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OMAHA, Nebraska -Tens of thousands of people descended on Omaha, Nebraska to attend the annual shareholder weekend for billionaire Warren Buffett's Berkshire Hathaway. ... -May 04, 2024 at 05:59 am EDT - MarketScreener
"I would leave the capital allocation to Greg and he understands businesses extremely well," Buffett said at Berkshire's annual meeting.
Buffett said he will continue to own Apple even as they do not mind holding cash under current market conditions
A big cash pile protects the above-average core operations of this stellar company.
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...