Still, Buffett's support of current management and board was key to ensuring the re-election of the entire board last month.
"I thought it would do much better", Buffett admitted.
When Warren Buffett was asked why he's not buying Amazon shares, the billionaire investor had a simple answer. But he said Berkshire has an internal "hotline" to flag possible misbehavior, which gets 4,000 calls a year.
Buffett noted that he has had to oversee job cuts himself, citing job losses at the original Berkshire Hathaway textile business, which shut down 20 years after he took it over.
"If I die tonight, I think the stock would go up tomorrow", he said in response to one shareholder's question.
Mr Buffett's conglomerate and 3G have worked together on a number of deals and "there's a chance we will do more and perhaps even bigger things together", he said.
"It was huge what they did on cutting taxes for the rich in this", he said of the American Health Care Act, which passed the House on Thursday and awaits discussion in the Senate. Currently, Berkshire has more than $90 billion in cash on hand.
Around 40,000 investors around the world over the weekend came to Omaha to attend Berkshire's annual meeting. "It may not be good for a given business". Berkshire bought the BNSF railroad in 2010.
Chelsea Manning Documentary Announced at Cannes Previously known as Private Bradley Manning, the soldier now identifies as a woman and underwent gender transition while in jail. Manning's defence team is intent on protecting her, while the military is keen on keeping her release low-key.
Yet Buffett and Munger stood by Wells Fargo and other Berkshire investments, including United Airlines and Coca-Cola.
As of February, Berkshire Hathaway held Apple shares worth $17B at the time, and significantly more today.
Buffett also explained that, in his view, Berkshire's investment in Apple - despite his noted aversion to investing in technology companies - was more a bet on a highly successful peddler of consumer electronics than a wager on technology per se.
Buffett said Saturday that health care costs have gone up incredibly, and are expected to continue increasing.
"It is a huge tax cut for guys like me", Warren Buffett said at the 52nd annual event, known as the "Woodstock of Capitalism".
Buffett and Munger started taking questions after the traditional shareholder movie, and after Buffett had roamed a nearby exhibit hall featuring products from Berkshire companies. Buffett recalled how Microsoft founder Bill Gates once told him he would just hire people from IIT if he were to choose one university.
Many hundreds of shareholders started lining up outside the CenturyLink Center, including several who said they got there almost five hours before doors opened at about 6:45 a.m.
The contouring trend is still going strong, as demonstrated by influential models of the moment Bella Hadid and Emily Ratajkowski. Her pale satin gown by Twinset was designed with spaghetti straps and thigh-high split, according to Vanity Fair .
He is scheduled to speak at the University of Notre Dame where a protest against him is also planned on May 21, and at the U.S. Before Pence, recent commencement speakers included prominent Republicans such as former presidential candidates Dr.
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Sony Pictures has started announcing the cast of Sony's Marvel Universe film " Venom ", which is set to release in 2018. Topher Grace played the character in Spider-Man 3 against Tobey Maguire, but less said about that, the better.
Talking about her character, she said: "It's not a straight-forward role where I follow the instructions of my director and act". She posed happily for the shutterbugs to make a long lasting impact on the global arena. "I'm usually happy around people".
Bilic said the club have activated an extension clause in goalkeeper Adrian's contract, which was due to expire this summer. States and we were missing a few players. "But hopefully we are going to be successful in finishing those transfers".
Chicago went ahead to stay with five runs in the second against Scott Feldman (2-4), who was chased in the third. The benches cleared briefly after the top of the third when Cueto and Grandal exchanged words.
She accepted a Venti size cup of Pike's Place coffee, and as she attempted to hand it to her passenger, the cup's lid popped off. A U.S. woman has been awarded more than $100,000 (£77,000) after being severely scalded by a cup of Starbucks coffee.
She said the sanctions are proof of "the United States authority and leadership in the destabilization of Venezuela". Trump may also seek Colombia's help stemming the flow of drugs into the US from Latin America.
Lima-Marin was a Cuban immigrant who came to the United States with his parents as a toddler during the 1980 Mariel boatlift. He said, 'Did you hear?' And I was like, 'Yeah, ' and I could just hear his smile", said Jasmine Lima-Marin.
Titans linemen chug beer to hype Predators fans in Game 3
Anaheim had led 1-0 through 40 minutes but lost for the first time in the postseason when defending a lead in the third period. The Tennessee Titans, who don't make the playoffs often as of late, chose to take the opportunity to show their excitement.
'WannaCry' ransomware attack: What we know
The virus, which took control of users' files, spread to 100 countries, including Spain, France and Russian Federation . The software can run in 27 different language, according to US cybersecurity officials.
Flynn blocked military move Turkey opposed
Saddled with steep legal bills, Flynn wanted to reconnect with old friends and talk about potential future business opportunities. Michael Ledeen, an associate of Flynn, told the website that the retired general was reluctant to join the Trump administration.
Melania Trump skips headscarf in Saudi Arabia
He declared Trump was being honoured for "his quest to enhance security and stability in the region and around the world". Trump's luxury hotel was bathed in red, white and blue lights and, at times, an image of the president's face.
Thunder's Kanter heading to US after detainment in Romania
Kanter has been an outspoken critic of Erdogan, who visited Washington this past week to meet with US President Donald Trump. Thunder forward Enes Kanter is spending at least a portion of his 25th birthday detained in a Romanian airport on Saturday.
Melania Trump skips headscarf as she arrives in Saudi Arabia
Trump waved from the doorway after Air Force One touched down and before descending the staircase with first lady Melania Trump. He declared Trump was being honoured for "his quest to enhance security and stability in the region and around the world".
Apple will reportedly reveal 3 updated MacBooks next month
The company will also update the 12-inch MacBook, the thin-and-light notebook Apple has been selling for a couple of years now. Some Apple fans think the company doesn't pay enough attention to its laptop lineup since it isn't a huge moneymaker.
Lieberman May Have Conflict For FBI Post
Lieberman seemed to agree with the sentiment, as he was photographed leaving the White House with a big thumbs up. A November 25 news release from Trump's transition team quoted Lieberman praising Trump's selection of K.T.
Michael Noonan to retire
Taoiseach Enda Kenny is in London today for a number of engagements including a speech to the Ireland Funds Great Britain group. The Mayo TD, first elected to the Dáil in 1975, confirmed his departure at a meeting of the parliamentary party this evening.
Nicki to open Billboard Music Awards
Headlined by Billboard , a publication giant in the world of music, these annual honours have been airing since 1989. If you don't have a TV login, you can still live stream the Billboard Music Awards - even for free.