Berkshire Hathaway’s Vice Chairman Ajit Jain has sold more than half of his stake in the company, garnering $139 million, according to a Bloomberg report. According to the SEC filing, Jain, who is one of Warren Buffett’s top lieutenants, sold 200 of his class A common stocks at an average of $695,418 per share, just … Read more
Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Group, says the way Buffett runs Berkshire, no company in India runs like that. You will see a lot of these kinds of companies coming in which will say that they are running a broking or some other business but will very actively manage my equity accounts because … Read more
After Sensex ended 2,223 points lower on Monday and Nifty slipped to 24,056 amid a global sell-off, veteran American investor Jim Rogers says he is sitting on a lot of cash as the next collapse will be very bad. “America and the world is long overdue for a problem. The reason I have a lot … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
One of the messages that Warren Buffett and Berkshire Hathaway’s top insurance executive, Ajit Jain, sent to investors during the company’s annual shareholder meeting in Omaha last month was that cyber insurance, while currently profitable, still has too many unknowns and risks for Berkshire, a huge player in the insurance market, to be fully comfortable … Read more
Billionaire investor Warren Buffett said that the Indian market has “unexplored” opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”. Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility … Read more
Warren Buffett, the legendary investor, famously said, “It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price”. This timeless wisdom underscores the essence of value investing. The strategy revolves around identifying quality companies trading below their intrinsic value, a philosophy epitomised by Buffett and … Read more
OMAHA: Warren Buffett credited his longtime partner – the late Charlie Munger – with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how … Read more
Jimmy Haslam, CEO of Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway. Lacy O’Toole | CNBC A billion-dollar trial that was to determine if Berkshire Hathaway improperly used an accounting method that would significantly short-change the Haslam family in a purchase of the family’s remaining minority stake in Pilot Travel Centers … Read more
