DIRS.INFO The most relevant business & tech news

☆ The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius
▼ + stars: | 2024-05-16 | by ( Ryan Ermey | ) www.cnbc.com time to read: +10 min

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. A shopping extravaganzaFor many shareholders, the annual meeting is less about buy-and-hold investing and more about, well, buying. Judith Lieber clutches were among the items on sale at Borsheim's in Omaha, Nebraska. The CHI Health Center before the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. Warren Buffett poses with Martin, the Geico gecko, ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 3rd, 2024.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Charlie Munger, I've, I'd, Borsheim's, Judith Lieber, Ryan Ermey, Diane Cunningham Redden, —, Clayton, Brooks, Sarah Min, who'd, She'd, they'd, James Eddins, Greg Abel, Carol Loomis, David A, Charlie, Guy Spier, Spier, Charlie Munger's, Doerthe Obert, Martin Organizations: Berkshire, Berkshire —, Oracle, CNBC, Nebraska Furniture Mart, IWC, CHI, Buffett, Squishmallows, Berkshire Hathaway, CHI Health, Apple, Harlem Globetrotters, Grogen, Aquamarine Fund, Grogan Locations: Omaha , Nebraska, Berkshire, England, Woodstock, Omaha, Geico, Nebraska, Borsheim's, China, Australia, Cincinnati , Ohio, Diane Cunningham Redden Cincinnati , Ohio, Columbus , Nebraska, Fairhope , Alabama, Zurich

☆ McDonald's is betting on its mobile business with new franchisee digital marketing fund
▼ + stars: | 2024-05-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

McDonald's U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo viewed by CNBC on Thursday. Loyalty program members accounted for more than $6 billion in system-wide sales globally during McDonald's first quarter. The company has 34 million active digital customers in the U.S. By comparison, Chipotle Mexican Grill has 40 million loyalty members, while Starbucks has 32.8 million. In December, McDonald's said it aims to reach 100 million loyalty program members by 2027. Franchisees in the U.K., Canada, Australia and Germany will also pay into the global digital marketing fund.

Persons: Tariq Hassan, Whitney McGinnis, McDonald's Organizations: CNBC, Grill, Starbucks Locations: U.S, Canada, Australia, Germany

☆ Warren Buffett's company dumped stocks and grew its cash pile to a record $189 billion last quarter
▼ + stars: | 2024-05-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Warren Buffett's Berkshire Hathaway grew its cash pile to a record $189 billion last quarter. Berkshire dumped a net $17 billion of stocks, and boosted its buyback spend to $2.6 billion. The famed investor's Berkshire Hathaway raised its stockpile of cash and Treasury bills by $21 billion to a record $189 billion — a 13% increase in just three months. Related storiesThe centibillionaire and his team only spent $2.7 billion on stocks last quarter, while they dumped $20 billion worth, marking their largest quarterly disposal in several years. AdvertisementBerkshire's net stock sales totaled $24 billion in 2023, which was a big turnaround from its purchase of $34 billion of stocks on a net basis in 2022.

Persons: Warren, Berkshire Hathaway, —, Buffett, NetJets Organizations: Berkshire, Service, BNSF Railway, Travel Centers Locations: Woodstock

— Warren Buffett's annual shopping event, the pregame to Berkshire Hathaway 's annual meeting, is wowing shareholders flocking here this weekend. JazwaresSquishmallow pit at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nevada on May 3, 2024. Sarah Min | CNBCSome highlights include the latest Squishmallows toys for Buffett and Charlie Munger, a splashy Squishmallows pit, as well as other displays. Poor Charlie's AlmanackCharles Munger remembrance ahead of the Berkshire Hathaway Annual Shareholders Meeting at Omaha, Nevada on May 3, 2024. Sarah Min | CNBCThe Bookworm only had one book to sell this year: "Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T.

