Warren Buffett, the 88-year-old chairman and chief executive officer of Berkshir...
NEW YORK - Warren Buffett, the 88-year-old chairman and chief executive officer of Berkshire Hathaway Inc, is taking hours of questions from investors and journalists at the conglomerate’s annual shareholder meeting on Saturday.
Below are some of Buffett’s comments, and those of Berkshire’s Vice Chairman Charlie Munger, on a wide range of topics.“Amazon itself has become a brand. Kirkland is now a brand doing $39 billion. Kirkland does more business than Coke does. Certain retail systems have gained some power, and particularly in the case of Amazon and Walmart and Costco, have gained in power relative to brands.”
“I really regard these bottom line figures ... as potentially being harmful to our shareholders and really not being helpful. Focus on what we call our operating earnings, which were up a bit.”“The question whether we had a $100 billion or $200 would not make a difference in our approach to repurchase shares. We used to have a policy of tying to book value, but that became ... obsolete.”
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