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Warren Buffett: Ahead of the meeting, Berkshire reported first-quarter earnings that showed that its cash pile swelled to $189 billion as of March 31 while the size of its stake in Apple fell. Based on changes in Apple's stock price, Berkshire appeared to have sold 13% of its Apple shares in the quarter.
OMAHA, Nebraska (Reuters) -Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker. Speaking at Berkshire’s annual meeting, the legendary investor paid tribute to his late business partner Charlie Munger and said he expected the conglomerate’s cash pile, now a record $189 billion, to keep growing. The meeting was the 60th for Buffett, who since 1965 transformed Berkshire from a failing textile company into an $8...
Don Hankey, the billionaire businessman whose company Knight Specialty Insurance provided the $175 million bond that Donald Trump posted in his New York civil fraud case, told Reuters that the... -April 05, 2024 at 03:10 pm EDT - MarketScreener
By Koh Gui Qing NEW YORK (Reuters) - Don Hankey, the billionaire businessman whose company Knight Specialty Insurance provided the $175 million bond ...
By Samuel Indyk and Koh Gui Qing