Warren Buffett's Berkshire Hathaway

Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures. Berkshire said Monday that one of its two investment managers besides Buffett who has also served as CEO of Geico for several years, Todd Combs, and longtime Chief Financial Officer Mac Hamburg are both departing. Combs is taking a job helping JP Morgan decide how to invest USD 10 billion while serving as a special advisor to CEO Jamie Dimon while Hamburg is retiring after 40 years. Combs' departure is the most significant news in the announcement that also included creating the jobs of general counsel and a new manager of the many retail and consumer businesses Berkshire owns, But now the question is whether insurance Vice Chairman Ajit Jain, investment manager Ted Weschler and all the CEOs of Berkshire's myriad businesses will remain. There's still two elephants in the room: what's Ajit Jain going to do and wh

Warren Buffett's Berkshire Hathaway has sold its entire stake in Chinese EV maker BYD, ending a 17-year investment that grew more than 20 times in value

Warren Buffet has realised that 'buy and hold till death' may not always be the best strategy while investing. We now see that he's more open to selling, when needed, Agrawal said.

The famed investor delivered a more than 5,500,000 per cent return on Berkshire's stock as he turned a once-failing textile firm into the most valuable company

Warren Buffett offered fresh insights into his investing philosophy, particularly his long-standing preference for studying balance sheets over income statements when evaluating a business

Greg Abel, a Canadian executive with deep roots in energy and a long tenure at Berkshire, is set to succeed Warren Buffett as CEO of the conglomerate in 2025

Buffett said during the meeting he was concerned about the US deficit and thought the United States faced problems that need to be solved, including bureaucracy

Greg Abel, the vice chairman for non-insurance operations, will take charge of the conglomerate upon board approval, Buffett, 94, said Saturday at the company's annual shareholder meeting

Warren Buffett's Berkshire Hathaway is set to receive $776 million in dividends from Coca-Cola in 2024, thanks to a raised quarterly payout, marking a 30-year investment

The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting

With the recent sell-offs, Warren Buffett-led Berkshire Hathaway has raised its cash position relative to total assets in the June quarter to 25 percent

Berkshire recently sold 1.3 million Hong Kong-listed BYD shares for HK$310.5 million ($39.8 million)

The size of Berkshire's stake in Apple stake fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter

Buffett assured shareholders that 'unless something dramatic happens' that really changes Berkshire's capital allocation, it will have Apple as its largest investment

The Omaha, Nebraska-based firm posted higher operating earnings, which briefly boosted a stock that's been been crawling toward the trillion-dollar club since it notched an all-time high last year

Munger was also "a generous philanthropist who provided unfiltered advice and refreshing opinions which positively impacted businesses worldwide," Sloan said

At Thanksgiving I have much to be thankful for, Warren Buffet said in a statement Tuesday, announcing that he had gifted 2.4 million Class B shares of Berkshire Hathaway stock to charitable foundations run by his children. The gifts to The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation and NoVo Foundation total approximately USD 876 million and are in addition to the regular donations he makes each summer to those foundations and the Bill and Melinda Gates Foundation. This is the second year that Buffett has made additional gifts to the family foundations around Thanksgiving. "My children, along with their father, have a common belief that dynastic wealth, though both legal and common in much of the world including the United States, is not desirable," Buffett said in the statement, adding that after his death, his children would act as trustees of a charitable trust that would inherit 99 per cent of his wealth. The testamentary trust w

Investor Warren Buffett recommitted to his favourite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway's stock portfolio. Berkshire provided a quarterly update on its US holdings on Monday in a filing with the Securities and Exchange Commission. Many investors follow the company's moves closely because of Buffett's remarkably successful investing record over the decades. Berkshire slightly increased its 179.4 million share stake in Bank of America stock while eliminating long-time stakes in US Bancorp and the Bank of New York Mellon. Buffett has eliminated a number of bank investments in recent years, but he continues to back Bank of America. Berkshire also picked up nearly 10 million shares of Capital One stock. The quarterly filings don't identify which investments Buffett made and which ones were done by one of Berkshire's two other investment managers, but Buffett generally handles all of ...

Berkshire has spent this year wagering more on Occidental after first making a bet on the Houston-based oil company three years ago

After years of sitting on an over 20 per cent stake in China's BYD Co, Warren Buffett's Berkshire Hathaway may be mulling an exit