"My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth.
Pilot Travel Centers has repeatedly objected to Berkshire Hathaway’s shift to pushdown accounting rules, according to the Delaware Chancery Court complaint, which was made public on Thursday. Using those rules works to “unfairly harm Pilot and benefit Berkshire,” the chain’s lawyers wrote.
The company Buffett has run since 1965 also signaled the billionaire s confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs.
Updated Feb 26, 2021 | 14:02 IST
Charlie Munger, Vice-Chairman of Berkshire Hathaway spoke at the Daily Journal Annual Meeting (2021) and as usual, his views were frank and forthright. Charlie Munger (File Photo) | Photo Credit: AP
Key Highlights
Charlie Munger: Bitcoin too volatile to serve well as a medium of exchange
Charlie Munger: Value investing is always wanting to get more value than you pay for when you buy a stock
Charlie Munger, Vice-Chairman of Berkshire Hathaway spoke at the Daily Journal Annual Meeting (2021) and as usual, his views were frank and forthright.
Here are the key takeaways from Charlie Munger’s interactions