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Buffettttttt OP : Meta: Apologies for the delayed start. We will be getting started shortly. Thanks for being here with us.Join Mark Zuckerberg and special guests as they unveil the new Meta Quest 3 and reveal how Meta is bringing mixed reality to life. You’ll hear how AI can help people connect and express themselves in new ways and get a first look at the latest products and updates that will help developers build the future of social technology.
Buffettttttt OP : Join Founder and CEO Mark Zuckerberg and special guests as they unveil the new Meta Quest 3 and reveal how Meta is bringing mixed reality to life. You’ll hear how AI will help people connect and express themselves in new ways and get a first look at the latest products and updates that will help developers build the future of human connection.
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Buffettttttt OP : Speaker:Ian Buck, General Manager & Vice President of Accelerated Computing, NvidiaModerator:Vivek Arya, Managing Director, BofA Global Research
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Buffettttttt OP : What is currently playing is a replay of the 2022 event. The 2023 Q&A session will begin at 22:15 ET
Buffettttttt OP : What is currently playing is a replay of the 2022 event. The 2023 Q&A session will begin at 10:15 ET
Buffettttttt OP : Berkshire Hathaway CEO Warren Buffett ran through the company’s first-quarter results, which were released on Saturday morning. The conglomerate’s operating profit after taxes was up almost 13% year over year, to $8.1 billion.
Buffett attributed the gain to a higher return on the company’s stock portfolio, better interest income on its cash holdings, and a higher insurance underwriting profit.
He continued with an overview of Berkshire’s balance sheet, noting that the company’s $504.5 billion in shareholders’ equity is more than any other American company. Berkshire’s insurance float—the difference between an insurance company’s cash collected from premiums and the claims it must pay out—stood at $165.1 billion at the end of the first quarter, while cash and Treasury bills were $127.7 billion. That’s a lot of ammo for potential acquisitions or interest income.
Berkshire bought back about 9,600 class A shares in the first quarter, worth about $4.4 billion. That was faster than the first-quarter pace of buybacks, but slower than Berkshire’s repurchases in 2020 and 2021.Buffettttttt OP : Q2: As AI and robotics continue to advance, what do you believe will be the positive and the negative impact of this technology on both the stock market and society as a whole? Are there any industries and companies that you believe will be most impacted?
Buffettttttt OP : Q3: Given the rise of disruptive technologies, they improve productivity significantly and AI being one of them how do you envision the future of value investing in this new era? And what adaptations or new principles do think investors should adopt and any recommendations for investors to remain successful in this rapid changing landscape?
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