Industry

From IIT to investing: 5 things Warren Buffett said about India

The results were released one day before Berkshire's annual meeting in Omaha, Nebraska, where Buffett, 86, and Berkshire Vice Chairman Charlie Munger, 93, were to answer five hours of questions from shareholders, journalists and analysts. "Problems don't go away".

Billionaire investor Warren Buffett on Saturday said he doubted coal could make a comeback, dismissing a push by U.S. President Donald Trump to revive the declining American industry.

Buffett said late last week that Berkshire recently sold about one-third of those shares even as it built a huge stake in Apple Inc, which Buffett said is more as a "consumer" company than a technology company. Berkshire Hathaway Specialty Insurance launched two insurance policies that cover cyber liability and the costs incurred to respond to a data breach or threat. Asked if he had stopped buying Apple, Buffett said: "Maybe, may not".

Speaking on CNBC television, Buffett said, "It's a defect of mine" that he doesn't focus as closely on the efficiency of business units at Berkshire Hathaway Inc (BRKa.N), the conglomerate he has run since 1965.

He said one of the most important qualities his successor will need is a talent for wisely investing Berkshire's cash.

- Buffett also faulted Wells Fargo executives for not acting quickly enough when they found out about problems involving the creation of fake customer accounts at the bank.

Berkshire's annual shareholder meeting has always been known as the "Woodstock of capitalism" for the fervor of the investors - some owning only a single share - who travel to Omaha just for the chance to listen to Buffett and his longtime business partner, Charles Munger.

No shutdown: $1.1 trillion agreement shows Democrats' clout
Even with Upton and Long in the "yes" column, GOP leaders had spent the day hunting for votes among wary moderates. McConnell said there will be no more changes to the filibuster rule to make life easier for the new president .

USA launches missile test from California
The United States has 450 Minuteman III weapons sitting on alert near Maelstrom AFB, Mont.; Minot AFB, N.D. and F.E. In response, the U.S. has sent warships to the region to deter North Korea from conducting another nuclear test.

QTD REALTY TRUST (QTS): A Detailed Look at its Institutional Ownership
The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 22 cents per share. After a recent look, shares have been seen -0.56% from the 200-day moving average, and -1.61% from the 50-day moving average.

He argued that the American Health Care Act, which passed the House this past week, amounted to "a huge tax cut for guys like me".

Billionaire investor Warren Buffett defended private equity partner 3G Capital for its practice of "trying to do business with fewer people".

A cut to 15 percent could boost book value by $36 billion, he said.

If Berkshire does decide to pay dividends, it would have to commit to maintaining that payout over time, Buffett said, as cutting it could have disastrous consequences for the company's share price. "The CEO has to act", Buffett said.

They went through "a litany of trends they missed, mistakes they made", Wallman said.

Berkshire Hathaway on Friday said first-quarter profit fell 27 percent, reflecting a big decline in investment gains. "There's no way I can come back here three years from now and tell you that we hold $150 billion or so in cash or more and we think we're doing something brilliant by doing it".



Like this

Latest


08 May 2017
Far-right to rally in Berkeley after Coulter talk canceled
Gavin McInnes, co-founder of Vice Media and founder of the pro-Trump "Proud Boys", was one of several speakers at the gathering. They offered the college Republicans, who had invited Coulter, a different date and venue for the speech, but were turned down.

08 May 2017
Europa League: Man U pip Celta Vigo
Pogba will provide support in attack to Jesse Lingard , Henrikh Mkhitaryan and Marcus Rashford, who will lead the line once more. United's 1-0 Europa League semi-final first-leg win at Celta Vigo on Thursday was their 10th game since 1 April.

07 May 2017
Trump makes puzzling claim about Andrew Jackson, Civil War
The White House did not immediately respond to a request for an explanation of Trump's reasoning. Donald Trump thinks President Andrew Jackson could have prevented the Civil War .

07 May 2017
Seen HIM taking illegal cash: Sacked AAP Minister
"Six of the seven AAP ministers including Deputy Chief Minister Manish Sisodia are facing corruption charges", he said. He said he had met the chief minister earlier in the day and handed over documents related to the alleged scam.

06 May 2017
At UNHRC, India says it's secular state with no state religion
The hearing, which was a part of the Universal Periodic Review of the Human Right's Council in Geneva, which is held every five years for every country.

06 May 2017
Penguins Sidney Crosby returns to full contact practice on Friday
Still, it depends on how Crosby, 29, feels after those taking bumps and hits, which is why the team has termed him day-to-day. Pittsburgh forward Conor Sheary , who suffered a concussion in Game 3, also returned to practice Friday.

06 May 2017
Motorola is reportedly developing a premium Android tablet, with 'productivity mode'
Based on this alleged leak, 9to5Google claims that the Productivity Mode has been lifted directly from Lenovo's YogaBook tablet. The name of this device isn't known at this time, though, nor whether Motorola has even picked the final name for the product.

06 May 2017
Barcelona striker Neymar ordered to stand trial for fraud
The decision to order Neymar to stand trial is another blow to the image of the Spanish giants and the player himself. The case began because of a complaint from DIS, which owned a 40% stake in Neymar , back when he represented Santos.

06 May 2017
DOD considering sending more troops to Afghanistan
Almost 2,000 US service members participated in a counter-terrorism mission aimed at targeting groups like Al-Qaeda and ISIS. Currently US advisers are mainly concentrated at the headquarters level, far away from Afghan troops in the field.

04 May 2017
Black Ops III Zombie Chronicles remaster add-on leaked
This culminated in an ESRB listing earlier this week to confirm the Zombies Chronicles DLC package, as reported by Inquisitr. Zombies Chronicles will be released first on PlayStation 4 for Call of Duty: Black Ops 3 on May 16.



Recommended