Warren Buffett's $5.4 BILLION warning to investors after he dumps popular stock - and Wall Street better pay attention
6 months, 2 weeks ago

Warren Buffett's $5.4 BILLION warning to investors after he dumps popular stock - and Wall Street better pay attention

Daily Mail  

Warren Buffett's Berkshire Hathaway has sold another massive stake in Bank of America - raising red flags in an ominous sign for Wall Street investors. Warren Buffett's Berkshire Hathaway has sold another large stake in Bank of America bringing the total sales since mid-July to nearly $5.4 billion Buffett's huge cashing in of Bank of America stock could be a sign of uncertainty on Wall Street Brian Moynihan, the bank's CEO, has managed to entice investors by rewarding investors with dividends and share buybacks. Buffett, one of the world's most revered investors, started investing in the bank in 2011, when Berkshire bought $5 billion of preferred stock. Berkshire's stake in BofA fell by around 150 million shares in what some analysts are seeing as clear warning signs to Wall Street that tougher times may lie ahead.

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History of this topic

Global markets today: Is Warren Buffett’s $325 billion cash hoard a warning for Wall Street investors?
1 day, 6 hours ago

Global markets today: Is Warren Buffett’s $325 billion cash hoard a warning for Wall Street investors?

Live Mint  

Bloomberg Opinion: Berkshire Hathaway Inc. reported its stock holdings last week — a widely anticipated quarterly update of Warren Buffett’s latest trades. But those moves have been overshadowed by Berkshire’s $325 billion cash hoard, nearly double the company’s cash balance at year end, and the most Buffett has ever amassed. It also comes at a time when Buffett’s favorite valuation …

Berkshire is sitting pretty with over $300 billion of cash. Will Buffett invest a chunk of it?
2 weeks, 3 days ago

Berkshire is sitting pretty with over $300 billion of cash. Will Buffett invest a chunk of it?

Live Mint  

No major company is better positioned than Berkshire Hathaway in the wake of the stock market rout. Berkshire was sitting on about $318 billion of cash and equivalents at year-end 2024, nearly double the total at the end of 2023. Buffett sold two-thirds of Berkshire’s Apple stake—some 600 million shares—during 2024 at what Barron’s estimates was an average price of …

Why Warren Buffet hasn’t spent the $334,000,000,000 sitting in Berkshire Hathaway’s reserves on new shares
1 month ago

Why Warren Buffet hasn’t spent the $334,000,000,000 sitting in Berkshire Hathaway’s reserves on new shares

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s not without reason either - his Berkshire Hathaway …

Mint Quick Edit | Is Warren Buffett’s investment inactivity justified?
1 month ago

Mint Quick Edit | Is Warren Buffett’s investment inactivity justified?

Live Mint  

Globally, value investors led by billionaire Warren Buffett have had a hard time these past few years, given their commitment not to buy overpriced shares. Buffett’s Berkshire Hathaway ended 2024 sitting atop a $334-billion pile of cash and its equivalents. McKinsey Global Institute recently identified 18 hot arenas of rivalry expected to thrive over the next 15 years: e-commerce, cloud …

Warren Buffett offers lessons on investing in his annual Berkshire Hathaway letter
1 month ago

Warren Buffett offers lessons on investing in his annual Berkshire Hathaway letter

Associated Press  

— Billionaire Warren Buffett is viewed as one of the world’s greatest investors, so his annual letters to Berkshire Hathaway shareholders are always read closely for lessons. And never forget that we need you to maintain a stable currency and that result requires both wisdom and vigilance on your part.” ___ On the future of Berkshire’s well-read annual report: “At …

Warren Buffett advises Donald Trump to ‘spend wisely’ in Berkshire Hathaway’s annual letter to shareholders: 10 Points
1 month ago

Warren Buffett advises Donald Trump to ‘spend wisely’ in Berkshire Hathaway’s annual letter to shareholders: 10 Points

Live Mint  

Billionaire investor Warren Buffett, while celebrating another success of his multinational conglomerate Berkshire Hathaway, offered some advice to US President Donald Trump in his annual letter to shareholders on Saturday, February 22. Buffett sent a cautionary message to the US government in his letter to Berkshire Hathaway shareholders, urging the country to ‘spend wisely’, maintain a stable currency and care …

