Warren Buffett is not too anxious of a Transaction Warfare

I’m starting a candy company & it’s gonna be amazing’ Musk goes full Willy Wonka in Buffett spat

I’m starting a candy company & it’s gonna be amazing’ Musk goes full Willy Wonka in Buffett spat

"I'm delighted to see them repurchasing shares", Buffett said.

In other comments at the shareholder meeting on Saturday, Buffett said it is unlikely that the United States and China will come to loggerheads on trade.

Warren Buffett said he would be happy if his conglomerate Berkshire Hathaway owned more than 5 percent of Apple's stock, including if the iPhone maker bought back more of its shares.

Apple's share price hit a record high after Buffett revealed having boosted Berkshire's already large stake in the Cupertino, California-based company to roughly 240 million shares, now worth some $44 billion (2.95 lakh crores).

Furthermore, Buffett said that he would love to see Apple go down in price so Berkshire Hathaway could further increase its ownership. "If you look at Apple, I think it earns nearly twice as much as the second most profitable company in the U.S".

Apple developers products that Buffett describes as being "extremely sticky, meaning that customers become attached to these products and in turn support Apple as a company".

At the end of the first quarter of 2018, Berkshire owned $40.7 billion of Apple's shares - up from $28.2 billion at the end of 2017, The New York Times reported.

However, the "Oracle of Omaha" told investors investing Berkshire's cash stockpile-which now amounts to around $108 billion-was a challenge.

The investor expressed scepticism that any insurance company can assess the risk for cybersecurity events, the CNBC report said.

"My phone is not ringing off the hook with good deals", he said.

However, operating profit excluding investment and derivative gains and losses, surged 49 percent year-on-year to a record $5.29 billion.

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