OMAHA, Nebraska—Warren Buffett’s Berkshire Hathaway Inc. posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc., while higher investment income and a rebound at car insurer Geico bolstered operating results. Berkshire also sped up repurchases of its own stock, buying back $4.4 billion, while paring its investments in other…
Buffett Says People Shouldn’t Worry About Berkshire, Banks
OMAHA, Neb.—Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he’s no longer around to lead the conglomerate. Buffett said that after Vice Chairman Greg Abel takes over, Berkshire will still follow the same model of allowing its subsidiaries to largely run themselves while looking for other companies to buy with…
Buffett On Buybacks
March 4, 2023
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Commentary Warren Buffett defended stock buybacks in Berkshire Hathaway Inc.’s 2022 Annual Report (pdf), pushing back on those railing against the practice he believes benefits all shareholders. “When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued…
Buffett’s Firm Reports $44 Billion Loss as Portfolio Value Falls
OMAHA, Neb.—Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted and he bought significantly fewer stocks, but Berkshire Hathaway’s many operating companies generally performed well. Berkshire said Saturday that a largely unrealized $53 billion decline in the value of its investments forced it to…
Berkshire Rejects Shareholder Call to Replace Warren Buffett as Chairman
Berkshire Hathaway Inc. on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce greenhouse gases, and improve diversity. The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328…
Berkshire Hathaway Says It Has Added 12,000 Jobs
Berkshire Hathaway Inc., run by billionaire Warren Buffett, said on Friday its workforce has grown by about 12,000, recovering some jobs it lost earlier in the COVID-19 pandemic. The Omaha, Nebraska-based insurance and investment company said its dozens of businesses now have about 372,000 employees, up from 360,174 at the end of 2020. Berkshire had…
Buffett’s Berkshire Hathaway’s Cash Pile Tops Record With $149.2 Billion, Sold Net $2 Billion of Stock in Third Quarter
According to Warren Buffett’s Berkshire Hathaway Inc.’s NYSE:BRK third-quarter earnings report, the company’s cash stockpile hit new heights at $149.2 billion, surpassing the previous record of $146.6 billion set in 2Q 2020. Buffett’s conglomerate, which holds stakes in Apple Inc. (AAPL), Coca-Cola Co. (KO), and other public companies, has spent $1.4 billion on stocks and sold $3.4…
Stock Gains Power Higher Berkshire Profit, Buffett Presses On With Stock Buybacks
Warren Buffett’s Berkshire Hathaway Inc on Saturday said stock market gains fueled a record quarterly profit, while the billionaire signaled investors are undervaluing his company by repurchasing another $9 billion of its stock. Berkshire’s fourth-quarter buybacks boosted the company’s overall stock repurchases to $24.7 billion in 2020, five times the record from a year earlier,…
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