Warren Buffett spending day fielding shareholder questions

The Latest: Berkshire Hathaway shareholders elect directors

He said he and Mr Buffett do not approve of all repurchase strategies.

Berkshire Hathaway Inc on Saturday ended its more than year-long stretch of falling operating profit, while a new accounting rule caused the conglomerate chaired by Warren Buffett to suffer an overall net loss.

Many shareholders say they trust that Buffett has a solid succession plan in place.

Kanye West has 'good intentions': Kris Jenner
One has to see that as a positive way for two people to see each other's point of view, and possibly get others to do so. West has not been shy about voicing his support, love, and admiration for President Donald Trump .

Apple's share price hit a record high after Buffett revealed having boosted Berkshire's already large stake in the Cupertino, California company to roughly 240 million shares, now worth some $44bn.

The investor also implied that he is willing to invest more in China this year.

Wells Fargo had been trying to fix its reputation after admitting in 2016 that employees opened as many as 2 million accounts without getting customers' permission to meet aggressive sales targets. Rather, the problem lies with Gates, who joined the Berkshire Hathaway board in 2004, and retired as chairman of Microsoft in 2014.

Andrew Castle: Has Jeremy Corbyn Taken Labour As Far As He Can?
The Conservatives also benefitted greatly from UKIP's monumental collapse as the openly and largely racist vote transfers to them. Mr Corbyn said his party had put in a "solid" performance and was now well on the way to being able to form the next government.

Abel, who ran Berkshire's utility unit, now oversees all non-insurance businesses. The company also has major investments in such companies as American Express, IBM and Wells Fargo & Co. Both men now oversee about half of Berkshire's operating companies. Buffett said the investment "has being doing so well lately".

"We have a lot of common interests, and like any two big economic entities, there are times when there'll be tensions, but it is a win-win situation when the world trades", the investor said. Buffett said he still spends most of his time reading about businesses, thinking and fielding the occasional phone call. "The most important thing is that we do something about it", Buffett said.

"It just would be a mistake for Berkshire to buy Microsoft", the famous stock picker said at Berkshire Hathaway's annual meeting Saturday.

Boney Kapoor shares a picture of Sridevi's National Award on Twitter
Seeing Janhvi Kapoor wear Sridevi's saree at the 65th National Film Awards yesterday was really heartwarming, to say the least. Late actor Vinod Khanna , who passed away past year , was awarded India's highest film honour, the Dadasaheb Phalke award.

Berkshire shareholders can celebrate the fact that most of the companies 90-odd businesses are performing well as the economy continues growing, but the conglomerate's future is always in the back of their minds because Buffett is 87.

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