Posts Tagged ‘oracle of omaha’

Warren Buffett “Oracle of Omaha” HBO Documentary Berkshire Hathaway #Advexon Video

February 15th, 2019 Comments off



It is important to be fair and balanced. This video has had some 1.6 million views since it was first posted on YouTube on Mar 3, 2017, almost 2 years ago.


To be precise, there have been 1,603,008 views as of the time of this Daily Business News on MHProNews post. It should be self-evident that the frame for this narrative is a positive one.  After all, how do you get access to interviewing the world’s currently 3rd most wealthy man without some assurance that the video you will produce is going to be a positive?

Here’s what the video page says: “Known as the “Oracle of Omaha,” Buffett is one of the most successful investors of all time. His Berkshire Hathaway owns more than 60 companies, including Geico, Duracell and Dairy Queen. The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13. He has committed to giving more than 99% of his fortune to charity. So far he has given $28.5 billion. With friend Bill Gates, he launched The Giving Pledge, asking billionaires to donate their wealth.”

We link below various reports on Berkshire Hathaway’s manufactured housing brands, and some of the more important reports published here on MHProNews or on MHLivingNews.



The billions he’s given away is perhaps more complicated than it is made to sound.  But that will be covered at another time. Suffice to say for now that they are largely stocks given to foundations. According to the producers of the documentary, the causes they have supported are as shown.  They reflect Buffett’s left-wing, “progressive” political posture.




Among the items mentioned or shown in this video?

  • The Moat
  • Circle of Competence
  • Kevin Clayton and Clayton Homes are briefly shown
  • Bill and Melinda Gates
  • Family life
  • Charlie Munger, Buffett’s partner and Berkshire Hathaway Vice Chairman
  • Value Investing.
  • The Solomon Brothers crisis.
  • That he says that he is an agnostic, plus details about his marriage and personal life.

There’s more. The Daily Business News on MHProNews may revisit this video later, on a slower news day. For the rest of the story, see the related reports, linked below. That’s this morning’s manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)



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Related Reports:

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And Now—Heeeerre’s Warren!!

May 3rd, 2013 Comments off

The esteemed Warren Buffett, Oracle of Omaha, the eminence of income, who worked hard and smart and honestly to make his wealth, according to wallstreetcheatsheet, in an essay published online by Fortune magazine remarks on the incredible economic growth in this country since 1776, and the future importance of gender equality in the marketplace. He says the rule of law, capitalism, and democracy was the groundwork that led to the fastest generation of wealth in the history of the world, accomplished while half of our brain power, namely women, were excluded from decision-making roles. He says, “This behavior — the historic relegation of women to the sidelines — flies in the face of what rational actors in a capitalistic economy should do. There are any number of selfish reasons why those at the top of the food chain would wish to reduce competition for those few, cherished top spots. But at the end of the day, opening up the competitive field to all participants will yield the best results. The closer that America comes to fully employing the talents of all its citizens, the greater its output of goods and services will be. We’ve seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you’ll join me as an unbridled optimist about America’s future.” As MHProNews knows, Buffett is Chairman of Berkshire Hathaway, the parent company of Clayton Homes, the largest producer of manufactured homes in North America.

(Photo credit: businessinsider)

The Oracle of Omaha Opines

March 5th, 2013 Comments off

CNNMoney reports Berkshire Hathaway Chairman Warren Buffett, noting the sell-off in stocks recently when Federal Reserve meeting minutes indicated some members wanted to slow the buying of assets, says once the Federal Reserve actually starts selling the trillions in mortgages and Treasuries, the market reaction could be extreme. “All over the world everybody that manages money is waiting to catch the signal that the Fed is going to reverse course,” he says. “I think they’re on a hair trigger. There are an awful lot of people who want to get out of a lot of assets if the Fed is going to tighten. Who knows how it will play out.” While he criticizes gridlock in Congress over the budget, he does not think the sequestration cuts will throw the economy back into a recession. As MHProNews knows, Clayton Homes, the largest producer of manufactured housing in North America, is a subsidiary of Berkshire Hathaway.

(Photo credit: Clayton Homes)

Stock Advice from Chairman Buffett

January 1st, 2013 Comments off

Benzinga brings forward resolutions for 2013 that have sustained and magnified Warren Buffett’s wealth over the years, especially in light of his Berkshire Hathaway (NYSE:BRKA) stock having gained 1700 percent since 1990, much better than the 290 percent gain of the S&P 500 over the same period. Not attracted by the latest fad, Buffett is more drawn by a steady track record and balance sheet. Based on interviews and buying habits of the Oracle of Omaha, he compares a firm’s debt-to-equity ratio, noting the lower the debt on a company’s balance sheet the more fiscally responsible management is apt to be. If interest rates are higher than investment returns, by all means avoid taking on debt, and invest in companies with little or no debt. Known for being incredibly thrifty, and having lived in the same house he purchased for $31,500 in 1958, MHProNews has learned that he once said his family eats Christmas dinners at McDonalds, and that he prefers hamburgers to more exotic fare. Berkshire Hathaway owns Clayton Homes, the largest producer of manufactured homes in North America.

