Warren Buffett, one of the country's richest people, attended the race as a guest of car owner Joe Gibbs.

BEIJING: Chinese billionaires, who in terms of numbers emerged second only to the US, have shunned the invitation of two of the world's richest men Bill Gates and Warren Buffett for a charity get together here later this month for a fear of parting with their hard-earned riches.

Having persuaded many of their billionaire peers in the US into giving away chunks of money, Bill Gates and Warren Buffett are travelling to China to host newly minted Chinese tycoons to sell them on the value of philanthropy.

Warren Buffett has Wells Fargo as his second largest holding after Coke. He has nearly doubled his stake from 170 million shares in 2005 to 320 million this year. Wells presently trades for less than what it was in 2005, but had been paying close to a 4% dividend prior to the financial crisis. Buffet seldom comments on his minority stock holdings, but he did discuss Wells Fargo in the 1990 shareholder letter.

Northland financial advisor Lucas Remmerswaal has created a children's book based on the habits and principles of the world's third richest man, Warren Buffett.

It’s from Warren Buffett’s 1996 letter to Berkshire Hathaway shareholders, and here’s what it says:

“Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, 10 and 20 years from now...”

Warren Buffett and Bill Gates will visit Beijing on Sept. 29, the Economic Observer reported, citing Soho China Ltd. Chief Executive Officer Zhang Xin.

Warren Buffett's Berkshire Hathaway Inc. said the price it is offering to pay for the shares it doesn't own in its subsidiary Wesco Financial Corp. is "fair" and it doesn't intend to pay more to boost its ownership in Wesco to 100%.

Swiss Reinsurance Co. Chairman Walter Kielholz said the world’s second-largest reinsurer plans to repay investments from Warren Buffett’s Berkshire Hathaway Inc. instead of allowing him to convert bonds into stock.

Legendary investor, Warren Buffett, has been named as a potential bidder for Royal Bank of Scotland’s (RBS) insurance business.

IT'S another steamy summer morning in Shanghai and as I travel to my office watching China's prosperity being built before my eyes, I cannot but question where China will stand in the not-so-distance future.

Warren Buffett, the world's newest octogenarian billionaire, has been beating the stock market for decades. But in the difficult 2000s, the legendary investor has really shined.

As he celebrates his 80th birthday, Warren Buffett shows no sign of slowing down. Stephen Foley looks at the secret behind the philanthropist's global success

THE year started on a charitable note. The four leading philanthropists from India chosen by Forbes magazine were all women! The generous ladies are Anu Aga, the grand old dame of corporate India; Rohini Nilekani, wife of IT czar Nandan Nilekani; Kiran Nadar, art collector and wife of HCL’s Shiv Nadar, and Kiran Mazumdar Shaw of Biocon.

NEW YORK (Dow Jones)--Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) announced plans to acquire the 19.9% of the shares in Wesco Financial Corp. (WSC) that it doesn't already own for about $500 million.

Warren Buffett has repeatedly made it very clear that he has no interest in investing in the technology companies, considering that they fall outside of his "circle of competence." So it may come as a surprise to many that Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) disclosed a new $200 million position in a technology stock in a filing Monday. Is Buffett straying from his area of expertise or is there more to the investment than meets the eye?

You don't need the investing acumen of Warren Buffett or the riches of a trust fund baby to achieve financial success.

In an effort to improve transparency, the SEC recently ruled that it must adhere to the Commission’s “Plain English Handbook“.