BERKSHIRE HATHAWAY NEWS
NYSE glitch sparks volatility in dozens of stocks
At least 60 stocks listed on the NYSE were halted due to volatility and some stocks showed unusual outsized movements.
US stocks lose steam after Dow hits milestone 40,000 mark
The blue-chip index has recovered from its October 2022 lows, powered by resilient U.S. economic growth despite steep rate hikes by the Fed.
Berkshire cash hoard scores another record as earnings gain
Berkshire Hathaway Inc., led by Warren Buffett, faces a cash surplus but struggles to find lucrative deals. Operating earnings rose, driven by insurance businesses. Amidst rising interest rates, the company engages in stock buybacks and eyes strategic investments.
Jai and Veeru of Wall Street: Why Charlie Munger wasn’t a sidekick to Warren Buffett
The 64-year-old partnership between Buffett and Munger shows many unusual traits - the two titans never had an argument and would sometimes make decisions without consulting each other. The mutual trust and respect never faded between the 'Jai and Veeru' of Wall Street.
'Despite hardships, Charlie had a sharp sense of humour & an even sharper moral compass.' Bill Gates mourns death of 'extraordinary friend' & Berkshire VC Charlie Munger
The Microsoft founder mourned the death of Munger who was also the longtime business partner of Warren Buffett.
Paytm a must-have in a portfolio and use Berkshire exit as a buying opportunity: Sanjiv Bhasin
“DLF and Godrej have been two of our portfolio picks, since they were at almost half the levels from where they are now. We were also very bullish on property given that asset monetisation or asset creation of wealth because of the twin rally in gold and stocks will see hard assets do well.”
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Warren Buffett’s Berkshire Hathaway sells entire stake in Paytm via bulk deal
Berkshire Hathaway's unit BH International Holdings sold about 1.56 crore shares in the digital payments company. As of September end, BH International Holdings held a 2.46% stake in Paytm.
Warren Buffett faults handling of bank failures, upbeat on U.S., Berkshire
Speaking at Berkshire's annual shareholder meeting, Buffett criticized how politicians, regulators and the press have handled the recent failures of Silicon Valley Bank, Signature Bank and First Republic Bank, saying their "very poor" messaging has unnecessarily frightened depositors.
Apple is Berkshire portfolio's best business: Warren Buffett
Berkshire revealed a $1-billion stake in Apple in May 2016, and by March 2023 had boosted that stake to $151 billion, accounting for 46% of its $328-billion equity portfolio.
Warren Buffett will beat the market in recession times, say investors
Investors believe that Berkshire Hathaway's shares carry a premium, with respondents voting that the company will outperform the S&P 500 over the next five years, according to Bloomberg's MLIV Pulse survey. The result is despite fears of a US recession, for which almost 352 respondents assigned a 65% chance of happening. The group is keeping faith in Warren Buffet's investment ability, given his tendency to invest in value-driven defensive stocks — as opposed to riskier tech stocks — and his recently expressed interest in Japanese stocks
Looking for investment mantras? Here are Warren Buffett’s 5 pearls of wisdom
Berkshire will always hold a boatload of cash and US Treasury bills, and will avoid such investment decisions that could result in any uncomfortable cash levels at inconvenient times, including financial panics and unprecedented insurance losses, Buffett said.
Buffett's Berkshire Hathaway posts quarterly loss as stock holdings fall
The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier.
Warren Buffett's Berkshire buys Citigroup and several other stocks, slashes Verizon
Berkshire also finally exited Wells Fargo & Co, a 33-year-old investment that Buffett soured on after finding it too slow to address revelations that employees had mistreated customers, including by opening unwanted accounts.
Berkshire shareholders overwhelmingly vote to keep Warren Buffett chairman
Some shareholders opposed Buffett's reelection as chairman, saying it was better if different people served as chairman and chief executive. Berkshire said it wanted the 91-year-old Buffett to keep both roles.
Bill Murray addresses 'inappropriate behaviour' complaint, says he thought he was being funny but 'it wasn't taken that way'
'Being Mortal', based on Atul Gawande's non-fiction book.
Big investments, Bitcoin and inflation: 5 takeaways from Berkshire Hathaway's annual meeting
Charlie Munger, who is 98, said the stock market has become “almost a mania of speculation.” He alluded to the fact that more people are trading today than ever. Even computers are trading against other computers, he emphasized.
Warren Buffett reveals big investments, rails against Wall St excess at Berkshire meeting
Buffett said Berkshire, long faulted for holding too much cash, boosted its combined stakes in oil company Chevron Corp and "Call of Duty" game maker Activision Blizzard Inc nearly six-fold to more than $31 billion.
Warren Buffett's Berkshire all-day meeting to kick off in Omaha
Buffett, 91, chairman and chief executive officer of Berkshire, and Vice Chairman Charlie Munger, 98, will answer shareholder questions for roughly five hours when the meeting convenes in Omaha, Nebraska.
Berkshire Hathaway director Olson says Abel has the board's total confidence
Last May, Buffett, 91, said Abel was the board's choice to replace him as CEO when necessary. "The directors are in agreement that if something were to happen to me tonight, it would be Greg who'd take over tomorrow morning," Buffett said a year ago.
Buffett to auction off one last private lunch for charity
Buffett, Berkshire Hathaway's CEO, held the lunch auction once a year for 20 years before the pandemic began to raise money for the Glide Foundation, which helps the homeless in San Francisco. The auction has been on hiatus for the past two years, but Glide said Monday - a few days before thousands of shareholders are expected to gather at this week's Berkshire annual meeting - that the event will be revived this year.
CalPERS to vote to replace Warren Buffett as Berkshire chairman
CalPERS said it invests more than $450 billion, including more than $2.3 billion in Berkshire shares.
Warren Buffett needed two weeks for $11.6 bn Alleghany purchase, balked at Goldman fee
Buffett, 91, has long objected to the costs of doing business on Wall Street. He rarely uses investment banks at Berkshire, relying on 98-year-old Vice Chairman Charlie Munger for help in major capital decisions.
Warren Buffett is described by Peter Thiel as a "sociopathic grandfather from Omaha" and bitcoin's "enemy No. 1."
Warren Buffett is at the peak of an "enemies list" of those seeking to derail bitcoin, according to billionaire venture capitalist Peter Thiel, who spoke at a bitcoin meeting on Thursday.
Warren Buffett's Berkshire Hathaway takes stake worth $4.2 billion in HP
HP shares rose about 7.6% in after-hours trading following the disclosure.
Warren Buffett ends 6-year drought of large acquisitions
"Berkshire will be the perfect permanent home for Alleghany, a company that I have closely observed for 60 years," Buffett, who has run Berkshire since 1965, said in a statement.
Warren Buffett's Berkshire Hathaway stock hits $500,000-mark for first time
Berkshire Hathaway's market value is approximately $731 billion, ranking sixth in the United States, and Warren Buffett's 16.2% stake makes him the world's fifth-richest person at $119.2 billion, according to Forbes magazine.
What Warren Buffett said on $144 bn cash and his 1986 'good luck' Ajit Jain
Warren Buffett said he, along with Charlie Munger, have pledged that Berkshire and its subsidiaries will always hold more than $30 billion of cash and equivalents.
Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders
Buffett called Apple the second-most important business after Berkshire’s cluster of insurers.
Buffett's Berkshire posts record annual profit, extends but slows buybacks
Berkshire also signaled renewed confidence in its own stock, repurchasing $6.9 billion in the quarter, and boosting total buybacks in 2021 to a record $27 billion.
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