1st of january marked warren buffett’s final day as the chief executive of berkshire hathaway, closing an era that reshaped modern investing. Over the last five decades or so, buffett built berkshire into one of the world’s most valuable companies. His investments have been guided by a philosophy centred on patience, productive assets and long-term value creation. As investors reflect on his legacy, one of his most debated views is his skepticism toward gold.

The 1% Club: Should Gold Be a Top Bet in Your Portfolio? 

&nbsp;The Oracle of Omaha, Warren Buffett, did not make a bet on Google in its early years — a decision he has often publicly regretted. But now, the legendary investor has come full circle. His firm, Berkshire Hathaway, has bought shares worth 4.3 billion US dollars in Alphabet Inc, and the stock of the tech giant jumped following the announcement.<h2>What Buffett did on Alphabet Inc</h2>Buffett has generally avoided technology stocks, instead focusing on cash-steady, durable businesses. Thus, Berkshire Hathaway’s newly disclosed multibillion-dollar position in Alphabet was a surprise to markets and energised investors. Buffett has repeatedly acknowledged missing early opportunities in companies like Google and Amazon. Berkshire’s third-quarter 2025 regulatory filing shows a new position of 17.85 million Alphabet shares, valued at about 4.3 billion US dollars. This marks a departure for Berkshire, which has typically favoured banking, energy and insurance stocks.<a href="https://www.wionews.com/videos/google-accused-of-unfair-search-tactics-eu-launches-new-antitrust-probe-1763046475331/embed">https://www.wionews.com/videos/google-accused-of-unfair-search-tactics-eu-launches-new-antitrust-probe-1763046475331/embed</a><h2>Why Buffett invested in Alphabet Inc now</h2>Buffett likely saw appeal in Alphabet’s enormous free cash flow, its dominant digital advertising business, growing cloud division, and emerging AI capabilities. Alphabet Inc generated roughly 88 billion US dollars in free cash flow in 2024. Its AI updates, powered by its Gemini platform, have strengthened its competitive position against rivals. For Buffett — always a value investor — these traits possibly resembled the durable economics he seeks in long-term holdings. Even amid warnings of an AI-driven stock bubble, Berkshire’s move suggests confidence that Alphabet’s fundamentals are strong enough to outweigh short-term market noise, according to analysts.Also read: <a href="https://www.wionews.com/business-economy/alphabets-gemini-ai-sparks-market-surge-paving-the-way-for-googles-technological-leap-669862">Alphabet's Gemini AI sparks market surge, paving the way for Google's technological leap</a><h2>Alphabet shares see a Buffet bump</h2>After Berkshire’s disclosure, Alphabet shares rose. The initial stake value of about 4.34 billion US dollars for 17.85 million shares contributed to a modest lift in trading, reflecting the familiar “Buffett effect”, where his investments are seen as endorsements of a company’s intrinsic value. Alphabet stock remained near recent highs, having closed at US$ 276.41 apiece, supported by strong quarterly performance, including revenue of 84.7 billion US dollars and net income of 23.8 billion US dollars in its latest reported quarter.Also read: '<a href="https://www.wionews.com/business-economy/-milestone-quarter-sundar-pichai-reveals-google-s-bumper-earnings-amid-ai-boom-1761807089387">Milestone quarter': Sundar Pichai reveals Google's bumper earnings amid AI boom</a><h2>Buffett’s Alphabet purchase: A strategic evolution for Berkshire</h2>As Buffett’s investment firm prepares for a leadership transition — with Greg Abel set to take over — the Alphabet investment signals a willingness to selectively embrace tech giants with clear competitive advantages. For Alphabet shareholders, the move adds credibility to the long-term growth story of Google’s expansive ecosystem.&nbsp;

Warren Buffett’s Berkshire Hathaway bought 17.85 million Alphabet shares worth $4.3 billion. The Google stock has seen a 'Buffet bump', signalling a rare tech bet by the Oracle of Omaha despite AI bubble concerns.


The Oracle of Omaha, Warren Buffett, did not make a bet on Google in its early years — a decision he has often publicly regretted. But now, the legendary investor has come full circle. His firm, Berkshire Hathaway, has bought shares worth 4.3 billion US dollars in Alphabet Inc, and the stock of the tech giant jumped following the announcement. What Buffett did on Alphabet Inc Buffett has generally avoided technology stocks, instead focusing on cash-steady, durable businesses. Thus, Berkshire Hathaway’s newly disclosed multibillion-dollar position in Alphabet was a surprise to markets and energised investors. Buffett has repeatedly acknowledged missing early opportunities in companies like Google and Amazon. Berkshire’s third-quarter 2025 regulatory filing shows a new position of 17.85 million Alphabet shares, valued at about 4.3 billion US dollars. This marks a departure for Berkshire, which has typically favoured banking, energy and insurance stocks. https://www.wionews.com/videos/google-accused-of-unfair-search-tactics-eu-launches-new-antitrust-probe-1763046475331/embed Why Buffett invested in Alphabet Inc now Buffett likely saw appeal in Alphabet’s enormous free cash flow, its dominant digital advertising business, growing cloud division, and emerging AI capabilities. Alphabet Inc generated roughly 88 billion US dollars in free cash flow in 2024. Its AI updates, powered by its Gemini platform, have strengthened its competitive position against rivals. For Buffett — always a value investor — these traits possibly resembled the durable economics he seeks in long-term holdings. Even amid warnings of an AI-driven stock bubble, Berkshire’s move suggests confidence that Alphabet’s fundamentals are strong enough to outweigh short-term market noise, according to analysts. Also read: Alphabet's Gemini AI sparks market surge, paving the way for Google's technological leap Alphabet shares see a Buffet bump After Berkshire’s disclosure, Alphabet shares rose. The initial stake value of about 4.34 billion US dollars for 17.85 million shares contributed to a modest lift in trading, reflecting the familiar “Buffett effect”, where his investments are seen as endorsements of a company’s intrinsic value. Alphabet stock remained near recent highs, having closed at US$ 276.41 apiece, supported by strong quarterly performance, including revenue of 84.7 billion US dollars and net income of 23.8 billion US dollars in its latest reported quarter. Also read: 'Milestone quarter': Sundar Pichai reveals Google's bumper earnings amid AI boom Buffett’s Alphabet purchase: A strategic evolution for Berkshire As Buffett’s investment firm prepares for a leadership transition — with Greg Abel set to take over — the Alphabet investment signals a willingness to selectively embrace tech giants with clear competitive advantages. For Alphabet shareholders, the move adds credibility to the long-term growth story of Google’s expansive ecosystem.

