The American, dubbed the Sage of Omaha, told the annual rally of shareholders in his Berkshire Hathaway conglomerate that he felt good.
“I feel terrific. I love what I do,” he said at the meeting, known as the “Woodstock of capitalism” and attended by about 40,000 investors. “I may have a little less energy but that may mean I do fewer dumb things,” quipped Buffett, 81.
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He disclosed he had been planning a £12billion takeover of an unnamed company but now believed it would not happen. On speculation about succession planning at the group, Buffett said someone had been selected to replace him but did not... read more