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. 

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...

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...


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