Page 33 - Becky Quick News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"It's not over," the 90-year-old investor said. "I mean, in terms of the unpredictability...it's been very unpredictable, but it's worked out better than people anticipated for most people and most businesses. And it's just, for no fault of their own, it's just decimated all kinds of people and their hopes." Covid created 'fabulous success' For some businesses like auto dealers, the pandemic even brought on windfall profits, said Charlie Munger, vice chairman of Berkshire and Buffett's longtime business partner. "It didn't create just a return to normal; it created fabulous success they didn...

"It's not over," the 90-year-old investor said. "I mean, in terms of the unpredictability...it's been very unpredictable, but it's worked out better than people anticipated for most people and most businesses. And it's just, for no fault of their own, it's just decimated all kinds of people and their hopes." Covid created 'fabulous success' For some businesses like auto dealers, the pandemic even brought on windfall profits, said Charlie Munger, vice chairman of Berkshire and Buffett's longtime business partner. "It didn't create just a return to normal; it created fabulous success they didn...

Don't worry Bob, the New York Times and people like Janet Yellen have informed us that there are policies in place to mitigate runaway inflation. I mean sure Biden wants to spend 8 trillion dollars this year, and sure the only tools the Fed will have is raising interest rates that will effect the interests on the debt. I trust our thought leaders on this issue regardless. I mean clearly there is a plan, because doing something so reckless could only come from a half dead guy who surrounds himself with partisan hacks who care more about getting their political whims pushed out rather than havi...

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. Buffett's and Mr. Munger's stonewalling on climate.

While wide-moat-rated Berkshire Hathaway's (BRK.A) (BRK.B) annual meeting has always been entertaining, it hasn't generally been a big source of meaningful insight into the firm's operations. This year's event, which had the feel of past meetings--with CEO Warren Buffett and Charlie Munger joined by Ajit Jain and Greg Abel on a stage that resembled the one in Omaha taking questions directly from Becky Quick--was likely more comfortable for shareholders. That said, we feel that it was lacking in enough good quality questions aimed at the managers about the inner workings of Berkshire's busines...