Buffett, Munger scoff at ESG vigilantes; say Berkshire is okay owning oil stocks

Buffett, Munger scoff at ESG vigilantes; say Berkshire is okay owning oil stocks

MUMBAI: Billionaire investors Warren Buffett and Charlie Munger took a swipe at the ongoing trend of investors demanding companies to disclose more information on ESG (environment, social and governance) metrics. The veteran investors, who were speaking at the annual general meeting of Berkshire Hathaway held virtually from Los Angeles, took a dig at the green … Read more

Stock gains power Buffett’s Berkshire Hathaway to higher profit

Stock gains power Buffett’s Berkshire Hathaway to higher profit

Warren Buffett’s Berkshire Hathaway Inc on Saturday said quarterly operating income rose 14 per cent, aided by improved results from its insurance businesses, while soaring prices of stock holdings such as Apple Inc led to a nearly $36 billion overall profit. Fourth-quarter operating income rose to $5.02 billion, or approximately $3,252 per Class A share, … Read more