Persons: Warren Buffett, Charlie Munger, Sarah Min, — Warren, Berkshire Hathaway, Brooks, Buffett, Charles Munger, Charles T, Munger, Haslam, Warren Buffett's Berkshire Hathaway, CNBC Brooks Organizations: Berkshire Hathaway, CNBC OMAHA, Berkshire, CHI, CNBC, CNBC Jazwares, Berkshire Hathaway's, FlightSafety, CNBC Berkshire, Travel Centers, Procter & Gamble Locations: Omaha , Nebraska, Neb, Omaha , Nevada, Berkshire, North America, Brooks, Queen

☆ Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow
▼ + stars: | 2024-04-19 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it's eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working with clients that range from more than 4,700 hospitals including the Cleveland Clinic to major brands such as Walmart and GNC. The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents and delivered more than 10 million products. The push into restaurant partnerships marks an "obvious transition" he said, due to the continuing growth in interest in instant food delivery. Zipline deliveries for some Panera locations in Seattle are expected to begin next year, the Panera franchisee's chief operating officer Ron Bellamy told CNBC.

Persons: It's, Keller Rinaudo Cliffton, Rinaudo Cliffton, Ron Bellamy, I'm, Bellamy Organizations: Cleveland Clinic, Walmart, Sequoia Capital, a16z, Google Ventures, CNBC, Memorial Hermann Health Locations: San Francisco, Ghana, Seattle, Houston, Detroit

☆ Millions of people are traveling to see the total eclipse. Hotels, motels, and skydiving operators are making bank on it.
▼ + stars: | 2024-04-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

AdvertisementAs millions of Americans get ready to watch the total solar eclipse on Monday — an event NASA has described as rare and "spectacular" — the phenomenon stands to lift local economies. According to NASA, this year's eclipse is set to last three to four minutes, longer than the last solar eclipse, in 2017. Former President Donald Trump looked up at the solar eclipse without glasses during the last eclipse. The glasses sold for $1.50 to $2 apiece. "We've shipped already about 70 million glasses, and I suspect I'm going to approach right at 75 million by the time next week comes," Jerit said.

Persons: —, Donald Trump, John Jerit, We've, Jerit, Jason Berger Organizations: Service, NASA, Perryman Group, New York Times, Marriott, The Washington, Getty, Optics, NPR, Fox News Locations: Texas, New York, Texas , Ohio, Grayville , Illinois, Dallas

☆ Federal regulators are wielding a classic Warren Buffett concept to go after Apple — his biggest stock bet
▼ + stars: | 2024-03-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Federal regulators used the word "moat" eight times in their civil antitrust complain to describe the defenses that Apple sets up to keep competitors at bay. AdvertisementCastles and moatsBuffett popularized the concept of a company having a "moat" around it that protects it from rivals. The dynamics of capitalism guarantee that competitors will repeatedly assault any business 'castle' that is earning high returns. AdvertisementThe Department of Justice has added insult to injury by not only targeting Buffett's biggest stock bet, but also wielding the investor's moat metaphor against him, at least indirectly.

Persons: —, cheekily, Warren Buffett, Buffett, Berkshire Hathaway, you've, Elon Musk, he's, Charlie Munger, Apple, He's, Tim Cook, they're Organizations: Service, Justice, Apple, Business, Berkshire, Coke, Gillette, Costco, Cola, American, Regulators, of Justice Locations: Berkshire, Apple, Buffett's, Berkshire's

☆ Tennessee Republican sued over post falsely identifying Kansas man as Chiefs parade shooter and 'illegal Alien'
▼ + stars: | 2024-03-26 | by ( Zoë Richards | ) www.cnbc.com time to read: +3 min

A Kansas man is suing Rep. Tim Burchett, R-Tenn., over social media posts that falsely identified him as an undocumented immigrant and one of the shooters in the Kansas City Chiefs Super Bowl parade that turned deadly last month. "At no time was Plaintiff an 'alien,' an 'illegal alien,' nor a 'shooter' and the assertions to the contrary were false and were circulated widely among Defendant's followers," the lawsuit states. Burchett in February posted an image of Loudermill on X, identifying him as "one of the Kansas City Chiefs victory parade shooters" and "an illegal Alien." Federal courts require cases seeking damages between people in different states, such as this one, to exceed $75,000. Although he was released and not cited or charged with a crime, the lawsuit states, his image began circulating on social media, eventually landing on Burchett's page.

