Buffet: I made a mistake not buying JPMorgan stock

Warren Buffett said that Berkshire Hathaway (BRK-A, BRK-B) made a “mistake” by not investing in JPMorgan Chase (JPM). Buffett, 87, has publicly praised JPMorgan’s CEO Jamie Dimon. He’s also a fan of Dimon’s annual shareholder letter and often recommends that folks read it. That said, Berkshire Hathaway has never owned a share of the company. […]

Buffett: Stocks are still more attractive than bonds

Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said the rally in markets over the last several years has made it harder to find bargains, but that stocks remain his choice over bonds. When asked why cash has been piling up at Berkshire, he told “It tells us stocks aren’t as […]

Bill Gross: Secular bear bond market to begin if 10-yr Treasury yield tops 2.60 pct

If the yield on the benchmark 10-year Treasury note moves above 2.60 percent, a secular bear bond market has begun, investor Bill Gross warned on Tuesday. “Watch the 2.6 percent level. Much more important than Dow 20,000. Much more important than $60-a-barrel oil. Much more important that the Dollar/Euro parity at 1.00. It is the […]

Buffett’s hedge fund notes profit for first quarter

Warren Buffett’s Berkshire Hathaway on Friday confirmed that its first-quarter profit rose 8 percent, while operating results fell short of analyst forecasts. The conglomerate nonetheless said its book value per share, measuring assets minus liabilities and Buffett’s preferred gauge of growth, rose 1.2 percent from year end. Net income for Berkshire rose to $5.59 billion, […]

David Einhorn is short Caterpillar and long GM

David Einhorn is betting against one corporate stalwart and on another. The head of Greenlight Capital said Wednesday he is short Caterpillar and long GM as the former faces a decline in some of its core businesses and the latter tightens its belt and faces a stronger future. “While analysts are projecting a recovery in […]