"The main problem was they didn't act".
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.
Colorado man to be freed early now in immigration custody
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.
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".
Protesting Students Walk Out On Pence's Address At Notre Dame
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Florida woman awarded $100000 for Starbucks coffee burns
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.
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.
Chelsea Manning Documentary Announced at Cannes
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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.
Tollywood actor Jayam Ravi makes Cannes 2017 red carpet debut with wife!
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".
New Laws In The UK And EU Further Restrict Tobacco Industry An estimated 700,000 premature deaths are caused each year, and cancer charities are backing the measures. The BBC reports that some have called the new standardized cartons "the ugliest color in the world".
Pence delivers commencement address at Grove College Paul Browne, a spokesperson for Notre Dame, told CNN that administrators are "not concerned" about the walkout. Sunday, just after the start of commencement.
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.
'Destiny 2' Gameplay Revealed During Bungie Studios Live Stream Event It appears Bungie took the feedback from Destiny 1 seriously, claiming that Destiny 2 has cinematic single-player campaign. Better Transportation - If you're familiar with Destiny 1 , you had to go to orbit just to get to a new planet.
Roberto Mancini odds-on favourite to replace Slaven Bilic at West Ham
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".
Oops! Bella Hadid Suffers Wardrobe Malfunction At Cannes
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 .
Sachin Tendulkar meets PM Modi to seek blessing for biopic on him
Since the film is scheduled to release on 26th May 2017, Sachin Tendulkar began his film promotion schedule as expected. He was watching the match and biting his nails while seeing what's happening.
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.