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Trimming Apple One surprising move from the conglomerate was selling about 10 million Apple shares (just 1% of its massive stake) in the fourth quarter. Second, it could have been Buffett's investment deputies Todd Combs and Ted Weschler who trimmed the Apple stake in order to fund other purchases. There's a chance that Buffett might reveal at the annual meeting the mystery bank stock that Berkshire has been buying for two quarters straight . Berkshire now owns more than 70 million of the tracking stock. "You need higher prices, or it doesn't work," Buffett said at Berkshire's 2023 annual meeting.
Persons: Warren Buffett's, Buffett, Todd Combs, Ted Weschler, Debbie Bosanek, Warren, Berkshire Hathaway, SIRI, Bob Bakish, Berkshire's, You've Organizations: Berkshire Hathaway, CNBC, Apple, Oracle, Securities and Exchange Commission, Verizon, Berkshire, Liberty, Liberty Media Corp, Liberty Media, Liberty Media Sirius, Paramount, Paramount Global, Skydance Locations: Berkshire, Woodstock, Omaha , Nebraska, Omaha, Chevron, New York, The Omaha
When he was just 25 years old, baseball superstar Alex Rodriguez signed a 10-year, $252 million contract with the Texas Rangers. The deal not only set A-Rod up for life from a financial standpoint, it also helped him create a valuable relationship with legendary investor Warren Buffett. In an interview with Bloomberg's David Rubenstein this week, A-Rod said he decided to cold-call the investor — who is 45 years his senior — after learning that Berkshire Hathaway was insuring his contract. "I reached out to him and I said "Warren, now that we're business partners, maybe I can come out and see you in Omaha,'" Rodriguez explained. "I said 'I'll be there, 'cause we're not going to the playoffs,'" Rodriguez replied.
Contrary to claims on social media, an alleged tweet by Warren Buffett circulating online and saying a “former president” was “begging for money” is not real. Rather, it was originally posted by a Twitter account that identifies as sharing parody tweets. The tweet, purportedly sent by the verified account “@WarrenBuffett,” reads: “I don’t like to get mixed up in politics but I wonder how the Former President was ever a billionaire. This image originated as a post by a satirical Twitter account. A spokesperson for Warren Buffett told Reuters the tweet is not authentic.
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