Year: 2020

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Buffett defends Berkshire stock push, reassures on future as profit smashes record

February 22, 2020 admin Comments Off on Buffett defends Berkshire stock push, reassures on future as profit smashes record

Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89, also used his annual letter to Berkshire shareholders to assure they should not worry about the future of the company, which is “100% prepared” for when he and 96-year-old Vice Chairman Charlie Munger are no longer around. “I do think it’s on the right path,” said James Armstrong, president of Henry H. Armstrong Associates in Pittsburgh, which invests …read more […]

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Debris found in fuel tanks of 70% of inspected 737 Max jets

February 22, 2020 admin Comments Off on Debris found in fuel tanks of 70% of inspected 737 Max jets

Debris has been found in the fuel tanks of 70% of grounded Boeing 737 Max jets that have been inspected by the company, Boeing confirmed on Saturday. Inspectors found the debris in 35 out of about 50 jets that were inspected. Boeing temporarily halted production last month because the planes were grounded after crashes in Indonesia and Ethiopia that killed 346 people. …read more […]

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Warren Buffett Flashes ‘Urgent’

February 22, 2020 admin Comments Off on Warren Buffett Flashes ‘Urgent’

(Bloomberg Opinion) — Warren Buffett says he’s in the “urgent zone.” It’s the folksy billionaire’s way of calling himself old. But even as Buffett approaches 90, the spotlight-loving chairman and CEO of Berkshire Hathaway Inc. isn’t ready just yet to talk about who will run his giant company when he’s gone. He still has more to say, and more to do — and that could make for an interesting year ahead.Buffett’s annual letter of intrigue arrived Saturday morning, a roundup of thoughts that the Oracle of Omaha has been publishing for six decades. It’s evolved over time into what reads …read more […]