Persons: Tim Burchett, Denton Loudermill Jr, Loudermill, Burchett, Dominic M, Miller, Lyndell Mays, Raytown, Terry J, Young, Donald Trump, — Diana Paulsen Organizations: Kansas City Chiefs Super, Tennessee, Kansas City Chiefs, Chiefs, Kansas City, Congressional, Knox County Locations: Kansas, Kansas City , Kansas, Olathe , Kansas, Kansas City, United States, Knoxville

☆ The 3 states where 'Big Short' investor Kyle Bass is buying real estate to capitalize on migration trends
▼ + stars: | 2024-03-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Kyle Bass is investing in Texas, Florida, and Tennessee, he said in a recent interview with the Investor's Podcast Network. These states should benefit from migration to lower-cost states, a trend that's already happening. Bass has been buying rural land to capitalize on demand for environmental credits. By then, the price-per-acre of rural land had appreciated 123% over the decade, the outlet cited. "When I think about gold versus rural land again, I have the population demographic in my tailwind," he said in 2022.

Persons: Kyle Bass, Bass, he's, isn't Bass Organizations: Service, Bloomberg, Hayman Capital, Equity Management Locations: Texas , Florida, Tennessee, Florida , Tennessee, Texas, West Coast, California, New York, China

Bill Lee on Monday stood before the GOP-dominant Legislature with a much more ambitious pitch: Make school vouchers universal throughout the state. Photos You Should See View All 45 ImagesThe governor floated his school voucher proposal during his annual State of the State address. Yet Lee's school vouchers push has quickly attracted the most attention. Under Lee's ambitious expansion plan, the state would create a new tier of school vouchers called “education freedom” scholarships. The first year of the program would cost $144 million to offer 20,000 scholarships to Tennessee families.

Persons: Bill Lee, Lee, Lee's, ” Lee, it's Organizations: Tennessee Gov, Monday, GOP, Democratic Locations: Tenn, It's, Tennessee, Tennessee's, Davidson, Shelby, Nashville, Memphis, Hamilton County, Chattanooga

So did South Carolina's Spencer Rattler for the American team. Milton was 9-of-13 passing for 80 yards for the American team but was intercepted twice. Notre Dame's Sam Hartman played most of the way for the National team. TCU's Bailey had four runs and a catch totaling 35 yards on the American team's first five plays. Florida State defensive tackle Braden Fiske switched sides Saturday morning to the National team because of roster attrition.

Persons: Chau Wade, Smith, Wade, Joe Milton III, wasn't, Emani Bailey, Joshua Karty, Stanford, Mary, Tulane's Michael Pratt, Michael Penix Jr, Oregon's Bo Nix, Carolina's Spencer Rattler, Nix, Brevyn Spann, Rattler, Geogia's Marcus, Rosemy, Milton, Sam Hartman, TCU's Bailey, Braden Fiske, Tim Tebow, margarita, Jimmy Buffett Organizations: — Washington State, American, NFL, TCU, Washington, Heisman, Huskies, Auburn, Ford, Notre, National, team's, Florida State, Mobile, ___ AP Locations: Minnesota, Florida

Tennessee is among 35 states, all five U.S. territories and four tribes that have opted into the Summer Electronic Benefits Transfer program, or Summer EBT, for this summer. "Established during the pandemic, Summer EBT was intended to supplement existing food assistance programs in extraordinary circumstances. “I think it is a mistake to not continue with Summer EBT in 2025 and beyond,” Anderson said in an interview. Under the federal program, some 644,000 Tennessee children can receive $77.3 million more in aid this summer, creating a multiplied economic impact, according to the USDA Food and Nutrition Service. All 50 states administer the existing Summer Food Service Program, which provides sites where kids can eat for free.

Persons: won’t, Joe Biden's, Bill Lee's, ”, Elizabeth Johnson, Lee, EBT, Signe Anderson, she's, ” Anderson, Jim Pillen, Tom Vilsack, he’s Organizations: —, . Tennessee, Republican, Republican Gov, “ Tennessee, Tennessee Justice Center, U.S . Department of Agriculture, USDA, Assistance, Nebraska Gov, USDA Food, Nutrition Service, Food Service Program, Associated Locations: Tenn, — Tennessee, ., Tennessee, “, Nebraska, ” Tennessee