Warren Buffett’s cash pile hits $334 billion in 2024; ‘Berkshire Hathaway paid more taxes than tech titans in trillions’
1 month ago

Warren Buffett’s cash pile hits $334 billion in 2024; ‘Berkshire Hathaway paid more taxes than tech titans in trillions’

Live Mint  

American multinational conglomerate Berkshire Hathaway's chief executive officer, Warren Buffett, disclosed in his annual report that the firm's cash pile for the year ended 2024 was at $334.2 billion, a rise in cash reserve for the 10th consecutive quarter. While our ownership in marketable equities moved downward last year from $354 billion to $272 billion, the value of our non-quoted …

'Spend wisely & ensure a stable economy': Warren Buffett's message to US government
1 month ago

'Spend wisely & ensure a stable economy': Warren Buffett's message to US government

India Today  

OMAHA: In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway’s companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate while offering some advice to President Donald Trump. Buffett cited the fact that Berkshire paid zero income tax …

Why is Warren Buffett hoarding so much cash?
1 month, 1 week ago

Why is Warren Buffett hoarding so much cash?

Live Mint  

The mountain of cash and Treasury bills at the famed investor’s company, Berkshire Hathaway, rose above $300 billion in the third quarter—easily a record and its highest as a percentage of company assets in data going back to 1998, according to Dow Jones Market Data. Close observers of Berkshire think about the rise in cash this way: Within the company’s …

Warren Buffett's stock market gauge hits record high... signaling bigger risks than dot-com bubble
2 months ago

Warren Buffett's stock market gauge hits record high... signaling bigger risks than dot-com bubble

Daily Mail  

A stock market metric named after legendary investor Warren Buffett is flashing a warning sign. A stock market metric named after legendary investor Warren Buffett is flashing a warning sign Latest figures show GDP, which is a measure of all the goods and services produced in the US, grew 3.1 percent in the three months between July and September. Many …

Warren Buffett makes screeching U-turn on risky investment he once called 'rat poison'
2 months ago

Warren Buffett makes screeching U-turn on risky investment he once called 'rat poison'

Daily Mail  

Warren Buffett has long been a vocal critic of cryptocurrency, famously calling it 'rat poison,' a 'gambling token,' and predicting it will come to a 'bad ending.' That company's share price soared 27 percent last year - meaning Buffett's Berkshire Hathaway is making a substantial profit. Nu Holdings made substantial gains in 2024, making a profit for Berkshire Hathaway The …

Billionaire investor says Americans face 'rude awakening' if they follow Warren Buffett's advice
2 months, 2 weeks ago

Billionaire investor says Americans face 'rude awakening' if they follow Warren Buffett's advice

Daily Mail  

A billionaire investor has claimed Americans are in for a 'rude awakening' if they follow one of Warren Buffett's most popular pieces of advice. Buffett, one of the world's most successful and well-respected investors, has long recommended that retail investors buy a low-fee S&P 500 tracker fund. Celebrity investor Chamath Palihapitiya has cautioned against Warren Buffett's advice If the tech …

‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett
2 months, 3 weeks ago

‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett

Hindustan Times  

Billionaire investor Warren Buffett preaches that the best option for most people is to invest in a low-fee S&P 500 index fund and hold it long-term, but Chamath Palihapitiya, a Sri Lankan-born Canadian venture capitalist, disagrees. Buffett is giving away another $5.3 billion worth of Berkshire Hathaway stock to five foundations in accordance with his longtime giving plan Palihapitiya, who …

Warren Buffett wants you to read five books in 2025 to make yourself as rich as him
2 months, 3 weeks ago

Warren Buffett wants you to read five books in 2025 to make yourself as rich as him

Daily Mail  

Investing legend Warren Buffett has long extolled the benefits of lifelong learning, and in particular being well-read. Security Analysis by Benjamin Graham and David L. Dodd Buffett, chairman and CEO of Berkshire Hathaway, first read Security Analysis when he was a student at Columbia University. Buffett publicly recommended the book at the 2020 Berkshire Hathaway annual meeting as the Covid-19 …

Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year
2 months, 3 weeks ago

Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year

Daily Mail  

Warren Buffett has bought stakes in three companies, after hoarding cash for most of 2024. But recently, Berkshire and Buffett scooped up $563 million of stock in Occidental Petroleum, Sirius XM and VeriSign, according to The Motley Fool. The company purchased roughly $405 million-worth of stock in domestic oil company Occidental Petroleum, around $113 million in broadcasting corporation Sirius XM, …

Warren Buffett’s $150 billion question: The posthumous wealth plan of the Oracle of Omaha
4 months ago

Warren Buffett’s $150 billion question: The posthumous wealth plan of the Oracle of Omaha

Firstpost  

Warren Buffett, the 94-year-old billionaire investor, has unveiled his most detailed plan yet for distributing his $150 billion fortune after his death. In a candid letter, Buffett revealed that his three children will have a decade to allocate his wealth, with successor trustees named in case they cannot fulfill the task Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks …

Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
4 months ago

Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death

Associated Press  

— Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family’s foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death. He acknowledged giving Howard, Peter and Susie millions over the years, but he …

Does Warren Buffett know something that we don’t?
4 months, 2 weeks ago

Does Warren Buffett know something that we don’t?

Live Mint  

Warren Buffett, who has quipped that his favorite holding period for a stock is “forever," continues to have substantial money at work in American companies. View Full Image Graphic: WSJ Buffett and his late business partner Charlie Munger didn’t outperform the stock market 140-fold by being market-timers. “He’s cognizant of the fact that markets gyrate and go to extremes," says …

Billionaires Buffett, Huang & Bezos, who remained tight-lipped about election, see their wealth balloon after Trump win
4 months, 2 weeks ago

Billionaires Buffett, Huang & Bezos, who remained tight-lipped about election, see their wealth balloon after Trump win

Hindustan Times  

While Donald Trump enjoyed the support of the richest person in the world, Elon Musk, there were several billionaires who remained silent during the 2024 US presidential race. Berkshire Hathaway Chairman and CEO Warren Buffett While many well-known figures publicly supported either Vice President Kamala Harris or Trump, a sizable section of the population, including Larry Page, a co-founder of …

Warren Buffett finally reveals his endorsement decision in 2024 election
4 months, 4 weeks ago

Warren Buffett finally reveals his endorsement decision in 2024 election

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The billionaire Warren Buffet has finally revealed his endorsement decision …

Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap
6 months, 4 weeks ago

Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap

Hindustan Times  

Berkshire Hathaway Inc., the conglomerate led by American Businessman Warren Buffett, has made history by becoming the first U.S. non-tech company to surpass the USD 1 trillion mark in market capitalisation. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. The stock price …

Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares
6 months, 3 weeks ago

Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares

Daily Mail  

Warren Buffett's Berkshire Hathaway has become the first non-tech company to reach a $1 trillion valuation. Warren Buffett's Berkshire Hathaway has reached a market capitalization of $1 trillion 'This is significant at a time when Berkshire represents one of the few remaining conglomerates in existence today.' Berkshire Hathaway is a sprawling business empire with a $285 billion stock portfolio that …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake
7 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake

LA Times  

Michelle King of San Francisco does yoga in the See’s Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on May 4, 2024, in Omaha. Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter
7 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter

Associated Press  

— Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because there had been little positive financial news lately. Just two years ago Buffett called the stock one of the four giants of his conglomerate’s business alongside Berkshire insurance, …

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day
7 months, 3 weeks ago

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day

Hindustan Times  

Warren Buffett sold shares of Bank of America Corp. for the 12th straight day, trimming his conglomerate’s massive stake in the lender by a total of 8.8% — or $3.8 billion — since mid-July. In the latest disposals, his Berkshire Hathaway Inc. reaped $779 million selling stock on July 30 through Aug. 1, according to a regulatory filing late Thursday. …

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America
8 months, 1 week ago

