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Berkshire Hathaway outperforms this week as tech stocks sink

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Berkshire Hathaway’s shares outperformed the benchmark S&P 500 The stock index fell this week as investors seek protection from a sell-off in technology stocks sparked by concerns that AI spending is outpacing revenues.

These declines make Berkshire’s more than $350 billion in cash seem more like a blessing than a curse.

of the company A shares increased by 5.6% and B shares It gained 5.7%.

Despite a rebound Friday that pushed the Dow index above the 50,000 level for the first time, the S&P fell 0.1% for the week.

Berkshire shares have been on par with the S&P since the beginning of the year and are recovering from a nearly 8 percent deficit last week.

DaVita shares rise on strong gains after Berkshire cuts stakes

This is good news for Berkshire, which owns 44% of more than 30 million shares currently valued at $4.2 billion.

But the not-so-good news is that he had to. sold almost 1.7 million DVA shares At a pre-increase price of $120.56 each last Thursday, they total just under $200 million.

One 2024 agreement with DaVitaBerkshire has promised to keep the company’s outstanding shares at or below 45%, which fell last quarter as DaVita bought back its own shares.

Gold renewal of Borsheims

subsidiary of Berkshire Hathaway Borsheims is planning what it calls a “major architectural transformation” to mark the entry of its flagship Omaha jewelry store into “a new Golden Age.”

One newsletterPresident and CEO Karen Goracke’s aim is to “reimagine the customer experience” with a “high luxury environment” that “strengthens Borsheims as a destination”.

Discounts offered to shareholders are helping make the store a destination during Berkshire’s annual meeting weekend.

Renovation work will begin after the May meeting. The store will remain open during construction.

Design belongs to: HDR with construction by kiewit. Both are located in Omaha.

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HIGHLIGHTS FROM CNBC’S BUFFETT ARCHIVE

‘Find what is meaningful and follow your own path’ (2016)

AUDIENCE MEMBER: My question is for my children watching at home today and the children in the audience.

How should they look at stocks when every day in the media they see companies going public that have never made a penny in their lives?

WARREN BUFFET: You don’t actually have to worry about what’s going on with IPOs or people making money.

People win the lottery every day, but there’s no reason it should affect you. You shouldn’t be jealous about this.

I mean, you know, if they want to do things that aren’t mathematically sound and occasionally one of them gets lucky and they put a person on TV and put aside a million for the government that contributes to the earnings, you know, don’t go there, there’s nothing to worry about.

Just – you just have to figure out what makes sense. And you don’t — and you look at buying — when you buy a stock, you put yourself in the mental frame that you’re buying a company, and if you don’t look at a quote on it for five years, that’s OK…

Let the rest of the world go its own way. You don’t want to get into a stupid game just because it exists…

As Charlie said, many problems stem from jealousy. You don’t want to be jealous of someone who won the lottery or bought into a rising IPO.

You have to figure out what makes sense and follow your own route.