Warren Buffett’s Berkshire Hathaway bought 17.85 million Alphabet shares worth $4.3 billion. The Google stock has seen a 'Buffet bump', signalling a rare tech bet by the Oracle of Omaha despite AI bubble concerns. &nbsp;

Warren Buffett invests $4.3 billion in Alphabet Inc as Google parent stock dances to new highs

On May 3, 2025, in a moment that marked the end of an era, <a href="https://www.wionews.com/tags/warren-buffet">Warren Buffett</a>&mdash;considered as one of the all-time greats when it comes to investing&mdash;announced his plan to retire as <a href="https://www.wionews.com/tags/berkshire-hathaway" rel="dofollow">Berkshire Hathaway</a>'s CEO. At the company's annual shareholder meeting in Omaha, the 94-year-old billionaire said that Greg Abel, Berkshire's Vice Chairman of Non-Insurance Operations, would take over as Chief Executive Officer by the end of the year.
"I believe the moment has come where Greg needs to become the Chief Executive Officer of the company," Buffett said. Although the move to pass the torch was not entirely surprising, what surprised many was that Buffett's own kids&mdash;particularly his son Howard Buffett, a veteran board member&mdash;were never in the running for the top executive position.
This move, though thoroughly strategic, exemplifies the sophisticated philosophy Warren Buffett has always adopted: One that is based on merit, stewardship, and long-term retention of a singular corporate culture.
<h2>Why not Howard Buffett?</h2>
Middle child of Warren Buffett, Howard Buffett is no stranger to the Berkshire Hathaway universe. More than three decades on the board, Howard has been an integral part of its structure. He has also served in leadership positions at large organisations such as <a href="https://www.wionews.com/tags/coca-cola">Coca-Cola</a> Enterprises and ConAgra Foods, and he serves as chairman of the Nebraska State Ethanol Board. All this on his resume, and yet his next position at Berkshire is not one of day-to-day operational control but of cultural stewardship&mdash;he will become non-executive chairman.
This is not a symbolic position. As non-executive chairman, Howard will be a protector of Berkshire's principles and values, and he will make sure the company's painstakingly constructed culture is preserved. The position involves chairing the board, maintaining oversight, and intervening if any leadership change or deviation from ethics is necessary. It is a position of trust&mdash;and one that Warren Buffett feels only someone attuned to the company's soul is capable of filling.
"He is receiving it because he's my son. I'm extremely, extremely, extremely fortunate in the fact that I trust all three of my children," Buffett said in an interview with the Wall Street Journal.
<h2>The rise of Greg Abel</h2>
Though Howard will play a supervisory role, <a href="https://www.wionews.com/tags/greg-abel">Greg Abel</a>, age 62, will assume operational control. The low-key, effective leader, who has long been regarded as the heir, has spent two decades quietly presiding over Berkshire's vast constellation of non-insurance companies, such as energy, utilities, and railroads&mdash;sectors at the core of the conglomerate's expansion.
Even Abel himself was surprised by the timing of the announcement. Only the board and Buffett's two children, Howard and Susie, were told in advance. But for those who have been following the company closely, Abel's promotion is a natural, well-thought-out selection. His familiarity with Berkshire's decentralised management and hands-off approach makes him a natural to follow Buffett's leadership style.
Warren Buffett has long declared that he does not subscribe to dynastic wealth. In fact, the $140 billion in Berkshire shares set aside for his three children&mdash;Susie, Howard, and Peter&mdash;is for philanthropy, not personal gain. This move is in line with Buffett's philosophy that vast wealth must be employed for the benefit of society as a whole.
Nevertheless, his children are nowhere out of sight in the company's management. Susie Buffett was added to the board in 2021, and Peter Buffett has stayed involved in the family's philanthropic activities. Both serve different roles, not as inheritors of an empire, but as custodians of a legacy.
The handoff also coincides with an opportune time&mdash;months after the death in November 2023 of Charlie Munger, Warren Buffett's longtime business associate and intellectual equivalent. Munger, along with both men since removed from direct involvement, aided in the formative principles underlying Berkshire Hathaway of today.
Howard Buffett's role as non-executive chairman will be pivotal in this regard. "Fairness, respect, honesty, and transparency," are the values he says he's pledged to maintain.
Susie Buffett has also lauded her brother's dedication, saying he works "110 per cent" when he puts his mind to something. Peter Buffett has also concurred, crediting Howard with having a strong sense of responsibility to maintain not only a business, but a philosophy.
Warren Buffett's decision to hand down the CEO seat to his son is not denial&mdash;it's detour. It is a measure of his years-long defiance against nepotism and his emphasis on leadership acquired through merit and not birth. It is simultaneously a testament, however, to his deep level of trust that he has instilled in his children to use his legacy, not his designation.

Business & Economy, World: At the company's annual shareholder meeting in Omaha, the 94-year-old billionaire said that Greg Abel, Berkshire's Vice Chairman of Non-Insurance Operations, would take over as CEO by the end of the year

