Buffett says he doesn't think the stock market is overpriced compared with other options even though he's had trouble finding entire businesses to buy at reasonable prices. That adds to 165 million shares that Berkshire had at the end of past year.
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.
"They are not going to find $50 billion or $100 billion acquisitions that they can make at remotely a sensible price", ReCode quoted Buffett as saying at the company's annual meeting held at Omaha city in the USA state of Nebraska.
WH adviser said Trump wasn't initially aware of payments to Stormy Daniels
Conway added that she did not know of the Daniels payment or any other payments when she worked on Trump's winning 2016 campaign. There's even a jab at Kanye West , who Baldwin's Trump jokes is about to become the White House's new chief strategist.
Analysts surveyed by FactSet expected operating earnings of $2.08.
"I'm thrilled to see them re-purchasing stocks", Buffett advised Berkshire shareholders at the conglomerate's annual assembly.
Charlie Munger, Berkshire Hathaway's Vice Chairman stated during the meeting about trading in digital assets as "just dementia".
Despite the Apple purchase, Berkshire ended the quarter with $108.6 billion of cash and equivalents, giving Buffett ammunition to make one or more "huge" non-insurance acquisitions he has said he wants. "There are some pretty good moats around", he said. "Yet the costs keep going up".
NICO actually earned slightly fewer premiums in the period, but generated an underwriting profit thanks to more stable performance, reporting a gain of $23 million, much better than the -$269 million underwriting loss of the prior year.