Friday, May 3, 2013

Buffett on the Fed, His IBM Stake and His First Tweet

We've gotten a bit bored with the Oracle since everybody and his brother became Berkshire "experts".
Time was when Wall Street Journal writers would stop by our little corner of heaven to swipe a Warren story (in particular the cocoa beans for equity trade) or the Bloomies who'd take a gander at the Buffett Partnership letters for some article or other as we were one of the few places the search engines would put on the first couple pages of results.
No more.

Buffett mania is everywhere and we end up posting headlines like "Warren Buffett and the Greenneck Prairiebillies Go Solar (BRK.b)".

Anyhoo.
From CNBC and Becky Quick, one of Warren's favorite journos:
Billionaire investor Warren Buffett told CNBC that if the Federal Reserve were to increase its massive bond-buying program that would be "pretty extraordinary."

In an interview that aired on "Squawk Box" Friday, the Berkshire Hathaway chairman and CEO said, "Basically [the Fed] is buying the debt we're creating and to go beyond that is an awfully big number."...MORE, including video.
If we can figure out the best reportage from this weekend's annual meeting we'll link, otherwise the Call to the Post at the Derby sounds good.