upon, and why he views his job as similar to painting the Sistine Chapel.

Direct Link - Buffett goes to Wharton.

Warren Buffett Finances Mars-Wrigley Deal

Warren Buffett spoke live this morning (Monday) with CNBC's Squawk Box about his role in today's $23 billion Mars acquisition of Wrigley.

Related Links :

• Warren Buffett Finances Mars-Wrigley Deal: The Complete CNBC Interview
• Mars, Buffett Team Up in Wrigley Bid
• Mars and Berkshire near pact to acquire Wrigley

Buffett Trip - Visit with Warren Buffett

On March 31, 2008 students from Dr. Athanassakos' Value Investing class travelled to Omaha, Nebraska to meet with Mr. Warren Buffet, the world's best known investor and the richest person in the world.

Related Links :

• Buffett Trip
• Read one student’s blog detailing the experience of the visit and the days leading upto the trip
• Read major takeaways from the meeting with Mr. Buffett from notes made by the Value Investing MBA students.

What Warren thinks

With Wall Street in chaos, Fortune naturally went to Omaha looking for wisdom. Warren Buffett talks about the economy, the credit crisis, Bear Stearns, and more.

If Berkshire Hathaway's annual meeting, scheduled for May 3 this year, is known as the Woodstock of Capitalism, then perhaps this is the equivalent of Bob Dylan playing a private show in his own house: Some 15 times a year Berkshire CEO Warren Buffett invites a group of business students for an intensive day of learning. The students tour one or two of the company's businesses and then proceed to Berkshire (BRKA, Fortune 500) headquarters in downtown Omaha, where Buffett opens the floor to two hours of questions and answers. Later everyone repairs to one of his favorite restaurants, where he treats them to lunch and root beer floats. Finally, each student gets the chance to pose for a photo with Buffett.

Direct Link - What Warren thinks

Buffett tips off MU crowd

Billionaire investor Warren Buffett takes part in a question-and-answer session with business college students during the “Emerging Issues and Trends in Real Estate” forum and educational conference yesterday at the Trulaske College of Business at the University of Missouri. Buffett called the Federal Reserve bailout of the nation’s fifth-largest investment bank a wise move that prevented a potential economic disaster, but he counseled caution in government efforts to stimulate the economy.

Article Link - Buffett tips off MU crowd.

Warren Buffett Answers Your Emails on Squawk Box: Transcripts

These are transcripts of Warren Buffett's series of live appearances this morning (Monday, March 3) on CNBC's Squawk Box.

• Full Transcript (PDF)
  
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 1)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 2)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 3)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 4)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 5)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 6)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 7)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 8)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 9)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 10)
• Warren Buffett Answers Your Emails on Squawk Box: Transcript (Part 11 and Final)

Warren Buffett on CNBC's Squawk Box, 3-3-08

This is a live blog of Warren Buffett's appearance on CNBC's squawk box during the 6am et hour. Buffett is live at the Nebraska Furniture Mart (a Berkshire Hathaway subsidiary) in Omaha with our Becky quick to answer your email questions.

Related Links :

• LIVE BLOG: Warren Buffett on CNBC's Squawk Box - 6am ET Hour
• LIVE BLOG: Warren Buffett on CNBC's Squawk Box - 7am ET Hour
• LIVE BLOG: Warren Buffett on CNBC's Squawk Box - 8am ET Hour
• Warren Buffett to CNBC: U.S. Economy in Recession By "Common Sense Definition"

Buffett's Words of Wisdom - 2007 Annual Letter

Warren Buffett's 2007 annual letter to Berkshire Hathaway shareholders comes out.

Related Links :

• 2007 Annual Letter (PDF)
  
• Whitney Tilson on Buffett's annual letter
• Andrew Kilpatrick, a Warren Buffett biographer, and Robert Miles, author of "The Warren Buffett CEO," discuss the Sage of Omaha.
  
• Buffett's Bets - Mohnish Pabrai
• A take on Warren Buffett's famed investor letter, with Mark Hake, Hake Capital Mgmt.; Mohnish Pabrai, Pabrai Investment Funds; and CNBC's Maria Bartiromo.

Notes from Buffett Meeting, 2-15-2008

Students from Emory's Goizueta Business School and McCombs School of Business at UT Austin were invited to come visit Mr. Buffett for a Q&A session. These notes were reproduced to the best of my ability as I heard and as I could recall them from a collection of mine and other students' notes. There is no guarantee that this was exactly what was said, but the intent was to preserve the spirit of the message. Enjoy.

Emory: With the popularity of "Fortune's Formula" and the Kelly Criterion, there seems to be a lot of debate in the value community regarding diversification vs. concentration. I know where you side in that discussion, but was curious if you could tell us more about your process for position sizing or averaging down.

Buffett: I have 2 views on diversification. If you are a professional and have confidence, then I would advocate lots of concentration. For everyone else, if it’s not your game, participate in total diversification. The economy will do fine over time. Make sure you don’t buy at the wrong price or the wrong time. That’s what most people should do, buy a cheap index fund and slowly dollar cost average into it. If you try to be just a little bit smart, spending an hour a week investing, you’re liable to be really dumb.
...

