Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
4 weeks 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 has long said he believes “hugely wealthy parents should leave their children enough so they can do anything but not enough that they can do nothing.” The secret to building up such massive wealth over time has been the power of compounding interest and the steady growth of the Berkshire conglomerate Buffett leads through acquisitions and smart investments like buying billions of dollars of Apple shares as iPhone sales continued to drive growth in that company. If Buffett and his first wife had never given away any of their Berkshire shares, the family’s fortune would be worth nearly $364 billion — easily making him the world’s richest man — but Buffett said he had no regrets about his giving over the years. The family’s giving began in earnest with the distribution of Susan Buffett’s $3 billion estate after her death in 2004, but really took off when Warren Buffett announced plans in 2006 to make annual gifts to the foundations run by his kids along with the one he and his wife started, as well as the Bill & Melinda Gates Foundation. Buffett always makes his main annual gifts to all five foundations every summer, but for several years now he has been giving additional Berkshire shares to his family’s foundations at Thanksgiving.

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History of this topic

Warren Buffett donates $1.1 billion, reveals wealth distribution plan after death
Trending News
3 weeks, 6 days ago

Warren Buffett donates $1.1 billion, reveals wealth distribution plan after death

India Today  

Warren Buffett, the billionaire investor and philanthropist who leads Berkshire Hathaway, has donated another $1.1 billion to several foundations. In his latest letter to Berkshire Hathaway shareholders, the 94-year-old provided a deeply personal reflection on life’s unpredictability and shared detailed plans for the distribution of his wealth after his passing. BUFFETT’S LATEST DONATIONS Buffett announced the conversion of 1,600 Class …

Warren Buffett reveals one thing ‘all parents’ should do before they die, irrespective of wealth
Trending News
3 weeks, 6 days ago

Warren Buffett reveals one thing ‘all parents’ should do before they die, irrespective of wealth

Hindustan Times  

Warren Buffett has shared an important piece of advice for “all parents,” irrespective of their wealth. While addressing one's own death can be a difficult topic of conversation, the “Oracle of Omaha” has stressed that children must know the logic behind their parents' decision before it's too late to ask “why.” Warren Buffett shares important advice for parents. Warren Buffett's …

Warren Buffett’s $150 billion question: The posthumous wealth plan of the Oracle of Omaha
4 weeks 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 donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune
4 weeks ago

Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune

Live Mint  

Billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathway stocks to four of his family's charities and foundations on November 25, according to an AP report. Succession Plan for Children The report noted that while Buffett has earlier said his three children would inherit his $147.4 billion fortune over a period of 10 years after his …

Does Warren Buffett know something that we don’t?
1 month, 1 week 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
1 month, 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’s son says it’s ‘not so easy’ to give away father’s $143bn fortune to charity
3 months ago

Warren Buffett’s son says it’s ‘not so easy’ to give away father’s $143bn fortune to charity

The Independent  

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Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake
4 months, 2 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
4 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
4 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
5 months 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 donates again to the Gates Foundation but will cut the charity off after his death
5 months, 3 weeks ago

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

Associated Press  

— Investor Warren Buffett announced another $5.3 billion in charitable gifts Friday, but in a major shift of his longtime giving plan he said he plans to cut off donations to the Bill & Melinda Gates Foundation after his death and let his three children decide how to distribute the rest of his $128 billion fortune. Buffett has given about …

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death
5 months, 3 weeks ago

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

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 Investor Warren Buffett announced another …

Warren Buffett just lost $4.5 billion because of this stock market decision
6 months, 1 week 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 …

Warren Buffett says AI may be better for scammers than society. And he’s seen how
7 months, 2 weeks ago

Warren Buffett says AI may be better for scammers than society. And he’s seen how

Associated Press  

— Warren Buffett cautioned the tens of thousands of shareholders who packed an arena for his annual meeting that artificial intelligence scams could become “the growth industry of all time.” Doubling down on his cautionary words from last year, Buffett told the throngs he recently came face to face with the downside of AI. The meeting opened with a video …

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

Warren Buffett’s company says a billionaire family offered bribes to inflate earnings at a truck stop chain
1 year ago

