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Berkshire Hathaway Inc. started buying more shares of Activision Blizzard Inc. since Microsoft Corp. announced its plan to acquire the videogame maker in January and now has a 9.5% stake, Warren Buffett said Saturday at Berkshire’s annual meeting. Buffett said those purchases were his decision and are a bet that the deal will close. Activision […]
The large influence that just a few passive index fund managers have on corporate governance is “not a good development” for the U.S., remarked Charlie Munger, Berkshire Hathaway’s vice chairman, at Berkshire’s annual meeting in Omaha on Saturday. “I don’t think it’s good for the country to have three passive investors” telling companies what “proper […]
Berkshire Hathaway Inc. Chairman and CEO Warren Buffett and his right-hand man Charlie Munger don’t appear to be warming up to bitcoin. Asked if their views had changed Saturday afternoon at Berkshire’s BRK.A, -2.94% BRK.B, -2.55% annual meeting, Buffett said he preferred tangible assets that produce something, such as farmland, and argued that the U.S. […]
Warren Buffett hasn’t changed his tune on Federal Reserve Chairman Jerome Powell despite a surge in inflation. Buffett, the chairman and CEO of Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55%, two years ago told shareholders that Powell belonged “on the pedestal” with former Fed chief Paul Volcker, for his quick response to the danger to […]
Warren Buffett hasn’t changed his tune on Federal Reserve Chairman Jerome Powell. Buffett, the chairman and CEO of Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55%, two years ago told shareholders that Powell belonged “on the pedestal” with former Fed chief Paul Volcker, for his quick response to the danger to the economy and financial system […]
Berkshire Hathaway vice chairman Charlie Munger had some advice for a young attendee at Berkshire’s annual meeting on Saturday. “When you have your own retirement account, and your friendly adviser suggests you blow money into bitcoin, just say no,” said Munger. Fidelity Investments announced April 26 that it will allow investors to add a bitcoin […]