From Investing.com: 2024-05-04 16:31:47

Warren Buffett assured shareholders that Berkshire Hathaway’s potential successors are prepared for their roles and highlighted the strength of Apple, despite trimming its stake. The conglomerate’s cash pile hit a record $189 billion, with the first-quarter operating profit surging 39% to $11.2 billion. Berkshire sold 13% of its Apple shares, reducing its stake to $135.4 billion. Even as cash reserves grow, Buffett praised Apple as a top investment. The annual meeting also honored the late Charlie Munger, with shareholders flocking to Omaha for the event. Berkshire’s diversified stock is up 23% over the past year.



Read more at Investing.com: Buffett says Berkshire is in good hands, lauds Apple despite trimming stake By Reuters