On May 3, 2025, in a moment that marked the end of an era, Warren Buffett—considered as one of the all-time greats when it comes to investing—announced his plan to retire as Berkshire Hathaway's CEO. At the company's annual shareholder meeting in Omaha, the 94-year-old billionaire said that Greg Abel, Berkshire's Vice Chairman of Non-Insurance Operations, would take over as Chief Executive Officer by the end of the year. "I believe the moment has come where Greg needs to become the Chief Executive Officer of the company," Buffett said. Although the move to pass the torch was not entirely surprising, what surprised many was that Buffett's own kids—particularly his son Howard Buffett, a veteran board member—were never in the running for the top executive position. This move, though thoroughly strategic, exemplifies the sophisticated philosophy Warren Buffett has always adopted: One that is based on merit, stewardship, and long-term retention of a singular corporate culture. Why not Howard Buffett? Middle child of Warren Buffett, Howard Buffett is no stranger to the Berkshire Hathaway universe. More than three decades on the board, Howard has been an integral part of its structure. He has also served in leadership positions at large organisations such as Coca-Cola Enterprises and ConAgra Foods, and he serves as chairman of the Nebraska State Ethanol Board. All this on his resume, and yet his next position at Berkshire is not one of day-to-day operational control but of cultural stewardship—he will become non-executive chairman. This is not a symbolic position. As non-executive chairman, Howard will be a protector of Berkshire's principles and values, and he will make sure the company's painstakingly constructed culture is preserved. The position involves chairing the board, maintaining oversight, and intervening if any leadership change or deviation from ethics is necessary. It is a position of trust—and one that Warren Buffett feels only someone attuned to the company's soul is capable of filling. "He is receiving it because he's my son. I'm extremely, extremely, extremely fortunate in the fact that I trust all three of my children," Buffett said in an interview with the Wall Street Journal. The rise of Greg Abel Though Howard will play a supervisory role, Greg Abel, age 62, will assume operational control. The low-key, effective leader, who has long been regarded as the heir, has spent two decades quietly presiding over Berkshire's vast constellation of non-insurance companies, such as energy, utilities, and railroads—sectors at the core of the conglomerate's expansion. Even Abel himself was surprised by the timing of the announcement. Only the board and Buffett's two children, Howard and Susie, were told in advance. But for those who have been following the company closely, Abel's promotion is a natural, well-thought-out selection. His familiarity with Berkshire's decentralised management and hands-off approach makes him a natural to follow Buffett's leadership style. Warren Buffett has long declared that he does not subscribe to dynastic wealth. In fact, the $140 billion in Berkshire shares set aside for his three children—Susie, Howard, and Peter—is for philanthropy, not personal gain. This move is in line with Buffett's philosophy that vast wealth must be employed for the benefit of society as a whole. Nevertheless, his children are nowhere out of sight in the company's management. Susie Buffett was added to the board in 2021, and Peter Buffett has stayed involved in the family's philanthropic activities. Both serve different roles, not as inheritors of an empire, but as custodians of a legacy. The handoff also coincides with an opportune time—months after the death in November 2023 of Charlie Munger, Warren Buffett's longtime business associate and intellectual equivalent. Munger, along with both men since removed from direct involvement, aided in the formative principles underlying Berkshire Hathaway of today. Howard Buffett's role as non-executive chairman will be pivotal in this regard. "Fairness, respect, honesty, and transparency," are the values he says he's pledged to maintain. Susie Buffett has also lauded her brother's dedication, saying he works "110 per cent" when he puts his mind to something. Peter Buffett has also concurred, crediting Howard with having a strong sense of responsibility to maintain not only a business, but a philosophy. Warren Buffett's decision to hand down the CEO seat to his son is not denial—it's detour. It is a measure of his years-long defiance against nepotism and his emphasis on leadership acquired through merit and not birth. It is simultaneously a testament, however, to his deep level of trust that he has instilled in his children to use his legacy, not his designation.

Warren Buffett, world's 5th richest man worth $169 billion, didn't give his son the reigns of Berkshire Hathaway. Reasons, explained

Warren Buffett's 2024 annual letter to Berkshire Hathaway shareholders reveals key insights into the conglomerate's performance and future. Notably, Buffett announced Greg Abel as his successor, praising his leadership and investment acumen. Watch in for more details!

Warren Buffett writes much awaited letter to shareholders

Berkshire Hathaway's cash reserves have surged to an impressive $325 billion following Warren Buffett's recent decision to cut back on his investments in Apple and Bank of America. This strategic move reflects Buffett's cautious approach amid market uncertainties and potential economic shifts. The increase in cash holdings positions Berkshire to seize future investment opportunities, underscoring the company's emphasis on maintaining financial flexibility in a volatile market landscape.

Buffet Sells Apple, Stacks Up Cash Reserve: What Does This Mean For Global Markets?

Warren Buffett's Berkshire Hathaway has made headlines once again by significantly increasing its stake in SiriusXM, the leading satellite radio provider. The investment firm raised its ownership to an impressive 32 per cent, a move that reflects Buffett's enduring confidence in the company's potential for growth.<o:p></o:p>

The near trillion dollar conglomerate purchased roughly 3.6 million shares for about $87 million in separate transactions Wednesday through Friday, according to a filing with the Securities and Exchange Commission late Friday as detailed in report by CNBC.<o:p></o:p>

Berkshire hiked its bet after billionaire John Malone’s Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the audio entertainment company. It was part of Malone’s reshuffling of his sprawling media empire that also included a split-off of the Atlanta Braves baseball team into a separate, publicly traded company, which Berkshire also owns shares in.<o:p></o:p>

The decision to boost the stake comes at a time when SiriusXM is navigating a competitive landscape, facing challenges from streaming services and changing consumer preferences. However, Berkshire Hathaway's investment suggests that Buffett sees long-term value in SiriusXM's business model and its ability to adapt.<o:p></o:p>

SiriusXM, which has been grappling with subscriber losses and unfavorable demographic shifts, is not a popular stock on Wall Street. Out of the 14 analysts covering the name, only five gave it a buy rating, according to FactSet.<o:p></o:p> Still, SiriusXM has been diversifying its offerings, expanding beyond traditional satellite radio to include podcasting and exclusive content.

Buffett's investment philosophy often centres on companies with strong fundamentals and promising growth trajectories. By increasing his stake in SiriusXM, he indicates a belief that the company can continue to innovate and thrive in an evolving media landscape. This move is likely to inspire confidence among investors who are closely monitoring the satellite radio sector.<o:p></o:p>

In addition to the increase in ownership percentage, analysts are keenly observing how this investment will influence SiriusXM's stock performance. Historically, Berkshire Hathaway's involvement has positively impacted companies' market perceptions, often leading to increased investor interest and stock price appreciation.<o:p></o:p>

JPMorgan analyst Sebastiano Petti reopened coverage of SiriusXM with an underweight rating last week, citing concerns about the radio giant’s long-term growth and its ability to successfully target a broader demographic the CNBC report detailed further. <o:p></o:p>

As SiriusXM continues to expand its content offerings and enhance user experiences, the backing of a renowned investor like Warren Buffett could provide a significant boost. The company's recent initiatives, including partnerships with popular artists and exclusive live events, aim to enrich its platform and engage listeners more effectively.<o:p></o:p>

Hence, Warren Buffett's decision to elevate Berkshire Hathaway's stake in SiriusXM underlines a strategic bet on the future of satellite radio amidst evolving media consumption trends. As the company adapts and innovates, investors will be watching closely to see how this partnership unfolds and what it means for SiriusXM's market position moving forward.<o:p></o:p>

Warren Buffett's Berkshire Hathaway has made headlines once again by significantly increasing its stake in SiriusXM, the leading satellite radio provider. The investment firm raised its ownership to an impressive 32 per cent, a move that reflects Buffett's enduring confidence in the company's potential for growth.