Warren Buffett’s company says a billionaire family offered bribes to inflate earnings at a truck stop chain

Associated Press  

— Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake in the company. The Berkshire claim in a counter …

Warren Buffett donates ₹7,250 crore to charities as Thanksgiving
1 year, 1 month ago

Warren Buffett donates ₹7,250 crore to charities as Thanksgiving

Hindustan Times  

Warren Buffet on Tuesday announced that he had gifted around $876 million worth of Berkshire Hathaway shares to charitable foundations run by his children ahead of Thanksgiving. Additionally, 0.9 million shares are evenly distributed among three charities overseen by his children - The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation. “My children, along with their father, have …

Warren Buffet donates Berkshire Hathaway shares to children’s foundations at Thanksgiving
1 year, 1 month ago

Warren Buffet donates Berkshire Hathaway shares to children’s foundations at Thanksgiving

Associated Press  

“At Thanksgiving I have much to be thankful for,” Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately $876 million …

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well
1 year, 1 month ago

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well

Associated Press  

— Warren Buffett’s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well. That’s why Buffett has long said investors are better served focusing on Berkshire’s operating earnings, which exclude the value of its investments that can …

8 money lessons to learn from Warren Buffett’s letters to shareholders
1 year, 1 month 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 …

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well
1 year, 4 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, 5 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 …

Maybe investors shouldn’t worry about Buffett’s successor
1 year, 7 months ago

Maybe investors shouldn’t worry about Buffett’s successor

Associated Press  

— Many investors worry about the future of Berkshire Hathaway after its legendary CEO Warren Buffett is gone, but most of the conglomerate’s companies have already made the transition to reporting to the man who will eventually replace the 92-year-old. Buffett himself and executives at Berkshire Hathaway companies like See’s Candy and Dairy Queen say they don’t have any qualms …

Buffett shares good news on profits, AI thoughts at meeting
1 year, 7 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 …

Board member: 92-year-old Buffett won’t be replaced soon
1 year, 7 months ago

Board member: 92-year-old Buffett won’t be replaced soon

Associated Press  

— Investors shouldn’t expect a change of leadership at the top of Berkshire Hathaway anytime soon, even though Chairman Warren Buffett is 92 and his partner Charlie Munger is 99, one longtime board member said Thursday. He said the board has total confidence in Abel, who led Berkshire’s massive utility unit starting in 2008 before taking his current vice chairman …

Buffett says people shouldn’t worry about Berkshire, banks
1 year, 8 months ago

Buffett says people shouldn’t worry about Berkshire, banks

Associated Press  

— Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he’s no longer around to lead the conglomerate. “The problem for our board of directors is the day I’m not around and Greg’s running it, I am not giving him some envelope that tells him what to do next,” Buffett said. Buffett and Abel fielded a …

Buffett’s company owns nearly 24% of Occidental Petroleum
1 year, 8 months ago

Buffett’s company owns nearly 24% of Occidental Petroleum

Associated Press  

— Billionaire Warren Buffett’s company bought more than $200 million worth of Occidental Petroleum’s shares over the past week, giving it control of 23.6% of the oil producer’s stock. Berkshire now owns nearly $13 billion worth of Occidental’s common shares outright. Buffett doesn’t routinely comment on Berkshire’s stock purchases beyond what he is required to disclose, and he didn’t immediately …

Buffett’s firm keeps selling BYD shares despite past praise
1 year, 11 months ago

Buffett’s firm keeps selling BYD shares despite past praise

Associated Press  

— Warren Buffett’s company continues selling off its BYD shares despite the positive comments he has made about the Chinese electric car maker in the past, but Berkshire Hathaway remains a major shareholder. Berkshire said in a filing with the Hong Kong stock exchange Monday that it had sold another 1 million shares, leaving it with 13.97% of the Hong …

Warren Buffett donates $758 million in Berkshire shares
2 years, 1 month ago

Warren Buffett donates $758 million in Berkshire shares

Hindustan Times  

Warren Buffett donated Berkshire Hathaway Inc. stock valued at more than $758 million to charities, including one named after his late wife. Buffett donated 1.5 million Class B shares to the Susan Thompson Buffett Foundation and 300,000 shares each to the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation on Wednesday, according to a filing. Buffett, 92, …

