Buffett expresses sympathy, but Berkshire political spending proposal fails

  • Buffett expresses sympathy, but Berkshire political spending proposal fails

Buffett expresses sympathy, but Berkshire political spending proposal fails

Berkshire Hathaway shareholder Barb Whitelock of Omaha stands in line to buy a commemorative Coca Cola can made for the Chinese market that features the likeness of Warren Buffett, at the CenturyLink Center in Omaha, Neb., May 5, 2017. Here are five highlights investors should know. Currently, Berkshire has more than $90 billion in cash on hand.

Buffett's change of heart would be both a boon to his shareholders and somewhat ironic: The investor has publicly espoused the value of income-paying stocks, particularly for retirement savers, but may bring dividends to Berkshire just as he prepares to retire himself.

Image Source: The Motley Fool. And the only way to keep it out is to be very tough on it all the time.

Unfortunately, good opportunities are getting more hard to find. Buffett and Munger's familiar stories and jokes with laughter and applause. Over the next several years, Buffett routinely added to Berkshire's IBM stake.

Billionaire Warren Buffett paid tribute to Vanguard founder Jack Bogle at Berkshire Hathaway's annual meeting Saturday. Critics of the bill have said it will take away the healthcare benefits of millions of people and allow the rich to get tax breaks, just as mentioned by Buffett.

Buffett told Berkshire Hathaway shareholders Saturday that the bank should have done more to correct the problem once it was discovered.

"If you even have a billion-dollar fund and get 2 percent of it, for awful performance, that's $20 million [a year]", Buffett said. He's been especially vocal about this in recent years, particularly as an alternative to utilizing active investment managers.

"That's cost people a lot of money at Berkshire", he said. "We don't like that and we shouldn't use your money that way for a long period of time", he said at the meeting.

While Buffett acknowledged that tax cuts would benefit his shareholders - although not all of them - he also called medical costs "the tapeworm of American economic competitiveness".

Berkshire surprised many investors with its investment in the four largest US airlines, but there's one comparison Buffett wanted to address.

The two major tech companies in which Berkshire holds stocks are Apple and IBM.

Starting in June, RC Willey Home Furnishings Chief Executive Scott Hymas is planning to take a three-year religious leave, during which the company's president will be in charge of the Utah furniture chain while Mr. Hymas will take more of a board role, he said. Airlines simply don't have the competitive advantages of railroads.

Buffett says Wells Fargo didn't act promptly when it discovered the problem. "We've made similar mistakes". "It had to stop when the CEO learned about it.they totally underestimated the impact" of the issue.

The April 9 episode caught on video showed David Dao, a doctor, being pulled from a United seat to make way for a crew member, resulting in a broken nose and concussion. Buffett and Munger speak and to shop at Berkshire businesses, including See's Candies, Fruit of the Loom and Dairy Queen.