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.
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.
"I was impressed with Jeff early".
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The country's coffer ticked up for the third month to $3.03 trillion in April , after falling below $3 trillion in January. Mnuchin said it was a way to save money so that they could spend more on the military, but he told Sen.
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.
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.
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.
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.
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.
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Second, Trump got angry when Comey not only ignored his suggestion but instead publicly confirmed the investigation's existence. It did not deny the Times report that Trump was critical of Comey to the Russians the day after he fired him.
The soft global cargo market helped push yield down 10.7 percent though, contributing to a revenue decline of SGD$89 million. SIA said this was affected by a 3.8 per cent contraction in passenger yield and a 1.4 per cent decline in passenger traffic.
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Nicki to open Billboard Music Awards
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