Listening to Warren Buffett never gets old to thousands of Berkshire Hathaway shareholders.
- On May 4, Warren Buffett said Berkshire Hathaway had sold about 25 million shares in International Business Machines.
Throughout his legendary career, Buffett has stressed the importance of investing in products that are tangible, one reason he bought into companies like Coca-Cola and Dairy Queen over the years.
"If I die tonight, I think the stock would go up tomorrow", he said in response to one shareholder's question.
Trump's proposed tax plan is expected to cut corporate tax to 15 percent - "to the benefit of shareholders" as Buffett put it - and the new Republican healthcare bill would also repeal most of the taxes that paid for the Obamacare, or as it is formally known, the Affordable Care Act.
While there are some money managers who will do better than average in picking investments over time, most won't, he said. In October, Chief Executive Officer John Stumpf resigned after testifying to Congress on why the lender opened 2 million bank accounts without customers' permission. With big slugs of Berkshire Hathaway's portfolio struggling, including Wells Fargo and IBM, returns are converging with the S&P 500.
Cope eager to hear reshuffle reasons
A legal review could potentially find Mr Zuma's reasoning for the reshuffle unlawful, which is what the DA wants. Kodwa said Zuma has no obligation to provide reasons to anyone for changes he makes to his Cabinet.
Asked whether Berkshire's decentralized structure could lead to a similar scandal, Buffett said "as we sit here, somebody is doing something wrong at Berkshire", whose units employ 367,000 people.
Buffett is a Democrat who is said to be close to former President Barack Obama.
"Massive trade should be - and is actually - enormously beneficial to both the U.S. and the world", he said.
The billionaire has long said that he plans to work for as long as possible, and while he has identified successors for his roles as Berkshire's chairman and top stock picker, he has not said who would actually run the company.
Brooks Running CEO Jim Weber said he's always careful about how much of Buffett's time he takes up when he talks to him, so those conversations tend to focus just on Brooks' running-shoe business.
At the annual meeting of his Berkshire Hathaway Inc he again pressed the argument that, in aggregate, investment professionals are not worth their fees - and that people would be better off sticking their money in a low-priced index fund. Referring to Congress, he said: "If they really try and make it revenue neutral, I guess it won't pass". "I'm looking forward to hearing him as much as everybody else". At least, that's the advice he is offering his wife, in the event of his death. 'I did not think [Bezos] could succeed on the scale he has'. While Buffett met Mr. Peanut at the Kraft Heinz booth, Miami Dolphins defensive lineman Ndamukong Suh wandered a few feet away without a crowd.