Published: Mon, May 07, 2018
Money | By Bruce West

Warren Buffett, Charlie Munger regale the masses at Berkshire Hathaway's annual meeting

Warren Buffett, Charlie Munger regale the masses at Berkshire Hathaway's annual meeting

Earlier this week, we reported that Berkshire Hathaway, the conglomerate founded and run by Warren Buffett, had purchased an addition 75 million AAPL shares during the first quarter of this year.

Berkshire owns confectionary See's Candy which it bought in 1972 for $25 million.

With Berkshire's 2018 annual meeting in the books, users can revisit the highlights in CNBC's Warren Buffett Archive, which houses searchable video from 25 full annual meetings, going back to 1994, synchronized to 2600 pages of transcripts.

Two of Berkshire's biggest stock investments, Wells Fargo & Co (WFC.N) and Coca-Cola Co (KO.N), had tough first quarters, falling 13.6 percent and 5.3 percent, respectively.

"I'm thrilled to see them re-purchasing stocks", Buffett advised Berkshire shareholders at the conglomerate's annual assembly.

Dismissing concerns that the trade tensions between China and the U.S. could potentially escalate into a trade war, famous USA billionaire investor Warren Buffett said Saturday that the world depends on the United States and China for progress and that both the countries need to focus on common interests.

"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 U.S. state of Nebraska late on Saturday.

The shares closed up 3.9 percent at US$183.83 on Friday.

Buffett says most of Berkshire's businesses are hiring, and several of them are having trouble finding workers.

In other comments at the shareholder meeting on Saturday, Buffett said it is unlikely that the USA and China will come to loggerheads on trade. Buffett said it was hard to find qualified women to lead companies because of what he termed a "pipeline problem". "The number of claims are down somewhat".

Pretax profit at industrial businesses such as Precision Castparts rose 32 percent, while lower taxes helped boost profit at the Berkshire Hathaway Energy unit by 22 percent.

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