Buffett’s Berkshire more than doubled its stake in Apple

Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc. had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire’s biggest equity holdings, and that U.S. stocks overall were not in “bubble territory.” “Apple strikes me as having quite a sticky product and an enormously useful product to people that use it, not that I do,” said Buffett, chairman and chief executive of Berkshire Hathaway.

The Latest: Buffett says $143B Unilever talks soured quickly

Warren Buffett says the proposed $143 billion offer to acquire Unilever, a deal with links to his company, fell apart quickly because the European company wasn’t interested. Buffett said Monday on CNBC that his Berkshire Hathaway and 3G Capital abandoned Kraft Heinz Foods’ bid for Unilever because they were interested only in a mutually agreed upon tie-up, not a hostile takeover.

Don’t waste money on fees: Buffett

Investor Warren Buffett praised the country’s market system for its ability to allow Americans to continue building “mind-boggling amounts” of wealth. Photo / Supplied Billionaire Warren Buffett used his much anticipated annual letter to Berkshire Hathaway shareholders to reiterate his wariness of high Wall St fees and his positive outlook for the US economy.

What billionaire Buffett said in his annual letter to shareholders

The legendary investor also devoted a portion of his annual shareholder letter to pointing out some of his biggest mistakes Billionaire investor Warren Buffett used his annual letter to laud immigrants and their contribution to the growth of the US economy amid President Donald Trump’s anti-immigrant stance. “Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers,” he wrote in the letter to shareholders of his massive Berkshire Hathaway conglomerate.

Who are the 8 richest people? All men, mostly Americans

The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in t… . FILE – In this Monday, Aug. 1, 2016 file photo, Berkshire Hathaway Chairman and CEO Warren Buffett applauds at a rally for Democratic presidential candidate Hillary Clinton in Omaha, Neb.