Latest Charlie Munger News

A Thai investor checks an electronic board showing stock prices at Asia Plus Securities, a private stock trading floor, in Bangkok, Thailand, Friday, March 13, 2020. Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. (AP Photo/Sakchai Lalit)

The Latest: Canada cuts key interest rate in amid pandemic

Mar. 13, 2020 7:49 PM EDT

___ Canada's central bank has cut its overnight rate target by half a percentage point to 0.75% in response to the pandemic. Bank of Canada Governor Stephen Poloz announced the measure Friday. The bank already cut by half a point on March 4 due to the virus. Canadian Finance Minister Bill Morneau says a $10...

Nebraska Gov. Pete Ricketts speaks during a news conference with State business and education leaders in Lincoln, Neb., Friday, March 13, 2020. Nebraska state officials have now confirmed 13 cases of the new coronavirus and developed a plan to order school closures for six to eight weeks if the outbreak worsens. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Nati Harnik)

Ricketts says he might order schools to close for 6-8 weeks

Mar. 13, 2020 7:23 PM EDT

OMAHA, Neb. (AP) — Gov. Pete Ricketts warned Friday that he might order schools to close for six to eight weeks to try to keep the new coronavirus from spreading in Nebraska as officials confirmed three new cases, bringing the total to 14 so far. Ricketts, who issued Friday evening an emergency declaration...

Buffett says his firm's meeting could be scaled back

Mar. 12, 2020 2:52 PM EDT

OMAHA, Neb. (AP) — Investor Warren Buffett says he plans to decide whether to scale back his company's annual meeting, which typically attracts roughly 40,000 people, around April 1. Berkshire Hathaway is still planning to hold its annual meeting on May 2, but the ongoing coronavirus outbreak may force the...

Buffett's firm to hold meeting regardless of virus outbreak

Mar. 4, 2020 9:53 AM EST

OMAHA, Neb. (AP) — Investor Warren Buffett's company plans to hold its annual meeting on May 2 regardless of the status of the ongoing virus outbreak that began in China. Berkshire Hathaway said in a statement that the size of the meeting, which typically attracts roughly 40,000 people, could change this...

Travelers at Seattle-Tacoma International Airport wear masks Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)

The impact of spreading virus on businesses and economy

Mar. 3, 2020 6:43 PM EST

AID AVAILABLE: The World Bank announced Tuesday that it is making $12 billion available to provide immediate support to low-income countries dealing with the health and economic impacts of the coronavirus. World Bank President David Malpass said the money will go to help developing nations strengthen their health...

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Berkshire Hathaway Inc. reports earnings on Saturday, Feb. 22, 2020. (AP Photo/Nati Harnik, File)

Buffett says Wall Street advice usually favors more deals

Feb. 22, 2020 1:35 PM EST

OMAHA, Neb. (AP) — Taking advice from Wall Street on deals is a bit like asking “the barber whether you need a haircut,” according to billionaire Warren Buffett. Buffett said in his annual letter to Berkshire Hathaway shareholders Saturday that the current system of reviewing deals doesn't...