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Buffett Slows Buybacks, Sells Stocks With Market at Highs

Buffett Slows Buybacks, Sells Stocks With Market at Highs
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Warren Buffett Sees a 'Red Hot' Economy With Creeping Inflation


Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation
SYNDICATED 11 hours ago
(Bloomberg) Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.Buffett attributed the faster-than-expected. ....

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Buffett Defends Berkshire's Chevron Ownership


The billionaire investor also called failed shareholder proposals to produce diversity and climate reports asinine.
(Bloomberg) Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.
“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.
Buffett attributed the faster-than-expected recovery to swift and decisive rescue measures by the Federal Reserve and U.S. government, which helped kick 85% of the economy into “super high gear,” he said. But as growth roars back and interest rates remain low, many including Berkshire are raising prices and there is more inflation “than people would have anticipated six months ago,” he said. ....

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Buffett Tells CNBC Abel Would Succeed Him If He Were to Leave


May 03 2021, 7:54 PM
May 03 2021, 3:56 PM
May 03 2021, 7:54 PM
(Bloomberg) Warren Buffett said Greg Abel, Berkshire Hathaway Inc.’s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down.
(Bloomberg) Warren Buffett said Greg Abel, Berkshire Hathaway Inc.’s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down.
The board agrees that Abel, 58, would take over if anything were to happen to the 90-year-old chief executive officer, Buffett told CNBC. Abel had been seen as the most likely candidate.
Succession decisions had been a closely guarded secret at the conglomerate, even while the firm assured investors that it had a detailed plan in place. Ajit Jain, 69, was also often viewed as a potential pick given Buffett’s praise of the Berkshire vice chairman, who runs the insurance businesses. But age was a determining factor in the sel ....

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