#buffett39s

Warren Buffett's $ 570 million bet on Snowflake shows that he trusts his proxies completely, says investor Jake Taylor 2020

Bill Pugliano / Getty

Berkshire Hathaway's $ 570 million stake on Snowflake shows CEO Warren Buffett has full confidence in his two portfolio managers, Todd Combs and Ted Weschler, says a fund manager.

"Buffett has given his lieutenants full freedom of choice," Jake Taylor, CEO of Farnam Street Investments and cohost of the Value: After Hours podcast, told Business Insider.

"A high-profile…

Why Warren Buffett's $ 570 million stake on Snowflake is rarer than any unicorn 2020

Warren Buffett

Getty Images

Warren Buffett's Berkshire Hathaway plans to invest around $ 570 million in Snowflake when the cloud data platform goes public.

Berkshire is expected to buy 7 to 7.4 million shares, which equates to around 2.5%.

The bet is notable because Buffett is known to hold onto companies he understands and has viewed IPOs as poor value for money.

"We like to buy things that…

Warren Buffett's Berkshire Hathaway slashes Wells Fargo stake to a 17-year low 2020

Placement of the summary list

Warren Buffett's Berkshire Hathaway has reduced its stake in Wells Fargo to its smallest in 17 years.

The billionaire investor conglomerate announced on Friday that it owns 3.3% of the company, its lowest owner position since 2003.

Berkshire owned 13.3% of the bank in 1994 and held more than 500 million shares valued at more than $ 27 billion in 2016.

Buffett's…

Warren Buffett's Berkshire Hathaway Reduces Wells Fargo Stake by 43% 2020

Placement of the summary list

Warren Buffett's Berkshire Hathaway has sold around 101 million Wells Fargo shares in the past few weeks. shows a regulatory filing.

The billionaire's company invested its stake by around 43% to 136 million shares and reduced its stake to 3.3%.

Revenue comes after Berkshire sold 25% of its Wells Fargo position in the second quarter.

Berkshire was previously Wells…

Warren Buffett's stake in Apple drops $ 19 billion in two days 2020

Placement of the summary list

At Warren Buffett's Berkshire Hathaway, his Apple stock fell as much as $ 19 billion in two days as the tech sell-off continued.

Apple's share price fell 8% on Thursday and 7% on Friday, bringing the value of Berkshire's roughly 981 million shares in the tech titan to below $ 110 billion.

Berkshire has still more than tripled the value of its Apple investment as it…

Why Warren Buffett's Berkshire Hathaway has a $ 7 billion stake on 5 Japanese stocks 2020

AP images

Warren Buffett's Berkshire Hathaway announced a 5% stake in five Japanese trading houses on Sunday.

The positions in Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo were worth $ 6.9 billion at the close of trading on Wednesday.

The billionaire investor was likely drawn to the low valuations and sprawling operations, and may have viewed them as a hedge against the risk of inflation…

Warren Buffett's Berkshire Hathaway made nearly $ 100 billion with Apple thanks to its record stock rally 2020

Paul Morigi / Stringer / Getty Images

Warren Buffett's Berkshire Hathaway made nearly $ 100 billion in profits on its Apple stock.

The billionaire investor's company owns 981 million shares valued at approximately $ 132 billion – $ 97 billion more than the $ 35 billion of its investment.

Thanks to Apple's stock rally, Berkshire's stake is worth more than Lowe, Starbucks, or IBM.

You can find…

Warren Buffett's Berkshire Hathaway reveals a $ 6 billion investment in five Japanese giants 2020

Bill Pugliano / Getty

Warren Buffett's Berkshire Hathaway announced a $ 6 billion bet on five of Japan's largest retailers Press release on Sunday evening.

The billionaire investor's company announced that it owns just over 5% of Mitsubishi, Mitsui, Itochu, Marubeni and Sumitomo.

"I am delighted that Berkshire Hathaway is involved in the future of Japan and the five companies we have selected…