Warren Buffett

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...

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...

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...

Smith Students Join Buffett, Gates on Fox Business

Finance students at the University of Maryland’s Robert H. Smith School of Business shared a virtual platform on May 5, 2014, with two of the most successful individuals in business.

The setting was Omaha, Neb., where Fox Business Network conducted an hourlong Warren Buffett interview to culminate its coverage of the Berkshire Hathaway annual shareholders meeting. Microsoft cofounder and Berkshire shareholder Bill Gates joined the conversation in the studio, while about 35 Smith undergraduates participated remotely from a University of Maryland classroom.

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