David Kass Directory Page
David Kass
Clinical Professor
PhD, Harvard University
Dr. David Kass has published articles in corporate finance, industrial organization, and health economics. He currently teaches Advanced Financial Management and Business Finance, and is the Faculty Champion for the Sophomore Finance Fellows. Prior to joining the faculty of the Smith School in 2004, he held senior positions with the Federal Government (Federal Trade Commission, General Accounting Office, Department of Defense, and the Bureau of Economic Analysis). Dr. Kass has recently appeared on Bloomberg TV, CNBC, PBS Nightly Business Report, Maryland Public Television, Business News Network TV (Canada), FOX TV, Bloomberg Radio, Wharton Business Radio, KCBS Radio, American Public Media's Marketplace Radio, and WYPR Radio (Baltimore), and has been quoted on numerous occasions by The Wall Street Journal, Bloomberg News, The New York Times and The Washington Post, where he has primarily discussed Warren Buffett, Berkshire Hathaway, the economy, and the stock market. He has also launched a Smith School “Warren Buffett” blog. Dr. Kass has accompanied MBA students on trips to Omaha for private meetings with Warren Buffett, and Finance Fellows to Berkshire Hathaway’s annual meetings. He was an officer of the Harvard Business School Club of Washington, DC, and is a member of the investment and budget committees of a local nonprofit organization. Dr. Kass received a Smith School "Top 15% Teaching Award" for 2009-2010, a "Distinguished Teaching Award (Top 10%)" for 2014-2015 and 2023-2024, and the prestigious "Krowe Teaching Award" for 2015 and 2019.
News
Is the stock market in bubble territory, ready to burst? Or are these boom times?
That will be the debate at the U.S. Equities…
Insights
CGTN (China) - The Outlook for Airlines - December 11, 2024
Scripps News - The Stock Market, AI and Trump Media - April 2, 2024
CBS - The Outlook for Stocks in 2024 - January 3, 2024
Yahoo Finance - Charlie Munger's Legacy - November 29, 2023
Yahoo Finance - Interview on Bank Regulation - April 24, 2023
CGTN (China) - Southwest Airlines Weather Related Problems - January 26, 2023
Yahoo Finance - Interview on Carlos Ghosn - January 2, 2020
BNN TV (Business News Network - Canada) - Interview on Warren Buffett - February 26, 2018
Maryland Public Television ‘How Experienced Investors React to a Jittery Market' - December 17, 2015
CNBC Squawk Box Asia - "Who Will Succeed Warren Buffett?" - March 1, 2015
Maryland Public Television Interview on Investing Advice - September 18, 2014
Maryland Public Television Interview on Presidential Election - September 20, 2012
Fox TV Interview on Facebook IPO - August 21, 2012
Bloomberg TV Interview on Todd Combs - January 10, 2012
PBS Nightly Business Report TV Interview on Warren Buffett - November 14, 2011
Maryland Public Television Interview on Berkshire Hathaway - April 21, 2011
Bloomberg TV Interview on Warren Buffett - April 1, 2011
Bloomberg TV Interview on Warren Buffett - April 29, 2010
Voice of America - The Federal Reserve Cuts Interest Rates - September 18, 2024
NPR Marketplace - Charlie Munger's Legacy - November 28, 2023
NPR Marketplace - JPMorgan Pauses Stock Buybacks" - July 14, 2022
WTOP Radio (Washington, DC) Interview on Inflation (at 7:10) - December 10, 2021
Busan, South Korea Radio Interview on General Electric Split-Up - November 18, 2021
Wharton Business Radio Interview on Issues at Kraft Heinz - March 6, 2019
NPR Marketplace- Discussed Equifax- September 8, 2017
Bloomberg Radio - Wells Fargo Fails "Living Will" Test - December 15, 2016
Wharton Business Radio Interview on the U.S. Election and the Stock Market - November 2, 2016
KCBS Radio Interview on Drug Prices - August 23, 2016
Bloomberg Radio - Berkshire Hathaway Annual Meeting Preview - April 29, 2016
National Public Radio (NPR - Marketplace) Interview on "Junk" Bonds - November 14, 2014
National Public Radio (NPR - Marketplace) Interview on Warren Buffett - October 2, 2014
