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Warren Buffett spent Saturday speaking to Berkshire Hathaway (BRK-A, BRK-B) investors as well as the rest of the world at the 2019 Annual Shareholder Meeting, which was exclusively streamed live on Yahoo Finance.
Known as the “Oracle of Omaha” for his track record of picking winning investments, Buffett was joined by his right-hand man Charlie Munger, vice chairman of Berkshire.
Here are our highlights
Buffett: I'm a 'card-carrying capitalist,' rejects US embrace of socialism: At Berkshire Hathaway’s annual meeting, Chair Warren Buffett dispelled any doubts about his commitment to the free market democracy. "I'm a card-carrying capitalist,” he said.
Buffett defends Berkshire's Amazon stock purchase: Legendary investor Warren Buffett was questioned on Saturday whether Berkshire Hathaway is straying from its value investing roots by investing in Amazon.
Why Buffett feels worse about missing Google than Amazon: Warren Buffett and his right-hand man Charlie Munger regret not investing in Google (GOOG, GOOGL). "I don't mind not having caught Amazon (AMZN) early," Munger said at the annual shareholders meeting.The missed gains on Google is a different story.
Buffett and Munger defend Wells Fargo's disgraced CEOs: Warren Buffett and Charlie Munger were asked about Wells Fargo’s (WFC) fake bank account scandal. “I don’t think people ought to go to jail for honest errors of judgment. It’s bad enough to lose your job,” Munger said. “I wish Tim Sloan was still there.”
Munger: Bitcoin investors celebrate 'Judas Iscariot' at their happy hours: With bitcoin’s (BTC-USD) price having crashed to about one-third of its heyday high, Buffett and Munger joked around about the once red-hot investment Saturday.
Buffett doesn't practice what he preaches on index investing: Warren Buffett is just fine with Berkshire Hathaway's low-yielding stash of cash and U.S. Treasury Bills. The $110.5 billion arsenal affords Buffett opportunities to pounce on juicy deals.
Buffett: Companies in distress are increasingly turning to Berkshire Hathaway: Famed investor Warren Buffett built a reputation where companies would call him, especially during periods of distress, seeking a financial lifeline.
Buffett and Munger sound off on Brexit: The United Kingdom’s chaotic effort to divorce itself from the European Union was “a mistake” that hasn’t lessened Warren Buffett’s ability to buy a British-based asset, the billionaire investor said.
Buffett describes his most fun investment outside of Berkshire: What are Warren Buffett’s most fun investments outside of Berkshire Hathaway? Usually the ones where you make the most money, he said. But Buffett has one in mind, a peculiarly tiny company that was actually a duck hunting club.