Thousands of Warren Buffett acolytes descended on Omaha, Nebraska, on Saturday for Berkshire Hathaway's annual meeting, otherwise known as the Woodstock of Capitalism. As Apple takes shares off the market, it'll boost the value of the stock that Berkshire Hathaway holds. Apple (AAPL) could spend some money acquiring another company, but Buffett said it would be "extremely hard" to find suitable takeover target. Sticking by Wells Fargo despite 'cardinal sin'Buffett said Wells Fargo creating millions of fake accounts was a "cardinal sin" by Berkshire's standards. "If I had to say which bank is more likely to behave the best in the future," Munger added, "it might be Wells Fargo."

Source: CNN May 05, 2018 20:37 UTC