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Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55% Vice Chairman Charlie Munger on Saturday said the Robinhood trading app was “unraveling” after engaging in practices he labeled “disgusting.” “Look what happened to Robinhood from its peak to its trough,” Munger said at Berkshire’s annual meeting. “Wasn’t that pretty obvious that something like that was going to […]

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 […]