'I blew it': Warren Buffett laments missing out on Google

As always, the topics were as varied as the answers were colorful. Berkshire is also the top shareholder at Delta, No. 2 at Southwest and No. 3 at American.

Image Source: The Motley Fool. And the only way to keep it out is to be very tough on it all the time. Right now, the funds from AIG are earning "peanuts" for Berkshire, but there is potential for better returns, he said.

Unfortunately, good opportunities are getting more hard to find.

"Berkshire in fact ended March with more than $96 billion of cash and cash-like instruments, and Vice chair Charlie Munger said it could do a "$US150 billion" acquisition now if it wanted.

Buffett said India is a huge and enormous market for anyone to ignore.

At Berkshire's shareholder meeting Saturday, Buffett was asked about the challenges of replacing Ajit Jain because Buffett has heaped praise on Jain for years.

"It was bad enough having a bad system", Buffett said, building on his prior remarks about the bank.

Buffett, speaking to a crowd of tens of thousands in Omaha, said the cost of health care hurts businesses way more than corporate taxes.

The Trump administration's healthcare bill would repeal most of the taxes that paid for Obamacare, which is formally known as the Affordable Care Act.

Investor Warren Buffett says Wells Fargo made a huge error in failing to respond promptly to its sales practices scandal. But their financial management was equally brilliant, particularly in recent years as the company's financial flexibility improved.

I'll be taking a look primarily at the "Buffett factor" and why buying into Apple may still be a good idea, even at current elevated levels. Previously, Buffett has referred to an investment in an S&P 500 index fund as a bet on American business, which is nearly certain to do well over long periods of time. Buffett added that the costs "will go up a lot more". Railroads are a lower-cost option than other methods of transporting freight (such as trucks), and have lower operational expenses.

Warren Buffett is quietly installing a new set of leaders throughout Berkshire Hathaway Inc. At MiTek, Mark Thom took over as CEO while former CEO Tom Manenti became executive chairman and continues to report to Mr. Buffett.

As we know now, Wells' incentive structure was the big problem.

Berkshire is Wells Fargo's biggest shareholder and didn't sell any of its shares after the scandal. "If so, it was a bigger mistake by far". "The main problem was they didn't act when they learned about it", he said of Well Fargo.

Buffett said on CNBC that the bloody removal of a 69-year-old passenger from a plane was obviously "a awful mistake".

The April 9 episode caught on video showed David Dao, a doctor, being pulled from a United seat to make way for a crew member, resulting in a broken nose and concussion.

Buffett has led Berkshire since 1965.

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