National Public Radio (NPR - Marketplace) Interview on Warren Buffett - April 18, 2012
National Public Radio (NPR - Marketplace) Interview on Warren Buffett - February 27, 2012
National Public Radio (NPR - Marketplace) Interview on Warren Buffett - November 7, 2011
WYPR Radio Interview on Financial Reform - April 26, 2010
Barron's Letter to the Editor on Stock Market Valuation - September 27, 2024
CNBC - Ajit Jain Sells More Than Half of Berkshire Stake - September 12, 2024
Wall Street Journal - Berkshire Sells Some Bank of America Stock - July 22, 2024
Bloomberg - Buffett's Berkshire Reveals $6.7 Billion Stake in Insurer Chubb - May 15, 2024
CNBC - Berkshire's Big Mystery Stock Wager Could Be Revealed Soon - May 4, 2024
Barron's Letter to the Editor on Odd Lots and Berkshire's Stock Split - February 26, 2024
Barron's Letter to the Editor on Spinoffs - October 30, 2023
Barron's Letter to the Editor on the Impact of a Weak Dollar on Equity Prices - July 22, 2023
Wall Street Journal - Fed Rethinks Loophole That Masked Losses on SVB's Securities - April 21, 2023
Wall Street Journal - Where Musk's Twitter Gambit Stands, Nearly Five Months In - March 8, 2023
Barron's Letter to the Editor on Interest Rates and Equities - February 27, 2023
CNBC - Warren Buffett's Must Read Annual Letter - February 24, 2023
Wall Street Journal - Warren Buffett's Berkshire Hathaway Adds to Big Oil Bet - July 13, 2022
Wall Street Journal - Warren Buffett Spends Big as Stock Market Sells Off - May 16, 2022
Bloomberg - Buffett's Deal Drought Ends With $11.6 Billion Alleghany Buy - March 21, 2022
New York Times - McDonald's Ice Cream Woes - March 13, 2022
Barron's Letter to the Editor on Stock Buybacks at Graham Holdings - January 7, 2022
Bloomberg - GE's Breakup Spus Questions About Conglomerate Model's Future - November 9, 2021
Barron's Letter to the Editor on Interest Rates and Stock Market Valuation - July 26, 2021
Bloomberg - Warren Buffett Steps Away From Middleman Spot in Gates Divorce - June 23, 2021
Bloomberg - Buffett Says Greg Abel Is His Likely Successor at Berkshire - May 3, 2021
Financial Times - Kraft Heinz Bets on Old Brands to Win New Consumers - March 23, 2021
Barron's Letter to the Editor on Borrowing for Growth - January 29, 2021
Barron's Letter to the Editor on Taxing Capital Gains - October 16, 2020
Bloomberg - Buffett Inches Toward Wells Fargo Exit as Scharf Sets Course - October 16, 2020
Bloomberg - Berkshire Reduces Stakes in Banks and Buys Barrick Gold - August 14, 2020
Washington Post - Apple's 4-for-1 Stock Split - July 31, 2020
Washington Post - Investing in Fractional Shares - July 12, 2020
Bloomberg - Buffett's Berkshire Ends Deal Drought With Dominion Bet - July 5, 2020
Wall Street Journal Letter to the Editor on Federal Reserve Policy - July 1, 2020
Barron's Letter to the Editor on the Federal Reserve's Projections - June 19, 2020
Bloomberg - Warren Buffett Cuts His Crisis-Era Bet on Goldman - May 19, 2020
Bloomberg - Buffett's Virtual Meeting Turns Spotlight on Potential Successor - May 4, 2020
Bloomberg - Buffett and Occidental Petroleum - March 12, 2020
Barron's Letter to the Editor on Berkshire Hathaway - February 21, 2020
Bloomberg - Buffett Outbid by Private Equity in Berkshire's Big Deal Hunt - November 29, 2019
Bloomberg - Berkshire Takes on Short Sellers With Bet on Furniture Retailer - November 23, 2019
Washington Post - How to Survive in Volatile Markets - August 11, 2019
Wall Street Journal Letter to the Editor on the Gold Standard - July 18, 2019
Barron's Letter to the Editor on the Federal Reserve and Monetary Policy -April 19, 2019
New York Times - Kraft Tests How Much Costs Can Be Cut as Tastes Change - February 23, 2019
Bloomberg - Warren Buffett's Big Consumer Bets Bite Back - February 22, 2019
Washington Post - The Outlook For Tech Stocks - December 27, 2018
Washington Post - The Corporate Tax Cut and Stock Buybacks - December 16, 2018
Washington Post - Microsoft Replaces Apple as Most valuable Company - December 2, 2018