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America

Hindustan Times  

Warren Buffett’s Berkshire Hathaway sold about 34 million shares of Bank of America Corp. for $1.48 billion, as per a public filing. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha. Warren Buffett invested $5 billion in the bank in 2011 in exchange for preferred stock and …

Warren Buffett just lost $4.5 billion because of this stock market decision
9 months, 2 weeks ago

Warren Buffett just lost $4.5 billion because of this stock market decision

Hindustan Times  

Warren Buffett- Berkshire Hathaway Chairman- has taken bets in the markets that have earned billions of dollars in the last eight decades giving him the name ‘Oracle of Omaha’. Since 2016, Warren Buffett’s investment firm Berkshire Hathaway has accumulated millions of Apple shares which reportedly account for nearly 50% of his overall stock portfolio. But this year, Warren Buffett sold …

Billionaire Warren Buffett finally reveals mystery stock he’s been buying up
10 months, 1 week ago

Billionaire Warren Buffett finally reveals mystery stock he’s been buying up

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Warren Buffett's secret stock …

Warren Buffett’s Berkshire reveals its mystery stock: Chubb
10 months, 1 week ago

Warren Buffett’s Berkshire reveals its mystery stock: Chubb

Live Mint  

Berkshire’s stake in the insurer was worth $6.7 billion at the end of March, according to a regulatory filing made public after the market closed Wednesday. Wednesday’s filing comes less than two weeks after Berkshire’s annual meeting in Omaha, where Buffett praised Apple despite the news that Berkshire had sold about 13% of its stake. Buffett said the iPhone maker …

Berkshire Hathaway event gives good view of Warren Buffett’s successor but also raises new questions
10 months, 3 weeks ago

Berkshire Hathaway event gives good view of Warren Buffett’s successor but also raises new questions

Associated Press  

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company’s investments after he takes over, raising new questions about the succession plan. Buffett, …

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions
10 months, 3 weeks ago

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy This year's Berkshire Hathaway meeting …

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
10 months, 3 weeks ago

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple

Associated Press  

— Berkshire Hathaway’s first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. On a per share basis, this year’s first quarter operating figure amounts to $7,796.47 per Class A share, beating three analysts’ estimates by FactSet Research, who predicted $6,701.87 per Class …

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
10 months, 3 weeks ago

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Berkshire Hathaway's first quarter profits …

A collection of the insights Warren Buffett offered in his annual letter Saturday
1 year, 1 month ago

A collection of the insights Warren Buffett offered in his annual letter Saturday

Associated Press  

Billionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing. The casino now resides in many homes and daily tempts the occupants.” ___ On Berkshire’s prospects, for shareholders like his sister, Bertie: “Berkshire should do …

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
1 year, 1 month ago

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
1 year, 1 month ago

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes

Associated Press  

— Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisers who urge them to trade often. That would be like finding gold and …

6 investing tips from Warren Buffett to start the New Year on a positive note
1 year, 2 months ago

6 investing tips from Warren Buffett to start the New Year on a positive note

Live Mint  

As the New Year has kicked off on a positive note with market indices touching all time highs, most investors are curious to explore investing opportunities from their closed ones and acquaintances, while some try to make sense of the volatility of what Benjamin Graham referred to as ‘Mr market’. But of course, if they told everybody what a simple …

Buffett’s firm sells off several smaller investments, including GM and UPS
1 year, 4 months ago

Buffett’s firm sells off several smaller investments, including GM and UPS

Associated Press  

— Warren Buffett’s company unloaded a number of the smaller investments from its portfolio in the third quarter including General Motors, Mondelez and Johnson & Johnson. Many investors like to follow the changes in Berkshire’s portfolio because they want to see Buffett’s latest investment decisions, although some of the smaller changes made each quarter are likely the work of one …

Warren Buffett’s Berkshire Hathaway sheds investments in GM, J&J and P&G
1 year, 4 months ago

Warren Buffett’s Berkshire Hathaway sheds investments in GM, J&J and P&G

Live Mint  

Warren Buffett’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson, while the stock market’s rally sputtered in the third quarter. While Berkshire’s holdings may have changed in the first half of the fourth quarter, the 13F report provides a window into how Buffett and his investing deputies viewed the …

