Charlie Munger, the second-in-command to Warren Buffett at Berkshire Hathaway, has died at the age of 99, according to his family. Mr. Munger died peacefully in his sleep on the morning of Nov. 28 at a California hospital, members of his family told Berkshire Hathaway, which announced news of his passing. Famous for the quote […]
Billionaire Warren Buffett said during Berkshire Hathaway’s annual meeting in Omaha that he’s bullish on America’s economic prospects despite the bitter political divisions of today, although value investors like himself should get used to “making less” in part because so many are following similar strategies. In the annual event that Buffett calls the “Woodstock for […]
Warren Buffett’s investment giant is dumping even more of its Chinese holdings. Berkshire Hathaway began selling off shares of Chinese electric vehicle market BYD last August. Since then, it’s reduced those holdings by more than a third. Based on a stock exchange filing, Berkshire sold off 4.2 million of the Hong Kong-listed shares in exchange […]
Berkshire Hathaway is trimming its stake in Chinese electric vehicle maker BYD again. The investment company owned by Warren Buffett sold $34 million worth of the shares recently. That stake is listed in Hong Kong. The latest sale lowered Berkshire’s holdings in BYD total issued Hong Kong-listed shares to below 15 percent. That means Berkshire […]
Warren Buffett seems to be offloading his Chinese investments. The top investor has sold some of Berkshire Hathaway’s stock in a Chinese car company. To replace them, he purchased stock from a Taiwanese manufacturer.
Berkshire Hathaway, the massive conglomerate run by billionaire Warren Buffett, posted a nearly $50 billion net loss in the first quarter—the biggest loss ever for the storied company. Berkshire, which owns companies including Geico auto insurer, Burlington Northern Santa Fe railroad, Dairy Queen, Duracell, and many other financial, industrial, and consumer firms, has been hit […]
At 86, Berkshire Hathaway Chairman Warren Buffett is still going strong. He is young next to his 93-year-old Vice Chairman Charlie Munger. The two have built a long-lasting, money-making investment empire. Yet every day Buffett still eats the same cheap meal in the same diner where he has eaten for over 50 years. Buffett is […]
