Warren Buffett Jokes, But Not About Berkshire Paying a Dividend

Health care experts from across the political spectrum have said that Trump's healthcare bill is unworkable and suffers from fatal flaws and could lead to Americans dropping out of the healthcare market.

Buffett often calls on the United States to do more to help the working class and has said the tax system is tilted to benefit rich people like him, a point he pressed on Saturday.

"So it is a huge tax cut for guys like me", he said, according to Reuters. Munoz has since "apologized many times, but your first reaction is going to get a lot of attention".

Buffett says Wells Fargo didn't act promptly when it discovered the problem.

Berkshire is Wells Fargo's biggest shareholder.

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Warren Buffett continues looking for major acquisitions for Berkshire Hathaway.

Berkshire plans to name one of its existing managers chief executive officer after Buffett is gone and the decentralized structure of the company allows Berkshire's subsidiaries to largely run themselves.

Common payment strategies award managers inordinate sums for average performance, and Buffett said passive investors could often do just as well on their own.

"The CEO has to act", Buffett said. He has always said that he can make more money for shareholders by investing it than giving it back. "We don't like that and we shouldn't use your money that way for a long period of time", he said at the meeting. "Autonomous vehicles widespread would hurt us", the 86-year-old investor said.

Warren Buffett is considered one of the world's greatest investors, yet even he makes mistakes. Currently, Berkshire has more than $90 billion in cash on hand.

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"If you even have a billion dollar fund and get 2% of it, for awful performance, that's US$20 million", Buffett said.

Buffett also admitted he was wrong to think International Business Machines Corp "would do better" when he started amassing 81 million shares six years ago. I know a lot of the challenges, " he said in an interview.

Buffett also noted that Berkshire reported far fewer investment gains in the first quarter, which dragged on results, but said the company now has a slight preference for taking tax losses, which could lose value if Washington lawmakers reduce the 35 percent corporate tax rate.

In other businesses, it will depend on how much competitive pressure there is to lower prices after a tax cut.

At Berkshire's annual meeting Saturday, Mr. Buffett offered no new clues about who would eventually succeed him as CEO, though he did suggest that person could take over while Mr. Buffett is still alive.

North Korea's missiles will get better
North Korea said in an official statement that the United States "will soon clearly know what real war tastes like". When asked if a new nuclear test by Pyongyang would lead to USA military action, Trump said: "I don't know".

Berkshire vice-chairperson Charlie Munger, who was also answering shareholder questions during the annual meeting, agreed with the assessment.

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