The attorneys general of Tennessee and Virginia filed a lawsuit against the NCAA on Wednesday, a day after the University of Tennessee's chancellor ripped the association for investigating the school for potential recruiting violations related to name, image and likeness compensation rules. The lawsuit filed in the Eastern District of Tennessee claims the NCAA is “enforcing rules that unfairly restrict how athletes can commercially use their name, image and likeness at a critical juncture in the recruiting calendar." Tennessee released a scathing letter Chancellor Donde Plowman wrote to Charlie Baker shortly after school officials met with NCAA representatives to discuss the allegations. She said leaders of collegiate sports owe it to students and their families to act in their best interest with clear rules — and that the NCAA is nowhere close to providing that. “In short, the NCAA is failing.”___AP college football: https://apnews.com/hub/college-football and https://apnews.com/hub/ap-top-25-college-football-poll

Persons: Sherman, ”, Donde Plowman, Charlie Baker, ” Plowman, “ Organizations: NCAA, University of Tennessee's, Eastern District of, Volunteers, Spyre Sports Group, Tennessee, AP Locations: Tennessee, Virginia, Eastern District, Eastern District of Tennessee

KNOXVILLE, Tenn. (AP) — Ta'Lon Cooper hit a critical 3-pointer with 40 seconds left and scored 18 points, and B.J. Myles Stute scored 13 points for the Gamecocks (18-3, 6-2 Southeastern Conference), who have beaten the conference's two highest-ranked teams. South Carolina led by three points with 30 seconds left when Stute hit two free throws. Stute hit two more free throws with 4 seconds left to seal the win. Tennessee shot 36% (21 for 58) from the field and 24% (5 for 21) from 3-point distance.

Persons: — Ta'Lon Cooper, Mack, Myles Stute, Dalton Knecht, Santiago Vescovi, Stute, Knecht, Cooper, Lamont Paris, Vescovi, …, ___ Organizations: Gamecocks, Conference, Volunteers, Tennessee, Vols, NEXT, Bulldogs, AP Locations: KNOXVILLE, Tenn, South Carolina, Tennessee, Kentucky, Carolina, Georgia

The announcement shocked civil rights advocates, who countered that the state's system is already arduous and this latest requirement will only further worsen voter disenfranchisement throughout the state. However, in GOP-dominant Tennessee, Republican leaders have repeatedly shrugged off calls to reform the state's voting-rights restoration policy. Voting rights advocates have argued the legal interpretation was way off-base. The change, instituted by elections officials in July, has since halted almost all voting rights restorations: More than 60 people were denied and just one person approved. “It's un-American.”Democratic Rep. Joe Towns likened the state's policy to Jim Crow-era laws that were put in place with the intent of stopping Black people from participating in elections.

Persons: —, shouldn't, ”, William Lamberth, you’ve, it’s, We’ve, Cameron Sexton, Randy McNally, I’m, they’ve, ” McNally, “, Sen, Raumesh, wasn't, Mark Goins, ” Akbari, “ It's, Joe Towns, Jim Crow Organizations: Associated Press, GOP, Republican, Democratic, AP, “, Tennessee Constitution, Assembly, ” Democratic Locations: Tenn, Tennessee, Raumesh Akbari, Memphis

Page Walley on Tuesday stopped short of fully removing the law and instead introduced legislation that would remove those convicted of aggravated prostitution of having to register as a violent sex offender. “But removes the sex offender registration.”Prostitution has long been criminalized as a misdemeanor in Tennessee. Nearly 20 years later, the state legislature revised the law once more by requiring lifetime sex offender registration for those convicted under the controversial statute. Instead, the GOP-controlled Senate Judiciary Committee on Tuesday agreed to advance a proposal that would drop the lifetime sex offender registration requirement. The plaintiffs challenging the law in federal court, all named Jane Doe, have described years of harassment and hardships in finding housing and employment that complies with Tennessee's violent sex offender registry.

Persons: ”, Republican Sen, Page, ” Walley, Walley, Jane Doe, Bill Lee's, It's Organizations: The U.S . Department of Justice, Republican, for Disease Control, GOP, Gov Locations: Tenn, Tennessee, The, Illinois, New Jersey, Virginia, Shelby County, Memphis

☆ The most famous local dish from every state
▼ + stars: | 2023-12-20 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Every state has its own iconic dish, whether it was invented or popularized there. AdvertisementEvery state has its own iconic dish that it's famous for. Business Insider looked at the most famous local dishes across the country, from Illinois' famous deep-dish pizza to the Colorado-born "Fool's Gold" sandwich. Some famous foods, like Nashville hot chicken, are a major part of driving tourism to the state, and even nationwide chains like KFC and Dave's Hot Chicken have added iterations of Tennessee's most famous local dish to their menus over the years. Here's the most famous local dish from every state.

