CNBC's YunLi626 is live in Omaha, Nebraska at the 2022 Berkshire Hathaway annual shareholders meeting. Here are three key takeaways from the event. Follow our liveblog tracking all of the day’s news and analysis here:
Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.Warren Buffett said he has never figured out how to time the markets.
"We have not been good at timing," Buffett said. "We've been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.
"Progressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasn't involved in telematics," Jain said. "It's a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive."
"We have computers with algorithms trading against other computers," Munger said. "We've got people who know nothing about stocks, being advised by stockbrokers who know even less.After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison. Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie MungerInvestors around the globe are waiting to hear from Warren Buffett, along with his right-hand man Charlie Munger, following a flurry of investment activities.
Read more »
Warren Buffett is back on stage for the second half of the Berkshire annual meetingBerkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger will preside over the company's annual meeting. Watch for updates here.
Read more »
Warren Buffett's Berkshire all-day meeting to kick off in OmahaWarren Buffett's Berkshire Hathaway Inc holds its hotly-anticipated annual shareholder meeting in person on Saturday for the first time since before the pandemic, where shareholders will have the chance to quiz the so-called 'Oracle of Omaha' on everything from corporate governance, potential new investments and Buffett's views on the economy.
Read more »
At 91, Warren Buffett still sprints circles around Wall StreetAfter a two-year pandemic-induced haitus, the only shareholder meeting of its kind on the planet is back and could break its own stunning record. Tens of thousands from around the world will descend on Omaha, Nebraska--the birthplace of the 'Oracle of Omaha,' a.k.a. Warren Buffett.
Read more »
Pro-life activists protest Warren Buffett ahead of shareholder meetingPro-life activists called on Berkshire Hathaway shareholders to renounce CEO Warren Buffett’s funding of abortion rights in a protest outside the site of the firm’s shareholder meeting on Friday.
Read more »
Warren Buffett Says Markets Have Become a ‘Gambling Parlor’At the Berkshire Hathaway annual meeting, the CEO shared his thoughts on the state of the markets, Berkshire’s insurance business and recent investments.
Read more »