Cybersecurity uncharted territory, risks to get worse: Warren Buffett

Cybersecurity uncharted territory, risks to get worse: Warren Buffett

Cybersecurity uncharted territory, risks to get worse: Warren Buffett

"I'm delighted to see them repurchasing shares", Buffett told Berkshire shareholders at the conglomerate's annual meeting.

"It's going to get worse, not better", CNBC quoted Buffett as saying at the company's annual meeting held at Omaha city in the U.S. state of Nebraska late on Saturday.

Buffett also announced that Berkshire Hathaway has acquired another 75 million shares of Apple and now has 5 per cent stake in the company.

"It is an unbelievable company", Buffett said in an interview with CNBC.

Warren Buffett participates in a discussion during the White House Summit on the United State Of Women June 14, 2016 in Washington, DC.

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These dynamics also point to the advantage that US oil exports offer for not only China but the entire Asia-Pacific region. The higher prices rise and the longer they are expected to stay high the bigger the eventual response from oil consumers.

Buffett's initial commitment to Apple surprised many given his usual aversion to companies in the technology sector, but the billionaire views Apple more as a consumer products company. Berkshire is now Apple's third largest shareholder, behind Vanguard Group and BlackRock Inc.

At the end of the first quarter of 2018, Berkshire owned $40.7 billion of Apple's shares - up from $28.2 billion at the end of 2017, The New York Times reported. In his eyes, Apple is the flawless type of stock for Berkshire Hathaway because of the way the company operates.

"I love the idea of having our 5 percent, or whatever it is, maybe grow to 6 or 7 percent".

However, the "Oracle of Omaha" told investors investing Berkshire's cash stockpile-which now amounts to around $108 billion-was a challenge.

Do cryptocurrency investors care what Warren Buffett has to say on the subject?

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