Warren Buffett's Berkshire Hathaway has made headlines once again by significantly increasing its stake in SiriusXM, the leading satellite radio provider. The investment firm raised its ownership to an impressive 32 per cent, a move that reflects Buffett's enduring confidence in the company's potential for growth. The near trillion dollar conglomerate purchased roughly 3.6 million shares for about $87 million in separate transactions Wednesday through Friday, according to a filing with the Securities and Exchange Commission late Friday as detailed in report by CNBC. Berkshire hiked its bet after billionaire John Malone’s Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the audio entertainment company. It was part of Malone’s reshuffling of his sprawling media empire that also included a split-off of the Atlanta Braves baseball team into a separate, publicly traded company, which Berkshire also owns shares in. The decision to boost the stake comes at a time when SiriusXM is navigating a competitive landscape, facing challenges from streaming services and changing consumer preferences. However, Berkshire Hathaway's investment suggests that Buffett sees long-term value in SiriusXM's business model and its ability to adapt. SiriusXM, which has been grappling with subscriber losses and unfavorable demographic shifts, is not a popular stock on Wall Street. Out of the 14 analysts covering the name, only five gave it a buy rating, according to FactSet. Still, SiriusXM has been diversifying its offerings, expanding beyond traditional satellite radio to include podcasting and exclusive content. Buffett's investment philosophy often centres on companies with strong fundamentals and promising growth trajectories. By increasing his stake in SiriusXM, he indicates a belief that the company can continue to innovate and thrive in an evolving media landscape. This move is likely to inspire confidence among investors who are closely monitoring the satellite radio sector. In addition to the increase in ownership percentage, analysts are keenly observing how this investment will influence SiriusXM's stock performance. Historically, Berkshire Hathaway's involvement has positively impacted companies' market perceptions, often leading to increased investor interest and stock price appreciation. JPMorgan analyst Sebastiano Petti reopened coverage of SiriusXM with an underweight rating last week, citing concerns about the radio giant’s long-term growth and its ability to successfully target a broader demographic the CNBC report detailed further. As SiriusXM continues to expand its content offerings and enhance user experiences, the backing of a renowned investor like Warren Buffett could provide a significant boost. The company's recent initiatives, including partnerships with popular artists and exclusive live events, aim to enrich its platform and engage listeners more effectively. Hence, Warren Buffett's decision to elevate Berkshire Hathaway's stake in SiriusXM underlines a strategic bet on the future of satellite radio amidst evolving media consumption trends. As the company adapts and innovates, investors will be watching closely to see how this partnership unfolds and what it means for SiriusXM's market position moving forward.

Warren Buffett's Berkshire Hathaway increases stake in SiriusXM to 32%

The trillion-dollar firm Berkshire Hathaway, led by Warren Buffett&nbsp;offloaded another chunk of Bank of America shares, bringing its total sales to more than $7 billion since mid-July and reducing its stake to 11 per cent.<o:p></o:p>

The Omaha, Nebraska-based conglomerate shed a total of 5.8 million Bank of America (BofA) shares in separate sales on Friday, Monday, and Tuesday for almost $228.7 million at an average selling price of $39.45 per share, according to a new regulatory filing. The latest action extended Berkshire’s selling streak to 12 consecutive sessions, matching the 12 consecutive sessions from July 17 to Aug 1 according to a recent report by CNBC US.

The report further stated that Berkshire has sold more than 174.7 million shares of the Charlotte, North Carolina-based bank for $7.2 billion, with 858.2 million shares remaining, or 11.1 per cent of shares outstanding. BofA has fallen to the No.3 spot on Berkshire’s list of top holdings, trailing behind Apple and American Express. Before the selling spree, BofA had long been Berkshire’s second-biggest holding.

How Buffett Invested in the Bank of America<o:p></o:p>

Buffett famously bought $5 billion worth of BofA’s preferred stock and warrants in 2011 in the aftermath of the financial crisis. He converted those warrants in 2017, making Berkshire the largest shareholder in BofA. The “Oracle of Omaha” then added 300 million more shares to his bet around 2018 and 2019.

Moynihan on Buffett<o:p></o:p>

BofA CEO Brian Moynihan made a rare comment about Berkshire’s sales Tuesday, saying he does not know Buffett’s motivation for selling.<o:p></o:p>

“I don’t know what exactly he’s doing, because frankly, we can’t ask him. We wouldn’t ask,” he said during Barclays Global Financial Services Conference, according to a transcript on FactSet. “But on the other hand, the market’s absorbing the stock ... we’re buying a portion of the stock, and so life will go on.” 

Shares of BofA have dipped just about 1 per cent since the start of July, and the stock is up 15.04 per cent this year, slightly outperforming the S&amp;P 500.

Moynihan, who has been leading the bank since 2010, praised the 94-year-old’s shrewd investment in his bank in 2011, which helped shore up confidence in the embattled lender struggling with losses tied to subprime mortgages. “He’s been a great investor for our company, and stabilized our company when we needed at the time,” Moynihan said.

To illustrate how lucrative Buffett’s investment has been, Moynihan said if investors were to buy his bank stock the same day Buffett did, they would have been able to capture the low price of $5.50 per share. The stock last traded just under $40 apiece.<o:p></o:p>

“He just had the guts to do it in a big way. And he did it. And it’s been a fabulous return for him. We’re happy that he gets it,” Moynihan said.

