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.
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.
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism.
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.
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.
Protesting Students Walk Out On Pence's Address At Notre Dame
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.
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
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.
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.
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.
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 .
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.