Washington Post - GE's Penny Dividend and 'Widow and Orphan' Stocks - November 4, 2018
Wall Street Journal - Berkshire Hathaway Invests in Fintech - October 30, 2018
Washington Post - What Would it Take to Fix GE? - October 7, 2018
Washington Post - Experts Say Stocks Won't Crash Over Impeachment -
September 6, 2018
Washington Post - Apple is The First Trillion Dollar Company in History -
August 2, 2018
Bloomberg News - "Berkshire Loans $2 Billion to Real Estate Firm Backed by Buffett" - July 31, 2018
Barron's Letter to the Editor on Berkshire Hathaway - June 23, 2018
Washington Post - 10-Year Treasury Note Approaches 3 Percent - April 24, 2018
Wall Street Journal - Warren Buffett is Giant Trader of U.S. Treasury Bills - February 23, 2018
Washington Post - Dow Jones Industrials Drop 1,000 Points - February 9, 2018
Washington Post - Jain and Abel Promoted at Berkshire Hathaway - January 18, 2018
Washington Post - Uber To Sell Auto-Lease Business - December 26, 2017
Washington Post - Uber Hires General Counsel - October 27, 2017
Washington Post - P&G Proxy Fight - October 10, 2017
Washington Post - Puerto Rico Bonds - October 10, 2017
Washington Post - Equifax CEO Resigns - September 26, 2017
Washington Post - Federal Reserve and Monetary Policy - September 19, 2017
Washington Post - Amazon Seeks Second Headquarters - September 7, 2017
CNBC - "Warren Buffett's Most Important Birthday Present" - August 30, 2017
Washington Post - Uber's New CEO Dara Khosrowshahi - August 28, 2017
Wall Street Journal - "Return On Warren Buffett's Attempt to Buy Oncor:
Zero" - August 25, 2017
USA TODAY - Jeff Immelt as Uber CEO - August 24, 2017
Washington Post - Can Jeff Immelt Turn Uber Around - August 21, 2017
Washington Post - Amazon Uses Debt To Buy Whole Foods - August 17, 2017
Washington Post - The Stock Market and North Korea - August 11, 2017
Washington Post - GE's CEO Jeff Immelt Steps Down - June 12, 2017
Washington Post - Most and Least Respected Companies - June 5, 2017
Chicago Tribune - "Working at Kraft Heinz" - May 25, 2017
Bloomberg News - "Berkshire Cuts 21st Century Stake, Adjusts Airline Bets" - May 15, 2017
Washington Post - (U.S. Firms Hoard Cash) - May 2, 2017
Wall Street Journal - "3G, Berkshire Follow Familiar Playbook" - February 18, 2017
Washington Post - (Should Portfolios be Rebalanced?) - January 11, 2017
Washington Post - (Outlook for Stocks in 2017) - December 28, 2016
Wall Street Journal - "Dow Chemical to Redeem Preferred Stock Held by Buffett" - December 16, 2016
Bloomberg News - "Berkshire Bets on Airlines With Stakes in American, Delta" - November 14, 2016
CNBC -"A Birthday Message from Warren Buffett on Being Lucky" - August 30, 2016
Bloomberg News - "Berkshire Built Apple Stake as Stock Slipped in Second Quarter" - August 15, 2016
Washington Post - (Discussed Brexit and the Stock Market) - July 5, 2016
Washington Post - (Discussed Carlyle Group) - June 5, 2016
Wall Street Journal – ‘Warren Buffett’s Heirs Bet on Apple'- May 16, 2016
Washington Post - (Discussed Berkshire's Investment in Apple) - May 16, 2016
Bloomberg News - 'Morgan Stanley's Gorman Extends Tenure as Kelleher Moves Up' - January 6, 2016
Washington Post - (Discussed Carlyle Group) - January 3, 2016
Bloomberg News – 'Warren Buffett's Berkshire Reduces Stake in Goldman Sachs by 13%' – Nov. 16, 2015
Bloomberg News –‘Cryan Putting Stamp on Deutsche Bank’ – Oct. 18, 2015
Bloomberg News – ‘Deutsche Bank Eyes Zero Dividend as Cryan Prepares Overhaul' - Oct. 7, 2015
Bloomberg News – ‘Berkshire Profit Falls, Missing Estimates on Insurance Slump' - Aug. 7, 2015
Wall Street Journal (Berkshire After Buffett) - May 1, 2015
Wall Street Journal (Annotating Buffett's Annual Letter) - March 1, 2015
Wall Street Journal (Berkshire's Labor Problems at NetJets) - January 6, 2015
Wall Street Journal (Buffett Buys Auto Dealerships) - October 3, 2014 | Article 2
Wall Street Journal (Berkshire's Retail Investments) - July 17, 2014
Bloomberg (Businessweek) Interviews 2009-2015