Recent developments in Berkshire Hathaway and Bank of America

It is important to note that the Warren Buffett-led multinational holding company Berkshire Hathaway has recently achieved a $1 trillion valuation, in the process, it becomes the first US company outside the tech world to reach this milestone. Currently, there are just 7 to 8 trillion dollar firms in the world. Bank of America on the other hand is a major US bank that has a market capitalisation of $305 billion dollars.&nbsp;

<o:p>&nbsp;</o:p>

The trillion-dollar firm Berkshire Hathaway, led by Warren Buffett offloaded another chunk of Bank of America shares, bringing its total sales to more than $7 billion since mid-July and reducing its stake to 11 per cent.

The trillion-dollar firm Berkshire Hathaway, led by Warren Buffett offloaded another chunk of Bank of America shares, bringing its total sales to more than $7 billion since mid-July and reducing its stake to 11 per cent. The Omaha, Nebraska-based conglomerate shed a total of 5.8 million Bank of America (BofA) shares in separate sales on Friday, Monday, and Tuesday for almost $228.7 million at an average selling price of $39.45 per share, according to a new regulatory filing. The latest action extended Berkshire’s selling streak to 12 consecutive sessions, matching the 12 consecutive sessions from July 17 to Aug 1 according to a recent report by CNBC US. The report further stated that Berkshire has sold more than 174.7 million shares of the Charlotte, North Carolina-based bank for $7.2 billion, with 858.2 million shares remaining, or 11.1 per cent of shares outstanding. BofA has fallen to the No.3 spot on Berkshire’s list of top holdings, trailing behind Apple and American Express. Before the selling spree, BofA had long been Berkshire’s second-biggest holding. How Buffett Invested in the Bank of America Buffett famously bought $5 billion worth of BofA’s preferred stock and warrants in 2011 in the aftermath of the financial crisis. He converted those warrants in 2017, making Berkshire the largest shareholder in BofA. The “Oracle of Omaha” then added 300 million more shares to his bet around 2018 and 2019. Moynihan on Buffett BofA CEO Brian Moynihan made a rare comment about Berkshire’s sales Tuesday, saying he does not know Buffett’s motivation for selling. “I don’t know what exactly he’s doing, because frankly, we can’t ask him. We wouldn’t ask,” he said during Barclays Global Financial Services Conference, according to a transcript on FactSet. “But on the other hand, the market’s absorbing the stock ... we’re buying a portion of the stock, and so life will go on.” Shares of BofA have dipped just about 1 per cent since the start of July, and the stock is up 15.04 per cent this year, slightly outperforming the S&P 500. Moynihan, who has been leading the bank since 2010, praised the 94-year-old’s shrewd investment in his bank in 2011, which helped shore up confidence in the embattled lender struggling with losses tied to subprime mortgages. “He’s been a great investor for our company, and stabilized our company when we needed at the time,” Moynihan said. To illustrate how lucrative Buffett’s investment has been, Moynihan said if investors were to buy his bank stock the same day Buffett did, they would have been able to capture the low price of $5.50 per share. The stock last traded just under $40 apiece. “He just had the guts to do it in a big way. And he did it. And it’s been a fabulous return for him. We’re happy that he gets it,” Moynihan said. Recent developments in Berkshire Hathaway and Bank of America It is important to note that the Warren Buffett-led multinational holding company Berkshire Hathaway has recently achieved a $1 trillion valuation, in the process, it becomes the first US company outside the tech world to reach this milestone. Currently, there are just 7 to 8 trillion dollar firms in the world. Bank of America on the other hand is a major US bank that has a market capitalisation of $305 billion dollars.

Berkshire sells more stake in Bank of America as CEO Moynihan lauds Buffett as a great investor

As Warren Buffett celebrates his 94th birthday, he was treated with a remarkable early present. Berkshire Hathaway, the conglomerate he has led for decades, crossed 1 trillion dollar in market value. This makes it the first non-technology company in the United States to achieve such a monumental feat.

How Warren Buffett led a textile company into a $1 TN empire

A technical issue on Monday caused the shares of Warren Buffett's Berkshire Hathaway to appear to be down nearly 99% on the New York Stock Exchange. Watch in for more details!

BREAKING: Berkshire Hathaway stock down 99% as NYSE deals with technical issues

Shares of Warren Buffett's Berkshire hathaway rose as much as 5.5% on monday, bringing the company's market worth closer to $1 trillion. Following a new record high last year, berkshire has been steadily making its way towards the trillion-dollar club.

Market value of Warren Buffett's conglomerate nears $1 trillion

History has witnessed several 'right-hand men' - the second-in-command who are indispensable for the leader. Very often, the 'right-hand man' executes the vision of his leader while remaining in the background. Without the 'right-hand man', it is likely that several top leaders would not have reached the heights that they eventually did.

One such 'right-hand man' was Charlier Munger, the vice-chairman of Berkshire Hathaway, who died at the age of 99 on November 28, 2023. For all purposes, he was Warren Buffett's alter ego at Berkshire Hathaway. A lot that Buffett -- the oracle of Omaha -- has achieved is often credited to Munger's sage-like wisdom.

Had it not been for a dinner night in 1959, the world would have never witnessed the Buffett-Munger duo revolutionise the world of investments. Munger was 35 and Buffett 29. They both belonged to Omaha, Nebraska but had never met each other up to that point of time.

In an interview to CNBC, Buffett remembered his first meeting with Munger: "In five minutes, Charlie was rolling on the floor laughing at his own jokes — and do the same thing." This, he said, made him realise that they were made for each other.

While that was the beginning of their six-decade-long partnership, Munger did not immediately begin his career as an investor. That happened three years later, when he decided to make a career switch.

In the 1950s, Munger was a successful lawyer, with his own law firm. Munger, Tolles &amp; Olson, which he established in 1962, is now among the biggest law firms in the US.

Munger's interest in investing, however, precedes his collaboration with Buffett. In the 1950s, he bought part of a troubled transformer company owned by one of his legal clients. Munger's meeting with Buffett brought out the financial wizard in him.

Years later, he revealed during a media interaction: “The best advice I ever got from Warren was to stop practicing law.” &nbsp;Munger added that Buffett thought of law practice as a hobby but not as business. &nbsp;

In 1962, the year when he also established his law firm, Munger forged a partnership with his client Jack Wheeler to launch a hedge fund. According to Buffett, this fund beat the market average of 6.4 per cent and gave annual returns of 24.3 per cent from 1962 to 1975.

