The future succession of Warren Buffett at Berkshire Hathaway took another twist yesterday after the billionaire hired a 39-year-old hedge manager to his investment team.
Billionaire investment guru Warren Buffett says it will be a "sad day" when Goldman Sachs unwinds his profitable $5bn position in the banking giant.
The US Securities and Exchange Commission questioned Warren Buffett's Berkshire Hathaway in Q2 on why it was not writing down large losses on shares in Kraft and US Bancorp.
In the latest Conjecture debate, our panelists from Legg Mason, Threadneedle and Standard & Poor's discussed US Large Cap companies.
Legg Mason veteran Bill Miller, the renowned manager who beat the S&P 500 for 15 consecutive years, believes US equity markets could climb by as much as 20% over the next year.
Goldman Sachs could repay a $5bn preferred stock investment from Warren Buffett's Berkshire Hathaway, which helped the bank negotiate through the 2008 financial crisis.
Bank shares in the US dived overnight after a group of investors united to try force Bank of America to repurchase soured mortgages packaged into $47bn of bonds.