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Warren Buffett, the "stock god," reiterated that Coca-Cola (KO.US) will still be a core holding of Berkshire.
Buffett reiterated his commitment to Coca-Cola as a core holding of Berkshire Hathaway Inc. and mentioned how the company is confident in maintaining Coca-Cola as one of its largest positions.
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Qin Shuo: Compared to Buffett, his successor Abel pays more attention to details.
Sina Finance reported that on May 3rd, the Shareholder meeting of Berkshire Hathaway Inc. that global investors are focusing on was grandly held in Omaha, Nebraska, USA. This year marks the 60th anniversary of Buffett's Shareholder meeting, and Sina Finance, in partnership with chief partner Qinghua Fenjiu, brings you direct coverage of the event. At the venue, Sina Finance spoke with cultural and financial observer Qin Shuo, who discussed Buffett's successor Abel in the interview. He believes that Abel will pay more attention to details. "Buffett, as CEO, is not a detail-oriented person. He spends a lot of energy on insights, research, and reviewing many numbers. Whereas Abel is more focused on the tangible aspects of business."
Buffett defends his poor eating habits: I drink whatever I want, and that's how I've lived so long.
At the annual shareholders' meeting of Berkshire Hathaway on Saturday, Buffett defended his junk food diet and his lack of exercise.
Berkshire Hathaway's cash reserves have increased to a record high, making it difficult to deploy funds amid the turbulent situation.
Berkshire's operating profit has decreased by about 14% year-on-year, and cash reserves have surged to a record $347.7 billion. In the context of uncertainties due to tariffs, the group finds it difficult to effectively deploy funds. In a statement released before the annual meeting in Omaha, Nebraska, led by CEO Warren Buffett, Berkshire reported that its operating profit has dropped to $9.6 billion. The statement mentioned international trade policies and tariffs, indicating that "there is still considerable uncertainty regarding the final outcomes of these events." At the company's annual meeting in Omaha, Buffett spoke more directly about tariffs.