Wall Street Journal (Berkshire's Goldman Sachs Warrants) - March 27, 2013 | Article 23
University of Maryland Diamondback (Mitt Romney) - September 7, 2012
Wall Street Journal (Warren Buffett) - August 21, 2012
Wall Street Journal (Berkshire Hathaway Shareholders Reaction) - February 25, 2012
American Banker (Interview on Berkshire Hathaway and Community Banks) - June 12, 2012
American Banker (Interview on Bank of America Warrants) - February 27, 2012
"Berkshire Hathaway's Acquisition of Precision Castparts", Journal of Financial Education, Volume 45, No. 2, (forthcoming) Winter 2019, pp. 335-366 (with Susan White and Ryan Guttridge)
10 Stocks For 2024 (December 18, 2023)
Berkshire Hathaway is Undervalued by 6% (August 8, 2023)
2023 Berkshire Hathaway Annual Meeting: Summary of the 48 Questions and Answers (July 9, 2023)
10 Stocks for 2023 (December 23, 2022)
14 Stocks For Midyear 2022 (June 21, 2022)
12 Stocks For 2022 (December 22, 2021)
Berkshire Hathaway Is Undervalued By 17% (August 16, 2021)
16 Stocks for 2021 (December 15, 2020)
SPACs - Why Investors Should Be Cautious (October 23, 2020)
Berkshire Hathaway is Undervalued by 20% (August 23, 2020)
10 Stocks For Midyear 2020 (July 22, 2020)
Why is Warren Buffett More Concerned About Pandemics Than Wars or Financial Crises? (May 11, 2020)
Berkshire Hathaway at All-Time High with $128 Billion in Cash (December 18, 2019)
10 Stocks for 2020 (December 17, 2019)
Top Stocks for Midyear 2019 (June 19, 2019)
The Risks and Rewards of Investing in IPO's (April 6, 2019)
Why U.S. Equities Are Likely To Continue Rising To New Highs (June 11, 2018)
Top 5 Stocks for 2018 (January 4, 2018)
Why The Dow Jones Industrial Average Is Not Overvalued At 22,000 (August 3. 2017)
Major Changes To Berkshire Hathaway's Portfolio During First Quarter Of 2016 (June 1, 2016)
Berkshire Hathaway is Undervalued on a Price/Book Value Basis (Updated) (September 7, 2015)
The Stellar Kraft Heinz Board of Directors (July 13, 2015)
The Presidential Election 2012: The Economy And The Stock Market (September 4, 2012)
Why Warren Buffett Keeps Adding To His Wells Fargo Investment (July 3, 2012)
Bank of America Warrants Add Considerable Value to Berkshire Hathaway (January 12, 2012)
The Presidential Cycle Should Result In Higher Stock Prices By Year End 2011 (October 18, 2011)
How GEICO Is Delivering Shareholder Value To Berkshire Hathaway (October 7, 2011)
A Look At How Berkshire Hathaway's Todd Combs Is Outperforming The S&P 500 (September 5, 2011)
Key Lessons From Warren Buffett's March 11, 2011 Meeting With MBA Students (March 20, 2011)
Berkshire Hathaway is Undervalued on a Price/Book Value Basis (February 27, 2011)
Berkshire's Washington Post Stake: A Testament to Both Stocks' Value (January 24, 2011)
Berkshire Hathaway Annual Meeting - May 4, 2024
Berkshire Hathaway Annual Meeting - May 6, 2023
Berkshire Hathaway Annual Meeting - April 30, 2022
Berkshire Hathaway Annual Meeting - May 1, 2021
Berkshire Hathaway Annual Meeting - May 2, 2020
Berkshire Hathaway Annual Meeting - May 4, 2019
Berkshire Hathaway Annual Meeting - May 5, 2018
Berkshire Hathaway Annual Meeting - May 6, 2017
University of Maryland MBA/MS Student Meeting With Warren Buffett - November 18, 2016
Berkshire Hathaway Annual Meeting - April 30, 2016
Berkshire Hathaway Annual Meeting - May 2, 2015
Berkshire Hathaway Annual Meeting - May 3, 2014
University of Maryland MBA/MS Student Meeting with Warren Buffett - November 15, 2013
Berkshire Hathaway Annual Meeting - May 4, 2013
Berkshire Hathaway Annual Meeting - May 5, 2012
Berkshire Hathaway Annual Meeting - April 30, 2011
University of Maryland MBA Student Meeting with Warren Buffett - March 11, 2011
Berkshire Hathaway Annual Meeting - May 1, 2010
Berkshire Hathaway Annual Meeting - May 2, 2009
Berkshire Hathaway Annual Meeting - May 3, 2008
Berkshire Hathaway Annual Meeting - May 5 2007
Berkshire Hathaway Annual Meeting - May 6, 2006
Warren Buffett Meeting - University of Maryland - May 23, 2005