Warren Buffet wants to be Apple's controlling boyfriend

Warren Buffet wants to be Apple's controlling boyfriend

Buffett himself, hosted a "Q&A" session with shareholders Saturday morning, ahead of the official meeting.

Buffett, a billionaire bargain hunter, increased his company's stake to 240.3 million shares worth $42.5 billion during first quarter.

"Whether they like it or not, the world has profoundly changed and moved on in recent years". NY time to $9,273, its first decline in four business days.

Buffett told Claman that the nuclear deal may not be flawless but is a worthwhile attempt to reduce Iran's weapons capacity and minimize tension in the Mideast. Given the unsure direction of interest rates, he warned that inflation will likely more than cancel out the nominal interest returns on these investments in the long run.

However, this doesn't seem to be enough for the Berkshire Hathaway chairman and CEO.

Buffett said he feels fine and he wants to continue doing what he does.

Remarking on the future of Berkshire without Buffett and Munger, Buffett said the promotion of Greg Abel and Ajit Jain to Berkshire vice chairmen has been "very, very good" for the company.

Damage control is nothing new to Buffett. Berkshire often makes large investments in times of panic, when its stable capital, and not the Buffett name, is the allure, he argued.

Buffett says Wells Fargo clearly made a big mistake and had the wrong incentives in place for employees, but now they making strides.

"All the big banks have had troubles of one sort or another", he said.

Buffett helms Berkshire Hathaway and made the comments at the company's 2018 annual shareholder meeting.

"In the earlier years, the answer is stupidity", he said. "The knowledge is there of how to kill millions of people, and in some cases the intent might be there".

Berkshire Hathaway is off.09% on the year.

The company wowed Wall Street with better than expected profits on May 1, even as it reported that iPhone sales have slowed in the United States. "There's such a range of people, even just from the plane out of Newark to here", he said. "The benefits [of trade] are huge and the world's dependent on it in a major way for its progress".

And we speak to Shan-Lyn Ma, co-founder and CEO of Zola, about the company's latest funding round.

"I'd love to own 100 percent of it", he told Quick.

"We like very much the economics of their activities", Buffett said of Apple.

"It wouldn't take me a nanosecond to decide to go into stocks", he said.

He also said investors should instead focus on Berkshire's operating earnings, which were up 49 percent to a record $5.3 billion in the first quarter.

"You've got to win with the consumer", Buffett said.

"When I buy Apple, I know that Apple is going to repurchase a lot of shares", he said.

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