and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the mega holding company that buffett built. like his father, howard does not live the high life. in fact, he's a farmer who would rather dig up the ground than sit in a boardroom. are you sure he's your son? >> well, i think that's worth checking out. you'll have a big exclusive. [ticking] [bell ringing] >> for 150 years, the floor of the new york stock exchange was the center of the financial world. but today most trading in stocks is done elsewhere by robot computers that buy and sell in microseconds, faster than you can blink an eye. and the computers have done so well that some institutional traders have come to believe that the game is rigged. are humans ever involved in the trading? >> humans are not involved in the trading because humans are way too slow. [ticking] >> there are close to 850,000 of them in the united states, twice the number of atms. the new slot machines, the main attraction at casinos, are like high-tech video games. and states across america are increasingly relying

chairman and ceo warren buffett saying he is fuming how the hotel industry treats berkshire hathawaystors during the meeting in omaha, nebraska. the whole weekend begins march 1. but it was a blog on the "wall street journal"'s i gave him a call. he said what i really don't like is the three-day minimum the hotel institutes during the weekend. they have less than 12,000 in stock, they are not rich, so anything i can do to help, i will. he is suggesting investors use the whole sharing website giving it a big shout out. they may go public soon at some point, this could not hurt them, certainly. they will get a lot of homes in omaha, nebraska, to let people stay in them. shares of 88 pennies. don't forget, i will be in omaha for the entire weekend of the berkshire hathaway meeting whatever the cost of the accommodation and i will be interviewing warren buffett himself several times throughout the weekend, but you have got to start watching and make sure because we are live to give you a sense of where he is investing and where he sees the economy. more than 78 companies under his umbrel

role forot see any berkshire hathaway in fannie or freddie.d be summoned some housing arrangement that gets worked out in the future. -- there could be some housing arrangement that gets worked out in the future. why was it so hard to find? >> they must be in hibernation. i put out an ad in the annual report and i did not hear from anybody that had a substantial short position. we wanted a real bear. that is how you separate the real ones from the ones that would just like to have a seat at the meeting. >> you wanted somebody who actually had a position. did you yourself go out to look for a bear? >> i just wrote that in the andover port. i did not get a -- i just wrote that in the annual report. >> does that concern you that shareholders will not get the full picture? we will have three journalists and three analysts. among those six, they will get a chance to ask 36 questions. they can ask anything they want to ask. i hope we get questions that probe at our weak points. ofby the way, in terms acquisitions, i heard a rumor that you might be i

mike mccann is an agent is berkshire hathaway home services, fox services. us. let's get to the first listing, 849 south 7th street apartment 4a. $235,000, list price. $2,800 yearly taxes. two bedroom, one bathroom. 840 square feet. tell me about it, mike. >> it's a restored schoolhouse. loft style space. excellent for single female, single male, young professional couple and it has parking. >> oh, it has parking. that's big. a nice view. >> yes. >> unbelievable. 11 1/2 foot ceilings. loft sleeping area in addition to another bedroom. >> terrific. all right. second listing. 745 climber street. the list price, $450,000. yearly taxes about $2 ,500. four bedrooms, two bathrooms and 1,400 square feet. looks like it has a lot of character. is it in the historic district? >> restored home. fantastic block right down the street from a great little restaurant. bella vista is loaded with restaurants. this is a home for a growing family. one or two children. there's some parks in the area. great rooftop deck. skyline view. nice restored pine floors. fantastic communit

fox business, team buffett heading out tomorrow, and i'll be reporting from the berkshire hathaway annuallders' meeting weekend. i will, of course, be speaking with warren buffett himself, charlie munger, bill gates and some surprise guests. few people get this type of access, but you have it through us. just tweet me -- tweet, yeah -- and facebook me and use the hashtag ask liz. in turn, i'll is ask buffett, and you can get in on the conversation. tell me what you would love to ask warren buffett himself about investing, about companies, about anything. ♪ i ys say be thman with the plan but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hai

i'm heading to omaha for the berkshire hathaway annual shareholders' meeting.urse, be speaking with warren buffett himself, several of his top lieutenants and a couple of surprise guests. i'll be getting their thoughts on everything from coca-cola to benjamin moore to the greater economy. all kinds of companies. very few people, very few networks get the kind of access. you will get it through us here at fox business. do me a fave, you can tweet me or facebook me, just hughes the hash tag askliz, and you can tell me what you would like to ask warren buffett himself. if i choose your question, you'll be happy. ♪ ♪ ♪ liz: billionaire bill ackman doesn't seem to liker reporters here at fox business. [laughter] i don't think he likes me either, but -- [laughter] he used to. bill, what happened? now he's making sure that very reporter doesn't get invited to a new documentary. charlie gasparino here on why there's a beef between activist investor bill ackman -- [laughter] now, come on. you could be very mice and get access to him -- nice and get access to him. >> so

