What was your most fun investment, a child asks longtime investor Warren Buffett
Share buybacks are casting a big question mark over the meeting. The issue comes up again. But it still isn’t clearer what the trigger would be for the company to start doubling down.
Then he and Charlie Munger repeat their previous statements that they wish Tim Sloan, who stepped down as Wells' CEO in March, had stayed in the job. He was an "accidental casualty," "I don’t see any breakthrough like you’re talking about. I do see us getting more efficient year by year by year." Warren Buffett says the size of Berkshire Hathaway’s cash pile doesn’t affect the amount of buybacks. It “would not make a difference in our approach to repurchase of shares," he said.
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