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A court battle is brewing over Jimmy Buffett's $275 million estate. The late singer's widow, Jane, and the co-trustee of the estate, Richard Mozenter, have filed lawsuits against one another. Attorneys said the Buffett case offers important lessons for families planning wealth transfers. A court battle over the late-singer Jimmy Buffett's $275 million estate has highlighted the growing litigation over the trillions of dollars in wealth being passed down to spouses and families, experts said. Jimmy Buffett's widow, Jane Buffett, filed a petition last week in a Los Angeles court to remove her co-trustee, Richard Mozenter, from the marital trust...

The U.S. government has been running budget deficits for years — consistently spending more than it collects. And while neither party has managed to rein in the red ink, legendary investor Warren Buffett once offered a surprisingly simple fix. ... "I could end the deficit in five minutes,” Buffett told CNBC’s Becky Quick in a 2011 interview. “You just pass a law that says that any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.” Now, that old clip is going viral again — and it's gaining fresh support in...

Warren Buffett, renowned investor and business tycoon, is no stranger to sharing his insights on various economic and fiscal issues. In an interview with Becky Quick on CNBC, Buffett proposed a daring strategy for addressing the persistent problem of America’s deficit. VIDEO AT LINK............. Buffett stated, “I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.” A comment made in 2011 but has been making the rounds on X (previously Twitter), feeling more relevant...

Buffett had largely avoided commenting on politics during the afternoon part of the annual meetings Q&A and seemed reluctant to directly address a question on what he thought about Tesla CEO Elon Musk’s efforts to cut government spending through the Department of Government Efficiency, or DOGE. What Buffett did say was Congress isn’t doing its job to reduce the fiscal deficit. “We are doing something that is unsustainable,” he said. Buffett said the gap between revenue and spending was about twice as large as what can be maintained and that the more the gap widens, the more risk of it...

Warren Buffett is likely selling his real estate empire - the latest warning sign that the property market is in dire straits. The real estate market has been on the skids in recent years. Brokerage companies have attempted to consolidate as home sales remain very low. Compass, the largest real estate brokerage in the country, is in advanced talks to acquire Berkshire Hathaway’s HomeServices of America, the fourth-biggest player in the industry, according to The Wall Street Journal.

The Oracle of Omaha has spoken. In his latest shareholder letter published over the weekend, Warren Buffett discussed his outlook for stocks and what it takes to own a good business, along with other tips and investment strategies. Here are some of the takeaways as Berkshire Hathaway (BRK.A) (BRK.B) reported operating earnings of nearly $50B in 2024 : How he views equities: Berkshire's equity activity "is ambidextrous." One hand maintains near or total control of its 189 subsidiaries, including GEICO, property-casualty insurance, and railroad and utility operations. In the other hand is a "small percentage of a dozen or so...

Berkshire Hathaway CEO Warren Buffett, currently one of the 10 richest men in the world, discussed the mistakes he's made during six decades in charge of his company and his outlook on the economy in the coming years as part of his annual letter to shareholders. Why It Matters Buffett, who is 94 years old and has a net worth of just over $160 billion, took control of Berkshire Hathaway in 1965 when the company primarily focused on textiles and was a sinking ship of an investment. The now-famous "Wizard of Omaha" spent years reversing those fortunes and turned the...

While Vice President Kamala Harris surges ahead in polls against her Republican rival Donald Trump, she hasn’t found much traction in the business and investing world. Hedge fund manager John Paulson, the founder of New York-based investment firm Paulson & Co. said on Tuesday in a media appearance that he would pull his money off the market in the eventuality of a Harris win, while Tesla CEO Elon Musk flagged something even more ominous. The market timing and investor timing will depend on who the president is, said Paulson in an interview with Fox News. “If Harris was elected [I]...

Warren Buffett, one of the wealthiest people in the world with a net worth of $142 billion, according to Bloomberg, is also known for his generosity. He has donated billions to charity over the years, but when it comes to his kids, handouts aren’t part of the deal. In the HBO Becoming Warren Buffett documentary, Susie Buffett shared a story that gives a glimpse into her father's frugality. This wasn't the first time she had discussed it. Back in 2011, a Globe and Mail article mentioned that Susie once asked her father for a $41,000 loan to renovate her kitchen...

