Published: Mon, May 07, 2018
Finance | By Jaime Brady

Warren Buffett just bought a ton more shares of Apple

Warren Buffett just bought a ton more shares of Apple

When asked about gender equality in the workplace and what Berkshire is doing to promote it, Buffett noted that women now head six of the 60-plus businesses that Berkshire owns.

Likening bitcoin demand to the tulip mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway Inc BRKa.N , said the mystique behind the cryptocurrency has driven a surge in its price. A year ago, Berkshire reported $4.06 billion in net income, or $1.65 per Class B share.

The accounting change required Berkshire to report $6.2 billion of unrealized losses in its marketable stock portfolio, which totaled $170.5 billion at year end, regardless of whether it planned to sell those stocks.

Billionaire US investor Warren Buffett said on Saturday that his firm, Berkshire Hathaway, would be interested in buying more shares of Apple if they are available at the right price.

As is the case with all his investments, Buffett said he's looking at the long term and wasn't particularly anxious about whether Apple would hit various sales targets in the first quarter. The company also has major investments in such companies as American Express, IBM and Wells Fargo & Co.

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"It really is not representative of what's going on in the business at all", Buffett told shareholders at Berkshire's annual meeting in Omaha, Nebraska.

Analysts surveyed by FactSet expected operating earnings of $2.08.

In other comments at the shareholder meeting on Saturday, Buffett said it is unlikely that the United States and China will come to loggerheads on trade.

Buffett says most of Berkshire's businesses are hiring, and several of them are having trouble finding workers. "The number of claims are down somewhat".

NICO actually earned slightly fewer premiums in the period, but generated an underwriting profit thanks to more stable performance, reporting a gain of $23 million, much better than the -$269 million underwriting loss of the prior year.

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