Warren Buffett proves why investing in stocks beats gold

Warren Buffett's Berkshire swings to rare loss but performs better

Warren Buffett says it's 'a win-win situation when the world trades'

Book value, which measures assets minus liabilities, also took a hit from falling stock prices, falling 0.3 percent to $211,184 per Class A share, even though Buffett boosted his stake in Apple Inc by $12.5 billion in the quarter.

Still, operating earnings, which Buffett has said are a better guide of the company's performance, insulated in large part from the ups and down in the markets that can buffet the company's investments, increased. The latest 75 million shares are further addition to its now existing stock.

Billionaire Warren Buffett made a huge bet on Apple, adding 75 million shares to his existing position of more than 165 million shares.

For Warren Buffett, CEO of Berkshire Hathaway, which owns Geico, that prompts the question: what does this mean for vehicle insurance?

"If you look at Apple, I think it earns nearly twice as much as the second most profitable company in the United States", Mr. Buffett told CNBC, which first reported the news on Thursday.

While Buffett invested his cash in Cities Service preferred stock, he said if he'd had $10,000 to invest and had bought the equivalent of an S&P 500 index fund (index funds didn't exist in those days) that $10,000 would be worth $51 million today.

Berkshire Hathaway (BRK-A, BRK-B) is holding its 2018 Annual Shareholder Meeting in Omaha, Nebraska Saturday starting at 9:45 a.m. ET.

Jeffrey Tambor confirmed for new season of Arrested Development
Amazon, however, launched an investigation into the claims, which ended in Tambor being removed from the series in February . Tambor denied the claims, calling them "baseless".

Morgan Stanley analyst Kai Pan wonders why once tech-stock-shy Buffett thinks the investment in Apple will turn out better than his admitted mistake buying IBM.

Billionaire Warren Buffett says it is not likely that the USA and China will come to loggerheads on trade, saying the two countries would avoid doing "something extremely foolish". "And I was wrong on the first one (IBM), and we'll find out whether I'm right or wrong on the second (Apple)", Buffett had said a year ago.

Warren Buffett on Saturday said the health partnership formed by his Berkshire Hathaway, JPMorgan Chase & Co. and Amazon.com Inc.is making progress and will likely have a chief executive in place in a "couple months".

Besides investments, Berkshire owns more than 90 subsidiaries in a variety of industries, including insurance, utilities, railroads, and manufacturing.

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.

The Trump administration has drawn a hard line in trade talks with China, demanding a $US200-billion cut in the Chinese trade surplus with the United States, sharply lower tariffs and advanced technology subsidies, people familiar with the talks said on Friday. The shares closed up 3.9% at $183.83 on Friday.

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