Berkshire also cut its stake in IBM by 32 percent, or 17.06 million shares, in the third quarter, according to a required quarterly filing with the U.S. Securities and Exchange Commission released Tuesday. The stock is the third-worst performer in the Dow Jones industrial average this year, down 10.3 percent.
This is about Rs 17000 crore more than what India has just announced to recapitalise the country's public sector banks
A look at top cues from domestic and international cues that could have a bearing on D-Street.
Buffett had once said that next CEO should run the company for at least ten years, implying the person should be younger
Over the last five years, Indian companies seem to have taken a leaf out of Buffett playbook while rewarding shareholders.
Buffett's Berkshire Hathaway conglomerate owns Geico and several other insurers, so his company will be helping people rebuild.
The 3 percent threshold is what President Donald Trump and his administration want to achieve for gross domestic product growth.
He has constantly been ranked as one of the richest persons in the world and currently is at the top of the list. Buffet was awarded the US Presidential Medal of Freedom in 2011
Much like the famed Buffett, Jhunjhunwala has made a fortune from some savvy investments - Forbes magazine puts his net worth at USD 2.6 billion, ranking him 53rd on India’s rich list.
As the Oracle of Omaha describes it: I would say that history is on our side, but it’d be more fun if the phone would ring
The market Cap-to-GDP ratio also known as Warren Buffett indicators is trading at its long term averages which is a positive sign while the S&P BSE Sensex return on equity (ROE) of 14.3 percent is well below long term averages.
We applied Buffett’s investing framework to see if the Cochin Shipyard’s IPO is worth applying for.
The deal is a bold bet by Buffett that he can win approval for the acquisition from Texas regulators, after they blocked two earlier attempts to sell Oncor, one of the largest U.S. power-transmission networks, to other companies.
Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third quarter.
Berkshire Hathaway Inc's commitment to provide financing to Home Capital Group Inc , Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in desperate need of cash, or at least his full-throated support.
To beat volatility, the best strategy for investors is to stay with high-quality stocks in the portfolio.
Speaking on CNBC television, Buffett said, "It's a defect of mine" that he doesn't focus as closely on the efficiency of business units at Berkshire Hathaway Inc, the conglomerate he has run since 1965.
Buffett and Berkshire Vice Chairman Charlie Munger taught and entertained shareholders as they answered more than five hours of questions at the meeting.
The key learning here for an investor from the patience Buffett is showing with the Berkshire riches is the willingness to wait for the right opportunity to buy rather than climb into a market rally.
In a big global exclusive, Warren Buffett, Chairman of Berkshire Hathaway spoke with CNBC from the sidelines of the Berkshire Hathaway AGM.
Billionaire investor Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire's 52nd annual meeting in Omaha, Nebraska.
Speaking at Berkshire's annual shareholders' meeting in Omaha, Buffett said his federal income taxes last year would have gone down 17 percent had the new law been in effect.
Watch accompanying videos of Berkshire Hathaway's 52nd annual meet wherein the oracle of Omaha is addressing the shareholders.
The Berkshire Hathaway Annual Shareholders Meeting will be held on 6 May.
India’s market cap to GDP is relatively lower than the US where the ratio stands at 148 percent, followed by Japan (131 percent), UK (118 percent), Korea (101 percent), and while for China this ratio stands at 62 percent.