Why Warren Buffett Thinks Buying Microsoft Stock 'Would Be a Mistake'

Berkshire’s cash pile fell to $109 billion at the end of March from the record $116 billion at year-end the first decline in almost two years

Why Warren Buffett Thinks Buying Microsoft Stock 'Would Be a Mistake'

Buffett, chairman and CEO of Berkshire Hathaway, made the remarks in response to a Chinese investor's question about US-China trade relations at the Berkshire Hathaway's annual shareholders meeting.

"If something happened a week later, a month later, in terms of [Microsoft] having better earnings than expected or making an acquisition-anything-both Bill and I would, incorrectly, but would be a target of suggestions and accusations, perhaps even, that somehow he had told me something, or vice versa", Buffett said at the Berkshire meeting in Omaha. Buffett said he still spends most of his time reading about businesses, thinking and fielding the occasional phone call.

"I used to think so", Mr Buffett joked, prompting laughter and applause.

"In terms of cryptocurrencies, generally, I can say with nearly certainty that they will come to a bad ending", the chairman and CEO of Berkshire Hathaway said then. Its insurance and utility businesses typically account for more than half of the company's net income.

Now, Microsoft is just one of "a few [companies] that are off the list" of what Berkshire Hathaway is willing to invest in because of ethical conflicts, Buffett said.

Why Christina Aguilera won't return to 'The Voice'# 'S's about the Tunes'
Standing in front of a red backdrop, the " Fighter " singer belted out an a cappella version of what we assume is a new song. "Outside of, you know, his controversial aspects, I just think he's a great artist and musicmaker and beatmaker".

The rematch did not happen. Bellew knocked out hay
Tony Bellew repeated his victory over David Haye in their heavyweight rematch as he stopped his British rival in the fifth round. Despite struggling until the knockdown, the 35-year-old said: "I was waiting for the ideal moment". "He boxed a great game plan.

Vodafone 4G Prepaid Plan of Rs
Airtel also recently launched Rs 499 plan where it offers 2 GB 3G/4G per day for 82 days with same voice calling and SMS benefits. The new Rs 349 prepaid plan comes with a validity of 54 days and offers 1GB of data per day along with unlimited voice calls.

"Warren preaches that we should manage it as if it's our own business and protect reputation", Bader said.

Billionaire Warren Buffett says Wells Fargo is cleaning up its act after the misconduct at the bank in recent years.

Several years ago, Berkshire held small investments in Visa and MasterCard along with its long-time major stake in American Express.

A day after multinational conglomerate Berkshire Hathaway acquired another 75 million shares of Apple, its CEO Warren Buffett said the iPhone maker should spend more cash buying its own shares. "The most important thing is that we do something about it", Buffett said.

Berkshire shareholders can celebrate the fact that most of the companies 90-odd businesses are performing well as the economy continues growing, but the conglomerate's future is always in the back of their minds because Buffett is 87.

Latest News