Warren Buffett sees a ‘red hot’ US economy with creeping inflation

“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said. Buffett attributed the faster-than-expected recovery to swift and decisive rescue measures by the Federal Reserve and U.S. … Read more

Warren Buffett slammed SPACs and Robinhood for encouraging gambling on stocks at Berkshire Hathaway’s annual meeting

Warren Buffett criticized SPACs and Robinhood at Berkshire Hathaway’s annual meeting. The investor said they encourage gambling and treating the stock market like a casino. Charlie Munger, Buffett’s right-hand man, damned both trends as well. See more stories on Insider’s business page. Warren Buffett blasted special-purpose acquisition companies (SPACs) and the Robinhood trading app for … Read more

Buffett upbeat on US, Berkshire; buys back stock even as Covid hits results

Not even the coronavirus pandemic could dampen Warren Buffett’s enthusiasm for the future of America and his company Berkshire Hathaway Inc. Buffett used his annual letter to investors to assure he and his successors would be careful stewards of their money, where “the passage of time, an inner calm, ample diversification and a minimization of … Read more

Warren Buffett looks to Japan, takes 5% stakes in five trading companies

Berkshire said it acquired its stakes in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co and Sumitomo Corp over approximately 12 months Berkshire Hathaway Inc said it has acquired slightly more than 5% of the shares in five large Japanese companies, marking a departure for Chairman Warren Buffett as he looks outside the United … Read more