aroundids, playing football, going on our campg ips where we would spend the night in a tent i the berkshireswestern masshusetts. thing fancy, hot dogs o the grill, but that ishat he really led. yes, it was a big resnsibility, but at the same time i think he loved every minute oft. tavi to the extent that you can, share with me the conversations that you h with your fathe when he knew he wa battling caer and the hope at he had ithat he could beat it given that he had two kids, a daughter and son,ho had been cancer? i have to believe that h felt he could beat it, too. >> i think wheny dad was diagnosed, tis, i think he s a realist. he knew e odds. at the same time, he ways nted to keep ho. he w an eternal optimist. buwhat is important is that he lived every sine day of the lastear-and-a-half to the full list. yes, he knew abouthis impending death. he knew that had terminal illnes but it is what we do withur lives that pnt that is ally the testament of a person. he was able to sebarackbama be inaugurated as t president of e net states. he got to go skeet -- he got to gopeak at the convention. h

kids, playing football, going on our camping trips where we would spend the night in a tent in the berkshireswestern massachusetts. nothing fancy, hot dogs on the grill, but that is what he really loved. yes, it was a big responsibility, but at the same time i think he loved every minute of it. tavis: to the extent that you can, share with me the conversations that you had with your father when he knew he was battling cancer and the hope that he had it that he could beat it given that he had two kids, a daughter and son, who had beaten cancer? i have to believe that he felt he could beat it, too. >> i think when my dad was diagnosed, tavis, i think he was a realist. he knew the odds. at the same time, he always wanted to keep hope. he was an eternal optimist. but what is important is that he lived every single day of the last year-and-a-half to the full list. yes, he knew about his impending death. he knew that he had a terminal illness. but it is what we do with our lives at that point that is really the testament of a person. he was able to see barack obama be inaugurated as the president o

one year later, berkshire hathaway is looking at the sweet profit, but for how long?of ford surging today following upbeat comments from the ceo about his view of the u.s. auto market. is it time to buy

buffett is the famed investor, whose biographies are snapped up by eryone trying to figure out w berkshire hathaway made all of its billions. he is the man who probably more than anyone else, and it this point he is the either wealthiest man or the second wealthiest man probably than anyone else the age of modern insting& and his son, howard, was assistant to the chairman, dwayne andreas. in this story, in this event that takes place in the book there was a point whe they were discussing going to chicago bears game. dick durbin and howard buffett. now, whether a reqst was actually made or not is not quite clear. it is clear that there was a belief that the reqst was made, @nd adm and howard buffett , this kind of thing might violate some ethics rules so they went had a lawyer look into it and a lawyer came back and said, fine as long as the congressman pays for half of it and buffett called durbin and said you are going to have to pay for half of it and apparely he was very gracious and said thank you very much. it was notn issue for him apparently he was not trying to get a free ticket bu

>> you know, i always -- our largest position today is berkshire hathaway. and i've said it before, and i hate to be a broken record, but look, it's 25% undervalued and it's the kind of bulletproof balance sheet blue chip you want to own if stocks start taking a dive. >> you owned it a while back -- >> it's larger than a 10% position. of course we're not putting new money to work, but it's cheap, let's face, it rapidly growing. and now we're playing defense. five months ago when i was last here we were playing offense. >> interesting shift. whitney tilson, thanks for your time. don't go anywhere. lots more rapid-fire word on the street trades on the way. including a new way to trade gold. and a stock moving after hours. you're watching "fast money" on cnbc, first in worldwide. ♪ he's a magic man >>> they don't call him the man with the crystal balls for nothing. he saw the economy tanking while wall street kept the good times rolling. with stocks climbing to new highs, has rosenberg turned rosy? >>> and we're putting a sizzle back in after-hours action. we t

berkshire hathaway put a 10% stake into a company you may never have heard of.re's talk that he might be upping that stake. this comes from what byd's chairman suggested last week that buffet would put more money into his company. we called him up and asked him if these rumors were true. he said i can't say one way or the other, but we should know that buffet actually wanted to buy a 25% stake in this automaker last year, but they weren't willing to sell him that much, kyra, so it looks like he may be increasing his bet on electricic cars. >> most of us probably haven't heard about byd so what can you tell us about it? >> it standards for build your dream, it was actually one of the largest cell phone battery makers in the world. then they actually bought out a car company. next year, here in the u.s., they're going to launch an all electric vehicle they claim, kyra, it can get 249 miles on a single charge. and the timing of this is really significant because it's going to hit the market here just around the same time that gm's chevy volt is going to come out an

