The shareholders of Berkshire Hathaway held Saturday in Omaha, the 50th anniversary of Warren Buffett as head of conglomerate, while billionaire expressed his optimism about the prosperity of the company in the long term, even when he is gone.
The shareholders of Berkshire Hathaway held Saturday in Omaha, the 50th anniversary of Warren Buffett as head of conglomerate, while billionaire expressed his optimism about the prosperity of the company in the long term, even when he is gone. Buffett and his number two, Charlie Munger, for hours responded to questions from shareholders, analysts and journalists at the annual meeting of Berkshire, including some related to the business practices of firms owned or with which they work, as the Brazilian 3G Capital.
Berkshire brings together more than 80 companies, including the railway Burlington Northern, the Geico insurance, Benjamin Moore paints, ice cream Dairy Queen, underwear Fruit of the Loom and See’s Candy, and owns shares worth more than 115,000 million dollars.
Their size and depth, including 63,700 million dollars in cash, have a balance sheet to Berkshire as Buffett, will help you succeed if driven economy by low interest rates that many believe will rise suddenly enters difficulties.
“We will act if there is turbulence. He’ll be ready, not like most people, “he said.
He dismissed Berkshire need special supervision have become too big to fail.
Buffett offered no clues as to who will be his successor, although he said that “I would not want to put at the head of Berkshire someone who only has experience in investment and not at the operational level.”
As usual, there were no major controversies, though Buffett I had to praise the work of 3G Capital, accused by critics mercilessly layoffs in the companies it acquires.
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