“Tomorrow’s decisions are likely to be better made by three live and well-directed brains than by a dead hand,” wrote Buffett, whose lifetime giving of over $60 billion makes him likely the most prolific philanthropist ever.
Two decades ago, the Oracle of Omaha made one very costly decision.
The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.
Tuesday’s selloff was almost certainly not related to Monday’s technical error which briefly showed a 100% loss for Berkshire, but it was a puzzling loss.
At Berkshire Hathaway’s first annual shareholders meeting since the death of former vice chairman Charlie Munger, CEO Warren Buffett projected the company’s record-setting cash pile would exceed $200 billion this year and spoke highly of Apple, despite the company’s Saturday earnings report showing it sold off a significant portion of its shares in the tech giant.