Warren Buffett Resource

Warren Buffett Is on a Radical Track [Time Cover]

Saumil Mehta — Fri, 13 Jan 2012 09:36:28 +0000

Complete Article

Buffett Letter to Hank Paulson

Saumil Mehta — Fri, 13 Jan 2012 09:32:53 +0000

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Buffett Letter to Tim Huelskamp (Tax Return)

Saumil Mehta — Thu, 13 Oct 2011 06:52:40 +0000

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Stop Coddling the Super-Rich [NYT]

Saumil Mehta — Tue, 16 Aug 2011 06:37:00 +0000

By WARREN E. BUFFETT

Omaha

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

Buffett: The lower stocks go, the more I buy

Saumil Mehta — Thu, 11 Aug 2011 15:52:37 +0000

Warren Buffett discusses the lowered outlook for Berkshire Hathaway debt, why some of his businesses aren’t hiring, and why U.S. debt remains triple-A rated in his mind.

Berkshire Hathaway 2011 AGM Notes

Saumil Mehta — Tue, 03 May 2011 04:33:47 +0000

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Warren Buffet: I Don’t Have to be Smart About Everything

Saumil Mehta — Thu, 21 Apr 2011 06:08:26 +0000

On his first trip to the country, he faced throngs of Indians at press conferences and business meetings, while he searched for companies to acquire, and attempted to convince wealthy Indians to contribute to philanthropy

Can you give us some sense of how soon we could see Berkshire Hathaway making a significant investment in India?
Just within the last 10 days or so, we began an insurance operation here in India. I do not know where the next opportunity is going to come from. It was almost five -and-a-half years ago that I received a letter from Eitan Wertheimer of Iscar Metalworking. I didn’t know I was going to get that letter, it just came in and we are ready to go.

The same thing will happen in India; I will hear from somebody — I will be meeting a lot of people in the next few days and maybe from the next week or a year from now, one of those people may contact me and that is the way.

Berkshire Hathaway Shareholder Weekend Notes (2001-2010)

Saumil Mehta — Sat, 09 Apr 2011 04:51:45 +0000

Posted to Shai Dardashti

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Warren Buffett: The U.S. is moving toward plutocracy

Saumil Mehta — Wed, 30 Mar 2011 16:44:36 +0000

Capitalism is like Cinderella, the Berkshire billionaire says in an exclusive interview with TheMarker. ‘She knew at midnight that everything was going to turn into pumpkins and mice, but it was just so much damn fun, dancing there.’
By Guy Rolnik

DAEGU, South Korea – The United States is moving toward plutocracy – government of the rich, not by the people, says Warren Buffett, in an exclusive interview with TheMarker at Iscar’s TaeguTec plant in South Korea.

Buffett, 80, arrived in the town of Daegu on Sunday evening, a stop on his tour of the Far East, including South Korea and India. The original highlight of the trip was to be the inauguration of Iscar’s new plant in Japan. But as radiation levels rose as the Fukushima nuclear power plant collapsed after the earthquake and tsunami, that part of the trip was canceled.

May will mark five years since Buffett carried out his first deal outside the United States, buying 80% of blade-technology company Iscar for $4 billion, from the Wertheimer family. He paid in cash.

Since then his relations with Iscar Chairman Eitan Wertheimer, who calls himself “Buffett’s travel agent” and who often accompanies the Oracle of Omaha on his global travels, have grown close.

This was Buffett’s second visit to the plant in Daegu. The first was in October 2007, a year before the great financial crisis broke out. The plant has developed enormously since then, as have most of Iscar’s businesses. After a difficult year in 2009, for 2010 the company reported record sales that grew 40% year over year. Its business was driven mainly by the enormous emerging markets – China, India and Brazil.

Wertheimer is along on this trip too, with his wife Ariella. Also along is Iscar President Jacob Harpaz, Chief Financial Officer Danny Goldman, marketing manager Ilan Geri and TaeguTec manager Moshe Sharon.

Warren Buffett visits India [Coverage]

Saumil Mehta — Tue, 22 Mar 2011 06:52:37 +0000

Coverage from Indian Press