Warren Buffett : Updates

Warren Buffett and NBC's Tom Brokaw: The Complete Interview

The Interview

Warren Buffett Sees "Fairly Significant" Chance U.S. Going Into Recession

The Interview

Warren Buffett on Value Investing, Repackaging Toads, Google and Investing in North Korea

The Interview

Bond Billionaire Backs Buffett

The Article

Warren Buffett and Jack Welch Live on Squawk Box.

The Transcript

The Video

Berkshire's Buffett says China is too hot to buy.

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Warren Buffett's Daily Reading List:

Buffett generally reads five newspapers a day -- the Journal, the Financial Times, the New York Times, USA Today and the Omaha World-Herald. Make that six -- he reads the American Banker every day too.

Warren Buffett to CNBC: U.S. Dollar Not the "Best Currency in the World" to Own Right Now.

The Transcript

Warren Buffett Calls Korean Stocks "Still Attractive" Despite Gains.

The Link

3 bargain stocks

"We are cowards." That's how Marty Whitman, the octogenarian dean of deep-value investors, describes himself and his colleagues at the firm he founded, Third Avenue Management.

Why? Simple, Whitman explains: "We hate to lose money."

Driven by that fear, Whitman and his crew focus on finding stocks that are "safe and cheap." Sit down and talk to him about his investing philosophy - as Fortune did recently at the firm's midtown Manhattan headquarters - and those two words come up regularly. And always in that order: safe, then cheap.

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Fox Interview With Buffett

In a broadcast exclusive with FOX Business Network’s Liz Claman, Warren Buffett talks about the housing market, selling his stake in PetroChina, the mystery currency he never announced until now and his own investments.

On taking stakes in home builders:

“I didn’t buy a share. I look at them. I look at their debt, their equities. I look at everything. I’m waiting until they’re under priced. That’s what I look for with any security. And, I don’t think they’re undervalued. Starting 30 minutes, ending 18 months ago – that year – we probably had more home builders offer to Berkshire where the managements wanted to see the business that I’ve ever seen in any industry. A significant percentage of the publicly-owned home builders, when their stock was flying high and their management was talking bullishly, were trying to sell their companies. Apparently they knew what was going on or likely to go on. Though, I don’t think they saw it coming as extensively as it did.”

On the Treasury’s bailout fund:

“Well, right now, it’s a mystery fund. When they announced it Monday they said more details would come. I haven’t seen any details so I don’t really know what they’re talking about. I don’t see anyway that pooling a bunch of mortgages, changing ownership is going to change the viability of the mortgage instrument itself. I’m withholding judgment on it and a little skeptical until I see the details.”

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Tiger's Robertson Sees 'Doozy of a Recession'

Hedge fund legend Julian Robertson said Friday he expects the U.S. economy is heading for a "doozy of a recession."

"I think we are going to have a doozy of a recession," Robertson told CNBC's Erin Burnett. "I think the credit situation is worse than anybody realizes, and...I think we're getting little inklings of that. I don't think any of the normal indicators you would look at in the economy are really very strong. As a matter of fact, they are weak, and not really getting any better."

Robertson, founder of the investment firm Tiger Management, also expressed some concerns about the devaluation of the dollar.

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Professor Risk

In his office high above the Chicago River, Sam Zell, the real estate virtuoso and master investor, is talking about motorcycles. "I have had accidents over the years," he says, "but most of them while standing still. I'm actually a very very good driver." In case I look skeptical, he adds a sweetener, his wife's verdict: "Helen rides in the back with me and this is not Miss Bravery or something," he says. "But you know, she won't let me drive a car. I get distracted."

He's hoping I'll catch the broader point, which is about managing risk -- the subject we're actually here to talk about. In his three-plus decades in the business, Mr. Zell has built a fortune doing deals in industries and business cycles where few were keen to tread. He's come out with levels of success that left others wondering how they failed to see the opportunities that were there, plain as day.

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