Thousands of people fill arena to hear from Warren Buffett

Thousands of people fill arena to hear from Warren Buffett

Buffett shared some similar thoughts on the bill at the annual Berkshire Hathaway shareholders meeting on Saturday.

In the case of Google, however, Buffett said he could have figured out the company had a great advertising business because he was, in effect, contributing to its profits.

Driverless vehicles are perhaps inevitable, he said, but the timetable for their commercial use depends on their initial performance.

"I can't think of any business where [Berkshire Hathaway is] in where our tax rate puts us at a - and we're in a lot of businesses - significant disadvantage with foreign countries", Buffett told CNBC's Becky Quick.

"In retrospect, I think we were smart enough to figure out Google early, and we didn't", Munger said.

Buffett told the more than 30,000 people who attended the annual meeting that flawed compensation systems - such as the arrangement that rewarded Wells Fargo employees for meeting aggressive sales goals - can promote the wrong behavior.

"The parties hate each other so much, they both get quite irrational", Munger said.

"They actually have to do something", Buffett said.

'Star Wars: Episode IX' gets summer 2019 release date
More details on the VR content and availability for the Star Wars: The Last Jedi VR activation will be announced at a future date. In the meantime, there will be plenty of Star Wars content for fans of the franchise to consume.

Brilliant Marcus Rashford free-kick gets Manchester United in front
The Man United fans expect more than sitting back and taking a 0-0 draw so I think we are going to have even more space, although we should have probably kept it 0-0".

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But the House Freedom Caucus, who helped deliver the killing blow to the original replacement bill, supported the latest version. After a decade of being in the political wilderness, House Republicans have realized that they're in charge: President Donald J.

Berkshire voted its near 10% stake in favour of the board at the bank's AGM on April 25 and prevented stunning no votes against the board from disaffected shareholders of all sizes.

Billionaire Warren Buffett paid tribute to Vanguard founder Jack Bogle at Berkshire Hathaway's annual meeting Saturday.

Global businessman and investor Warren Buffett, also known as Oracle of Omaha, in an exclusive interview to ET NOW spoke on a range of topics, including the nature of business and markets in India.

Gates said any tax cut was unlikely to benefit businesses in the tech sector but would most likely help shareholders. I've admired Jeff, and I've admired him for a long, long time. Buffett has said most of the money he is leaving for his wife after his death will be invested in a Vanguard S&P 500 index.

Other recent Berkshire subsidiary CEO turnovers include Cathy Baron Tamraz, who retired as CEO of press-release distributor Business Wire Inc., and was succeeded by Geff Scott.

Warren Buffett is quietly installing a new set of leaders throughout Berkshire Hathaway Inc. Still, Buffett said that layoffs were sometimes necessary to make companies more productive.

Seventy-year-old Dave Mueller flew out from Denver, Colorado, for his fourth meeting because he loves hearing the 86-year-old Buffett and 93-year-old Munger talk.

Buffett plans to play bridge with shareholders at Borsheims. While Buffett met Mr. Peanut at the Kraft Heinz booth, Miami Dolphins defensive lineman Ndamukong Suh wandered a few feet away without a crowd.

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