Investing guru Warren Buffett says he thinks the USA economy and housing markets are steadily getting better and that "homebuilding will be the best sector this year, in my view".
Buffett is least excited by driverless cars and trucks, saying they pose a threat in many ways. Aside from not being tech-savvy, Buffett said he always felt Amazon shares always "looked expensive".
Shareholders overwhelmingly rejected a proposal that would have required Berkshire to disclose its political contributions twice a year.
"Sometimes there have been restrictive laws in terms of the percentage we can own, and that's a disadvantage", he said.
Listening to Warren Buffett never gets old to thousands of Berkshire Hathaway shareholders.
He told Berkshire shareholders on Saturday that Geico, a Berkshire subsidiary, was paying Google $10 per click whenever someone clicked on its ads.
High average occupancy has kept prices from rising, Buffett said.
"We're not going to change anything at the railroad just for some little tax jiggle", Munger said, referring to Berkshire's BNSF unit. Buffett has said most of the money he is leaving for his wife after his death will be invested in a Vanguard S&P 500 index.
The billionaire has long said that he plans to work for as long as possible, and while he has identified successors for his roles as Berkshire's chairman and top stock picker, he has not said who would actually run the company.
Buffett reiterated at the annual Berkshire Hathaway Inc.
Le Pen speech plagiarism 'a wink to former candidate Fillon'
The moderate CFDT union marked the May Day holiday with a small Paris rally against Le Pen, leader of the National Front party. Then-party leader Jean-Marie Le Pen sought to distance himself from the attackers, but the death drew national outrage.
Buffett has no plans to leave his job as chairman and CEO of the Berkshire Hathaway conglomerate he built through acquisitions over more than 50 years.
To no one's surprise, Buffett did not mention who would take over for him as Berkshire's chief executive. He said the company had too much cash it could not reasonably deploy.
"If you even have a billion dollar fund and get 2% of it, for bad performance, that's US$20 million", Buffett said. In the past year alone, almost all of Buffett's stocks are up, particularly Apple (aapl), which now happens to be the world's top-paying dividend stock in terms of dollars paid out.
Buffett said the bloody removal of a 69-year-old passenger from a United Express plane in Chicago was obviously "a awful mistake".
"The investing world is just a morass of wrong incentives, insane reporting and, I'd say, a fair amount of delusion", Munger said.
Buffett, a Democrat who vocally supported Hillary Clinton's unsuccessful White House candidacy, added that the impact of lower corporate taxes would not translate into higher profits across all of Berkshire's many dozens of businesses.
For instance, at the regulated utilities Berkshire owns, any benefit from a tax cut will be passed on to customers through lower rates.
"Whether it's a better tax system or not depends on how it's constructed", he said.
Asked why Berkshire Hathaway bought Apple stock, Buffett said, "The shares when we bought them at least were much more reasonable in relation to current earnings".