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Warren Buffett’s Mistake And Other Takeaways From Berkshire Hathaway’s 2021 Shareholder Meeting

Warren Buffett's Mistake And Other Takeaways From Berkshire Hathaway's 2021 Shareholder Meeting


‘LISTEN MORE TO CHARLIE’

Warren Buffett’s Mistake And Other Takeaways From Berkshire Hathaway’s 2021 Shareholder Meeting

Submitted by Jon-Michael Poff

17 hours ago

via fool.com

Buffett and Berkshire Hathaway vice-chair Charlie Munger gave their thoughts on everything from Bitcoin to Robinhood to Elon Musk.

The Lede

Speaking from Los Angeles to a virtual gathering of Berkshire Hathaway shareholders Saturday, the “Oracle of Omaha,” 90, and Munger, 97, opined on all things financial, including Buffett’s admission that reducing his stake in Apple was a mistake. “Charlie in his usual low-key way let me know it was a mistake,” Buffett said. Here are three other highlights from the shareholder meeting.

Key Details

  • Munger said he “hate[s] the Bitcoin success,” calling it “disgusting” and “contrary to the interest of civilization.”
  • The pair had harsh words for Robinhood: Buffett called it “part of the casino group” that’s new to the stock market, while Munger said it is “god-awful” and “deeply wrong.”
  • Asked about providing an insurance policy to Musk for a mission to Mars, BH insurance business head Ajit Jain said he would write no such policy. “It would depend on the premium,” Buffett added.

Source: Warren Buffett’s Mistake And Other Takeaways From Berkshire Hathaway’s 2021 Shareholder Meeting

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