Microsoft co-founder and philanthropist Bill Gates backed Warren Buffett‘s decision to up his stake in Apple, saying it is the most well-positioned tech company when it comes to profits. “Apple’s an amazing company, and the multiple’s not gigantic,” Gates told CNBC’s “Squawk Box” Monday from Omaha, where Berkshire Hathaway held a weekend of events around […]
Read moreBerkshire Hathaway Chairman and CEO Warren Buffett said Monday the trend towards autonomous driving cars will hurt the auto insurance industry. “Net it will be bad for the auto insurance industry over time if autonomous cars become a big part of the fleet,” Buffett said on CNBC’s “Squawk Box.” “It’s very hard to tell who […]
Read moreApple opened at a record high Monday, surpassing $185 for the first time, as Warren Buffett doubled down on his praise for the company. Shares opened at $185.18, less than a percent up from Friday’s close. Apple’s previous all-time intraday high came on Friday when the stock hit $184.25. Buffett last week revealed his investment […]
Read moreMicrosoft co-founder Bill Gates said Monday he would bet against bitcoin if he could. “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment,” Gates said on CNBC’s “Squawk Box.” “I agree I would short it if […]
Read moreBerkshire Hathaway Vice Chairman Charlie Munger went after bitcoin again on Monday, doubling down on remarks he made about the digital currency over the weekend. “Bitcoin is worthless, artificial gold,” Munger told CNBC’s “Squawk Box.” “Now that is not something I think the world needs.” “The fact that it’s clever computer science doesn’t mean it […]
Read more
Apple just got a little closer to a $1 trillion market cap after reaching new records. One market watcher sees the world’s largest company breaking through to even higher highs. “We’re still bullish on the name,” said Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors. “They have gone from a […]
Read moreBillionaire investor Warren Buffett‘s right-hand man, Charlie Munger, said Monday there are better investment opportunities in China than the U.S. “The best companies in China are cheaper than the best companies in the United States,” Munger said on CNBC’s “Squawk Box.” “I don’t think it would be all that hard for any smart person to […]
Read more
Billionaire investor Charlie Munger told CNBC on Monday that he wished Berkshire Hathaway had bought even more Apple stock. “I think we’ve been a little too restrained,” Munger told on CNBC’s “Squawk Box” from Omaha, where Berkshire held a weekend of events around Saturday’s annual meeting. “I wish we owned more of it.” On Friday, […]
Read moreWarren Buffett is optimistic the U.S. and China will avoid a serious trade conflict. “The world will not do something stupid over time in trade,” the Berkshire Hathaway chairman and CEO told CNBC’s “Squawk Box” on Monday. “I don’t think we will have trade wars … of significance. … It’s counter to the interests of […]
Read moreBillionaire investor Warren Buffett said Monday he respects the efforts of Elon Musk, head of electric car maker Tesla. “He’s trying to do something to improve a product and I salute him for that,” Buffett said on CNBC’s “Squawk Box.” “The American public will decide whether it’s a success, and it’s not easy.” Last week, […]
Read more