berkshire hathaway.ck of capitalism. >> he's like a rock star there. >> he's like your grandpa, but he's a billionaire. that makes him really pretty special ♪ ♪ the weather, we'll all stick together ♪ >> his friends and followers run the gamut. from the average joe -- >> hi, how you doing? >> -- to billionaire bill gates. and improbably actress susan lucci. >> good morning. >> he's terribly successful, we all know that. but he's also very good at communicating to the public. how they might achieve their open own dreams. >> buffett began achieving his at age 11. that's when the math prodigy made his first investment in city service, coming out cash positive and developing a straightforward investing strategy. >> he's not a buy high, sell higher guy. that's a momentum player h.'s a buy low, hold and then get the full value man. >> it's as much about him, the person, the investor, as it is about what he's done in american history of business. taking berkshire hathaway and turning it from a textile company,

finally, berkshire hathaway, whenever you start reading negative articles about number six on the listwarren buffett and his stock picking, that's when you've got to go all-in buffett. and makes sense ahead of the omaha shindig at a time people want value. his portfolio is chocked full of it. i think there might be a reasonable shot of this guy ringing the bell on cnbc's 50th anniversary. do you mind if i throw in someone who doesn't run a company while i'm at it? when you hear carl icahn likes a company, i think you probably want to like it, too. whether it be apple or herbalife. he's been the man with the midus touch. those who came in after he made noise in ebay are feeling the bruises today. they didn't jump on the bandwagon when he did. but to pass up a tag along with icahn especially given his work in apple, foolish. again, i've seen all the icahns and titans on the top 25 list. but here's my bankable version of the list. i want starbucks and facebook right here, take in some berkshire hathaway for a keepsake and tag along with carl icahn on his next big buy. robert in texas, rob

berkshire hathaway for me. berkshire hathaway because i got in the business in 1990.to get the a share. liz: you bought it at what? >> it was 5,000 bucks then which at time was really, really expensive. liz: stop. >> any american fund growth fund. look back at 20 or 30-year number, you're up six, seven, eight times your money. >> that is a good point, liz, despite volatility day-to-day and high frequency stuff we're talking about, most investors would be better off not being traders. forget about trading and trying to compete with black pools and algos. >> don't be greedy. take 10% or 20% of your gains, hold them in cash. you will have the before opportunity to buy the great stocks. >> take your cash and move it into -- liz: your parents are watching and don't like when the boys fight. david, jonathan. great have you. getting worse as they grow older. go to commercial. always good to see you. >> great seeing you, liz. liz: great seeing you too. thanks very much, the murray brothers. david: i noticed david is taller right? he is my friend for life. transforming the ene

next week we'll bring you the show from omaha, nebraska, where thousands of berkshire hathaway gather for the annual meeting. each week keep it here, we're "on the money." i'll see you next weekend. female announcer: get three years interest-free financing on brand name mattress sets. plus, get free delivery, and sleep train's 100-day low price guarantee. sleep train's interest free for 3 event, is ending soon. ♪ your ticket to a better night's sleep ♪ (man) the sharks are back, looking for the best products and businesses america has to offer. the only thing that really matters--what is it? money. if the sharks hear a great idea, they're ready to invest, using their own money... seeking a $3 million investment. whoa. and fight each other for a piece of the action. are you gonna send money to die here, barbara? would you mind your own business? you're out. i'm trying to save the money. mind your own business. i don't care what happens to you. i'm trying to focus here. i'm worried about your money. i'm trying to listen here. but first the entrepreneurs must convince a shark to invest t

beaten the market by a very wide margin over his 49-year career in investing, his record at berkshire hathawayears come he is doing worse than the typical fund that tracks the s&p. hefett has said since focuses on the additional funds -- death of the report concludes by comparing him to michael jordan -- the author of the report concludes by comparing him to michael jordan. in the later years he just wasn't a superstar anymore. >> patrick, what do you think about that? is that an affliction you see among other managers as well? >> first of all, i don't think warren buffett needs me to defend him one way or the other. it iswill say that yeah, true that in the last year, year and half, you have seen some speculative stocks run apart. when you're seeing now is a correction in those kinds of stocks. >> like the tech stocks? >> not just tech. companies where there is no earnings come where it is a story about anything in the future and nothing today. >> sounds like tech to me. i know you have a few stock picks. kraft is one of them and alix is digging deeper into kraft. >> food companies across the

