Warren Buffett: The financial panic is over (Reuters)

NEW YORK (Reuters) - Warren Buffett, perhaps the world's most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even as the U.S.

Warren Buffett, perhaps the world's most admired investor, said Thursday the financial panic that gripped the globe last year is a thing of the past, even as the U.S. economy's struggles persist.

Warren Buffett’s massive stake in Suncor Energy Inc. could spark investor interest in the battered stocks of Canadian oil sands’ companies, according to analysts. Mr. Buffett had acquired 17.7 million shares of Suncor by June 30, according to a U.S. regulatory filing by his company Berkshire Hathaway Inc.

Warren Buffett, the billionaire investor who oversees stakes in some of the largest U.S. banks, said the nation’s lenders have rebuilt capital to the point where they no longer pose a threat to the economy. “The banks will not get this country in trouble, I guarantee it,” Buffett, chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc., said in a phone interview last week. “The capital ratios are huge, the excesses on the asset side have been largely cleared out.”

By Bottom Up Investments: Thursday, we wrote an article suggesting investors purchase Bank of America because, among other reasons, Warren Buffett had agreed to invest in the Company. Most of the pushback we received centered on the fact that Buffett was seemingly raking BAC over the coals on the deal.

Warren Buffett's been investing for a long time. ValueWalk's Jacob Wolinsky just posted this piece by the then 20-year-old investment salesman Warren E. Buffett. It's dated Thursday, December 6, 1951 and it comes from a publication called The Commercial and Financial Chronicle. The article title: "The Security I Like Best." Wolinksy credits London Value Investor for unearthing it.

I've long admired Warren Buffett and still do. I've heard him tell many times how his secretary pays a larger percentage of her small income on taxes than he pays on his large income. Sometimes he elaborates; sometimes he doesn't. When he doesn't, he does a great disservice to the cause of financial literacy in ...