Profits jump at Buffett's company ahead of annual meeting
1 year, 10 months ago

Profits jump at Buffett's company ahead of annual meeting

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. Part of this year's investment gains included a $2.4 billion boost related to Berkshire's planned acquisition of the majority of the Pilot Travel Centers truck stop company's shares in January. The three analysts surveyed by FactSet expected Berkshire to report operating earnings of $5,370.91 per Class A share This year’s first quarter was relatively quiet compared to a year ago when Buffett revealed that he had gone on a $51 billion spending spree at the start of last year, snapping up stocks like Occidental Petroleum, Chevron and HP. At the end of this year's first quarter, Berkshire held $130.616 billion cash, up from $128.585 billion at the end of last year. Berkshire's insurance unit, which includes Geico and a number of large reinsurers, recorded a $911 million operating profit, up from $167 million last year, driven by a rebound in Geico's results.

Billion Quarter Last Year Buffett Berkshire Geico Profits Jump  berkshires  buffetts  meeting  report  quarter  sign  annual  billion  berkshire  profits  jump  ahead  company  number  breaking  operating

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Wall Street indexes mixed, tech weighs ahead of Nvidia results
1 month ago

Wall Street indexes mixed, tech weighs ahead of Nvidia results

Live Mint  

* Nike gains after Jefferies upgrades to 'buy' * Berkshire Hathaway hits record high after record Q4 profit * Domino's Pizza falls after missing Q4 same-store sales estimates * Indexes: Dow up 0.45%, S&P 500 up 0.04%, Nasdaq down 0.45% By Sinéad Carew and Johann M Cherian Feb 24 - Wall Street's main indexes were mixed in choppy trading on …

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 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 …

Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest rates
1 month ago

Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest rates

Live Mint  

Berkshire Hathaway Q4 Results: Warren Buffett's Berkshire Hathaway Inc announced its fourth quarter results on Saturday, February 22, reporting a surge of 71 per cent in its operating profit to $14.5 billion, mostly driven by the investment income and insurance business amid high interest rates. The Omaha, Nebraska-based empire's fourth-quarter operating profit hit a record $14.53 billion, or $1,010 per …

Berkshire Hathaway’s operating earnings surge 71% with record cash pile
1 month ago

Berkshire Hathaway’s operating earnings surge 71% with record cash pile

CNN  

CNN — Warren Buffett’s Berkshire Hathaway on Saturday reported operating earnings for the fourth quarter rose 71% after taxes year-over-year to a record $14.5 billion. “We were aided by a predictable large gain in investment income as Treasury Bill yields improved and we substantially increased our holdings of these highly-liquid short-term securities,” Buffett said. For the fourth quarter, Berkshire’s cash …

'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 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 …

‘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 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
3 months, 3 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 months 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?
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 …

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 …

Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap
6 months, 3 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 …

Like Warren Buffett? Nvidia's Jensen Huang sold record $323 million stock in July before market crash
7 months, 1 week ago

Like Warren Buffett? Nvidia's Jensen Huang sold record $323 million stock in July before market crash

Hindustan Times  

Jensen Huang sold a record amount of Nvidia shares from his portfolio in July following which his total stock sales stand at nearly $500 million this year ahead of a global stock sell-off. The Nvidia boss sold $322.7 million worth of his company's shares in July and has sold nearly $500 million this year, as per filings with the Securities …

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 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, 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 …

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 …

Warren Buffett’s Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb
10 months, 1 week ago

Warren Buffett’s Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb

Associated Press  

— Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new $7 billion stake in fellow insurer Chubb. Many investors follow Berkshire’s portfolio closely because of Buffett’s remarkably successful track record over the decades, and some will certainly speculate that Berkshire could one day buy all of Chubb. The quarterly filing doesn’t say clearly whether Buffett or one of Berkshire’s two …

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 …

Investment lessons from Buffett’s letter to shareholders
1 year ago

Investment lessons from Buffett’s letter to shareholders

New Indian Express  

Operating profit over net profit: According to Buffett, operating profit – profits earned purely from core operations of the company – is a better gauge of the company’s financial health. Buffett says while net profit is reported more as a mandatory accounting practice, and is even widely transmitted, Berkshire Hathaway is more comfortable with operating profit. “The primary difference between …

Warren Buffett was there for the Japanese market rally
1 year, 1 month ago

Warren Buffett was there for the Japanese market rally

Live Mint  

Buffett’s company, Berkshire Hathaway, revealed in August 2020 that it had built stakes of about 5% in five Japanese trading companies. “Given Berkshire’s present size, building positions through open-market purchases takes a lot of patience and an extended period of ‘friendly’ prices," he said. At Berkshire’s most recent annual meeting in May, Buffett spoke of the earnings and dividend payments …

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 …

Warren Buffett’s company says a billionaire family offered bribes to inflate earnings at a truck stop chain
1 year, 3 months 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 …

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 firm reports $12.8 billion loss as investments fall but its insurers performed well
1 year, 4 months 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 …

Warren Buffett’s company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys
1 year, 4 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 …

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 buys another $127 million worth of Occidental Petroleum stock
1 year, 10 months ago

Warren Buffett buys another $127 million worth of Occidental Petroleum stock

Associated Press  

— Investor Warren Buffett’s company bought another $127 million worth of Occidental Petroleum stock over the past week to give Berkshire Hathaway 213.9 million shares of the oil producer. Berkshire’s latest filing with the Securities and Exchange Commission late Monday showed that it had bought another 2.2 million Occidental shares. Buffett’s Omaha, Nebraska-based conglomerate controls 23.8% of Occidental’s stock and …

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 …

Warren Buffett had to say THIS about Apple at annual meeting
1 year, 10 months ago

Warren Buffett had to say THIS about Apple at annual meeting

Live Mint  

‘Apple happens to be better business than any we own’, Billionaire Warren Buffett said at the Berkshire Hathaway Inc.'s annual general meeting in Omaha, Nebraska. Buffett and his partner Charlie Munger are spending all day Saturday answering questions at Berkshire Hathaway's annual meeting inside a packed Omaha arena. The billionaire said, “Apple is not 35% of Berkshire Hathaway's portfolio, but …

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report
1 year, 10 months ago

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report

Live Mint  

Billionaire and ace investor, Warren Buffett's Berkshire Hathaway sees over a 5-folds jump in net earnings for the first quarter of 2023, driven by gains from stocks such as Apple Inc. Also, higher income from investment boosted the operating profit. Net earnings attributable to Berkshire Hathway's shareholders skyrocketed by 536.27% to $35.5 billion in Q1 of 2023, as compared to …

Buffett’s company owns nearly 24% of Occidental Petroleum
1 year, 11 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 …

Warren Buffett touts benefits of buybacks in his shareholder letter; All you need to know
2 years, 1 month ago

Warren Buffett touts benefits of buybacks in his shareholder letter; All you need to know

Live Mint  

— Billionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both, and all investors benefit from them as long as they are made at the right prices. Buffett used part of his annual letter to Berkshire Hathaway shareholders Saturday to tout the benefits of repurchases that fiery Wall Street critics like …

Buffett touts benefits of buybacks in his shareholder letter
2 years, 1 month ago

Buffett touts benefits of buybacks in his shareholder letter

Associated Press  

— Billionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both, and all investors benefit from them as long as they are made at the right prices. Buffett used his typical self-deprecating style to say Berkshire’s remarkable record of doubling the returns of the S&P 500 over the last 58 years …

Buffett touts benefits of buybacks in his shareholder letter
2 years, 1 month ago

Buffett touts benefits of buybacks in his shareholder letter

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. Buffett used part of his annual letter to Berkshire …

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