>> berkshire hathaway is the second largest component and it's not reporting.ouple others not reporting in the time period of this expiration. sometimes on days like today, traders scramble for -- to lower their downturn exposurexposure. what's the cheapest premium i'm willing to lose against some of the big longs i have on a down day? >> the interesting ghing this trade, they are almost right there now. this is not a bet that the stock market is going to drop a ton. it's a bet that the xlf is going to drop a little more. >> let's get more on the financials. call to the charts with carter braxton worth. what do you see? >> a lot going on. this is the second biggest sector in the s&p after technology. it's held up, but it's not holding up as of now going forward from what we can see. so here's the best part of the financial. this is the regional bank index. it is still on trend, albeit a t closed right at the trend line today. this is the fifth time we've touched the trend line. the presumption is this is going to give way. let me look at others that have alread

and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the megat buffett built. like his father, howard does not live the high life. in fact, he's a farmer who would rather dig up the ground than sit in a boardroom. are you sure he's your son? >> well, i think that's worth checking out. you'll have a big exclusive. [ticking] [bell ringing]

>> because berkshire hathaway is the second largest component of it and it's not reporting. there are a couple of others that are not reporting in the time period of this expiration. to me, sometimes on days like today, traders scramble to lower their delta exposure. they go in there, their risk manager taps them on the shoulder, what's the cheapest premium i'm willing to lose against some of the longs that i have on a big down day. and that could be what's going on. >> the interesting thing about this trade is that they are almost right there now. this is not a bet that the stock market is going to drop a ton. it's a bet that the xlf is going to drop a little bit more. >> let's get some more on the financials. call to the charts was the only carter braxton worth? what do you see? >> what's really important is this is the second biggest sector in the s&p after technology. it's held up, but it's not holding up as of now going forward, from what we can see. so here's the best part of the financial. this is the regional bank index, and it is still on trend, albeit it closed rig

berkshire hathaway owns 9.1%. shareholders improve a controversial executive compensation program.t pays coke manages shares of the company. buffett abstain from voting, even though he is against it. >> i voted enthusiastically for the directors and i am certainly enthusiastic. being the ceo, i do not think you can have a better one. i thought the plan was excessive in that it talked about 500 million shares and using them up over for four years. my view is that it was excessive. i could never vote against coca-cola. planld not vote for the either. it is just the way i feel about the people there. is david his disciples winter, also against the plan. winters wanted buffett to be more vocal in fighting it and here's why he was not there it >> i was not interested in taking up that campaign. i do not disagree with him and doing it. you've been a shareholder a long time, he, like me, feels it is an excessive plan. i would not have waged a campaign against him. i was not going to work on his behalf to age one. class he said he thought there was a conflict because you have criticized ot

we had the berkshire hathaway annual meeting that starts on friday and lasts throughout the weekend.pect up it to take questions. do not expect the questions to be all that tough. buffett was unable to find an analyst short on berkshire shares to join them on saturday's panel. no bear for buffett. lacks stay with us. another check of the market movers is on the other side of the break. "bottom line" continues in just a moment. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet. that does it for this edition of "bottom line" on bloomberg television. i am mark crumpton reporting from new york. have a great weekend. i will see you on monday. ♪ bloomberg television is on the market. let's take a look at her stocks are trading today stop we have had these pretty sharp declines throughout the session. the nasdaq ounce since we got the numbers out from amazon. it has been weighing on stocks as well as the heightened tension in russia and ukraine. to get more i want broadly to what is going on in the etf and ecm world. exchange rated notes ar

have you had conversations with him and is he an a point gee of berkshire hathaway or separate? sure the fact that i had been on the board and we own a lot of stock may have entered into that. he is there to remember coca-cola shareholders not berk shire hathaway. i talked to kemp multiple times. i talked to my son howard briefly. muktar is the director. joe was wrong on that. there were multiple conversations. >> we'll talk about this on monday for sure. >> we want to congratulate you on the list. we will see you this weekend. andrew and i will both be in omaha. we'll see you there. >> and you will see me in another 25 years on your next birthday. >> thanks for the book on creighton university. there is not a net jet card in between any of the pages. >> look carefully, joe. >> i'm going to go back and look again. i went through. i used a little x-ray thing. there's nothing there. >> it might have gotten lost in the mail. >> i'll be looking for it. >> that's warren buffet. disney expands to shanghai. why is our arizona-based company relocating manufacturing to upstate new york?

