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Expand "Bernie Sanders Has Won": Munger Says Millennials Will Have "A Hell Of A Time Getting Rich Compared To Our Generation" by Tyler Durden Saturday, May 01, 2021 - 07:40 PM The Berkshire Hathaway Annual shareholder meeting which, saw a return of both Warren Buffett and his perpetual sidekick, Charlie Munger, to the podium after a one year covid hiatus, is over after almost six grueling hours of back and forth between the two billionaires, Becky Quick, and a cast of supporting characters, most of whom are probably also billionaires. We will do a full post-mortem shortly of all the highlight...

by Tyler Durden Sunday, May 02, 2021 - 02:03 PM While it's hardly a surprise that Warren Buffett and his trusty, 97-year-old sidekick Charlie Munger, bash bitcoin at every opportunity - after all, there is no greater threat to crony billionaires than a decentralized monetary system that replaces the central bank-created fiat fraud that made them so gloriously wealthy - it was surprising that it took more than three hours into yesterday's Berkshire annual meeting Q&A for the Bitcoin question to finally pop up before the notoriously bitcoin-hating duo, only to be cut off quick: Buffett made it...

Warren Buffett Hails Tim Cook, Charlie Munger Calls Big Tech 'Credit to Civilization' at Berkshire Meeting Cynthia Littleton, provided by FacebookTwitterEmail Warren Buffett gushed over the management and leadership skills of Apple CEO Tim Cook on Saturday as the renowned investor presided over Berkshire Hathaway’s annual shareholders meeting. Buffett compared Cook to legendary Apple co-founder Steve Jobs, noting that while Jobs was a tech and business visionary, Cook has had a huge impact on the company’s climb to a $2 trillion-plus market valuation. More from Variety Berkshire Hathaway...

Senator Elizabeth Warren appeared on CNBC last week, sparring with hosts Becky Quick and Joe Kernan over stock buybacks. Both sides here either forget about, miss, or fail to prioritize the key behavioral incentives that drive this activity. It is true that company managers are shareholder agents—and are obligated to pursue projects to the end of wealth maximization. If the managers perceive that they do not have enough net present value–positive projects to pursue, they often pay dividends or do share buybacks. However, it is also true that the practice of share buybacks does lead to in...

Go Nakamura/Getty Images Texas and Mississippi are lifting COVID restrictions too soon. To get people to wait, you need to level with them about how long they'll be waiting. That message should be "weeks, not months," because of the rapid vaccine rollout. This is an opinion column. The thoughts expressed are those of the author. Why is Scott Gottlieb the only person who seems to be any good at this? On CNBC Wednesday, anchor Becky Quick asked Dr. Gottlieb, the former FDA director and a Pfizer board member, whether Texas' immediate lifting of statewide COVID restr...