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Charles Munger

Buffett on FBN: Markets Will Move Higher Over Time

Warren Buffett has mixed feelings about fiscal and monetary policy coming out of Washington, D.C.In a wide-ranging interview with FOX Business' Liz Claman, the billionaire chief executive of Berkshire Hathaway expressed dismay at Congress' failure to stop the sequester, the mandated budget cuts that took effect in March.Buffett said the cuts were designed by Congress two years ago as "something so dumb it could never happen. Then of course it happened," said Buffett."This was done with a meat axe," he added. "It was done in an intentionally stupid way and then they let it happen."Buffett, affectionately called the Oracle of Omaha because of his deep roots in that Midwestern city, was interviewed by Claman at Berkshire Hathaway's annual shareholder meeting in Omaha.Meanwhile, Buffett had nothing but praise for monetary policy initiated by the Federal Reserve since the start of the financial crisis in 2008-2009. Historically low interest rates, set at a range of 0%-0.25% in December 2008...

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  1. Invest Like Warren Buffett... but not Really

    If you want people to read your investing-related post or book, you'll increase your chances by mentioning Warren Buffett in your title. After all, I just did it - a...

  2. Berkshire size, Buffett age cloud annual gathering

    Warren Buffett may be on safari for major acquisitions, which he likes to call elephants, but shareholders may wonder if his Berkshire Hathaway Inc has become the bi...

  3. Berkshire's Munger Donates $110 Million to University of Michigan

    Charlie Munger, the vice chairman of Berkshire Hathaway Inc. (BRKA, BRKB) and Warren Buffett's longtime investing sidekick, has donated $110 million in securities to...

  4. Buffett Still Collects $100,000 Salary at Berkshire

    Warren Buffett, one of the world's richest people, earned a salary of $100,000 in 2012 as chairman and chief executive of his Berkshire Hathaway Inc. (BRKA, BRKB), a...

  5. Buffett Again Collects $100,000 Salary at Berkshire

    Warren Buffett, one of the world's richest people, earned a salary of $100,000 in 2012 as chairman and chief executive of Berkshire Hathaway Inc. (BRKA, BRKB), an am...

  6. Berkshire Hathaway to Nominate Meryl Witmer to New Board Position

    Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) will nominate investment manager Meryl Witmer of Eagle Capital Partners LP to a new position on the company's b...

  7. Buffett: Performance streak may end this year

    Berkshire Hathaway may end a long streak of outperforming the S&P 500 this year, Chief Executive Warren Buffett warned shareholders on Friday, even as he said he was...

  8. Warren Buffett Calls 2012 Subpar for Berkshire Hathaway

    Steel Vine Investments’ Spencer Patton, Barron’s Senior Editor Jack Hough and FBN’s Nicole Petallides on Warren Buffett’s annual letter to Berkshire Hathaway shareholders.

  9. Buffett Calls Berkshire Hathaway's 2012 Return 'Subpar'

    Warren Buffett lamented his failure to land a major acquisition during 2012 to employ Berkshire Hathaway Inc.'s (BRKA, BRKB) expanding cash position, and called his ...

  10. Warren Buffett Admits 'Subpar' 2012

    Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) disclosed weaker-than-expected fourth-quarter profits amid a "subpar" 2012 performance, but the billionaire expresse...

  11. Berkshire's Munger Gives $1.6 Million in Stock to Huntington Library

    Berkshire Hathaway Inc. (BRKA, BRKB) Vice Chairman Charlie Munger gave about $1.6 million in stock to The Huntington, a museum and garden in southern California, acc...

  12. See’s Candy CEO on Expansion East

    See’s Candy CEO Brad Kinstler on the company’s expansion plans and the impact of cocoa, sugar costs.

  1. Buffett: Stocks Headed 'Much Higher' in Coming Years

    In a one-on-one interview directly after Berkshire Hathaway Chairman and CEO Warren Buffett addressed thousands of shareholders at his annual meeting, the Oracle of ...

  2. Berkshire Board Agrees on Next CEO

    Warren Buffett and the board of his conglomerate Berkshire Hathaway Inc are "solidly in agreement" on who should be the company's next chief executive, he said at Be...

  3. Buffett says he, Berkshire board in agreement on next CEO

    OMAHA, Nebraska (Reuters) - Warren Buffett and the board of his conglomerate Berkshire Hathaway Inc are "solidly in agreement" on who should be the company's next ch...

  4. Highlights: Berkshire Hathaway's annual meeting of shareholders

    OMAHA, Nebraska (Reuters) - More than 35,000 people descended on Omaha, Nebraska, on Saturday for the annual shareholder meeting of Warren Buffett's conglomerate Ber...

  5. Munger : hard to find Berkshire deals, 'raving mad' not to try

    OMAHA, Nebraska (Reuters) - Warren Buffett's Berkshire Hathaway Inc would be "stark raving mad" to rule out another giant acquisition like its 2009 Burlington Northe...

  6. Berkshire's Munger says takeover prices too high

    OMAHA, Nebraska (Reuters) - Warren Buffett's Berkshire Hathaway Inc would be "stark raving mad" to rule out another giant acquisition like its 2009 Burlington Northe...

  7. Berkshire's Munger says takeover prices look very high

    OMAHA, Nebraska (Reuters) - Berkshire Hathaway Inc would be "stark raving mad" not to pursue another giant acquisition, the vice chairman of Warren Buffett's company...

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