Warren Buffett bought stocks in Q1, predicted banking woes: takeaways

Ajit Jain, the boss of Berkshire's insurance operations, took control of Alleghany's main insurance business, Buffett said. Greg Abel, Berkshire's head of non-insurance operations, has taken charge of Alleghany's other subsidiaries, which include steel and real estate companies.Berkshire spent roughly $4 billion on stocks in the first quarter, Buffett said.

Buffett accused several banks of using deceptive accounting to flatter their profits, and forgetting basic banking principles such as not borrowing short and buying long. Moreover, he called for heavier punishments for bank CEOs who make big mistakes. Buffett also suggested that interest rates, which the Federal Reserve has hiked from virtually zero to upwards of 4.75% over the past year or so, threaten to weigh on stocks and house prices.

"It's an incredibly valuable utility," he said."We'll never own a business that makes so many people happier."The bitcoin boom has been fueled by people's love of gambling, desire to get rich fast, and fear of missing out, Buffett said.

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Warren Buffett gives reason for surprise sale of stake in Taiwan's TSMC | CNN BusinessWarren Buffett says geopolitical tensions were 'a consideration' in the decision to sell most of Berkshire Hathaway's shares in global chip giant TSMC, which is based in Taiwan. Hmmm. Who would have figured that one out, by themselves? Facts_About_EasterSunday ईसा मसीह की मृत्यु के तीसरे दिन स्वयं पूर्ण परमात्मा कबीर साहेब ही आये थे भक्ति की लाज रखने के लिए। अन्यथा काल ब्रह्म भगवान से विश्वास ही उठा देता लोगों का। Supreme God Kabir MustListenSatsang पवित्र बाइबिल (उत्पत्ति ग्रंथ) में लिखा है कि परमेश्वर ने मनुष्य को अपने स्वरूप के अनुसार उत्पन्न किया। इससे सिद्ध है कि प्रभु भी मनुष्य जैसे शरीर युक्त है तथा छः दिन में सृष्टी रचना करके सातवें दिन तख्त पर जा विराजा।
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