Holders won't like what they had to say.
The healthcare initiative formed by Berkshire Hathaway, Amazon and JPMorgan Chase could have its CEO within a couple of months, Berkshire Hathaway CEO Warren Buffet said May 5 during the company's annual shareholder meeting, according to Reuters.
Apple's share price has once again hit record heights after billionaire Warren Buffett repeated his strong support for the tech company. But you can have anything you can imagine if you look at something and say "that's magic". It now has a 5 percent stake in the iPhone maker, trailing only Vanguard Group and BlackRock. If you don't understand it, you get much more excited than if understand it.
Buffett's point is that just because something is rare, that doesn't make it intrinsically valuable. It has a position in consumers' minds and a utility to them that is very, very useful. I could whisper something on this program about a non-productive asset.
He used a farm as an example.
Berkshire Vice Chairman Charlie Munger says he's also optimistic that the two countries will find a way to resolve their trade disagreements without creating lasting ill will toward each other. You're dependent on the mob growing, so people do get angry. "It will come to a bad ending".
Buffett additionally raised concerns about the scam artists and predatory financiers who are piling into (and out of) crypto-assets.
Trump says Kim summit date, venue to be announced soon
President Donald Trump has hit out at Special Counsel Robert Mueller over his interest in questioning the USA leader. Trump's comments come as he is now being advised by former New York City Mayor Rudy Giuliani .
That's why some cryptocurrency experts think that investors should ignore Buffett's and Munger's repeated bitcoin bashing. If you and I buy various crypto currencies, they're not going to multiply, they're just going to sit there. I don't think they're expressing an opinion on the value of it. "It's like somebody else is trading turds and you decide you can't be left out", he said.
On Monday, Munger renewed his attack.
During the discussion on CNBC's "Squawk Box", Munger describes Bitcoin as "worthless, artificial gold".
But there's another reason Buffett loves Apple besides its tech gadgets: Apple's massive cash hoard, which allows it to buy back a lot of its own stock.
Munger has also referred to bitcoin as poison.
"Nobody buys a farm based on whether or not it's going to rain next year or not", Buffett explained.