not that citigroup shares are like berkshire hathaway but citigroup shares are under pressure.oing a whole lot. right now a little negative but not much. it's sort of staying close to the flat line. >> yeah. s you mentioned this is happening quickly. is citigroup healthy enough to repay us? we're talking about stock price already but still. >> reporter: very good question. there is still dead weight. toxic assets. tens of billions of them still on the book for citigroup. also growing loan defaults. even having said that, citigroup made money the last two quarters and things have changed. the u.s. government is not considered the banker of last resort anymore. there is a sense that citigroup could borrow money from other entities. why would citi want to do that? lose the sigma nificant but it wants the government out of its board room to do what it wants to do. when i interviewed the chairman of citi he says the thing he objects to most of all is not being able to pay his people what he thinks they're worth. it's like the new york yankees. good people, you lose talent, and some

. >> he already owns through his company berkshire hathaway, 10% of a company that you may never haveut. he bought that about a year ago. now there's talk that he may increase his stake. that's warren buffett standing next to one of those electric cars at a photo shoot back in march. the chairman of byd suggested last week that this may happen that buffett may take a bigger stake in his company that sent shares of that chinese company soaring and buffett told me this morning, listen, i can't tell you whether or not i'm going to increase my stake. i'll leave that to the chairman of byd to say. that's what he's indicating. which should note, heidi, last year warren buffett wanted to buy 25% stake in that car maker but they weren't willing to sell that much at the time. all signs point to keep an eye on this one. >> many heard of byo but not byd. >> is it stands for build your dreams. this is a cell phone maker one of the largest cell phone battery makers in the world. then they bought a bankrupt chinese car company so they could transfer their advanced battery technology to cars. it's p

poppy haarlow sat down with the berkshire hathaway ceo warren buffett today.f interesting stuff you had in that interview, but give us some of the highlights. >> reporter: you know, one of the highlights was i asked him as fed chief bernanke said this morning looks very likely we're coming out of this recession. warren buffett was more skeptical saying across his businesses with bath away he's not seeing many green shoots but is not seeing much deterioration but the highlight of the interview was his take on the rising national deficit and said it might not be a near-term risk it's a huge long-term risk and i asked him about health care and the possible trillion dollar price tag coming along with it. does he still support obama and his push for health care? take a listen to that. >> you supported president obama. >> 100%. >> reporter: do you support him right now in his health care push? >> we still haven't seen the final plan. i think that, unfortunately, not because of president obama but just because of the way the debate has taken place it's become much mo

in 1994 i could buy a speed boat or one share of berkshire hathaway. i got so much pressure out of the boat it's well worth it. i would do it in a second. >>> another case hits the u.s. supreme court. what city's controversial handgun band is before the high court. >>> chicago police are looking for three more suspects in the beating death of a 16-year-old honor roll student and award money is on the table. investigators asked the secret service to enhance the amateur video of the fight that killed derrion albert. they say they may charge people who participated in the thursday fight even if they didn't come into contact with albert. >> you've watched the video. there's kids walking around with cell phones. they're on the phone. you have someone filming it. why as a society someone doesn't call and try to help someone but we rather film it is beyond me to understand. it's very sad. >> so far four teens are charged with first-degree mother. the mothers of two spoke out in their defense yesterday. >> that's not my baby. >> they had to defend themselves.

but buffet's berkshire hathaway owns a chinese electric car and battery maker.ch. now there's talk he might increase his stake in the chinese automaker. the chairman suggested just that last week and that sent shares of that chinese company just soaring. we called warren buffet this morning. i asked him and he told me, i can't say either way whether i'm going to increase my stake or not. he said, i'll leave that to the head of byd to speak to that. we just note that warren buffet wanted to buy 25% stake in that automaker last year, but they weren't willing to sell that much. they would just give up 10%. we'll see what happens with that. >> poppy, tell us a little bit more about byd. >> it stands for build your dreams. it's a really great name and it was one of the largest cell phone battery makers in the world. and then they bought a bankrupt chinese car company so they could transfer their battery technology to cars. they already sell a gas-electric hybrid in china. it's about $22,000. it goes about 62 miles on a single charge, which is actually pretty good. an