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Kevin Lamarque/Reuters Berkshire Hathway expanded its board of directors to 14 members from 12. Gregory E. Abel and Ajit Jain are being added as directors. Warren Buffett and Charlie Munger will retain their positions on the board. (AP) — Warren Buffett’s Berkshire Hathaway is adding Gregory E. Abel and Ajit Jain as directors, boosting the size […]
Drew Angerer/Getty Images Warren Buffett cashed out of his $ 315 million position in General Electric, signaling the end of an era and an uncertain future for the $ 217 billion conglomerate. The company has underperformed in recent years. While the S&P 500 returned more than 35% to investors over the past three years, GE […]
Drew Angerer/Getty Images Warren Buffett cashed out of his $ 315 million position in General Electric, signaling the end of an era and an uncertain future for the $ 217 billion conglomerate. The company has underperformed in recent years. While the S&P 500 returned more than 35% to investors over the past three years, GE […]
Reuters/Dado Ruvic Here is what you need to know. A bunch of indicators are warning of ‘a break in the stock market.’ “The market capitalized indexes are dominated by names such as Amazon, Microsoft and Johnson and Johnson,” according to Brad Lamensdorf, the portfolio manager of the short-only Ranger Equity Bear ETF. The good performance […]
US Air Force Warren Buffett sees cyber attacks as a bigger threat to humanity than nuclear weapons. “I’m very pessimistic on weapons of mass destruction generally although I don’t think that nuclear probably is quite as likely as either primarily biological and maybe cyber,” Buffett said during Berkshire Hathaway’s annual shareholders’ meeting on Saturday. “I don’t know […]
Business Insider/Corey Protin The first analyst question at Berkshire Hathaway’s annual meeting on Saturday was about the threat of self-driving technology. “If they make the world safer it’s going to be a very good thing, but it won’t be a good thing for auto insurers,” Buffett said. Self-driving cars have moved from a futuristic dream to a technology […]
