From Nasdaq: 2024-05-04 18:19:00

Warren Buffett’s annual meeting with Berkshire Hathaway investors was tinged with a sense of loss following Charlie Munger’s passing. Notably, Berkshire sold 13% of its Apple stake in Q1, citing valuation concerns and the potential for higher capital gains taxes in the future. The conglomerate’s cash position now exceeds $182 billion, signaling a defensive approach. Buffett remains cautious but optimistic about limitless opportunities in the American economy.



Read more at Nasdaq: Warren Buffett Discusses Apple, Cash, Insurance, Artificial Intelligence (AI), and More at Berkshire Hathaway’s Annual Meeting