8 money lessons to learn from Warren Buffett’s letters to shareholders
1 year, 4 months ago

8 money lessons to learn from Warren Buffett’s letters to shareholders

Live Mint  

Before taking a big financial bet, one should first learn the basics. One of the most famous investing legends in contemporary times is Warren Buffett who often shares his wisdom in the famous annual letters to shareholders of Berkshire Hathaway. Surplus of liquid assets such as cash: He underscored the fact that Berkshire holds a boatload of cash and treasury …

Warren Buffett’s company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys
1 year, 5 months ago

Warren Buffett’s company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys

Associated Press  

— Investor Warren Buffett joined the recent oil-buying spree in the market this week by resuming Berkshire Hathaway’s purchases of Occidental Petroleum stock for the first time in four months. Buffett’s company said in a Securities and Exchange Commission filing late Wednesday that it invested more than $246 million to add to its already massive Occidental stake over the first …

Warren Buffett’s firm invests in the biggest homebuilders while reducing GM stake in portfolio moves
1 year, 7 months ago

Warren Buffett’s firm invests in the biggest homebuilders while reducing GM stake in portfolio moves

Associated Press  

— Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows …

Berkshire Hathaway shares hit record as operating profit crosses $10 billion
1 year, 7 months ago

Berkshire Hathaway shares hit record as operating profit crosses $10 billion

Live Mint  

Billionaire investor Warren Buffett-led Berkshire Hathaway share price hit a record on Monday after the company’s quarterly operating profit rose above $10 billion for the first time. Berkshire Hathaway share price rallied 3.41% or $18,320 to $551,920, lifting the market value of the conglomerate to about $799 billion. In 2023 so far, Berkshire Hathaway shares have rallied 18%. Berkshire Hathaway …

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well
1 year, 7 months ago

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well

Associated Press  

— Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and many of Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire’s revenue jumped to $92.5 billion from last year’s $76.2 billion thanks largely to …

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer
1 year, 8 months ago

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer

Associated Press  

— Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million. But last year, Buffett did get permission from federal regulators to buy up …

Warren Buffett’s company recommits to Bank of America stock while dumping other banks
1 year, 10 months ago

Warren Buffett’s company recommits to Bank of America stock while dumping other banks

Associated Press  

— Investor Warren Buffett recommitted to his favorite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway’s stock portfolio. Berkshire picked up another 17.4 million shares during the quarter, as it previously reported, to take control of nearly 24% of the oil producer’s stock or …

Warren Buffett’s company keeps selling carmaker BYD’s stock
1 year, 10 months ago

Warren Buffett’s company keeps selling carmaker BYD’s stock

Associated Press  

— Warren Buffett’s company continues selling off its stake in Chinese electric car manufacturer BYD and now holds less than 10% of the company’s stock. Berkshire Hathaway revealed the latest sale of 1.96 million BYD shares worth about $58.9 million Monday in a filing with the Hong Kong stock exchange. Since Berkshire first bought its BYD shares in 2008 for …

Buffett shares good news on profits, AI thoughts at meeting
1 year, 10 months ago

Buffett shares good news on profits, AI thoughts at meeting

Associated Press  

— Billionaire Warren Buffett said artificial intelligence may change the world but new technology won’t take away opportunities for investors and he’s confident America will continue to prosper despite its bitter political divisions. — Buffett said Apple — Berkshire’s biggest stock holding — is a wonderful business because of how devoted consumers are to their iPhones. “But I do understand …

Executives must be held accountable for failed banks: Warren Buffett
1 year, 10 months ago

Executives must be held accountable for failed banks: Warren Buffett

Hindustan Times  

Berkshire Hathaway Inc.’s Warren Buffett said executives in charge of failed banks should be held accountable for mistakes that in some cases were hiding in “plain sight.” Warren Buffett, CEO of Berkshire Hathaway Inc. Buffett also called out regulation overseeing the banking sector as riddled with skewed incentives, as well as poor messaging by regulators, politicians and the press to …

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