Persons: — Organizations: Service, Business, Colorado -, KFC Locations: Maine, Connecticut, Tennessee, Illinois, Colorado, Nashville

NASHVILLE, Tenn. (AP) — Tennessee's decades-old aggravated prostitution statute violates the Americans with Disabilities Act, the U.S. Department of Justice announced Friday after an investigation, warning that the state could face a lawsuit if officials don't immediately cease enforcement. LGBTQ+ and civil rights advocates have long criticized the measure as discriminatory, making it almost impossible to find housing and employment due to the restrictions for violent sex offenders. The DOJ letter details several of the struggles of those with aggravated prostitution convictions. A lifetime sex offender registration can stop people from visiting with their grandchildren, revoke job offers, and severely limit housing options. Plaintiffs who had filed a lawsuit seeking to block the aggravated prostitution law in October said the DOJ's letter only further supports their efforts.

Persons: —, ”, Bill Lee, “, Kristen Clarke, Jonathan Skrmetti, David Rausch, Steven Mulroy, it's, Mulroy, ” Brandon James Smith, Skrmetti, “ OUTMemphis, Molly Quinn, OUTMemphis, Adrian Sainz Organizations: U.S . Department of Justice, American Civil Liberties Union, Transgender Law Center, Justice Department’s Civil Rights Division, of, DOJ, Associated Press Locations: Tenn, Tennessee, United States, Shelby County, Memphis, Memphis , Tennessee

Twin Rivers Farm could break records as Tennessee's priciest home if it fetches its $65 million asking price. Apart from the 10,626 square foot main residence, the estate features a barn, guesthouse and a man-made lake, stocked with trout for fishing and swimming. McEwen GroupThe previous record for the most expensive home sold in the state, set in 2010, stood at $28 million. McEwen GroupThe estate has multiple hidden passages leading to a game room, a safe room and a wine cellar. McEwen GroupThe property's barn houses the Keeles' chickens and sheep.

Persons: Tennessee's, Justin Timberlake, Nicole Kidman, Dan McEwen, McEwen, It's, McEwen Group Larry Keele, Larry, He's, " McEwen Organizations: McEwen Group, CNBC, McEwen, Oaktree Locations: Nashville, Leipers, Middle Tennessee, New York , Illinois, California, Twin Rivers, Rivers, Los Angeles, LA, Tennessee, France

☆ Tour Tennessee's $65 million mansion
▼ + stars: | 2023-11-30 | by ( Chris Dilella | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTour Tennessee's $65 million mansionTwin Rivers Farm could break records as Tennessee's priciest home if it fetches its $65 million asking price.

Persons: Tennessee's

☆ 6 longevity tips Charlie Munger believed in for a long and happy life
▼ + stars: | 2023-11-29 | by ( Kate Hull | ) www.businessinsider.com time to read: +4 min

Berkshire Hathaway vice chairman Charlie Munger has died at 99. Munger was known for his pragmatic life advice, including tips for longevity. AdvertisementCharlie Munger, vice chairman of Berkshire Hathaway and right-hand man to Warren Buffett, died Tuesday. To remain cheerful, Munger said that it's key to let go of negative emotions. Buffett also credited Munger with the success of Berkshire Hathaway, saying it was "built to Charlie's blueprint."

Persons: Charlie Munger, Munger, —, Berkshire Hathaway, Warren Buffett, Forbes —, Still, Warren Buffet, Buffett, Candy Organizations: Berkshire Hathaway, Service, Berkshire, CNBC, Harvard, Daily Locations: Omaha, Munger munched

☆ Charlie Munger ate peanut brittle, drank Diet Coke, and refused to exercise — and still lived to 99. Did that make him a SuperAger?
▼ + stars: | 2023-11-29 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +5 min

Genetics likely played a large part in his health, an aging expert told Business Insider. Munger was a fan of donuts (in moderation), peanut brittle , and Diet Coke, and he avoided exercise as best he could, he said. "I'm eating this good peanut brittle," he told CNBC during an interview in February 2023. Munger favored peanut brittle by See's Candy, which is owned by Berkshire Hathaway. AdvertisementThe only exception to that was when he served in the US Army Air Force for three years and had to exercise, Munger said.