companies like johnson & johnson, berkshire hathaway, they are great companies they sell -- they have lot of them veryat cash dividend yields, better than what people get in the instruments they own right now, these are -- really quite safe, relative to -- i would say bond market right now is risky. lou: michael holland good to see you. >> thank you, a great tie. lou: thank you, listen to my financial reports three times a day on sal salem radio network. join us for those reports, a mega-mansion in los angeles county breaking record for most expensive single family home ever sold in los angeles. there it is. wow. 12 bedrooms, a 15 bathroom property. features, tennis courts, a jogging track, a swimming pool. 9 car garage. 102 million dollars, a cash deal we're told, it would be. we're coming right back. >> in vermont, left wing calling sebgtassaultsecond amendment, sk urgeing vermont police to report the constitution, and ignore new gun control laws in the state. >> he is next. (dad) well, we've been thinking about it and we're just not sure. (agent) i understand. (dad) we've never sol

so i buy shares of berkshire hathaway and i figure whatever happens, he will be positioned to explore it and he will be able to defend it. so what i really want to do is not think about it. i want to think about writing stories. so that is how i am in the market. >> host: bill from tucson, arizona. please go ahead. >> caller: hello, my question is regarding stocks having been lifted from the new york exchange and other exchanges. what the reaction is and the feeling that their stock prices are being manipulated by these high-frequency traders. >> guest: that is a great question. you look at the parties here and there's actually a dance between this as framed in the book and investors in the market. people buying and selling stock for more than a millisecond. and the predator being a high-frequency trader. but there's another part of the transaction that you never hear from and probably should hear from and the purpose of the stock market is to channel investment capital to people who can put it to productive uses. all of this has nothing to do that. it's a lot of financial regulation.

. >> berkshire hathaway is coke's largest shareholder with a 9% stake. buffett says he has no intention of selling any shares. as for the role of activist investors, buffett says they're getting stronger. >> the ceos are terrified of activists, i can tell you that. they're all talking to investment bankers and lawyers, saying what do we do about this. >> who is in the right or is it tough to paint all activist investors with one brush? >> they're companies where management has not done a good job. i'm not referring to anything specific here. certainly if people want to step up and buy stock in a company, it's hard to argue with their right to do that. >> asked if he agreed with david einhorn's of a possible secretary tech bubble, buffett said he doesn't always understand tech valuations. buffett rejects the notion the u.s. stock market is too fluffy right now, as the major indices re-approach their all-time highs. >>> coming up on "worldwide exchange," including next, bank of bonuses in the spotlight as barclays investors gather for the firm's agm in lon

i am reporting live from the berkshire hathaway annual shareholder meeting.have got to tune in every day, but friday in particular a whole range of people. mr. buffett himself throughout the week an in a couple of surpe guests. few people have this kind of access but you can get it too. use the hashtag ask liz. wants to get in the conversation? he wants this question asked. what one change could president obama or congress may to increase u.s. jobs growth? thank you so much. the rest of you, anything. investing in oil, hashtag ask liz. i ys say be thman with the plan but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in

the only other major company i follow that doesn't give guidance is berkshire hathaway. warren buffett wants to win long term, same with google. which is unlike the vast majority of companies you hear about, when google misses the numbers, it's far less important than pretty much if any other company did the same thing. that's because frankly, the analysts are clueless about what google can really earn when they try to get the numbers. it's not like they missed their own forecast. they don't make forecasts. the number that disappointed was only disappointing in the eyes of the analysts. now, you might wonder who else matters in the process other than analysts. big deal, jim. all that matters was the analysts. that's where i can help you. the portfolio managers themselves matter. they look at google. in a couple of days they won't be looking at it in the vacuum of the internet sector. no, money managers will look at google versus all the other stocks in the s&p, all the other stocks they own. they'll see they're missing an opportunity to own a company that's growing, reme

so i buy shares of berkshire hathaway and i figure whatever happens, he will be positioned to exploret and he will be able to defend it. so what i really want to do is not think about it. i want to think about writing stories. so that is how i am in the market. >> host: bill from tucson, arizona. please go ahead. >> caller: hello, my question is regarding stocks having been lifted from the new york exchange and other exchanges. what the reaction is and the feeling that their stock prices are being manipulated by these high-frequency traders. >> guest: that is a great question. you look at the parties here and there's actually a dance between this as framed in the book and investors in the market. people buying and selling stock for more than a millisecond. and the predator being a high-frequency trader. but there's another part of the transaction that you never hear from and probably should hear from and the purpose of the stock market is to channel investment capital to people who can put it to productive uses. all of this has nothing to do that. it's a lot of financial regulation. a

berkshire hathaway is the top mutual fund owner. here are some of the others. sue?> it's going to be an interesting conversation. we're going to talk about bill ackman's latest move on allergan. it's sure to make him a lot of money. but a lot of investors are screaming insider trading. see why so many say ackman's move is neither free nor fair. that's ahead. >>> plus the power pitch. >>> coming up, power pitch pumps up the volume. >> welcome to power -- >> it will make anybody sound like a rock star. >> but will the panelists think it's a smash hit? >> why don't you jump up and show us what this can do. ♪ ♪ ♪ ♪ dance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities app

