Hints and tips:
...The challenges confronting Buffett’s successors The passing of Berkshire Hathaway’s acerbic vice-chair Charlie Munger in November turned investors’ attention towards the company’s prospects without Warren...
...Warren said in a statement: “Private equity firms have a well-documented history of hollowing out companies and jeopardising product safety.”...
...After focusing on manufacturing rechargeable batteries, including for mobile phones, the company expanded into the car industry in the early 2000s....
...In the fourth quarter of 2023, BYD, which was founded in 1995 and counts Warren Buffett’s Berkshire Hathaway as a shareholder, sold a record 526,000 battery-only EVs to Tesla’s 484,000....
...and Hong Kong, is one of China’s fastest-growing electric vehicle companies and is considered by analysts to be a potential future challenger to Tesla and its Chinese competitor BYD, which is backed by Warren...
...“Nobody replaces Warren Buffett, but they will be admirable stewards.”...
...Warren Buffett’s Berkshire Hathaway placed a $954mn bet on credit card and banking company Capital One in the first quarter, one of the few new stakes added by the investment group in a period when it was...
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...Warren Buffett offered a full-throated defence of share buybacks in his annual letter to Berkshire Hathaway shareholders on Saturday, saying stock purchases by Berkshire and the dozens of publicly traded...
...Warren Buffett’s Berkshire Hathaway trimmed its bet on Activision Blizzard in late 2022, as the video game maker’s agreed takeover by Microsoft came under regulatory scrutiny....
...The motto of veteran US investor Warren Buffett is supposed to be “hold for the long term”, not “hello, I must be going”....
...The requirement would be one strand in a broad-based set of policies under President Joe Biden aimed at boosting American manufacturing and cutting reliance on China for manufacturing and technology....
...Warren Buffett’s Berkshire Hathaway purchased a $4.1bn stake in chipmaker Taiwan Semiconductor Manufacturing in the third quarter, vaulting a third tech company into the sprawling industrial conglomerate...
...It has a virtual monopoly on manufacturing the fastest computer chips....
...The results were helped by larger profits in its manufacturing and services business lines....
...If a weak yen were propelling the economy lately, we’d expect manufacturing exporters to benefit. But manufacturing PMIs are in (mild) contraction territory, at 49.8....
...A version of this article was first published by Nikkei Asia on May 24, 2023. ©2023 Nikkei Inc. All rights reserved....
...Berkshire sells TSMC Sometime in the third quarter last year, Warren Buffett’s Berkshire Hathaway took a $4bn stake in TSMC, the Taiwanese contract chipmaker....
...Its stock market is full of exporters, meaning faltering global growth can fast become earnings weakness for Japan Inc. A US recession could be especially vicious....
...Wang has aligned himself and the company with policy priorities under President Xi Jinping to boost domestic high-tech manufacturing and supply chain independence....
...His first triumph was drawing up Apple’s manufacturing operations in China after Jobs lured him to Cupertino, from PC-maker Compaq, in 1998....
...The results showed the company’s railroad, utilities and manufacturing businesses reporting stronger profits in the quarter, compared to year ago levels....
...Warren Buffett has dipped into Berkshire Hathaway’s $147bn cash pile for a $12bn deal to purchase Alleghany, an insurance to toy manufacturing conglomerate, ending an acquisition drought that had concerned...
...Sales at its utilities rose, as well as at its manufacturing, retail and home building businesses....
...Warren Buffett on Saturday said US financial markets had become “almost totally a casino” as millions of new traders flooded into the financial system during the coronavirus pandemic....
International Edition