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7 May 2018
 |
| Berkshire Hathaway shareholder (The Total Investment & Insurance
Solutions) |
The Latest on investor Warren Buffett's comments on investing and
other topics (all times local):
6:30 a.m.
Investor Warren Buffett says the economy remains strong and business has
been improving lately.
Buffett told CNBC that the reports he gets from Berkshire Hathaway's
many businesses show that the economy is doing well.
Buffett says most of Berkshire's businesses are hiring, and several of
them are having trouble finding workers. For instance, carpet installers and
certain construction workers are especially hard to find.
6:10 a.m.
Billionaire Warren Buffett says some of his most successful investments
over his career have come after scandals like the one at Wells Fargo.
Buffett's company, Berkshire Hathaway, is the biggest shareholder in
Wells Fargo, which has been mired in scandal for more than a year.
Buffett says Wells Fargo clearly had the wrong incentives in place when
bank employees opened as many as 2 million accounts without getting customers'
permission to meet aggressive sales targets.
Buffett says the bank didn't act quickly enough when executives learned
of the problem.
5:30 a.m.
Billionaire Warren Buffett says stocks remain the best option for
investors — not bonds, and especially not bitcoins.
Buffett says he doesn't think the stock market is overpriced compared
with other options even though he's had trouble finding entire businesses to
buy at reasonable prices. Buffett appeared on CNBC Monday after spending
Saturday answering questions before thousands of shareholders.
Buffett says cryptocurrencies like bitcoin are nonproductive assets
similar to gold. So Buffett says anyone buying bitcoin is betting that someone
else will pay more for it later.
Buffett reiterated his standard advice that buying an index fund, such
as the S&P 500 fund, regularly over time is the best option for most
people.
Roughly 40,000 people
attended Berkshire Hathaway's annual meeting on Saturday.The Total Investment & Insurance
Solutions
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