. >>> whenever i see an article that criticizes warren buffett berkshire hathaway, i know it's time toer his portfolio for some terrific ideas. so when i saw this piece in "the new york times" over the weekend entitled, the oracle of omaha lately looking a bit ordinary, it made me want to jump up and down for top ten holdings because i know it must be time for the stocks to shine. when it seems like buffett may have lost his touch, that's when his bets really start to pay off. >> buy buy why! >> yep, "the new york times" suggested the underperformance is unlikely to be a string of bad luck. sure enough, this piece comes out at a moment when momentum funds are falling by the way side and what's hot has become what's not. and at the moment where investment advisers like dennis gartman are saying it's time to exit equities wholesale i think there's a lot to like about what buffett owns. first, there's wells fargo. they report this friday. it's been a leader in returning can tall and raising the dividends. even without a lot of growth in the u.s. economy. and it's a u.s. based story. wells

liz: i'm heading tomorrow to omaha, nebraska, the annual berkshire hathaway shareholder meeting. the woodstock of capitalism. i call it weekend with warren. we'll speak with warren and top advisors of companies that he owns. on monday, i will sit down with all three of the richest mind as we call them, warren buffett, bill gates, and berkshire vice-chair charlie monger. if you have a question, tweet us with the hashtag, ask liz. you should see your question live, you can possibly see your question live. david: very quickly, ernest on twitter told us about nba commissioner adam silver's decision. it was the only thing the commissioner could have done to satisfy the masses. the nba doesn't need anyone like sterling anywhere near it. liz: gerri willis next. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," what discuss big data know about you? turns out a lot of that info is wrong. we'll investigate. >>> also, apple finally says it will fix problems plaguing the iphone 5, but wait, there's a catch. >>> it is our cash challenge. we're helping you budget bet

the only other one is berkshire hathaway. buffet doesn't care about wall street. he wants to win long-term. same with google. which is why unlike the vast majority of companies you hear about when google misses numbers it's less important than pretty much any other company that did the same thing. frankly the analysts are clueless about what google can earn when they try to get the numbers. it's not like google missed its own forecast. they don't make forecasts. the number that disappointed was only disappointing in the eyes of the analysts. you may wonder who matters in the process other than the analysts. big deal. all that matters was the analyst. that's where i can help you. the answer is the portfolio managers themselves matter. look at google in a couple of days. they won't look at it in the vacuum of the oh internet sector like analysts who cover the stock. nope. money managers look at googlele versus other stocks in the s&p. all the other stocks they own. they will see that they are missing an opportunity to own a company that's growing -- remember these n

we and team fox business are heading to berkshire hathaway and annual shareholder meeting in omaha, nebraska 35,000 plus people descend on omaha. friday we're live all day at hilton omaha is ground zero of the area inned advance of the meeting on saturday. we'll meet with ceos of some of berkshire's biggest companies and warren buffett's three children in a fox business exclusive. on monday, don't miss my exclusive interview with warren himself and vice-chair charlie monger and bill gates. david: i love it when the kids get together. they're not all like him politically. they have different views. "the willis report" is next. gerri: hello, everybody, i'm gerri willis. right know on "the willis report", consumer alert. what recalled products are sitting in your home right now. we have the best way to find out and what to do about it. >>> also secondhand stress. what is it and how can you catch it? and the new pills that stops you from getting hungry. a new fad or something that actually works? we're watching out for you on "the willis report." gerri: get ready, to pay more to use the roads. m

in fact, honestly a little disappointing to hear berkshire hathaway -- warren buffett is a model. >> exactly. >> to not vote -- >> by the way, an abstention, that's saying no anyway. you ought to use your clout when you have the platform and ability to exact change zblooes not been afraid to take the -- >> what's happening here? >> he could pay himself a higher income -- that said, disappoint from warren buffett to not at least vote either way. >> yes. >>> all right. let's take a look here at apple holding on to its gains. best day in two years after announcing an earnings beat in seven for one stock split. the stock is now up about 8.1% here. of course, with the stock split, this could potentially put in the running for inclusion in the dow. of course, not as many index funds are indexed to the dow jones industrial average. it could still help and get the incremental investor in terms of the retail investor, how you express your views in the options market. it will be much cheaper. >> question. the one thing, i heard you talk about it last night on "fast money." you asked did tim co