While not in a formal partnership till the mid-1970s, Munger and Buffet collaborated regularly.&nbsp;

It is believed that Buffett played a key role in influencing Munger to establish the hedge fund. In fact, more often than not, Munger's fund often invested in the same companies and securities as Buffett's.

Munger's transformation into an investor was so successful that he stopped practising law in 1965. But his transformation pales in comparison to his influence on Buffett's investor mindset.

Like Buffet's first mentor Benjamin Graham, Munger was a believer in value investing. This meant that he believed in putting his money on stocks that could be trading for less than their intrinsic value. But the lawyer-turned investor fine-tuned the idea by focusing on the quality and durability of the company.

Buffett summarised this idea in the following words: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

Until Munger entered his life, Buffett focused on buying 'dirt cheap' companies which were nearing backruptcy. At a 1998 shareholders' meeting, Munger put forth his view on such companies - “It’s not that much fun to buy a business where you really hope this sucker liquidates before it goes broke.”

It is also to Munger's credit that Buffett turned into a long-term investor, holding stocks for years on end. For instance: Berkshire Hathaway has held millions of Coca Cola shares since 1988.

Reacting to his death, Buffett said, "Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation."&nbsp;The quintessential 'right-hand man' turned Berkshire Hathaway into a $785 billion giant, turning an ailing textile mill into a cash cow.&nbsp;

That sums up Munger's greatness as an investor, mentor, and institution builder.&nbsp;

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History has witnessed several 'right-hand men' - the second-in-command who are indispensable for the leader. Very often, the 'right-hand man' executes the vision of his leader while remaining in the background.

History has witnessed several 'right-hand men' - the second-in-command who are indispensable for the leader. Very often, the 'right-hand man' executes the vision of his leader while remaining in the background. Without the 'right-hand man', it is likely that several top leaders would not have reached the heights that they eventually did. One such 'right-hand man' was Charlier Munger, the vice-chairman of Berkshire Hathaway, who died at the age of 99 on November 28, 2023. For all purposes, he was Warren Buffett's alter ego at Berkshire Hathaway. A lot that Buffett -- the oracle of Omaha -- has achieved is often credited to Munger's sage-like wisdom. Had it not been for a dinner night in 1959, the world would have never witnessed the Buffett-Munger duo revolutionise the world of investments. Munger was 35 and Buffett 29. They both belonged to Omaha, Nebraska but had never met each other up to that point of time. In an interview to CNBC, Buffett remembered his first meeting with Munger: "In five minutes, Charlie was rolling on the floor laughing at his own jokes — and do the same thing." This, he said, made him realise that they were made for each other. While that was the beginning of their six-decade-long partnership, Munger did not immediately begin his career as an investor. That happened three years later, when he decided to make a career switch. In the 1950s, Munger was a successful lawyer, with his own law firm. Munger, Tolles & Olson, which he established in 1962, is now among the biggest law firms in the US. Munger's interest in investing, however, precedes his collaboration with Buffett. In the 1950s, he bought part of a troubled transformer company owned by one of his legal clients. Munger's meeting with Buffett brought out the financial wizard in him. Years later, he revealed during a media interaction: “The best advice I ever got from Warren was to stop practicing law.” Munger added that Buffett thought of law practice as a hobby but not as business. In 1962, the year when he also established his law firm, Munger forged a partnership with his client Jack Wheeler to launch a hedge fund. According to Buffett, this fund beat the market average of 6.4 per cent and gave annual returns of 24.3 per cent from 1962 to 1975. While not in a formal partnership till the mid-1970s, Munger and Buffet collaborated regularly. It is believed that Buffett played a key role in influencing Munger to establish the hedge fund. In fact, more often than not, Munger's fund often invested in the same companies and securities as Buffett's. Munger's transformation into an investor was so successful that he stopped practising law in 1965. But his transformation pales in comparison to his influence on Buffett's investor mindset. Like Buffet's first mentor Benjamin Graham, Munger was a believer in value investing. This meant that he believed in putting his money on stocks that could be trading for less than their intrinsic value. But the lawyer-turned investor fine-tuned the idea by focusing on the quality and durability of the company. Buffett summarised this idea in the following words: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." Until Munger entered his life, Buffett focused on buying 'dirt cheap' companies which were nearing backruptcy. At a 1998 shareholders' meeting, Munger put forth his view on such companies - “It’s not that much fun to buy a business where you really hope this sucker liquidates before it goes broke.” It is also to Munger's credit that Buffett turned into a long-term investor, holding stocks for years on end. For instance: Berkshire Hathaway has held millions of Coca Cola shares since 1988. Reacting to his death, Buffett said, "Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation." The quintessential 'right-hand man' turned Berkshire Hathaway into a $785 billion giant, turning an ailing textile mill into a cash cow. That sums up Munger's greatness as an investor, mentor, and institution builder. WATCH WION LIVE HERE

Flashback Friday: How Charlie Munger and Warren Buffett influenced each other for six decades

Warren Buffett's Berkshire Hathaway has achieved a historic milestone, crossing the one trillion dollar mark in assets. This remarkable achievement not only places Berkshire in a league of its own but also redefines the landscape of wealth accumulation.

The company's second-quarter data released this month showed that the famous investor's firm had $1.04 trillion in assets at the end of June. The massive number included its stock portfolio, which was valued at $353 billion at the end of the quarter, including a $178 billion holding in Apple.

Berkshire's $1 trillion milestone is extremely impressive. In 1964, the year before Buffett took over, the business had around $30 million in assets. This sum rose 700-fold in 30 years to roughly $21 billion in 1994. Berkshire's assets have grown another 48 times since then, giving Buffett a 33,000-fold rise during his tenure as CEO.

Buffett's conglomerate owns a plethora of firms in a variety of industries, including insurance, energy, railways, real estate, industrials, manufacturing, services, and retail. Given Berkshire's massive size and emphasis on the "real economy" rather than asset-light technology, it&nbsp;has a greater balance sheet than any of the big tech firms

Berkshire's assets also encompassed $147 billion of cash and Treasury bills. It further reflected the conglomerate's equity-method stakes in Kraft Heinz, Pilot, and Occidental Petroleum, as well as equipment, inventories, receivables, and other assets..