Direct Link - Notes from Buffett Meeting, 2-15-2008.

Wit and wisdom of Omaha's sage - Feb.07/2008

After an interview with the Financial Post, Warren Buffett, chairman of Berkshire Hathaway Inc., yesterday answered questions from some of Bay Street's top investor relations professionals. He shared more on his views on the markets, politics and the economy.

Q What are your views on the credit crunch?

A Credit has been repriced, but it has not become unavailable. There is repricing of risk and an unavailability of what I might call "dumb money," of which there was plenty around a year ago.

We first noted it big in the mortgage field. You had a situation a couple of years ago where virtually every American believed that house prices would do nothing but go up. If you've got every American believing that about any asset class, they're going to get more and more enthused about it, and borrow more and more money against it. And the lenders believed it, as well. And then you had Wall Street repackaging mortgages into unfathomable instruments that people bought to get a little bit extra yield, and now we are finding out what they own.

...

Related Links :

• Wit and wisdom of Omaha's sage
• Buffett “huge bull on the U.S. economy”
  

Warren Buffett to CNBC - 02/12/2008

In a live telephone call to Squawk Box, Buffett offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit rating.

Related Links :

• Buffett's Big Muni Bond Offer: CNBC Interview Transcript (Part 1)
• Buffett Sees Stocks In "General Range of Fair Value": CNBC Interview Transcript (Part 2)
• Buffett on Bond Insurers
• Billionaire Warren Buffett, Berkshire Hathaway chairman/CEO has some plans to resurrect this industry.
  
• Buffett on Bond Insurers 2
  

Business Wire Canada Opening Reception: A Conversation with Warren Buffett

• Title : Business Wire Canada Opening Reception: A Conversation with Warren Buffett
• Date and Time : Wednesday, February 6, 2008 4:00 p.m. ET
• Duration : 1 Hour 30 Minutes
• Location : Toronto Board of Trade

Webcast Link - A Conversation with Warren Buffett.

Buffett's Bond Venture

Warren Buffett's brand-new municipal bond insurer, Berkshire Hathaway Assurance Corporation, has sold its first coverage, backing a $10 million bond issued by New York City yesterday. Ajit Jain, who runs Berkshire's insurance businesses, tells the New York Times, "We're tip-toeing into the market, doing very small deals. We want to see if we can get the pricing that we find acceptable to us. Once we find this is real, we'll put in a lot more capital." He also describes how a call from a New York regulator played a key role.

Related Links:

• Warren Buffett's Muni Bond Insurer "Tip-Toes" Into Market With $10M NYC Bond
• Berkshire Hathaway's Jain Tells CNBC He's Talking "Right Now" With Bond Insurers About Possible Purchase or Partnership
• Buffett's Bond Venture Part 1 (Fox)
• Buffett's Bond Venture Part 2 (Fox)
• WSJ : Buffett to Start A Bond Insurer
  

Warren Buffett Watch's 8 Predictions for '08 - And Beyond

Here are CNBC Warren Buffett Watch's "Eight for '08" .. and beyond.

• Recessions can't be avoided forever.
• We'll survive future recessions just as we've survived past problems.
• Recessions will create opportunities.
  
• All stocks won't be cheap.
• The crowd will make mistakes.
• Investors will mistakenly think falling stock prices are bad.
• Good times will prompt bad decisions.
• There will be more dancing at another wild party followed by another painful hangover.

Direct Link - Warren Buffett Watch's 8 Predictions for '08 - And Beyond

Fox's Breakfast Buffett Video Clips

• Fox's Breakfast Buffett
• Fox's Breakfast Buffett Part-1
• Fox's Breakfast Buffett Part-2
• Fox's Breakfast Buffett Part-3
• Fox's Breakfast Buffett Part-4
• Fox - Buffett Exclusive
• Fox - Buffett Exclusive Part-1
• Fox - Buffett Exclusive Part-2

Warren Buffett In San Francisco Series (CNBC)

Warren Buffett In San Francisco - video clips & transcripts :

• Warren Buffett's Complete CNBC Interview: Video and Transcript (1 of 2)
• This is a transcript and video clip of the first part of Warren Buffett's live interview this morning on Squawk on the Street with CNBC's Becky Quick, in which he talks about the Federal Reserve, the U.S. dollar, the economy, and how his retail businesses are doing this holiday season.
  