. >> and a shareholder of berkshire hathaway besides coca-cola.ry personal appeals to warren buffett saying you like to take stands against excessive management comp and now he's saying -- >> the dow up 12% in the past 12 months. coca-cola down 4%. >> underperformance is a big theme. >> by the way, still waiting on that guy, warren buffett. >> that guy, warren buffett. >> still coming up here first on cnbc. don't go anywhere. expect him out of his lunch any moment now. stick around. e financial noise financial noise financial noise financial noise [ chainsaw buzzing ] humans. sometimes, life trips us up. sometimes, we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... to speak with an insurance expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. personaliz

berkshire hathaway. class a and b share. so does broadcast giant cbs, and news corp. facebook even, only one of them is publicly traded. so why exactly do companies do this dual listing? one of the biggest reasons is it helps preserve the control by founders, insiders, controlling families of a public company. you can trade the non-voting shares all you want, but there won't be at much trafficking of the non-voting shares. along the same lines, this structure can fend off activist investors who can accumulate stakes in the company but won't ever had voting rights associated with the voting shares. the new class of irsshares serv as currently without giving up control of the company overall. again, lots of controversy, and buzz about dual share classes and, of course, what's down the pike for other large tech companies as well. back to you. >> dom, thank you. >>> what exactly prompted google to create this new share class? bring in tom forte from an adviser group. tom, a lot of companies do it's. right? nothing wrong with it, but it's kind of weird now. what's your opi

yes, you can, you own this or berkshire hathaway. >>> that does it for us.see you tonight on "fast money" meantime, back over to mand,. >>> a big utility merger and some weird movements in the stock well before the deal made the news. that's item number one two striae talk coming up. >>> and could now be the best time to double down on dreamworks? we're going to talk some numbers when "street signs" returns. some financial guidance s. d so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people talk, great things happen. mattel started in a garage. disney started in a garage. amazon started in a garage. ♪ the ramones started in a ga

of course, if you're trying to pick the next berkshire hathaway, you're not going to feel the pain from some mosquito that buys that stock ahead of you and selling it back to you. when you're up 1,000 points, you p don't care much about a mosquito bite. but say you trade millions of shares a day. how about if your pension, your 401(k) is invested by funds that get bitten every day by mosquitos. that's a lot of bites. it's a lot of lost blood. it's not a pinprick. it's up to the government to stop that blood letting, not the buyers or sellers who are simply trying to get the best price for you. don't you think we have enough fees and taxes already on trading? if the securities and exchange commission can stop one of them, this one, why doesn't it? now, perhaps the government doesn't view these mosquitos as rigging the market. but even if it's not rigged, it's obviously still nettle sm to the stocks out there. we hear all the time from funds that promise you the best price, but that's obviously a fiction given that the high-frequency mosquitos stand between your manager and the best price

. >> -- he's probably looking at it and saying they delivered for me and berkshire hathaway. de to the management team. he believes in decentralization management at berkshire. who is he to go in there and muck it up? this is a corporate leadership issue. 3,300-to-1, guys, look out, the government is coming after you. >> good debate. thank you very much. mike, good lesson. >> thanks. >>> before we go to break, let's look at the stocks leading the markets lower. you have masco -- >> big home building play. >> yeah, detroit-based company here, down nearly 10% today. amazon.com is down 8.5% to $307.93. and chip maker kla-tencor, down 10.5%, those are the nasdaq 100 laggards. >>> still ahead on "the half," pete najarian, seeing bullish activity in one retail name, but is it enough to make him buy the stock? a young boy finds his dreams after the break. when he agreed to cosign for his daughter's credit card... he thought it was the end of the conversation. she didn't tell him that her college expenses were going up. or that she maxed out her card during spring break. when the sate

a realtor with berkshire hathaway perimeter in atlanta. i guess that means he can't come downtown. stay on the perimeter. today we focus on the city of roswell which is located about 20 miles from downtown. let's look at the stats for greater atlanta. average sales price, $389,000, average selling price, about $245,000. 4.7 months of inventory on the market. properties are on the market for about 80 days right now. welcome back. good to see you. >> thank you. >> our first listing is at 510 wheatridge bluff in roswell. asking $399,000, $5400 in taxes. a big house, 4800 square feet. why do we like this one? >> it's a spectacular house. it's located in brookfield country club. for the price, it's actually priced very well, considering all of the other houses in that subdivision. it's large. as you said, five bedrooms, four baths. it's been renovated. that house was built in 1987, as you can look at the pictures, can you see it's been renovated very nicely. hardwoods throughout. granite countertops. for $399,000, it's a steal. >> yeah, and we move on to our second listing at 1220 oakha

