Warren Buffett has attended the Berkshire Hathway annual meeting without his business partner and friend Charles Munger for the first time on Saturday.
At the annual meeting, Warren Buffett first came onto the stage, where he offered homage to longtime friend and business partner Charles Munger (who passed away in November at 99).
Notably, he also explained the reason that why Berkshire sold the some of its apple stock and also revealed that he lost a bet on Paramount.
However, he later reiterated Berkshire Hathaway’s dedication to keeping its investment in Apple, even after the recent decrease in the firm’s holdings.
Later, he also honored Munger with a presentation featuring images of Omaha which dating back to 1924. Followed by the depiction of Buffet-Munger’s relationship over the decades.
While speaking on the stage Warren Buffett said, “I have been in the position of having people I trust around me.”
Giving a Video tribute Buffett further remarked “Charlie’s architectural thoughts led to the Berkshire Hathaway of today.” Where he emphasized how Charles’s vision for the company transcends time.
Before starting the review of the first quarter’s earnings, Buffett highlighted the objectives of the company “The goal of Berkshire… is to increase the operating earnings.”
Later he also expressed his enthusiasm to the expansion of cash stake amidst global uncertainty.
And also projected that cash reserves will exceed $200 billion by June’s end. Thus, enduring its commitment to USA.
“We will be American oriented. “asserted Buffett. Hinting at the likelihood of major investments within the country.
Further he also reassured the shareholders, that Apple will always be significant investment for the company unless drastic major changes take place.