• Warren Buffett: How To Turn $10,000 Into $51 Million And Other Wisdom From The Berkshire Meeting

    5 monthes ago - By Forbes

    Warren Buffett took extra effort to prove the power of compound returns at Berkshire Hathaway's annual shareholder meeting on Saturday. The Oracle of Omaha first invested $114 in a stock in 1942. Had he put it in an index fund it would worth $400,000 today.
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  • Warren Buffett: How To Turn $10,000 Into $51 Million And Other Wisdom From The Berkshire Meeting

    5 monthes ago - By Forbes

    Warren Buffett took extra effort to prove the power of compound returns at Berkshire Hathaway's annual shareholder meeting on Saturday. The Oracle of Omaha first invested $114 in a stock in 1942. Had he put it in an index fund it would worth $400,000 today.
    Read more ...

     

  • Warren Buffett Says He Was Wrong About Google and Amazon

    5 monthes ago - By Fortune

    Revered investor Warren Buffett admitted at Berkshire Hathaway's annual shareholder meeting Saturday that "I made the wrong decisions" when he passed up investments in Amazon and Google. It's a mistake he made because he stuck to his longtime investing principles-and that might mean it's time to update those ideas.
    "I had very very very high opinion of ability when I first met him, and I underestimated him," Buffett said in comments reported by CNBC. "I've watched Amazon from the start. I think what Jeff Bezos has done is something close to a miracle. .. the problem is when I think...
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  • Berkshire Hathaway, Amazon and JPMorgan Are Close to Hiring a CEO for Their Healthcare Venture

    5 monthes ago - By Fortune

    The joint healthcare venture formed by Amazon, Berkshire Hathaway and JPMorgan in January will soon announce new CEO to lead the company, Warren Buffett revealed at his company's annual meeting Saturday.
    “We're making a lot of progress, and I think we'll probably have a CEO within a couple of months,” Buffett said at the Berkshire Hathaway meeting in Omaha.
    The legendary investor, nicknamed the “Oracle of Omaha,” did not specify who was in the running for the top position. But candidates under consideration reportedly include Todd Park, the federal government's former chief technology...
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  • Why Elon Musk and Warren Buffett Are Suddenly Trolling Each Other Over See's Candies

    5 monthes ago - By Fortune

    During the annual Berkshire Hathaway meeting Saturday, CEO Warren Buffett offered some advice to Tesla's Elon Musk: Stay away from See's Candies.
    What the renowned investor probably didn't anticipate was that Musk, a fellow multi-billionaire , would interpret his message as a dare.
    Buffett, whose Berkshire Hathaway owns See's Candies , was responding to a shareholder's question about whether he agreed with Musk's views about so-called economic “moats,” a term Buffett coined in a 1999 Fortune article referring to a company's wide competitive advantages.
    While Buffett has long extolled the...
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  • Why Warren Buffett Thinks Buying Microsoft Stock ‘Would Be a Mistake'

    5 monthes ago - By Fortune

    Berkshire Hathaway CEO Warren Buffett and Microsoft founder Bill Gates have known each other 27 years, enjoy playing bridge together and rallying in ping pong at the annual Berkshire Hathaway meeting.
    But the billionaires' friendship has its boundaries: Buffett will never buy Microsoft stock.
    “It just would be a mistake for Berkshire to buy Microsoft,” the famous stock picker said at Berkshire Hathaway's annual meeting Saturday.
    Buffett has been notoriously averse to tech stocks for most of his investing career, though in 2016 he stunned shareholders by buying Apple stock , which is now by...
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