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Berkshire 2024 highlights: Apple stake trimming, historic cash pile and more
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Here are the all statements given by Warren Buffett in the annual shareholders meeting.

"We reevaluated our position in Apple as it became a very large part of our portfolio,"

"We continue to seek the elephant-sized acquisition but have not yet found anything that is both available at a price that makes sense,"

"We have sold shares. By the end of the year, Apple will still likely be the largest holding,"

"American Express and Coca-Cola are wonderful businesses. Apple is an even better business. We will own Apple when Greg [Abel] is running this place. We will have Apple as our largest investment unless something dramatic happens,"

"I don’t mind at all under current conditions building the cash position. When I look at the alternative of what’s available in the equity markets and I look at the composition of what’s going on in the world, we find it quite attractive,"

"If I was interested in investing in scamming, [AI] is going to be the growth industry of all time"

"primary investments will always be in the United States ... If we do something really big, it's extremely likely to be in the US"

"I don’t mind at all, given current conditions, building a cash position" - Warren Buffett.

"We do not feel uncomfortable in any shape or form putting our money into Canada. In fact, we’re actually looking at one thing now,"

"There’s a lot of countries we don’t understand at all. So, Canada, it’s terrific when you’ve got a major economy that you feel confident about operating there,"

"AI has enormous potential for good and enormous potential for harm — and I just don’t know how that plays out,"

"We let the genie out of the bottle with nuclear weapons... AI is somewhat similar. It’s part of the way out of the bottle,"

"I would leave the capital allocation to Greg and he understands businesses extremely well,"

"I used to think differently about how that would be handled, but I think that responsibility should be that of the CEO and whatever that CEO decides may be helpful,"

"The sums have grown so large at Berkshire and we do not want to try and have two people around that are managing a billion each. It just doesn’t work,"

"I think the chief executive should be somebody that can weigh buying businesses, buying stocks, doing all kinds of things that might come up at a time when nobody else is willing to move,"

"Paramount was completely his decision to get in and out and Berkshire lost money. Nothing to do with Todd or Ted"
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