Warren Buffett bashes bitcoin as nonproductive 'rat poison'

Why Elon Musk and Warren Buffett Are Suddenly Trolling Each Other Over See's Candies

Why Elon Musk and Warren Buffett Are Suddenly Trolling Each Other Over See's Candies

Warren Buffett's insurance and reinsurance businesses at Berkshire Hathaway recorded positive performance for the first-quarter of 2018, with both underwriting and investment sides of the business delivering higher profits. The company also has major investments in such companies as American Express, IBM and Wells Fargo & Co.

Buffett has called the new accounting rule a "nightmare" that would produce "truly wild and capricious swings" in bottom-line results that could, depending on their direction, unnecessarily scare or embolden investors.

"It's going to get worse, not better", CNBC quoted Buffett as saying at the company's annual meeting held at Omaha city in the USA state of Nebraska late on Saturday.

Since that time, Buffett said that Americans have seen 14 US presidents, world wars, 9/11 and the Cuban missile crisis.

Analysts surveyed by FactSet expected operating earnings of $2.08.

Sonam Kapoor and Anand Ahuja hug and dance at the Mehendi ceremony
The mehndi ceremony is reportedly going to take place at Sonam's BKC pad, which will be followed by the Anand Karaj . The bride-to-be and the groom-to-be have color-coordinated their outfits and are wearing the shades of pink.

While Buffett said it did seem like more moats had become susceptible to invasion recently, he still observed plenty of companies, such as the See's sweets unit that Berkshire owns, where they were holding firm.

Some analysts have said the stock losses have weighed on Berkshire shares, which are 10 percent below their record highs set on January 29. That's up from $3.6 billion, or about $1.78 per B share, a year ago.

Charlie Munger, Berkshire's vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is "just dementia".

Buffett's very first commitment to Apple surprised many given his standard aversion to businesses in the tech sector, nevertheless also the billionaire perspectives Apple more as being a consumer solutions company. He said he and Buffett do not approve of all repurchase strategies. Pre-tax underwriting gains almost quadrupled, as it sold more policies despite having raised rates, while the rate of policyholder losses fell. "There are some pretty good moats around", he said. "The number of claims are down somewhat".

Recommended News

  • Matt Harvey era with Mets comes to an end

    Matt Harvey era with Mets comes to an end

    Trying to resuscitate Harvey's career, the Mets moved Harvey from the starting rotation to the bullpen almost two weeks ago. NY had hoped Harvey would be willing to work at the team's minor league complex in Florida in an effort to regain form.
    U.S.  military plane crash carried nine personnel

    U.S. military plane crash carried nine personnel

    Puerto Rico's National Guard has five other similar planes, two of which are not in use because they require maintenance, he said. A Puerto Rican National Guard Planed crashed soon after its takeoff on Wednesday killing all nine people aboard it.

    Giuliani says Cohen did his job in Daniels case

    Trump has told reporters that he was not aware of the payment and that he didn't know where Cohen had gotten the money. Giuliani also said that Trump paid Cohen back over time , which could be a whole other ball of trouble for Trump.
  • Predators even series after Fiala's game winning goal

    Predators even series after Fiala's game winning goal

    Filip Forsberg then clanged a shot off the iron just 40 seconds into the second period that would have extended the lead as well. Ryan Johansen topped the Nashville scoring burst with a first period goal and a third period tally that gave the team the lead.
    Cowboys TE Jason Witten to retire after 15 seasons

    Cowboys TE Jason Witten to retire after 15 seasons

    On Wednesday, executive vice president Stephen Jones said there was no timeline on when Witten would make a decision. As it stands, Witten is the franchise leader in games played (239), receptions (1,152) and receiving yards (12,448).
    Trump's longtime doctor says Trump dictated glowing bill of health

    Trump's longtime doctor says Trump dictated glowing bill of health

    Yesterday, NBC broke an exclusive story about the president's long-time family physician, NY doctor Harold Bornstein . Best I've ever tasted", the message in the artwork read .
  • IPhone X Face ID Failures Spark A Peculiar Repair Strategy From Apple

    IPhone X Face ID Failures Spark A Peculiar Repair Strategy From Apple

    That same user saw a message each time they tried to use Face ID that said, " Face ID is not available, try again later". And if that does not turn out to be the case, the employee has to perform a simple unit replacement for the customer.
    Barca hold on for draw against Real - five things we learned

    Barca hold on for draw against Real - five things we learned

    Champions Barca have 87 points while Real are third in the Liga standings with 72 after 35 games. Ronaldo scored his 25th league goal of the season in the game against Barcelona .
    North Korea goes back to the future, by 30 minutes

    North Korea goes back to the future, by 30 minutes

    Chung provided Bolton with a detailed readout of the Moon-Kim meeting, said the White House in another statement. But the phrase is a diplomatic euphemism open to interpretation on both sides.
  • In The Bender Kitchen: Getting ready for Cinco de Mayo

    In The Bender Kitchen: Getting ready for Cinco de Mayo

    The French retreated though it would take six more years - and more battles - to convince the French to exit Mexico. The day is commemorated with celebrations of Mexican cuisine , culture and music.
    Boy Scouts changes name to Scouts BSA to attract girls

    Boy Scouts changes name to Scouts BSA to attract girls

    He said their aim is to open Cub Scout opportunities to girls , rather than recruit away from Girl Scouts, for example. The Boy Scouts of America is dropping the word "boy" from their name to welcome girls into their program.
    Former Trump Aide Meets With Mueller After Cursing Russia Probe

    Former Trump Aide Meets With Mueller After Cursing Russia Probe

    Both Trump and Moscow deny any wrongdoing, and the president has called the investigation a political witch hunt. The questions were based on topics that Mueller's team had said they wanted to discuss with Trump.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.