Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday said it is "massively stupid" for tensions to escalate between the United States and China, and separately said cryptocurrency should have been banned, calling it "beneath contempt."
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.
Warren Buffett names Greg Abel as likely successor at Berkshire Hathaway
Greg Abel has long been seen as the most likely candidate to succeed Buffett given the former s age and post. Abel oversees all non-insurance businesses at Berkshire Hathaway
BusinessToday.In | May 3, 2021 | Updated 20:05 IST
Warren Buffett has been serving as the Chairman and CEO of Berkshire Hathway for the past five decades
Berkshire Hathaway CEO and one of the world s richest men Warren Buffett stated on Monday that if he were to step down from his post then Greb Abel is likely to be his successor. Abel, 53, currently serves as the Vice Chairman of non-insurance businesses at Berkshire Hathaway. The firm s board agrees that he would take over if anything were to happen to the 90-year-old CEO, Warren Buffet told CNBC.
William Green, author of Richer, Wiser, Happier: How The World s Greatest Investors In Markets And Life , says super investors like Warren Buffett and Charlie Munger played only those games they could win.
Warren Buffett’s meeting of many mea culpas: From Apple to healthcare
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Last Updated: May 02, 2021, 10:12 AM IST
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Synopsis
“That was probably a mistake,” Warren Buffett said of its decision to sell some of Apple’s stock last year.
Warren Buffett also reflected on the health care venture Berkshire had set up with JPMorgan Chase & Co. and Amazon.com Inc., to attack the “tape worm” of high-costs in the system.
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Warren Buffett just wanted to say sorry.
The chief executive officer made a few blunt admissions at his annual meeting of Berkshire Hathaway Inc. shareholders on Saturday. Among them were regrets over Apple Inc. stock sales, the circumstances surrounding its airline share dump, and a failed healthcare venture.