Warren Buffett needs to be educated on #cryptocurrencies; #WarrenBuffett

Susie, who grew up with two brothers, Peter and Howard, said the Buffett kids were treated equally.

Buffett said most of Berkshire’s businesses are hiring, and several of them are having trouble finding workers. “People want a formula, but the world isn’t like physics outside of physics and false precision does nothing but get you into trouble”.

United States billionaire investor Warren Buffett said on Saturday that the world depends on the U.S. and China for progress, dismissing concerns that the two countries’ trade tensions could potentially escalate into a trade war. “If you look at Apple, I think it earns nearly twice as much as the second most profitable company in the United States”. “With the passage of time, we may own 6 or 7 percent because they repurchase shares”.

Buffett encouraged everyone in the crowd to make long-term investments without worrying about headlines, such as trade disputes, Federal Reserve actions or the economy. And at the last of the once regular press conferences following the AGM, Buffett told me his reading had slowed some, because he then “only” read two books a day.

“I made a mistake in not being able to come to a conclusion”, he said. “People like to speculate, they like to gamble”.

“If you find anything over there for me, this is the time we should be acquiring something”. “But when you buy a non-producing asset, there are no checkpoints”.

Munger added his family is “substantially” invested in China, where they began investing 14 years ago. If I’m investing in Apple, I want people to think Apple is awful because they’re repurchasing shares and it will go up faster. “I’m delighted to see them repurchasing shares”. If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game.

Q: You’ve been wrong on technology before.

Apple is once again closing in on becoming the first company to have a market cap of $1 trillion. His input was welcomed by Apple CEO Tim Cook who said: “On a personal level, I’ve always greatly admired Warren and have always been grateful for his insight and advice”. More important, it’s why he elevated younger Berkshire executives Greg Abel and Ajit Jain to vice chairmen in January, giving them expanded oversight of the $482 billion conglomerate.

Messrs. Combs and Weschler have arranged some deals for Berkshire, Mr. Buffett said, and the heads of Berkshire subsidiaries have long sought out “bolt-on acquisitions” on their own.