Morning Brief: Berkshire Hathaway Edition

 

Saturday, May 5, 2018

Watch live today

Berkshire Hathaway (BRK-A, BRK-B) is holding its 2018 Annual Shareholder Meeting in Omaha, Nebraska Saturday starting at 9:45 a.m. ET. Tune into Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger as they share their views on the company, market, economy and more.

Buffett’s remarks will likely move markets. Just yesterday Apple (AAPL) shares hit a record high after Berkshire disclosed that it bought 75 million shares in the first quarter of this year.

Watch the livestream here

Our exclusive with Buffett

How you could’ve turned $114 into $400,000 with a simple long-term investmentMany of us know the magic of investing money in the stock market — just letting it sit and watching it grow — but few of us really grasp just how powerfully enriching this can be. Not surprisingly, Warren Buffett, the world’s greatest investor, has a vivid example of this which he shared with Yahoo Finance Editor in Chief Andy Serwer.

Good habits may be more important than IQWhen asked if young people — who are often saddled with student loan debt and high rents — should be expected to start saving and investing, Buffett said, “I think the habits you develop are terribly important. They may be more important than IQ or something.”

Why Buffett is not afraid of the stock market: The Berkshire Hathaway CEO is one of the most ardent bulls when it comes to the U.S. stock market and the economy at large. But it’s his steadfast belief in the U.S. economy that ultimately bolsters Buffett’s view on our financial markets. And why Buffett doesn’t fear the sometimes scary volatility that can come to the market.

Buffett: Women make me ‘very optimistic’ about this country: Buffett is bullish on the potential of women in the U.S. to boost the economy. “I have two sisters that are absolutely smart as I am and better personalities,” Buffett told Yahoo Finance’s Editor in Chief Andy Serwer in a wide-ranging interview.

Driverless cars will dramatically reduce insurance premiumsBy now, the question for driverless cars is when, not if. For Warren Buffett, CEO of Berkshire Hathaway, which owns Geico, that prompts the question: what does this mean for car insurance?

Buffett on buying bitcoin: When Warren Buffett speaks, investors listen. And Buffett is still not sold on bitcoin. “There’s two kinds of items that people buy and think they’re investing,” he says. “One really is investing and the other isn’t.” Bitcoin, he says, isn’t.

For more of the latest news, go to Yahoo Finance

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