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.
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Congress is into the habit of twisting facts of history to bag a few votes. "They can not think about celebrating their jayantis". He said the Karnataka elections were a contest between the Congress' "misdeds and people's aspirations".
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"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.