Warren Buffett’s Berkshire Hathaway has cut its stake in Apple, apparently for tax reasons. The conglomerate’s first quarter earnings report — released Saturday — showed the company’s investment in the tech giant at $135 billion. A report by CNBC noted this would mark a drop of 13%, though...
Berkshire Hathaway’s Charlie Munger wants America to take a page from China and ban cryptocurrencies. In a Wall Street Journal opinion piece Wednesday (Feb. 1), the billionaire vice chairman of the conglomerate decried the “wretched excess” of the crypto market. “A cryptocurrency is not a...
Berkshire Hathaway Vice Chairman Charlie Munger has restated his contempt for the cryptocurrency industry in the wake of FTX’s collapse. “It’s partly fraud and partly delusion,” the 98-year-old billionaire told CNBC Tuesday (Nov. 15). “That’s a bad combination. I don’t like either fraud or delusion. And the delusion may...
There will be no Berkshire Coin cryptocurrency, Berkshire Hathaway Chairman Warren Buffett said at the company’s annual shareholder meeting on April 30, nor will there be a Buffett Coin. “We can put out Berkshire coins,” Buffett said, adding that whatever people want to call them,...
May 04, 2020
The selloff begat the selloff. To that end, news came over the weekend that famed investor Warren Buffett, through his investment vehicle, Berkshire Hathaway, has sold all of its holdings in U.S. airlines. The firm sold its stakes in equities tied to a host of marquee names such as American Airlines, Southwest, Delta Airlines and others. […]
December 23, 2019
When people joke about boring professions and industries, one can bet that insurance will almost always be one of the top targets of such humor. That’s a bit unfair, of...
March 29, 2019
Pushed? Jumped ? The speculation begins and runs rampant as Timothy Sloan steps down from Wells Fargo’s helm – and yes, shares popped. In the meantime, the bank still will...
May 05, 2024
Berkshire Hathaway’s Warren Buffett has compared the development of artificial intelligence (AI) to the atomic bomb. Just like that invention, the multibillionaire said Saturday (May 4) at Berkshire’s annual meeting, AI could produce disastrous results for civilization. “We let a genie out of the bottle when we developed nuclear weapons,” said Buffett, whose comments were reported by The […]
May 05, 2024
Warren Buffett’s Berkshire Hathaway has cut its stake in Apple, apparently for tax reasons. The conglomerate’s first quarter earnings report — released Saturday — showed the company’s investment in the tech giant...
February 02, 2023
Berkshire Hathaway’s Charlie Munger wants America to take a page from China and ban cryptocurrencies. In a Wall Street Journal opinion piece Wednesday (Feb. 1), the billionaire vice chairman of...
November 15, 2022
Berkshire Hathaway Vice Chairman Charlie Munger has restated his contempt for the cryptocurrency industry in the wake of FTX’s collapse. “It’s partly fraud and partly delusion,” the 98-year-old billionaire told CNBC Tuesday (Nov. 15)....
