UPDATE 1-Buffett s Berkshire buys Aon, slashes Chevron and Wells Fargo Reuters 5 hrs ago
By Jonathan Stempel
May 17 (Reuters) - Berkshire Hathaway Inc said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp and Wells Fargo & Co.
The changes were disclosed in a regulatory filing detailing Berkshire s U.S.-listed holdings as of March 31.
Berkshire also shed two smaller holdings entirely, Canada s Suncor Energy Inc and private label credit card issuer Synchrony Financial Inc.
The sales suggest that Buffett and his investment managers Todd Combs and Ted Weschler may be growing more wary of valuations as stocks regularly set new highs.
Warren Buffett slammed Robinhood and expressed discomfort with some stocks he owns.
The Berkshire Hathaway chief also praised big tech stocks and called them bargains.
6 experts spoke to Insider about Buffett s comments at the Berkshire Hathaway meeting.
Warren Buffett ended his year-long silence at Berkshire Hathaway s recent shareholder meeting, sharing his views on everything from airlines and SPACs, to fossil fuels and the economy.
Notably, the Berkshire Hathaway CEO criticized Robinhood for encouraging rookie investors to gamble on stocks and options, sparking a strong response from the trading app.
Buffett also revealed he s uncomfortable with some of Berkshire s stock holdings, as he lacks any special insight into them. He also touted Apple, Alphabet, Microsoft, and Facebook as bargains when interest rates are near zero.
Greg Abel: el discreto sucesor de Buffett siempre trabaja en equipo | Opinión elpais.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elpais.com Daily Mail and Mail on Sunday newspapers.
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HE ANNUAL shareholders’ meeting of Berkshire Hathaway has been dubbed “Woodstock for capitalists”, so large is the throng it usually attracts. For the second year running, though, thanks to covid-19, the groupies have been denied their close-up love-in with Warren Buffett. The event on May 1st was online only, with Mr Buffett joined on screen by his longtime sidekick and fellow nonagenarian, Charlie Munger a headline act that makes the Rolling Stones look like striplings.
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Nevertheless, Warren and Charlie outdid Mick and Keith for stamina, taking more than three hours of questions, covering everything from Berkshire’s first-quarter results, announced earlier that day, to the ways in which its subsidiaries do and don’t resemble children. For Buffettologists, the highlight was an apparent slip of the tongue by Mr Munger: “Greg will keep the culture”. The following day Mr Buffett, who had hitherto refu