Billionaire Warren Buffett Calls Bitcoin 'Rat Poison Squared'

Why Elon Musk and Warren Buffett Are Suddenly Trolling Each Other Over See's Candies

Warren Buffett is still not a fan of investing in bitcoin.

Berkshire Hathaway Inc. on Saturday reported a $1.1 billion first-quarter loss as new accounting rules forced it to change the way it accounts for the value of its investments. The price is certainly down since his broadside, though as ever it is hard to say what has caused Bitcoin's latest fluctuations. The company also has major investments in such companies as American Express, IBM and Wells Fargo & Co.

It came two days later Buffett showed acquiring bought seventy five million added Apple stocks, and four weeks later Apple said it may purchase again $100 billion (around Rs. 6.7 lakh crores) of stock exchange.

Analysts surveyed by FactSet expected operating earnings of $2.08.

Billionaire US investor Warren Buffett said on Saturday that his firm, Berkshire Hathaway, would be interested in buying more shares of Apple if they are available at the right price.

"I'm delighted to see them repurchasing shares", Buffett told Berkshire shareholders at the conglomerate's annual meeting.

Mohamed Salah Slated For This 'Embarrassing' Moment Against Former Club Chelsea
He went down under the challenge of Gary Cahill at the edge of the box and fans aren't happy as there was no contact. However, on occasions when Liverpool have failed to take the lead, their record makes a fairly miserable reading.

The shares closed up 3.9 percent at US$183.83 on Friday.

Charlie Munger, Berkshire Hathaway's Vice Chairman stated during the meeting about trading in digital assets as "just dementia".

Buffett said that cyber risk is part of his estimate that every year carries about a 2 percent chance of a super catastrophe that would cause $400 billion or more of insured losses.

General Re (GenRe) also managed a profit, with growth in premiums earned helping the reinsurer to an underwriting profit of $130 million, compared to its loss of -$141 million in the prior year.

Buffett said he had "made a mistake" on conglomerate Alphabet. Pre-tax underwriting gains almost quadrupled, as it sold more policies despite having raised rates, while the rate of policyholder losses fell. "There are some pretty good moats around". "The number of claims are down somewhat".

BNSF railroad added $1.1 billion to Berkshire's profit, up from $838 million previous year.

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