Skip to main content

Buffett on recession, future deals

Berkshire Hathaway's (BRK.A) annual shareholders' meeting has accounted for the usual glut of Warren Buffett-related news items over the weekend.

Let's take a quick look at some of the highlights from the, "What Warren said" files.

MarketWatch reports that Berkshire Hathaway is eyeing German family-owned businesses as possible acquisition targets.

"Berkshire Hathaway Inc. is interested in acquiring family-owned businesses in Germany, Chairman Warren Buffett said Saturday.

Buffett is planning to travel to Germany and three other European countries in a few weeks to try to raise Berkshire's profile in the region, he said.

"We would like more family owners of Germany businesses who, when they feel some need to monetize their business, to think of Berkshire Hathaway," Buffett said. "If they care about their business we are their best call."

"We're nowhere near as prominent in Europe as we should be," he said."

Does Germany have some form of US-style estate tax which prompts families to sell their businesses, or are the Mittelstand companies hampered by red-tape and excessive regulation?

I am curious to know.

In any case, Berkshire Hathaway has gone global in its hunt for future acquisitions and investment opportunities.

And that's not all that Warren had to say. Both he and Charlie Munger weighed in on the risks to the financial system (Buffett feels the risks are declining) and the likelihood of a US recession (WB says we're in one now).

Here are Buffett's thoughts on the US economic picture (Reuters):

""The U.S. is in recession as I define it," Buffett said at a news conference. "I would define that as a situation where people are doing less well than they were three months, six months or eight months earlier and most businesses find themselves in that position too."

There you have it. Read on at the links below for more.

See also:

"Buffett: Recession has hit main street" - CNBC.

"Buffett hints at targets for his global buying spree" - Bloomberg.

"Live blog of Munger & Buffett Q&A session w/ shareholders" - CNBC.

Popular posts from this blog

The Dot-Com Bubble in 1 Chart: InfoSpace

With all the recent talk of a new bubble in the making, thanks in part to the Yellen Fed's continued easy money stance , I thought it'd be instructive to revisit our previous stock market bubble - in one quick chart. So here's what a real stock market bubble looks like.  Here's what a bubble *really* looks like. InfoSpace in 1999-2001. $QQQ $BCOR pic.twitter.com/xjsMk433H7 — David Shvartsman (@FinanceTrends) February 24, 2015   For those of you who are a little too young to recall it, this is a chart of InfoSpace at the height of the Nasdaq dot-com bubble in 1999-2001. This fallen angel soared to fantastic heights only to plummet back down to earth as the bubble, and InfoSpace's shady business plan , turned to rubble. As detailed in our post, " Round trip stocks: Momentum booms and busts ", InfoSpace rocketed from under $100 a share to over $1,300 a share in less than six months.  In a pattern common to many parabolic shooting stars, the s

Jesse Livermore: How to Trade in Stocks (1940 Ed. E-book)

If you've been around markets for any length of time, you've probably heard of 20th century supertrader, Jesse Livermore . Today we're highlighting his rare 1940 work, How to Trade in Stocks (ebook, pdf). But first, a brief overview of Livermore's life and trading career (bio from Jesse Livermore's Wikipedia entry). "During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Ironically, Livermore sometimes did not follow his rules strictly. He claimed that lack of adherence to his own rules was the main reason for his losses after making his 1907 and

New! Finance Trends now at FinanceTrendsLetter.com

Update for our readers: Finance Trends has a new URL!  Please bookmark our new web address at Financetrendsletter.com Readers sticking with RSS updates should point your feed readers to our new Finance Trends feedburner .   Thank you to all of our loyal readers who have been with us since the early days. Exciting stuff to come in the weeks ahead! As a quick reminder, you can subscribe to our free email list to receive the Finance Trends Newsletter . You'll receive email updates about once every 4-8 weeks (about 2-3 times per quarter).  Stay up to date with our real-time insights and updates on Twitter .