Buffett donates over $750 million to his family charities
2 years, 1 month ago

Buffett donates over $750 million to his family charities

Associated Press  

— Billionaire investor Warren Buffett donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family Wednesday, but unlike his annual gifts to charity each summer, the recipients didn’t include the Bill & Melinda Gates Foundation. A filing with the Securities and Exchange Commission showed Buffett gave 1.5 million Class B shares in the …

Buffett’s conglomerate closes $11.6B Alleghany insurance buy
2 years, 2 months ago

Buffett’s conglomerate closes $11.6B Alleghany insurance buy

Associated Press  

— Warren Buffett’s company completed its largest acquisition in years Wednesday with its $11.6 billion purchase of the Alleghany insurance conglomerate. The purchase announced in March will further expand Berkshire’s sizeable insurance operations and add a few more companies to its stable, including a steel fabricator and toy company owned by Alleghany. Buffett’s Omaha, Nebraska-based conglomerate owns Geico, General Re …

Bill Gates vows to drop off world’s rich list by giving money away - starting with $20bn donation
2 years, 5 months ago

Bill Gates vows to drop off world’s rich list by giving money away - starting with $20bn donation

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 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. “I will move down and eventually …

Warren Buffett gives over $ 4 billion to charity as part of his annual pledge
2 years, 6 months ago

Warren Buffett gives over $ 4 billion to charity as part of his annual pledge

Hindustan Times  

Warren Buffett gave Berkshire Hathaway Inc. shares valued at about $4 billion to charities including the Bill & Melinda Gates Foundation, part of the annual plan he started more than a decade ago. The more than 14 million Berkshire Class B shares were donated to a total of five philanthropies, including ones run by his children, according to a statement …

Warren Buffett doesn’t believe in Bitcoin, won’t buy it even at $25. Read here
2 years, 7 months ago

Warren Buffett doesn’t believe in Bitcoin, won’t buy it even at $25. Read here

Live Mint  

The billionaire finance guru Warren Buffett, who complained recently that he did not know where to put his money, said cryptocurrencies are not being a productive asset and said he wouldn't buy the whole of bitcoin even for 25 US dollars. Speaking at a Berkshire Hathaway annual shareholder meeting, the billionaire claimed that cryptocurrency is not a productive asset and …

Warren Buffett tells shareholders about spending $51 billion
2 years, 7 months ago

Warren Buffett tells shareholders about spending $51 billion

Associated Press  

— Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone. Buffett said Berkshire was able to take advantage of the fact that Wall Street is largely run like a “gambling …

The single most important takeaway from Warren Buffett’s 2021 letter
2 years, 9 months ago

The single most important takeaway from Warren Buffett’s 2021 letter

Live Mint  

Warren Buffett’s 2021 letter to shareholders is out and you may have already zeroed in on your favorite part from the letter. There’s an interesting story around Ben Graham and how he let go of a potential 100-bagger because he stuck to his core principle. Warren Buffett on the other hand stays invested as long as the fundamentals of the …

Buffett still wants deals but can’t find any attractive ones
2 years, 9 months ago

Buffett still wants deals but can’t find any attractive ones

Associated Press  

— Billionaire Warren Buffett says his company has benefited from some “extraordinary luck” in finding acquisitions like BNSF railroad over the decades, but he hasn’t had much of that in recent years as Berkshire Hathaway’s cash pile has grown to nearly $147 billion. By that measure, Berkshire’s operating earnings jumped from $5.02 billion, or $3,224.74 per Class A share, to …

Buffett’s Berkshire stays aggressive with stock repurchases
3 years, 5 months ago

Buffett’s Berkshire stays aggressive with stock repurchases

Associated Press  

— Warren Buffett’s Berkshire Hathaway conglomerate is still aggressively buying back its own stock to make use of some of its huge pile of cash. The latest repurchases were revealed Wednesday when Buffett filed an update on his Berkshire holdings after he donated $4.1 billion worth of stock to five foundations he supports with annual gifts. Berkshire has turned to …

