Buffett calls health bill a giveaway to wealthy

Buffett downplays value clash between Berkshire, cost-cutting 3G

Buffett also explained that, in his view, Berkshire's investment in Apple - despite his noted aversion to investing in technology companies - was more a bet on a highly successful peddler of consumer electronics than a wager on technology per se. Buffett said he was happy to gather more money that can be used for takeovers and stock picks.

"I'm very pessimistic on weapons of mass destruction generally although I don't think that nuclear probably is quite as likely as either primarily biological and maybe cyber", Buffett said during Berkshire Hathaway's annual shareholders' meeting on Saturday.

He said the board would consider a buyback if it were in the best interest of shareholders, and that the next CEO would have to be a capital allocator.

He said the current 35 percent corporate tax rate was "not much" of a competitive disadvantage for USA companies, despite Trump's push to slash it to 15 percent.

"We'll do well by getting US$10.2 billion (RM44.16 billion) today, with a maximum payout of US$20 billion" between "now and Judgement Day", Buffett said.

Several questions homed in on politics, and Buffett, a Democrat with close ties to former President Barack Obama, offered measured criticism of President Donald Trump's policies.

While Munoz "apologized many times", his first response could have been a bit more proactive than just a simple apology, as "your first reaction is going to get a lot of attention", Buffett said.

Vodafone To Transfer 35% Stake In Safaricom To Vodacom
All this will leave Vodafone with a raised 70% stake in Vodacom, and a much reduced 5% stake in Safaricom. The Kenyan government will retain its 35% stake in Safaricom.

And if Berkshire does decide to pay dividends, it would have to commit to maintaining that payout over time, Buffett said, as cutting it could have disastrous consequences for the company's share price.

Buffett plans to play bridge with shareholders at Borsheims.

He said it may have been harder to single people out because "we have never had more good managers".

"Bonds are a bad choice against stocks", he said.

And on his surprise change of heart about IBM, Buffett admitted he was wrong to think IIBM "could do better" when he started amassing 81 million shares six years ago.

Apple has ticked all of Mr. Buffett's boxes of late, and with an iconic brand and ever-improving product portfolio, Berkshire Hathaway Inc.

"I was impressed with Jeff early".

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