OMAHA, Nebraska –
Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives who would succeed him were ready for the job, and he praised Apple even though Berkshire had trimmed its position in the iPhone maker.
Speaking at Berkshire’s annual meeting, the legendary investor paid tribute to his late business partner Charlie Munger and said he expected the conglomerate’s cash pile, now a record $189 billion, to continue growing.
The meeting was the 60th for Buffett, who since 1965 transformed Berkshire from a failing textile company into an $862 billion behemoth that owns the BNSF railroad, Geico auto insurance, Dairy Queen and dozens of other companies.