Persons: Charlie Munger, Berkshire Hathaway, Munger wasn't, —, Warren Buffett, Munger, Forbes, Coke, Hilary Brueck, Charlie Munger's, Candy, Charlie, Brue, I've, Dawn Skelton, Skelton Organizations: Berkshire, Service, Associated Press, CNBC, Moor, Research, US Army Air Force, Glasgow Caledonian University Locations: SuperAging, Zoomtopia, Scotland

☆ Why Warren Buffett wouldn't have become the greatest investor ever without Charlie Munger
▼ + stars: | 2023-11-29 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett is arguably the most celebrated investor of our generation, but he couldn't have earned the title without Charlie Munger's influence. Munger, Berkshire Hathaway's vice chairman who passed away Tuesday at the age of 99, was instrumental in directing a young Buffett into buying strong-brand quality companies instead of dirt-cheap failing names that he called "cigar butts." The blueprint Munger instilled in Buffett was simple: To buy a wonderful business at a fair price, not a fair business at a wonderful price. In 1972, Munger convinced Buffett to sign off on Berkshire's purchase of See's Candies for $25 million even though the California candy maker had annual pretax earnings of only about $4 million. "Overall, we've kept moving in the direction of better and better companies, and now we've got a collection of wonderful companies, Buffett said.

Persons: Warren Buffett, couldn't, Charlie Munger's, Buffett, Munger, Charlie Munger, Benjamin Graham, we've Organizations: Munger , Berkshire Hathaway's, Berkshire, Oracle, Columbia University Locations: Munger , Berkshire, Berkshire, Omaha, California

☆ What Charlie Munger's death means for Warren Buffett and Berkshire Hathaway
▼ + stars: | 2023-11-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Charlie Munger, vice chair of Berkshire Hathaway and second-in-command to Warren Buffett, is dead at 99. With Munger's death, Greg Abel may have a closer working relationship with Buffett. AdvertisementCharlie Munger, also known as Warren Buffett's right-hand man, died Tuesday at 99 — leaving open the role of vice chair of Berkshire Hathaway. Munger served as the 93-year-old Buffett's second-in-command for years, amassing a net worth of nearly $2.3 billion while overseeing Berkshire Hathaway. He was named CEO of MidAmerican — now Berkshire Hathaway Energy — in 2008 and was named vice chairman of non-insurance operations for all of Berkshire Hathaway in 2018, securing himself a role on the conglomerate's board of directors that same year.

Persons: Charlie Munger, Berkshire Hathaway, Warren Buffett, Greg Abel, Buffett, Abel, —, Warren Buffett's, Munger, Greg, He's, Warren, CalEngery, MidAmerican, Pat Egan, Egan, Troy Bader, Bader Organizations: Service, Berkshire, Berkshire Hathaway Energy, doer, PricewaterhouseCoopers, Dairy Locations: Berkshire, Canadian, MidAmerican —, Omaha

☆ Charlie Munger's greatest bits of investing advice from over the years
▼ + stars: | 2023-11-28 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

In fact, the Berkshire vice chairman called it "insane" to teach that one has to diversify when investing in common stocks. "I have a friend who says the first rule of fishing is to fish where the fish are. We've gotten good at fishing where the fish are," the then-93-year-old Munger told the thousands of people at Berkshire's 2017 meeting. Big money is in the 'waiting'The investing sage believed that in investing, it pays to wait. Munger often defended Berkshire's inaction as he always saw the virtue of sitting on the sidelines to wait for a good opportunity.

Persons: Charlie Munger, Warren Buffett's, Buffett, Benjamin Graham, Munger, Berkshire Hathaway, We've Organizations: Columbia University, Berkshire, Costco Wholesale Corp, Price Club Locations: Berkshire, Berkshire's

Search resuls for: "See's"

25 mentions found