Warren Buffett

BERKSHIRE: A 'DUMB' BUY

Warren Buffett's empire is unlikely to be run by his family when the investment guru steps down from the business, his son has told Bloomberg.

Warren Buffett is expecting "large investment opportunities" to develop in China as the country continues its rapid expansion.

City veteran Terry Smith, who will shortly launch his own fund management group, has hit out at performance fees which he argues do nothing more than destroy investor returns.

Legendary investor Warren Buffett has made a U-turn from his previous stance as an "uber bull", saying he now thinks the US is "still in a recession".

Legendary investor and Berkshire Hathaway CEO Warren Buffett has kept his place as the US's second wealthiest person, according to Forbes magazine.

Legg Mason Capital Management's Bill Miller believes equity markets are capable of seeing solid gains by year end as investors become more confident in the US recovery.

Warren Buffett has begun unloading shares in ratings agency Moody's as the group's share price hit $25, CNBC reports.

Investment guru Warren Buffett has ruled out a double dip recession in the US and says the businesses owned by his Berkshire Hathaway vehicle are expanding.

Warren Buffett's Berkshire Hathaway has emerged as a possible bidder for the Royal Bank of Scotland's Direct Line insurance business.