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises
3 years, 5 months ago

EXPLAINED: How Jamsetji Tata Pipped Gates, Buffett To Top Of Charity List And Why Philanthropy Holds So Many Surprises

News 18  

With $100 billion you could buy about 240 Boeing 747s, which would easily give you the world’s largest fleet of the aircraft. Or like Jamsetji Tata, the founder of the Tatas’ business empire, you could give that money away in philanthropy to become known to posterity as the most generous giver in the world. While Jamsetji Tata passed away in …

Warren Buffett resigns from Gates Foundation
3 years, 6 months ago

Warren Buffett resigns from Gates Foundation

Associated Press  

NEW YORK — Warren Buffett resigned Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure as it deals with the divorce of its two founders. My goals are 100% in sync with those of the foundation, and my physical participation is in no …

Warren Buffet resigns from Bill and Melinda Gates Foundation
3 years, 6 months ago

Warren Buffet resigns from Bill and Melinda Gates Foundation

Al Jazeera  

Warren Buffett resigned on Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure as it deals with the divorce of its two founders. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed …

When Buffett is gone, Abel will take over as Berkshire CEO
3 years, 7 months ago

When Buffett is gone, Abel will take over as Berkshire CEO

Associated Press  

— Vice Chairman Greg Abel will succeed billionaire Warren Buffett as Berkshire Hathaway CEO, according to a report. Buffett confirmed the succession plan Monday to CNBC after Berkshire Vice Chairman Charlie Munger let slip the plan during during the company’s annual meeting on Saturday. Buffett said that if for some reason Abel couldn’t do the job, then Vice Chairman Ajit …

Warren Buffett says US economy’s unexpected strength benefits Berkshire Hathaway
3 years, 7 months ago

Warren Buffett says US economy’s unexpected strength benefits Berkshire Hathaway

Live Mint  

Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire's annual meeting, Buffett said the economy has been "resurrected in an extraordinarily effective way" by monetary stimulus from the Federal …

Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
3 years, 9 months ago

Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals

Live Mint  

Warren Buffett's Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee Berkshire's non-insurance and insurance operations and whose pay Buffett sets, were each awarded $19 million, unchanged from 2019. Berkshire's dozens …

Warren Buffett's Fortune Tops $100 Billion After His Stock Hit Record High
3 years, 9 months ago

Warren Buffett's Fortune Tops $100 Billion After His Stock Hit Record High

News 18  

Investor Warren Buffett’s fortune surged above $100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece. Berkshire’s shares have generally been increasing over the past two weeks since Buffett released his annual letter to shareholders late last month. Buffett’s fortune, which is mostly tied to his ownership of 248,734 Class A shares, topped $101 …

Warren Buffett again encourages investors to bet on America
3 years, 9 months ago

Warren Buffett again encourages investors to bet on America

Associated Press  

— Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Buffett said one of his biggest investments last year was the $25 billion repurchase of Berkshire’s own shares. One of Berkshire’s hardest-hit businesses last year was aviation parts manufacturer Precision Castparts, …

What Warren Buffett’s stock market strategy has signalled
3 years, 10 months ago

What Warren Buffett’s stock market strategy has signalled

Live Mint  

It was already pretty safe to say that Warren Buffett wasn’t going to get in on the overzealous GameStop Corp. buying action of late. But a regulatory filing Tuesday signalled that the famed investor is still hesitant about stocks generally, with his Berkshire Hathaway Inc. back to hoarding cash while riding out a market that’s been disjointed by a global …

Warren Buffett loses spot on wealth list to China’s Zhong Shanshan
3 years, 11 months ago

Warren Buffett loses spot on wealth list to China’s Zhong Shanshan

Live Mint  

Zhong Shanshan is setting new wealth records. The chairman of Nongfu Spring Co., a bottled-water company that’s ubiquitous in China, is now richer than Warren Buffett as his fortune surged $13.5 billion since the start of the year to $91.7 billion on Tuesday, according to the Bloomberg Billionaires Index. Nicknamed locally as the “Lone Wolf” for avoiding involvement in clubby …

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