NEW YORK — There’s a new member of the $1 trillion company club in the U.S. — and for the first time, it isn’t a technology company. On Tuesday morning, shares of Berkshire Hathaway briefly rose high enough to give the conglomerate holding company a market value of $1 trillion. Topping the list of the most valuable companies are Apple, Nvidia and Microsoft, which all are worth more than $3 trillion. Other companies trading above $1 trillion include Alphabet, Amazon and Meta. Among those companies, Microsoft, which was founded in 1975, is the oldest. Berkshire Hathaway, meanwhile, was founded in...

For several years, Live Action News has researched and published the facts regarding the abortion pill along with the web of those who fund the manufacturing of the abortion pill as well as its clinical trials and studies. What has been uncovered has been nothing short of shocking: an incestuous funding trail from the investors in U.S. abortion pill manufacturers Danco Laboratories and GenBioPro, whose own dollars have been funneled to various groups behind clinical trials and studies of the abortion pill and its purported safety and effectiveness. Such an arrangement appears to be a possible conflict of interest, which...

The New York Stock Exchange said Monday it was investigating a "technical issue" that was leading to large fluctuations in the prices of certain stocks including Warren Buffett's Berkshire Hathaway.

Warren Buffett hasn’t found a lot to like in the stock market recently.In each of the last six quarters, Buffett has sold more stocks for Berkshire Hathaway (BRK.A) (BRK.B) than he bought. Last quarter, he sold off a big chunk of his Apple (NASDAQ: AAPL) position and the entirety of his Paramount Global (NASDAQ: PARA) investment. All told, he sold nearly $20 billion worth of stocks from Berkshire’s portfolio, and he bought less than $3 billion.Buffett lamented investment opportunities for Berkshire are few and far between as the company grows bigger. With a market cap of about $877 billion, there...

Warren Buffett is a philanthropist whose billions have been funneled to pro-abortion organizations for decades, including many behind the expansion of the abortion pill. While some of this is well-known among pro-lifers, what is less known is that Buffett was also instrumental in creating a “church” as a front for referring women for illegal abortions prior to Roe v. Wade — a “church” that eventually merged into Planned Parenthood Los Angeles. Warren Buffett’s abortion pill philanthropy Warren Buffett’s Susan Thompson Buffett Foundation was among the original investors in Danco Laboratories, the U.S. abortion pill manufacturer. In addition, the Washington Post...

Planned Parenthood financier Charles Munger died on November 28, 2023, at age 99, after “spending more than four decades as [Warren] Buffett’s second-in-command and foil atop Berkshire Hathaway Inc.,” according to Reuters. The two men met in Omaha in 1959. Like Buffett, Charles Munger (or “Charlie,” as he was often called) was also an abortion philanthropist, who served on Planned Parenthood’s board and even helped Buffett create a ‘church’ to help women get illegal abortions. Who was Charles Munger? InsidePhilanthropy.com previously noted how Munger “worked in real estate for several years before starting a successful investment firm that eventually caught...

EXPOSED: Catholics for Choice is NOT Catholic. Surprised? We're not. This 5 minute video explains the background and digs deep into who "Catholics for Choice" really are. Follow the money.

Warren Buffett’s Berkshire Hathaway has significantly reduced its stake in Chinese electric car manufacturer BYD in a series of sales over the past 18 months, according to recent filings. The most recent share sale occurred on October 25, just days before BYD announced record quarterly earnings. This prompted some analysts to raise their price targets for the company. During the quarter, BYD’s auto segment achieved a net profit of Rmb9.4 billion ($1.28 billion), equivalent to an impressive net profit of Rmb11.4k per car, according to Paul Gong, the head of China auto at UBS Global Research. Gong attributes this success...

MOBILE, Ala. (WKRG) — Jimmy Buffett is being remembered the world over for his music. Buffett grew-up in Mobile and passed away Friday night after a long battle with skin cancer. This weekend, we’re also getting a glimpse of his philanthropy. He anonymously donated two of his planes to Battleship Memorial Park last year. It’s a gesture both steeped in Buffett lore and continues the park’s educational mission. The two aircraft have been assembled for months inside the Medal of Honor Pavillion. Whenever someone asked who donated them, people in the know would sheepishly say it was anonymous, all the...

He passed away peacefully Friday night surrounded by his family, friends, music and dogs 1946 ~ 2023

According to the world’s most famous investor, the “incredible period” for the U.S. economy has been coming to an end in recent months. That’s a somewhat surprising statement from a man who has famously been ultra-bullish on the U.S. economy. But persistently high inflation, higher interest rates and the ongoing banking crisis have all made Buffett much more concerned about investment gains in the year ahead. His partner, Charlie Munger, echoed this sentiment. “Get used to making less,” Munger quipped.