Berkshire Hathaway, the conglomerate run by Warren Buffett, reported $11.7 billion in net earnings in the first quarter on Saturday, swinging to a profit from a $49.7 billion loss a year ago, as the paper value of its investment gains soared. Buffett and Berkshire’s vice chairman, Charlie Munger, appeared upbeat after the earnings report at … Read more
By Katherine Chiglinsky Warren Buffett conceded that a better-than-expected economic recovery from the pandemic made the timing of some Berkshire Hathaway Inc. moves last year — including its decision to drop some airline stocks — more fraught. Berkshire ended up dumping the stocks of four major U.S. airlines as the pandemic bore down on the … Read more
Warren Buffett said on Saturday that the U.S. economy is faring far better than he might have predicted early in the coronavirus pandemic, benefiting his conglomerate Berkshire Hathaway Inc. Speaking at Berkshire’s annual meeting, Buffett said the economy has been “resurrected in an extraordinarily effective way” by monetary stimulus from the Federal Reserve and fiscal … Read more
MUMBAI: Legendary investor Charlie Munger of Berkshire Hathaway is not happy with the success of cryptocurrencies like Bitcoin and Ethereum, as he sees them as “contradictory to the development of civilisation.” Cryptocurrency assets such as Bitcoin and Ethereum are now worth more than $2 trillion within just 12 years of their birth. Bitcoin alone today … Read more
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