Warren Buffett’s Berkshire Hathaway Inc. plans this year to let shareholders attend the company’s annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the United States. In a statement on Tuesday, the Omaha, Nebraska-based conglomerate said “we are planning for an in-person meeting” on April 30,…
Buffett Plans In-Person Berkshire Annual Meeting as Omicron Wave Crests
January 26, 2022
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Warren Buffett Makes More Than $120 Billion on Apple’s $3 Trillion Milestone: ‘It’s Probably the Best Business I Know in the World’
By Amanda Breen Billionaire investor Warren Buffett’s big bet on Apple has paid off in a major way, making more than $120 billion on paper as the tech giant reached a milestone $3 trillion market valuation this week, CNBC reports. Berkshire Hathaway started purchasing Apple stock in 2016, and by mid-2018, the conglomerate had amassed…
Warren Buffett Refuses to Intervene on Behalf of Striking Workers
Warren Buffett has responded (pdf) to an open letter from Sen. Bernie Sanders (I-Vt.) requesting the billionaire’s support for striking steelworkers in the Special Metals in Huntington, West Virginia—a subsidiary of Precision Castparts, which is owned by Buffett’s own Berkshire Hathaway. However, the business magnate’s response is unlikely to satisfy Sanders, as Buffett has offered…
Investing in the American Dream
December 17, 2021
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Alpha InvestorAmerican DreamAmerican EssenceCharles MizrahiInspiredLife & TraditionNew York Futures ExchangeNew York Stock ExchangeWarren Buffett
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Growing up, the only person Charles Mizrahi knew on Wall Street was an uncle who waited tables in the New York Stock Exchange dining room. “My father was a warehouse manager, and the block I lived on in Brooklyn was as working-class as you can get,” he said. “Three cab drivers on the block, security…
Berkshire’s Munger Calls Markets ‘Crazy,’ Harsh on Crypto Investors, Praises Musk: Interview
December 3, 2021
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The current markets are apparently “even crazier” than the dot-com era with overvalued prices and self-centered cryptocurrency investors, said Charlie Munger in a conference call on Friday. Berkshire Hathaway Vice Chairman Charlie Munger, 97, is a polymath and the trusted partner of one of the world’s biggest investors, Warren Buffett. Munger was addressing Australian investors…
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…
Buffett’s Berkshire Hathaway Boosts Operating Profit, Cash Hoard Sets Record
November 6, 2021
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Warren Buffett’s Berkshire Hathaway Inc. on Saturday reported improved operating results as it extended its rebound from the early stages of the pandemic, even as it cut back some stock holdings and boosted its cash hoard to a record. Berkshire also said it repurchased $7.6 billion of its own stock in the third quarter, reflecting…
Buffett’s Company Abandons $1.3 Billion Natural Gas Pipeline Deal
OMAHA, Neb.—Warren Buffett’s company is abandoning its purchase of a natural gas pipeline from Dominion Energy because of uncertainty about whether the deal could get regulatory approval. Berkshire Hathaway Inc. will receive a $1.3 billion refund on the proposed purchase of Questar Pipelines that was also supposed to include $430 million of Dominion’s debt when…
Billionaire Investor Charlie Munger Says US Should Learn From CCP’s Authoritarianism
July 5, 2021
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Berkshire HathawayBusinessBusiness & EconomyCCP Viruscharlie mungerChinaChinese RegimeeconomyInvestmentUSUS NewsUS-China relationsWarren Buffett
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U.S. billionaire investor Charlie Munger, vice chairman of Berkshire Hathaway, praised China’s communist regime for its silencing of Alibaba founder Jack Ma. “Communists did the right thing,” said Munger on what the Chinese regime did to Ma, in an interview with CNBC on June 29. Munger, a longtime business partner of Warren Buffett, said the Chinese…
US Should Learn From CCP’s Authoritarianism, Billionaire Investor Charlie Munger Says
July 5, 2021
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Berkshire HathawayBusinessBusiness & EconomyCCP Viruscharlie mungerChinaChinese RegimeeconomyInvestmentUSUS NewsUS-China relationsWarren Buffett
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U.S. billionaire investor Charlie Munger, vice chairman of Berkshire Hathaway, praised China’s communist regime for its silencing of Alibaba founder Jack Ma. “Communists did the right thing,” said Munger on what the Chinese regime did to Ma, in an interview with CNBC on June 29. Munger, a longtime business partner of Warren Buffett, said the Chinese…
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