The Berkshire Hathaway chairman had bought the five-bedroom home for about Rs 2.8 crore in 1958. It is currently valued at Rs 10 crore.
Highlighting current fiscal challenges, he said, “Right now, we have about a 7% fiscal gap, when probably only 3% is sustainable. The further we stray from sustainability, the closer we get to losing control.”
Warren Buffet shared his insights on various important and relevant issues including trade tariffs, DOGE, artificial intelligence, and currency debasement while announcing that Greg Abel will become the new chief executive of the firm by the year-end.
"I think it's the time has arrived where Greg should become the chief executive officer of the company at year end. And I want to spring that on the directors, effectively, and give that as my recommendation," he said.
“Lot of people have gotten very rich in the country by essentially figuring out how to get others put up the capital. And that's what people do in the money management business. And they get very, very rich because they get an override on other people's capital,” said Buffett while speaking at the annual shareholders meet of Berkshire Hathaway.
Warren Buffett said he likes to think he knows most of Berkshire’s companies, but added, 'It may be a subsidiary of a subsidiary in some way, but I really don’t know a thing about it. I’m sorry'
"But while we're being patient, never underestimate the amount of reading and work that's being done to be prepared to act quickly, because we do know... that when the opportunity presents itself, we're ready to act," said Warren Buffett while speaking at Berkshire Hathaway shareholder meet.
Speaking as a part of Berkshire Hathaway's Annual General Meeting in Omaha on May 3, Buffett suggested, “Who you associate with is just enormously important. You are going to have your life progress in the general direction of the people that you work with, that you admire, that become your friends.”
“Well, in respect to real estate, it's so much harder… in terms of negotiation of deals, time spent. The involvement of multiple parties in the ownership, usually when real estate gets in trouble, you find out you're dealing with more than the equity holder,” said Buffet at the annual shareholders meet at Omaha.
Jain, Berkshire Hathaway’s Vice Chairman of Insurance Operations, acknowledged the transformative potential of AI in the industry, but urged the need for caution and pragmatism over hype.
“The five largest holdings… were American Express Company, Apple Inc., Bank of America Corporation, The Coca-Cola Company and Chevron Corporation,” stated the first quarter report released by the company.
For the reporting period, Cash, cash equivalents, and short-term securities increased to $347.68 billion compared to $334 billion at the end of December 2024.
Berkshire Hathaway Meeting 2025: Operating profit for the Omaha, Nebraska-based conglomerate dropped 14.1% to $9.64 billion from $11.22 billion a year earlier.
Although the holdings are largely concentrated in about five or six stocks (out of a total portfolio of 40), several recent portfolio adjustments have drawn attention.
Operating earnings were $14.5 billion in the three months through December, Warren Buffett’s Omaha, Nebraska-based conglomerate said Saturday in a statement.
Howie will take over as non-executive chairman of the $1 trillion worth Berkshire Hathaway from Warren Buffett, according to a report by the Wall Street Journal.
Berkshire’s operating earnings fell 6% from a year earlier to $10.09 billion, as insurance underwriting earnings slumped.
The SEC filing said Ajit Jain sold 200 of his Class A shares at an average of $695,418 per share, just days after the Berkshire Hathaway hit the $1 trillion market cap. The share sale is 54% of Jain's total stake in Berkshire.
From Berkshire Hathaway selling over $7 billion in Bank of America stock to Donald Trump's Truth Social shares plunging, here's a look at some of the major developments from across the world.
The sale of 18.7 million BofA shares has added to Berkshire's rising cash pile, now at $277 billion.
This puts Berkshire alongside tech giants Apple, Microsoft, and other trillion-dollar companies like Nvidia, Alphabet, Amazon, and Meta.
From Nvidia's market plunge and Berkshire Hathaway's trillion-dollar milestone to Yelp's antitrust lawsuit and Salesforce's leadership change, here’s a look at recent business developments around the world.
Berkshire's holdings in cash and cash equivalents reached a record $276.9 billion at the end of June amid a recent selling spree in Apple and BofA shares, in a sign that rising prices have impacted deal activity.
At Berkshire Hathaway's annual shareholder meeting in May, chairperson Warren Buffett had said he wasn’t in a rush to spend 'unless we think we’re doing something that has very little risk and can make us a lot of money'.
Berkshire sold $75.5 billion worth of stock during the second quarter on a net basis, the Omaha, Nebraska-based conglomerate reported