Indeed, at the conclusion of its most recent quarter, Apple had $335 billion in assets, including $167 billion in cash, marketable securities, and other liquid assets. Amazon claimed $463 billion in assets, while Microsoft, Alphabet, and Meta reported assets ranging from $200 billion to $400 billion.

Moreover, Tesla, which has a market value comparable to Berkshire, had only $91 billion in assets at the end of June. Nvidia, which has a market value of almost $1.2 trillion,&nbsp;possessed only $44 billion in assets at the end of the last count.

However, Berkshire Hathaway's total assets were lesser than Wall Street's major banks. JPMorgan, for example, reported $3.9 trillion in assets last quarter, which included $469 billion in deposits and $1.3 trillion in loans.

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Warren Buffett's Berkshire Hathaway has achieved a historic milestone, crossing the one trillion dollar mark in assets. This remarkable achievement not only places Berkshire in a league of its own but also redefines the landscape of wealth accumulation.

Warren Buffett's Berkshire Hathaway has achieved a historic milestone, crossing the one trillion dollar mark in assets. This remarkable achievement not only places Berkshire in a league of its own but also redefines the landscape of wealth accumulation. The company's second-quarter data released this month showed that the famous investor's firm had $1.04 trillion in assets at the end of June. The massive number included its stock portfolio, which was valued at $353 billion at the end of the quarter, including a $178 billion holding in Apple. Berkshire's $1 trillion milestone is extremely impressive. In 1964, the year before Buffett took over, the business had around $30 million in assets. This sum rose 700-fold in 30 years to roughly $21 billion in 1994. Berkshire's assets have grown another 48 times since then, giving Buffett a 33,000-fold rise during his tenure as CEO. Buffett's conglomerate owns a plethora of firms in a variety of industries, including insurance, energy, railways, real estate, industrials, manufacturing, services, and retail. Given Berkshire's massive size and emphasis on the "real economy" rather than asset-light technology, it has a greater balance sheet than any of the big tech firms Berkshire's assets also encompassed $147 billion of cash and Treasury bills. It further reflected the conglomerate's equity-method stakes in Kraft Heinz, Pilot, and Occidental Petroleum, as well as equipment, inventories, receivables, and other assets.. Indeed, at the conclusion of its most recent quarter, Apple had $335 billion in assets, including $167 billion in cash, marketable securities, and other liquid assets. Amazon claimed $463 billion in assets, while Microsoft, Alphabet, and Meta reported assets ranging from $200 billion to $400 billion. Moreover, Tesla, which has a market value comparable to Berkshire, had only $91 billion in assets at the end of June. Nvidia, which has a market value of almost $1.2 trillion, possessed only $44 billion in assets at the end of the last count. However, Berkshire Hathaway's total assets were lesser than Wall Street's major banks. JPMorgan, for example, reported $3.9 trillion in assets last quarter, which included $469 billion in deposits and $1.3 trillion in loans. WATCH WION LIVE HERE

Warren Buffett's Berkshire Hathaway crosses $1 trillion in assets

Tens of thousands of Berkshire Hathaway shareholders returned to Omaha every year to learn from Warren Buffet and celebrate the company he has build through investments. Among the thousands of investors to wait in line is a 13-year-old. Watch the video to know about the kid.

13-year-old questions Warren Buffet on de-dollarisation, asks if Berkshire is prepared for it | WION

The world fears that the US will enter a recession by the end of 2023. Investors are now eagerly looking to beat the recession and keep their investments safe. In such a volatile environment, one man could be their saviour - the oracle of Omaha - Warren Buffett.

Investors bet on Warren Buffet amid recession fears

Warren Buffet has changed its shareholding in companies, Berkshire Hathaway has slashed its stake in Taiwanese contract trip maker TSMC as well as in some banks in its fourth quarter.

Buffet's Berkshire dumps shares in TSMC, banks; hikes Apple stakes | World Business News

After holding it for 14 years, Warren Buffett's Berkshire Hathaway is continuing to unwind its long position in BYD - which is China's largest homegrown EV-maker and Tesla's major rival.

World Business Watch: Warren Buffett further unwinds BYD investment

The high inflation hasn't just hit the common people but interestingly even billionaire investors globally have been hit as well. As returns from the stock investments fall, Warren Buffet's Berkshire Hathaway posted a $2.7 billion third quarter loss.

Warren Buffet's firm Berkshire reports $2.7 billion Q3 loss

The billionaire Warren Buffet backed Chinese electric car maker BYD has made its entry into India with the launch of its first passenger car.

Warren Buffet-backed Chinese automaker BYD taps Indian market

The fortunes of America’s richest people got slashed by $78 billion following Federal Reserve Chair Jerome Powell's speech.

During his speech, which was eight minutes long, Powell pointed out that the US central bank will keep raising interest rates and probably leave them elevated for a while to reduce inflation.

Powell, who was speaking at the Kansas City Fed’s annual policy forum in Jackson Hole, was seen pushing back on a recent rally in US stocks that was triggered by rumours that policymakers would soon reverse course from their aggressive monetary tightening.

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After an unprecedented run-up during the Covid-19 pandemic when interest rates were pinned near zero, Powell’s speech served as a reminder that valuations of giant technology companies remain high by historical standards.

Following Powell's speech, the S&amp;P 500 tumbled 3.4 per cent and the tech-heavy Nasdaq 100 plunged more than 4 per cent.

Not only this, billionaires such as Jeff Bezos, Elon Musk, Bill Gates, Warren Buffett and Bill Gates lost $6.8 billion, $5.5 billion, $2.7 billion and $2.2 billion respectively.

In the steepest six-month drop ever for the wealthiest people on the planet, the world’s 500 richest people lost $1.4 trillion in the first half of 2022.

Since November 2020, US stocks in July posted their strongest monthly advance leading investors to wager that the worst of the market rout was over.

(With inputs from agencies)

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&nbsp;

The fortunes of America’s richest people got slashed by $78 billion following Federal Reserve Chair Jerome Powell's speech. During his speech, which was eight minutes long, Powell pointed out that the US central bank will keep raising interest rates and probably leave them elevated for a while to reduce inflation.