• Warren Buffett's Complete CNBC Interview: Video and Transcript (2 of 2)
• This is a transcript and video clip of the second part of Warren Buffett's live interview this morning on Squawk on the Street with CNBC's Becky Quick. In this section, Buffett talks about the super-SIV proposal, the Bush administration's plan to encourage lenders to freeze some variable mortgage rates and about why he supports Hillary Clinton and Barack Obama for president.
• Warren Buffett Warning In CNBC Interview: Recession Possible If Unemployment Picks Up Significantly
• Warren Buffett Tells CNBC He Sees "Enormous Divergence" Ahead for Financials
• Warren Buffett to CNBC: Giving Money to Charity Isn't a Tax Dodge
• Warren Buffett to CNBC: Fed Rate Moves Shouldn't Matter to Long-Term Investors
• Warren Buffett Hosts San Fran Fund-Raiser for Clinton's Presidential Bid

CNBC Warren Buffett Going Global Series

Warren Buffett Going Global Series - video clips & transcripts :

• Warren Buffett Going Global: Becky's Video Diary

• When CNBC Squawk Box co-anchor Becky Quick traveled with Warren Buffett to Asia, she took a video camera along for the trip. Some of the material she shot will be appearing in the one hour CNBC special Warren Buffett: The Billionaire Next Door - Going Global that premieres tomorrow night (Friday, November 30) at 9p ET. In this web-only video clip shot with my own trusty minicam, you'll see some additional footage from Becky's "video diary" as she tells us what really happens "behind-the-scenes."
• Warren Buffett's Video Tour of Berkshire Hathaway Headquarters
• PART ONE: CNBC's Becky Quick traveled to Omaha, Nebraska recently to shoot additional material for her one-hour special focusing on Warren Buffett's whirlwind tour of Asia. While she was there, Buffett gave Becky an on-camera tour of the Berkshire Hathaway offices. He talked about some of the mementos he's collected and their personal significance to him, and to his investing style. Here on Warren Buffett Watch, you can see the entire walk-and-talk with Buffett and Becky.
• Warren Buffett's Video Tour of Berkshire Hathaway Headquarters Continues: Why 'Durable Competitive Advantage' Matters
• PART TWO: CNBC's Becky Quick traveled to Omaha, Nebraska recently to shoot additional material for her one-hour special focusing on Warren Buffett's whirlwind tour of Asia. While she was there, Buffett gave Becky an on-camera tour of the Berkshire Hathaway offices. He talked about some of the mementos he's collected and their personal significance to him, and to his investing style. Here on Warren Buffett Watch, you can see the entire walk-and-talk with Buffett and Becky.
  

Warren Buffett's Statement to Congress on Estate Taxes

Video clip and transcript of Warren Buffett's opening statement before the Senate Finance Committee holding a hearing on estate taxes.

• Video and Transcript : Warren Buffett's Statement to Congress on Estate Taxes
• Warren Buffett Arrives for Capitol Hill Appearance
• Warren Buffett Appears Before Senate Finance Committee
• Behind the Scenes at the Warren Buffett Hearing

NBC's Tom Brokaw Interview with Warren Buffett

The Tom Brokaw piece on NBC Nightly News Monday night highlighting Warren Buffett's call for a higher tax rate on very wealthy Americans includes an excerpt from a sit-down interview with Buffett.

• Video Link & Transcript : Warren Buffett and NBC's Tom Brokaw: The Complete Interview Part-1.
• Video Link & Transcript : Warren Buffett and NBC's Tom Brokaw: The Complete Interview Part-2.

Warren Buffett's Trip to Asia Links

I consolidate related links about Warren Buffett's trip to Asia :

• Press Conferences
• Buffett's Press Conference in Dalian, China (29 min Audio)
• Buffett's Press Conference in Daegu, South Korea (Source :BRKNEWS)
  
• Buffett's Press Conference in Daegu, South Korea Part-1 (15 min video)
• Buffett's Press Conference in Daegu, South Korea Part-2 (19 min video)
• Buffett's Press Conference in Daegu, South Korea Part-3 (21 min video)
• CNBC
• Becky Quick Reveals What She Learned On the Road with Warren Buffett(8 min Video)
• Warren Buffett Sees "Fairly Significant" Chance U.S. Going Into Recession(3 min Video)
• Warren Buffett on Value Investing, Repackaging Toads, Google and Investing in North Korea(2 min Video).
• What's in Warren Buffett's Wallet?(3 min Video).
• Is China's Stock Market a "Bubble?"(4 min Video).
  
• Becky Quick's High Flying Interview with Warren Buffett About China (4 min Video).
• Why Warren Buffett Made the Long Trip to Asia (5 min Video).
• Warren Buffett in Korea: Stocks There Look Good, U.S. Dollar Doesn't and Subprime Fallout Will Deepen
• Warren Buffett Chats with Jack Welch on CNBC's Squawk Box (10 min Video) & Transcript
  
• Buffett's Daily Reading List
• U.S. Dollar Not the "Best Currency in the World" to Own Right Now(5 min Video).
• Wheels Up(1 min Video).
  
• Bloomberg
• Warren Buffett Says China's Stock Market Is 'Too Hot'
• Berkshire Seeks to Invest in Big Asian Businesses, Buffett Says
  
• Buffett Is `Appreciative' of PetroChina's Performance
  
• Warren Buffett Says South Korea Stocks Are Attractive
  
• Buffett `Still Negative' on U.S. Dollar, Likes Korea
• Other Related Links
• Buffett personally cuts ribbon at Iscar China
• Buffett Sees Subprime Woes Lingering