they are trying to be like a mini berkshire hathaway. just led it ride. robert in new york, robert?er: jim, a happy boo-yah to you and your crew. >> same. >> caller: i have a two-part question on hess regarding their management, and wasn't there some kind of a management crisis a while back? >> not real crisis. they felt they got a lot of activist pressure to do things, and they did and it's paying off. that's part of the group of the market that's really quite good. the oils. they did great today. that's why i'm saying it's a split market. there's a part that's too speculative and got too frenzied, then there's hess. larry? >> caller: want to give a gator shout-out. mine is tractor supply. i bought it about eight months ago, up about 30%. >> i think you should -- >> sell, sell, sell. >> the last quarters weren't that crazy. i think you should ring the register. a lot of retail traffic is a little high right now. george in california, george? >> caller: yeah, jim, my distinct pleasure to be able to talk to you. and i want to thank you for all your generosity. >> man, you're kind, th

>> the buffett connection is this, berkshire hathaway earns the burlington northern san jose. of the middle section of the country and using rails to do it. they're going to place a 5,000 rail car order at some point this summer, and estimates are anywhere from 700 million and up and i think that green briar is in line to get at least some of that contract. it would be very likely they did. i think it's a huge catalyst. this is a billion dollar market cap stock. expect volatility. i think this is a huge business and when that contract comes out, could be very positive. >> give me, guys, another look at that stock if you would, please, on the charge. gbx is green brier. you say it buy it under 50? >> yeah, you have a down day in the market. >> buck makes that much of a difference if you really make a compelling case like you just did? >> what you want to focus on is not paying for stocks when they're up 6% in one day if you can. it could make a big difference, yeah. >> green brier is a name i talked about on the show years ago. unfortunately, we were out of the stock in the mid

berkshire hathaway, that letter says the proposed equity plan would could dilute all shareholders byalue of each share. joining us right now, jason zobotney. thank you very much for joining us today. we really appreciate your time. what do you think about this particular situation, is this a case where you come down with winters or do you think they're right? >> executive compensation is always a big challenge. i think where we end up coming down actually is this is not a make or brick poefl for makers of coca-cola. we think there is merit in both sets of arguments. we don't disclose exactly how we vote on the proxy issues. we think this is not a make or break item oncoka cola. >> on that issue of the dissolution of coca cola shares, winters has been hypercritical. we had him on the show last week. this was his response to what winters has been doing. >> the delusion is much most closer to 1% levels than the 14, 15, 16 numbers floated out there and our new equity program that we have proposed to our share owners in this coming month in april is completely inline with previous equity

like berkshire hathaway is always a jamboree. >> first of all, i am not an institutional investor.rate standpoint, they should be talking to their big shareholders. i think that ceos and boards are way overreacting. they need to be out every day talking to major shareholders. that is one thing that pepsico did. goldman sachs, they spoke to the shareholders directly. that is really important to understand. come back to me, ask me the question, i want to know. you own the stock, you own the company. i don't want to talk to someone .ho owns 8/10 of one percent i want to talk to fidelity and vanguard. puthy does mike o'neill himself out once per year at the annual meeting to face questions from shareholders? >> in the past year he met with investors as proxy. my issue with the big banks is they have got to get around the corners of it here you go ahead and ceo meet with investors one-on-one. my point is that we as investors can only hold the boards publicly accountable. that is what is important. a lot has been written about annual meetings for retail investors. they should also be for

gold but his signature, a true diamond in the rough will cost you thousands at this year's berkshire hathaway

berkshire hathaway is the biggest shareholder and he used to be on the board but now howard buffett isd and david winters says that compensation plan would be dilutive. warren buffett may not be commenting but he will have plenty to say when i interview him live this afternoon from his glide foundation luncheon. that will be around 3 p.m. apple is reporting earnings after the bell and revenue is projected to be flat for the first time in a decade. what could this mean for the tech giant whose shares are already down five percent this year. stay "in the loop." ♪ >> charter communications is subscribers that comcast is divesting. they are to vesting subscribers -- as part of its deal to acquire time warner cable. part of also own newly formed cable company with 2.5 million subscribers. quarter sales rose 10% at juniper networks. juniper is second in the network equipment market to cisco and the company has been cutting jobs and other costs. shares are up 18% so far this year. minese part of company xao plans to move into other companies -- countries this year. they sell more smart phones

so i buy shares of berkshire hathaway and i figure whatever happens, he will be positioned to exploret and he will be able to defend it. so what i really want to do is not think about it. i want to think about writing stories. so that is how i am in the market. >> host: bill from tucson, arizona. please go ahead. >> caller: hello, my question is regarding stocks having been lifted from the new york exchange and other exchanges. what the reaction is and the feeling that their stock prices are being manipulated by these high-frequency traders. >> guest: that is a great question. you look at the parties here and there's actually a dance between this as framed in the book and investors in the market. people buying and selling stock for more than a millisecond. and the predator being a high-frequency trader. but there's another part of the transaction that you never hear from and probably should hear from and the purpose of the stock market is to channel investment capital to people who can put it to productive uses. all of this has nothing to do that. it's a lot of financial regulation. a