The fortunes of America’s richest people got slashed by $78 billion following Federal Reserve Chair Jerome Powell's speech. During his speech, which was eight minutes long, Powell pointed out that the US central bank will keep raising interest rates and probably leave them elevated for a while to reduce inflation. Powell, who was speaking at the Kansas City Fed’s annual policy forum in Jackson Hole, was seen pushing back on a recent rally in US stocks that was triggered by rumours that policymakers would soon reverse course from their aggressive monetary tightening. × After an unprecedented run-up during the Covid-19 pandemic when interest rates were pinned near zero, Powell’s speech served as a reminder that valuations of giant technology companies remain high by historical standards. Following Powell's speech, the S&P 500 tumbled 3.4 per cent and the tech-heavy Nasdaq 100 plunged more than 4 per cent. Not only this, billionaires such as Jeff Bezos, Elon Musk, Bill Gates, Warren Buffett and Bill Gates lost $6.8 billion, $5.5 billion, $2.7 billion and $2.2 billion respectively. In the steepest six-month drop ever for the wealthiest people on the planet, the world’s 500 richest people lost $1.4 trillion in the first half of 2022. Since November 2020, US stocks in July posted their strongest monthly advance leading investors to wager that the worst of the market rout was over. (With inputs from agencies) Watch WION's live TV here: ×

Fortunes of America’s richest people slashed by $78bn after Fed chief Powell's speech

Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as "rat poison squared," thrive on the hope they'll find other people who will pay more for it.

Likening bitcoin demand to the tulip bulb mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway Inc, said the mystique behind the cryptocurrency has caused its price to surge.

"If you don't understand it, you get much more excited," Buffett said on CNBC television. "People like to speculate, they like to gamble."

He said investors now are much better off owning US&nbsp;stocks, whose prices are elevated but not in a "bubble," and it would take a "nanosecond" for him to choose stocks over 10- or 30-year U.S. government bonds now yielding around 3 percent.

Charlie Munger, Buffett's longtime business partner and a Berkshire vice chairman, is also no bitcoin fan, describing it as "worthless artificial gold." He likened it to Oscar Wilde's definition of fox hunting, calling it "the pursuit of the uneatable by the unspeakable."

Buffett, 87, and Munger, 94, spoke two days after they presided at Berkshire's annual shareholder meeting in Omaha, Nebraska, which was expected to have drawn more than 40,000 people.

It was the first meeting since Berkshire elevated longtime executives Greg Abel and Ajit Jain to vice chairmen, making them top contenders to replace Buffett as chief executive.

Buffett said their promotions have been "very, very good" for the company.

Berkshire has said its board knows who would become chief executive if the need arose.

One of its members, Microsoft Corp co-founder Bill Gates, said on CNBC "it's not a horse race" between Abel and Jain.

Buffett renewed his desire to spend some of Berkshire’s low-yielding cash on a major acquisition. He said he would be happier if Berkshire had $30 billion of cash and equivalents, not the $108.6 billion it reported holding at the end of March.

"If a $100 billion deal came along that Charlie and I really liked, we’d get it done," he said.

Buffett revealed last week Berkshire had bought about 75 million additional Apple Inc shares in the first quarter, adding to the 165.3 million it already owns. It now has a 5 percent stake in the iPhone maker, trailing only Vanguard Group and BlackRock Inc.

Buffett said he would be happy to see the Apple share price fall if it would spur repurchases.

Munger, meanwhile, said Berkshire may have been "a little too restrained" in buying Apple, saying "it's reasonably priced and strong." He added: "I wished we owned more of it."

Buffett also said the list of CEO candidates has been "narrowed down" for the healthcare venture between Berkshire, Amazon.com and JPMorgan Chase. He said choosing the CEO will be "by far the most difficult decision we will make."

Likening bitcoin demand to the tulip bulb mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway Inc, said the mystique behind the cryptocurrency has caused its price to surge

Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as "rat poison squared," thrive on the hope they'll find other people who will pay more for it. Likening bitcoin demand to the tulip bulb mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway Inc, said the mystique behind the cryptocurrency has caused its price to surge. "If you don't understand it, you get much more excited," Buffett said on CNBC television. "People like to speculate, they like to gamble." He said investors now are much better off owning US stocks, whose prices are elevated but not in a "bubble," and it would take a "nanosecond" for him to choose stocks over 10- or 30-year U.S. government bonds now yielding around 3 percent. Charlie Munger, Buffett's longtime business partner and a Berkshire vice chairman, is also no bitcoin fan, describing it as "worthless artificial gold." He likened it to Oscar Wilde's definition of fox hunting, calling it "the pursuit of the uneatable by the unspeakable." Buffett, 87, and Munger, 94, spoke two days after they presided at Berkshire's annual shareholder meeting in Omaha, Nebraska, which was expected to have drawn more than 40,000 people. It was the first meeting since Berkshire elevated longtime executives Greg Abel and Ajit Jain to vice chairmen, making them top contenders to replace Buffett as chief executive. Buffett said their promotions have been "very, very good" for the company. Berkshire has said its board knows who would become chief executive if the need arose. One of its members, Microsoft Corp co-founder Bill Gates, said on CNBC "it's not a horse race" between Abel and Jain. Buffett renewed his desire to spend some of Berkshire’s low-yielding cash on a major acquisition. He said he would be happier if Berkshire had $30 billion of cash and equivalents, not the $108.6 billion it reported holding at the end of March. "If a $100 billion deal came along that Charlie and I really liked, we’d get it done," he said. Buffett revealed last week Berkshire had bought about 75 million additional Apple Inc shares in the first quarter, adding to the 165.3 million it already owns. It now has a 5 percent stake in the iPhone maker, trailing only Vanguard Group and BlackRock Inc. Buffett said he would be happy to see the Apple share price fall if it would spur repurchases. Munger, meanwhile, said Berkshire may have been "a little too restrained" in buying Apple, saying "it's reasonably priced and strong." He added: "I wished we owned more of it." Buffett also said the list of CEO candidates has been "narrowed down" for the healthcare venture between Berkshire, Amazon.com and JPMorgan Chase. He said choosing the CEO will be "by far the most difficult decision we will make."

Warren Buffett bashes bitcoin, says stocks are better

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