Munger's comments come after Robinhood's CEO testified on Capitol Hill about the recent GameStop frenzy.
The investment comes as technology and fee-based products disrupt the traditional insurance and annuities industry.
Warren Buffett might have just found his next elephant-sized deal: Buying back his own stock.
Berkshire Hathaway has plenty of cash on hand to survive the pandemic crisis, said Buffett.
Buffett's Berkshire Hathaway purchased the natural gas holdings of Dominion Energy.
The world’s largest streaming audio service added 15 million monthly active users in the first three months of the year.
Warren Buffett said in mid-March that Berkshire would only hold the meeting via a virtual setup this year.
Chubb booked $13 million of losses tied to Covid-19 in the first quarter.
Business owners are suing insurers for not honoring policies that supposedly cover business disruptions.
Some private-jet operators were early beneficiaries of the pandemic’s initial disruption.
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