. >> when berkshire hathaway shareholders attend the meetings this weekend they won't be running any this limited edition sneaker is available exclusively at the meeting which comes up this weekend, by the way, on the insole, you guessed it, a picture of warren buffett himself. >> and they say no one tramples on him. with us exclusively is james weber, brooks running ceo which is also celebrating its 100-year anniversary this may. welcome in. good to have you. what did warren buffett think when he saw the sneakers? >> thanks for having me. you know, warren loves these sneakers, loves them most when we sell a lot of them. our best technology and new shoe we just launched in january. he's excited to have his image on the shoe. >> we all know you took the company over, what, 15, 14 years ago. it was nearly bankrupt. you decided to focus specifically on a running shoe, and it's taken off from there because everybody is running these days. how much longer does that go? is it cyclical or is the trend still growing strong? how is it working for you here? >> you know, i think the thing that

of this is i give my money to warren buffett and let him worry about me so i buy shares of berkshire hathaway. i figure whatever happens he will be positioned to exploit it and whatever happens he will be able to defend me. but i really want to do is not think about this. i want to think about writing stories so that's how i'm in the market. >> host: bill from tucson arizona, please go ahead with your question or comment. >> caller: i haven't read your book but i have been involved in the market for over 50 years and my question is regarding the corporations that have their stocks listed on the new york stock exchange and other exchanges and what their reaction is to high-frequency trading and the feeling that their stock prices are being manipulated by these high-frequency traders. >> guest: that is a great question. it's a question that if i had been a better writer i would have found a way to weave it into the book. if you look at the interested parties here and the book is framed as a story essentially a dance between predator and prey. the prey being as framed in the book being investors

he sent him a second letter urging buffett and berkshire hathaway to oppose the equities plan. he says that this is a situation where he really wants warren buffett to stand up and take his side on this. >> no way. this is a guy like 100 shares. >> david winters is a long-term investor. >> he has no money in it. he has $90 million in it. >> he's been a long-time investor. >> it's like 100 shares compared to what buffett has. this is $90 million on a $160 billion company. 90 million. >> he raises fair points about what warren buffett has said in the past about executive pay. he quotes from some of his own annual shareholders. >> on wednesday, we'll be speaking, tomorrow, with warren buffett. he'll be joining us after he dines with the winner of the annual glide foundation auction, the lunch that was auctioned off. the winning bid was $1.1 million. it goes to provide services to the poor and homeless throughout san francisco through the glide foundation. we'll be talking to buffett tomorrow on "street signs." he hasn't said anything yet. we'll get a chance to talk to him tomorrow

buffett is coke's largest shareholder, holding about 9.1% of the shares outstanding through berkshire hathaway told me he abstained from that vote because he didn't agree with the management's equity plan. he hadn't said anything before that. he does say the plan to increase the number of shares it awards managers he thinks is excessive. he didn't want to vote against it or say anything ahead of time because he didn't want to express any disapproval of management. he says he still loves coca-cola. he reiterated his support for coca-cola ceo mukhtar kent. >> in 2002 coke had a plan that involved 240 million shares. that lasted six years. they had a plan in 2008, six years later, that was 280 million shares. that lasted six years. and then this plan when i read about it was for 500 million shares, which they would equate to 340 million, still, 340 or 500, they were going to use it, they said, in four years. that really struck me as quite excessi excessive. so i didn't actually read that until after winters wrote the letter. i would have felt the same way. >> here's a statement from coca-cola on

and you could say it's a positive thing in the sense that you have homes which is owned by berkshire hathawayand warren buffett that's actually you know. pre-manufactured homes they have quality homes they've been in this business for many factual housing since one thousand nine hundred four and so as a result you're getting qual the you're getting perhaps a better product and as a result drives you know lesser quality people but the fact that they're in this is that there's money to be made right there's money to be made and yes it could be they're hoping the broken windows theory works or in reverse kind of nice trailer home work spend if there's money to be made they're going to look at it and i want to ask you are there any other big players in this this new market as well we'll you know the way i am looking at it is that it's not necessarily this market that you see other players but you know what we saw the. the housing stuff come out in terms of existing home sales and new home sales and they were down and what we see there is that the numbers were actually dominated by cash buyers so