(Photo credit: Yoshikazu Tsuno/Getty Images)

Warren Buffett Opines

October 24th, 2012 Comments off

NASDAQ reports in a TV interview this morning, Oct. 24, on CNBC, Warren Buffett says the housing market has turned a corner and home construction is improving, and he expects Berkshire businesses tied to that industry to pick up. Despite the global economy slowdown, the Oracle of Omaha says the U.S. is doing better than either Europe or Asia, and has high praise for Fed Chairman Ben Bernanke, saying he “has done an absolutely superb job,” although he questions his policy of quantitative easing. Buffett says he expects Berkshire’s carpet business to double its profits this year, and Clayton Homes will see an increase of 15 percent in production. As a result he expects Berkshire to add 8,000 employees to the roughly 270,000 employed at the beginning of the year, MHProNews has learned.

(Photo credit: businessinsider)

Buffett: Eurozone Needs to Unify Better

June 7th, 2012 Comments off

In a Q&A session at Washington, D.C.’s Economic Club, Berkshire Hathaway’s Chairman Warren Buffett said there will not be another recession “unless events in Europe develop in some way that spills over here big-time,” according to BloombergNews. Responding to questions posed by David Rubenstein, co-CEO of Carlyle Group LP, the world’s second-largest private equity fund, the Oracle of Omaha stated the leaders of the 17-nation Eurozone need to shore up some of the unions’ weaknesses. “They’re in on a common currency but they’re not in on a common fiscal policy or a common culture or common labor practices,” Buffett noted. “They have to reconcile some of these things.” While the U.S. economy added the fewest employees in a year in May, Berkshire added over 10,000 new jobs in 2011 over 2010, 260,519 to 270,858. Employment at Burlington Northern Santa Fe railroad grew 1,000 while manufactured home producer Clayton Homes lost 466 jobs during the recent housing downturn. has learned Buffett once said sovereign nations should have their own currency.

(Image credit: Clayton Homes)

And the Successor is…..???

April 23rd, 2012 Comments off

The Wall Street Journal states Warren Buffett’s announcement of having prostate cancer set the street buzzing with who may be his successor. Financial researchers culled the Oracle of Omaha’s annual letters to shareholders since 1977, some 400,000 words, and determined Ajit Jain, head of Berkshire’s reinsurance division, was mentioned the most, followed by Tony Nicely of GEICO, and Tad Montross, CEO of General Re. has learned Kevin Clayton, CEO of Clayton Homes, was also mentioned as a possibility. Berkshire’s board knows, but the chosen one does not. Using a method that gauges praise-type words with names, Iscar CFO Danny Goldman ranks highest, followed by Nicely and Greg Abel of MidAmerican Energy. The article does point out, however, that several people Buffett has praised in the past no longer work for Berkshire.

(Image credit: Christophe Vorlet/Wall Street Journal)

Buffett Battling Bad News

April 18th, 2012 Comments off

BusinessInsider says Warren Buffett has been diagnosed with stage 1 prostate cancer. Subsequent CAT and bone scans revealed the cancer has not spread. The Chairman of Berkshire Hathaway, which owns Clayton Homes of Maryville, Tennessee, will begin radiation treatment in July, and says his travel will be restricted during that time, but otherwise he will maintain his normal schedule. Two days after the diagnosis he was hosting 160 university business students, fielding questions during a two-and-a-half hour Q & A session. has learned the success rate in treating prostate cancer in this stage is high, although the news does restart the mill grinding over who will succeed the 81 year-old legendary Oracle of Omaha.

(Photo credit: Yoshikazu Tsuno/AFP/GettyImages)

Oracle of Omaha Errs

February 27th, 2012 1 comment

In his annual letter to shareholders of Berkshire Hathaway, Warren Buffett, while noting the per share book value of their Class A and Class B stock gained 4.6 percent in 2011, says he jumped the gun on the housing recovery. As Business Insider tells, “We have five businesses whose results are significantly influenced by housing activity. The connection is direct at Clayton Homes, which is the largest producer of (manufactured) homes in the country, accounting for about 7% of those constructed during 2011,” says Buffett. He says a market adviser would tell him to dump the stocks relating to the construction industry but that is not his style. Problem companies just require more managerial time than winners. He says, “….If the business will likely be a cash drain over the longer term, or if labor strife is endemic – we will take prompt and decisive action. Such a situation has happened only a couple of times in our 47-year history, and none of the businesses we now own is in straits requiring us to consider disposing of it.” Berkshire Hathaway owns Acme Brick, Shaw Carpets, Johns Manville (insulation), and MiTek (roofing connector plates). Buffett says in 2011 the five housing-related companies generated pre-tax profits of $513 million, similar to the previous year, but well below the $1.8 billion in 2006.

(Photo credit: trackrecord)