Warren Buffett’s Berkshire Hathaway has fully sold its 17-year stake in Chinese electric-vehicle maker BYD, ending one of the most profitable foreign bets in the conglomerate’s history. The move, which comes after BYD shares surged nearly 3,900% during Berkshire’s holding period, has rattled investors, even as the Chinese automaker framed the divestment as routine. BYD … Read more
Warren Buffett, the Oracle of Omaha, famously steers clear of Real Estate Investment Trusts (REITs). While REITs have long been a proven way for investors to access real estate returns with liquidity and diversification, Buffett’s massive Berkshire Hathaway empire holds barely any REIT exposure. But his avoidance doesn’t mean REITs aren’t worth your attention. In … Read more
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