David Kass

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 Finance 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). Dr. Kass has recently appeared on Bloomberg TV, CNBC, PBS Nightly Business Report, Maryland Public Television, Business News Network TV (Canada), FOX TV, Bloomberg Radio, Wharton Business Radio, KCBS Radio, American Public Media's Marketplace Radio, and WYPR Radio (Baltimore), and has been quoted on numerous occasions by The Wall Street Journal, Bloomberg News, The New York Times and The Washington Post, where he has primarily discussed Warren Buffett, Berkshire Hathaway, the economy, and the stock market. 

Is Lunch With Warren Buffett Worth Millions?

Why would someone fork over a couple of million dollars just to sit down for a meal with Warren Buffett? "It's not so much about investing insights. It's significantly about meeting the man," says the Smith School's David Kass. The legendary investor "has gravitas like no other investor," Kass says. That's why bids climbed to $2.7 million in the 18th annual Warren Buffett Power Lunch auction, which raises money for charity. Kass has followed Buffett's investing and philosophy closely for about 35 years. He has also accompanied Smith MBAs to meet privately with the Berkshire Hathaway chairman multiple times. He explains what one gains from a meeting with the Oracle of Omaha. Read more...

A Look at Barron's 'Most-Respected Companies'

Four of the top five companies in Barron's 2017 listing of the most-respected publicly traded firms in the United States share a common trait. They're technology companies. The Barron's 100 is drawn by surveying money managers, whose attraction to tech is simple to understand, says the Smith School's David Kass. "That is where there is growth — in the economy, in earnings per share, in revenue," Kass told the Washington Post. Read more...

Is Kraft Heinz Eying Colgate-Palmolive?

Colgate-Palmolive CEO Ian Cook earlier this month signaled interest in selling the company for $100 a share, suggesting a strong possibility that a friendly deal for the company could be struck reasonably soon, Smith School professor David Kass says. He predicted such a move in February. More recently, he described to TheStreet why Colgate-Palmolive could be attractive to Kraft Heinz, 3G Capital or Berkshire Hathaway. Read more...

Healthcare, Not the Tax Code, Is Drag on U.S. Firms

Health insurance – not the U.S. tax code – is "crippling our business around the world," Warren Buffett said during Berkshire Hathaway’s annual shareholder meeting last weekend. Buffett said business leaders would be smart to shift their focus away from their tax bills and toward healthcare costs, which have been rising at an alarming rate, devouring profits. He blasted the recently passed U.S. House bill to repeal and replace Obamacare, and touted the broad benefits of a single-payer or universal type of health coverage for all U.S. citizens. David Kass, clinical professor of Finance and longtime Buffett watcher, shares his views. Read more...

Here's What $257 Billion Could Get Apple

Like Jay Z, Apple is heavy roll, heavy dough. The tech giant reported this week that its cash stockpile grew to a staggering $256.8 billion at the end of the first quarter, up from $233 billion a year earlier. Apple isn't alone in accumulating wealth abroad. “Companies have been accumulating cash over many years,” Smith School professor David Kass tells The Washington Post this week. Here's what that kind of cash could get Apple. Read more...

A Cash Hoard Stirs Speculation – And It's Not the One You Think

Warren BuffettThere's been a lot of chatter this week has been about Apple's whopping quarter-trillion cash stockpile. But Warren Buffett's Berkshire Hathaway is also sitting on a whole lot of money. The company, which has a history of making marquis acquisitions, has some $86 billion on hand. And now there are tantalizing rumors that Buffett might be eying Nike or Costco. But Smith School clinical professor and Buffett-watcher David Kass has his doubts. Kass is heading to Omaha this weekend for the annual Berkshire Hathaway shareholders' meeting. Before leaving, he shared his thoughts with Smith Brain Trust. Read more...

Nicked by Rivals, Gillette Shaves Prices

Gillette is shaving its prices by as much as 20 percent and focusing on its less-expensive products to compete with cheaper rivals, such as Dollar Shave Club and Harry's. David Kass, clinical professor of finance at the Smith School, foreshadowed the razor giant’s move, calling price sensitivity for personal products "the new normal" in 2015. He said Gillette owner Procter & Gamble historically had thrived by charging a premium price for premium brands. Then, things changed. More and more people began treating consumer goods like interchangeable commodities, but P&G, Kass says, was slow to adjust. Read more...

A Better Mate for Kraft Heinz?

After a brief courtship with Unilever and an amicable parting of ways, Kraft Heinz might soon find there are other fish in the sea. Less than 48 hours after Kraft Heinz' $143 billion bid for the Anglo-Dutch consumer giant was disclosed, the two sides professed their "high regard" for one another and said they'd go their separate ways. With Unilever seemingly out of the picture, Smith School clinical professor David Kass has been thinking about potential matches for Kraft Heinz, whose board includes American billionaire investor Warren Buffett and Brazilian-born billionaire investor Jorge Paulo Lemann of 3G Capital. And he offers up some potential mates. Read more...

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