Warren Buffett says Steve Jobs once called him for investment advice but ignored it: 'He didn't do anything'
4 months, 2 weeks ago

Warren Buffett says Steve Jobs once called him for investment advice but ignored it: 'He didn't do anything'

Hindustan Times  

Steve Jobs once called ace investor Warren Buffett for some advice on where to invest Apple's cash reserves. Warren Buffett said on the call from Steve Jobs, “It was an interesting conversation because I hadn't talked to him in a long time.” Steve Jobs had called to get advice on what to do with Apple's huge cash pile, Warren Buffett recounted, adding, “He said, ‘We've got all this cash. Steve Jobs then told Warren Buffett that Apple wouldn't go for big acquisitions that required a lot of cash. He said, ‘I think my stock is very undervalued.’ I said, ‘Well, what better to do with your money?’" Warren Buffett said Steve Jobs interpreted their conversation as the former endorsing his decision to hold onto the cash.

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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, 2 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 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 …

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 …

Warren Buffett warns investors not to gamble on stocks
3 years, 7 months ago

Warren Buffett warns investors not to gamble on stocks

Associated Press  

— Billionaire Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at Berkshire Hathaway’s annual meeting Saturday. Buffett spent several hours answering questions Saturday afternoon at an online version of Berkshire’s annual meeting alongside vice chairmen Charlie Munger, Greg Abel and Ajit Jain. I think I …

Warren Buffett sours on banks and likes gold
4 years, 4 months ago

Warren Buffett sours on banks and likes gold

Live Mint  

Dumping bank shares and investing in a gold miner? That’s why it’s so jarring that Buffett’s Berkshire Hathaway Inc. sold 62% of its stake in JPMorgan Chase & Co. and cut 26% of its Wells Fargo & Co. holdings last period amid the Covid-19 crisis. The conglomerate also pared back positions in other financial-services firms including PNC Financial Services Group …

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