David Kass

Dr. David Kass has published articles in corporate finance, industrial organization, and health economics. He currently teaches Advanced Financial Management and Business Finance, and is the Faculty Champion for the Sophomore Wall Street Fellows. Prior to joining the faculty of the Smith School in 2004, he held senior positions with the Federal Government (Federal Trade Commission, General Accounting Office, Department of Defense, and the Bureau of Economic Analysis). Kass has recently appeared on Bloomberg TV, CNBC, PBS Nightly Business Report, Maryland Public Television, Business News Network TV (Canada), American Public Media's Marketplace Radio, and WYPR Radio (Baltimore), and has been quoted on numerous occasions by Bloomberg News and The Wall Street Journal, where he has primarily discussed Warren Buffett and Berkshire Hathaway.

Apply to be a Sophomore Finance Fellow

“Being able to join a Fellows program as a sophomore is a marked advantage. The Sophomore Finance Fellows program truly resembled the intersection of theoretical classroom knowledge and real-world business acumen. Following markets, engaging in case-based discussion and contributing to a collective knowledge forum among your peers are just some of the great experiences I’ve had in this program,” said Adam Hostetter, a junior finance major recalling with appreciation his sophomore year in the program.

Fantasy Merger League: 2018 Edition

SMITH BRAIN TRUST — When influential analyst and Loup Venture co-founder Gene Munster made predictions for 2018, there was one that really had people chatting. It was a prediction that online retail juggernaut Amazon.com might cut a deal to buy the struggling Target. It was a mergers-and-acquisition idea that seemed to align with some of the things that Amazon.com has been doing – establishing a brick-and-mortar presence and competing head-to-head with Walmart.

How Berkshire Is Disrupting Healthcare

SMITH BRAIN TRUST – For those who listen closely to what Warren Buffett says, the announcement that Berkshire Hathaway was hooking up with Amazon.com and JPMorgan Chase to create an independent healthcare company didn’t come as a big surprise. Buffett, the billionaire investor and Berkshire Hathaway CEO, has been lamenting the state of healthcare in the country and its corrosive effect on the economy for much of the past year.

To-Do List for Uber's Potential New 'Grownup'

Departing General Electric CEO Jeffrey Immelt is a household name to investors on Wall Street, while Uber, scandal-ridden and operating at loss, reportedly is positioning for an initial public offering. This week's news that Immelt is Uber's new-CEO frontrunner caught some observers off-guard. But others, including Smith School professors Brent Goldfarb and David Kass, see the rationale. Goldfarb also detailed a laundry list of Uber fixes for Immelt — if he does take the helm. Read more...

Life After Berkshire for GE

General ElectricRevelation this week of Berkshire Hathaway dumping its $315 million stake in General Electric is stoking doubt in the blue chip stock. One analyst describes GE as "the dog of the Dow," citing Berkshire's selloff of its 10.6 million shares as an exclamation point to a bad year. "The outlook for GE has certainly soured since then," Smith School professor David Kass says. He shares insights on the future of GE in the post-Berkshire era. Read more...

A Little-Known Link Between Buffett and Sprint

Why might Warren Buffett be interested in Sprint? The question emerged from an annual gathering of CEOs in Sun Valley, Idaho, last weekend. Sprint is losing money and is saddled with more than $32 billion in debt, notes the Smith School's David Kass. And at first glance, it would not appear that telecommunications is within Buffett's "circle of competence," Kass says. But there's more to this story, he adds. Read more...

Signalling Optimism in Financials, Buffett Becomes Bank of America’s Top Shareholder

Berkshire Hathaway has announced it will exercise its warrants for 700 million Bank of America shares. David Kass, clinical professor of finance at the University of Maryland's Robert H. Smith School of Business, has closely followed the so-called Oracle of Omaha's investments and philosophy for more than 35 years. He offers some insights on what the move means, for Berkshire Hathaway, Bank of America, the financial sector and the economy. Read more...

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