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Warren Buffett Adds $15.4 Billion, Influenced by Todd Combs and Ted Weschler, Holds $348 Billion Cash, Prepares Greg Abel as Berkshire Hathaway CEO | DeepNewz VC

deepnewz

deepnewz · 2m ago

Warren Buffett Adds $15.4 Billion, Influenced by Todd Combs and Ted Weschler, Holds $348 Billion Cash, Prepares Greg Abel as Berkshire Hathaway CEO | DeepNewz VC

Warren Buffett has added $15.4 billion to his portfolio, influenced by his investment managers, Todd Combs and Ted Weschler. A key takeaway from Inc.com is the importance of following a consistent investment strategy to build significant wealth, while avoiding major financial mistakes.

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Warren Buffett to Hang His Boots As Berkshire Hathway CEO After 55 Years, Proposes Greg Abel as Successor

OutlookIndia

OutlookIndia · 3m ago

Warren Buffett to Hang His Boots As Berkshire Hathway CEO After 55 Years, Proposes Greg Abel as Successor

Warren Buffett, the iconic CEO of Berkshire Hathaway, announced his retirement after 60 years, proposing Greg Abel as his successor. Abel, already managing the non-insurance operations, will also oversee insurance and investment decisions. Despite retiring, Buffett plans to retain his shares, underscoring confidence in Berkshire's future under Abel. His tenure saw a remarkable 19.9% annual return, doubling the S&P 500’s performance. Abel's promotion represents a significant, albeit expected, generational transition at Berkshire Hathaway.

Warren Buffett-led Berkshire Hathaway to hold AGM, release Q1 results on May 4

Livemint

Livemint · 1y ago

Warren Buffett-led Berkshire Hathaway to hold AGM, release Q1 results on May 4

Berkshire Hathaway Inc is set to announce its first-quarter earnings on May 4, 2024, followed by its Annual Shareholders Meeting on the same day. The meeting will include a Q&A session with Chairman Warren Buffett, Vice Chairman Greg Abel, and Vice Chairman Ajit Jain.

Berkshire Hathaway Board Votes to Keep Warren Buffett Chair, Greg Abel to Take Over as CEO By 2025-end

OutlookIndia

OutlookIndia · 3m ago

Berkshire Hathaway Board Votes to Keep Warren Buffett Chair, Greg Abel to Take Over as CEO By 2025-end

Warren Buffett has announced his intention to step down as CEO of Berkshire Hathaway, remaining as chairman. Greg Abel, a long-time executive overseeing the firm's non-insurance businesses, will succeed Buffett as CEO by the end of 2025. The transition was announced at Berkshire’s annual shareholder meeting. Despite the leadership change, the board’s decision to retain Buffett as chairman provides reassurance to shareholders, especially during turbulent market conditions prompted by geopolitical events and trade tensions.

Warren Buffett to Step Down as Berkshire Hathaway CEO; Greg Abel Named Successor, Buffett Remains Chairman

deepnewz

deepnewz · 2m ago

Warren Buffett to Step Down as Berkshire Hathaway CEO; Greg Abel Named Successor, Buffett Remains Chairman

Warren Buffett, age 94, will step down as CEO of Berkshire Hathaway at the end of 2025, with Greg Abel named as his successor. Buffett will remain as chairman of the board. In the first quarter of 2025, Berkshire Hathaway exited its positions in Citigroup and Nubank, reduced its stake in Bank of America by over 48 million shares, and cut its holdings in Capital One by 4%. On the buying side, the company doubled its position in Constellation Brands, increased its stake in Pool Corp by 144%, and raised its holdings in Domino’s Pizza by 10%.

Warren Buffet pays tribute to Charlie Munger in letter to shareholders

Livemint

Livemint · 1y ago

Warren Buffet pays tribute to Charlie Munger in letter to shareholders

Warren Buffett praised his late partner, Charlie Munger, as the architect of Berkshire Hathaway in his annual letter to shareholders. This is Buffett's first letter without Munger, who passed away in November 2023. Buffett credits Munger with shaping Berkshire's success and guiding him away from bad investment habits. Berkshire Hathaway reported strong fourth-quarter earnings, with its insurance business benefiting from improved underwriting. The conglomerate's net income reached a record $96.2 billion, boosted by the rising stock market. Berkshire also spent $9.2 billion on share repurchases in 2023.

Buffett’s possible final shareholder Q&A. Where to watch BusinessToday

Business Today

Business Today · 3m ago

Buffett’s possible final shareholder Q&A. Where to watch BusinessToday

Warren Buffett, the 94-year-old investing legend, is expected to discuss key issues at the 2025 Berkshire Hathaway Shareholder Meeting. Topics include succession planning and changes in the company's highly observed portfolio. This event might be Buffett's final shareholder Q&A session, drawing significant attention from investors and stakeholders eager for insights into the future direction of Berkshire Hathaway.

Warren Buffet's Berkshire Hathaway Q3 net loss widens to $12.77 billion

Livemint

Livemint · 1y ago

Warren Buffet's Berkshire Hathaway Q3 net loss widens to $12.77 billion

Berkshire Hathaway, headed by Warren Buffett, reported a net loss of $12.77 billion for the third quarter, primarily due to a decline in stock prices. However, the company's operating profit rose by 41% to $10.76 billion, mainly driven by improved results from its insurance operations. Berkshire Hathaway repurchased $1.1 billion of its own stock during the quarter, marking a total of about $7 billion repurchases for the year.

Warren Buffett to donate $6B to five foundations

YourStory

YourStory · 1m ago

Warren Buffett to donate $6B to five foundations

Warren Buffett is donating $6 billion worth of Berkshire Hathaway stock to five foundations, increasing his total contributions since 2006 to approximately $60 billion. The largest portion, 9.4 million shares, will go to the Bill and Melinda Gates Foundation. Other recipients include the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation. Buffett emphasizes his conservative investment approach and attributes his wealth to sound decisions, the American market, and compounding effects.

'That taboo...always made me nervous': Warren Buffett slams corporates' aversion towards this word, but lauds Amazon

Business Today

Business Today · 5m ago

'That taboo...always made me nervous': Warren Buffett slams corporates' aversion towards this word, but lauds Amazon

Warren Buffett acknowledged mistakes in capital allocation and management at Berkshire Hathaway, highlighting errors in stock investments and acquisitions as inevitable. He emphasized that postponing corrective actions is a major flaw. Evaluating managers' abilities and integrity poses a significant challenge. Buffett criticized corporations for portraying managerial infallibility and praised Amazon for its candidness in its 2021 investor letter, where it openly discussed missteps, breaking the trend of silence on corporate errors.

Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple

Livemint

Livemint · 1y ago

Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple

Berkshire Hathaway, led by Warren Buffett, sold around 1% of its stake in Apple during Q4 2023, leaving it with a 5.9% stake valued at $167 billion. This move comes as Apple faces various challenges, including regulatory scrutiny and declining sales. Berkshire also reduced its position in HP but increased its stakes in Chevron and Occidental Petroleum. Investors await Buffett's annual letter, scheduled to be released on February 24.

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