Page 97 - Greg Abel News Today

T HE ANNUAL shareholders’ meeting of Berkshire Hathaway has been dubbed “Woodstock for capitalists”, so large is the throng it usually attracts. For the second year running, though, thanks to covid-19, the groupies have been denied their close-up love-in with Warren Buffett. The event on May 1st was online only, with Mr Buffett joined on screen by his longtime sidekick and fellow nonagenarian, Charlie Munger—a headline act that makes the Rolling Stones look like striplings. Listen to th...

A T 90, WARREN BUFFETT continues to lead Berkshire Hathaway, wearing the three hats of chief executive, chairman and chief investment officer. For years, the question of whom the feted investor would anoint as his successor to run the giant conglomerate has been the subject of boardroom gossip. The world now knows the answer, though only because of a slip of the tongue by Mr Buffett’s 97-year-old right-hand man, Charlie Munger, at the annual shareholders’ meeting on May 1st. That forced Mr ...

© Houston Cofield/Bloomberg via Getty Images Berkshire Hathaway, the holding company of legendary investor Warren Buffett, has held its annual shareholder meeting. The event, dubbed “Woodstock for capitalists”, has been happening virtually because of the pandemic . It yielded the usual mixture of folksy commentary and gnomic wisdom. Buffett said that the US economy is “red hot” and Berkshire’s portfolio of businesses “is seeing substantial inflation”. He joked that Charlie Munge...

In Britain, BT has decided that the £5billion or so it has spent on football rights is not the best of investments, and chief executive Philip Jansen wants more focus on delivering fibre for UK broadband users.  New York telecoms behemoth Verizon Communications is on a similar journey – it is disposing of its media brands Yahoo! and AOL to private equity. It also has disposed of blogging platforms Tumblr and Huff Post. Verizon found it hard to compete in the digital advertising space with o...

City investors are more likely to know the details of Buffett's unusual diet than the name Greg Abel

As a Buffettologist, I can help you to understand what made breaking news last Saturday at Berkshire Hathaway’s virtual shareholder meeting.

A roundup of investment ideas for active investors

Berkshire Hathaway stock rises after Buffett successor revealed Quartz 3 hrs ago John Detrixhe © Provided by Quartz Berkshire Hathaways chairman and chief executive officer Warren Buffett and vice chairman Charlie Munger speak at Berkshires annual meeting, held virtually for a second year, in Los Angeles, California, U.S. May 1, 2021 It’s all but impossible to imagine Berkshire Hathaway without Warren Buffett as its chief. But stock investors appear sanguine about the dec...

At the May 1, 2021 Berkshire Hathaway annual meeting, a shareholder proposal for climate reporting by the parent company received more than one-third of the vote. This is a strong signal that sophisticated institutional investors are tired of Mr. Buffetts and Mr. Mungers stonewalling on climate.

Charles Savage joined the BizNews Power Hour for a lively discussion on the recent unpopularity of Buffett and Munger among retail investors.