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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...

Warren Buffett shocked an arena full of shareholders on Saturday by announcing his intention to retire at the end of the year. Mr Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become chief executive at the end of the year. “I think the time has arrived where Greg should become the chief executive officer of the company at year-end,” Mr Buffett said. The sudden announcement comes after the 94-year-old investor had always insisted he had no plans to retire. Many investors have said they believe Mr Abel will do a good job running Berkshire, but...

Billionaire Warren Buffett has pledged to give away at least $147 billion to charities and NGOs following his death, tasking his children with spending the money. The 94-year-old Buffet has expressed concern about his children’s longevity, which prompted him to create a backup strategy in case they pass away before being able to give away the fortune. In a recent letter to investors, the 94-year-old stated that he has not yet named a successor in the event his children are unable to fulfill this role.Buffett remarked candidly about the inevitability of aging, stating, “Father time always wins.” Since 2006, Buffett...

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...

Aug 28 (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway (BRKa.N), has sold some more shares of Bank of America (BAC.N), opens new tab over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest U.S. lender. Berkshire has now shed about $5.4 billion worth of Bank of America shares in a string of sales since mid-July. The conglomerate sold about 24.7 million shares of the lender between Aug. 23 and Aug. 27, according to a regulatory filing on Tuesday.

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...

The first Monday in August has arrived with panic sweeping through the finance sector, as nearly $2 trillion was wiped out of the S&P 500 at market open. Investor anxiety over a looming global recession triggered a selloff that sent U.S. stock futures plummeting and raised urgent questions about the Biden’s administration’s economic policies. As trading began on August 5th, a staggering $1.93 trillion was wiped out from the S&P 500, with stock index futures taking a massive hit. S&P 500 futures fell more than 4.4%, while Dow futures were down 3%, translating to a loss of 1,212 points. The...

Since the end of 2023 Berkshire has sold 505 million Apple shares — 115 million in the first quarter and another 390 million in the second quarter. As of June 30, that represents a 55.8% reduction in Berkshire’s Apple holdings since the beginning of the year, Reuters noted.

Instead of quoting a historical figure like Adam Smith, Daniel Kahneman or John Maynard Keynes, legendary investor Warren Buffett believes the most consequential words on modern economics came from a surprising source: former U.S. President George W. Bush. At the height of the 2008 financial crisis, Bush said: “If money isn’t loosened up, this sucker could go down!” Buffett deemed this quip “the 10 most important words in the history of economics,” he told billionaire Dan Gilbert during an interview at the Detroit Homecoming event at the College for Creative Studies in 2014. Here’s why Buffett believes these words had...

Bill Gates is pledging billions to promote next-generation nuclear power through TerraPower, focusing on innovations that could make nuclear a key player in global decarbonization.Increasing energy demands from the AI sector prompt tech leaders like Sam Altman and Bill Gates to advocate for nuclear power as a sustainable solution.Innovations in nuclear technology, including smaller, more standardized reactors, aim to reduce construction costs and compete with natural gas.Bill Gates is ready to sink billions into getting next-generation nuclear energy off the ground in the United States. The world’s sixth richest man has been a staunch nuclear supporter for years now, and...

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...

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...

As Paramount comes off a rocky week in which the company lost its CEO and its exclusive merger talks window with Skydance came to an end without a deal, Berkshire Hathaway CEO Warren Buffett says his company has now sold its entire stake in Paramount. Berkshire Hathaway had previously sold a third of its stock in Paramount during the fourth quarter of last year. "We sold it all, and we lost quite a bit of money, that happens in this business too," Buffett said on Saturday at Berkshire Hathaway's annual meeting in Omaha, Nebraska. He added that he was "100%...

The combined net worth of the 10 richest people in finance reached $446.9 billion in 2024.Here, Visual Capitalist's Niccolo Conte ranks them based on Forbes data as of Feb. 1, 2024.The Oracle of Omaha93-year-old Warren Buffett heads the list. The chairman and CEO of Berkshire Hathaway has a net worth of $128.7 billion.Buffett’s Berkshire Hathaway portfolio is 62% invested in only three stocks: Apple (42.9%), Bank of America (10.2%) and American Express (9.1%).Based in Omaha, Nebraska, where he has spent much of his life and where Berkshire Hathaway is headquartered, Buffett is also the 6th richest person in the world.In...

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 wife reportedly balked at the $4 cost of a coffee at Sun Valley. Astrid Menks' reaction aligns with her husband's approach to life, investing, and dealmaking. Buffett lives simply, seeks value as an investor, and strikes a hard bargain when he cuts deals. Warren Buffett detests high inflation, and it appears the billionaire's wife does too. Astrid Menks balked at paying $4 for a cup of coffee at Sun Valley this week, noting she "could get a pound of coffee" for that price in other places, the New York Post reported on Thursday. Her reaction won't surprise close...