Warren Buffett suggests Apple Inc to buyback more shares

Berkshire Hathaway's $1.14-Billion Loss Explained

He said investors now are much better off owning US stocks, whose prices are elevated but not in a "bubble", and it would take a "nanosecond" for him to choose stocks over 10- or 30-year USA government bonds now yielding around 3 percent.

The price of bitcoin took a dive after Warren Buffett renewed his criticism of the cryptocurrency - even comparing it to rat poison. The cheaper the stock is the more they will get for their money. "People like to speculate, they like to gamble".

Investor Warren Buffett says the economy remains strong and business has been improving lately. He likened it to Oscar Wilde's definition of fox hunting, calling it "the pursuit of the uneatable by the unspeakable".

Greg Abel, who has overseen Berkshire's utilities, said the company's pipeline unit already does better in limited methane emissions that the goal environmental groups have suggested. Berkshire has said its board knows who would become chief executive if the need arose.

Berkshire Hathaway saw its cash balance reach $108 billion in the first-quarter.

"If a $100 billion deal came along that Charlie and I really liked, we'd get it done", he said.

Apple rose almost two percent more on Monday, bringing the company's value to more than $940 billion.

Buffett said Saturday at Berkshire's annual shareholders meeting in Omaha, Nebraska, that the Wall Street Journal, New York Times and Washington Post are likely the only newspapers that can generate enough revenue from their digital products to replace what they lost from the shift away from print.

Buffett commented, saying: "I think it's extremely hard to find acquisitions that would be accretive to Apple that would be in the $50 billion, or $100 billion or $200 billion range", and "I'm delighted to see them repurchasing shares". "If you had bought gold at the time of Christ and you figure the compound rate on it, it may be a couple tenths of a percent".

He also said "The truth is that I've watched Amazon from the start and I think what Jeff Bezos (Amazon CEO) has done is something close to a miracle".

The other rejected measure would have encouraged more Berkshire subsidiaries to produce sustainability reports.

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