One of Buffett's investment deputies, Todd Combs, seen as a potential chief investment officer at Berkshire, was leading the Paytm deal and has been given a seat on its board, the company said on Tuesday.
A better alternative is to invest in an American stock that is known to "earn a lot of money relative to the capital put in", the Berkshire CEO said.
"I don't know when to buy stocks, but I know whether to buy stocks", Buffett, celebrating his 88th birthday, said on CNBC television. The investment is worth more than $50 billion and makes Berkshire the third-biggest shareholder in Cupertino, California-based Apple, with a more-than 5 percent stake, according to data compiled by Bloomberg.
Goodman guessing he's 'mopey' widower in 'Roseanne' spinoff
Within a few hours her show was axed, and later this summer it was announced the series would continue without her. John Goodman slipped what will happen to Roseanne Barr's character on the Roseanne spinoff, The Connors .
A buy-back policy announced in July gave Buffett, who has gone 2-1/2 years since a major acquisition, a new way to deploy Berkshire's $111.1 billion of cash and equivalents.
Buffett said Apple can not now increase the price of the iPhone due to competition in the market.
Berkshire's old policy forbade buybacks unless the price exceeded 1.2 times book value per share.
The Oracle of Omaha, famed investor, and head of Berkshire Hathaway, Warren Buffett, is adding to his already large stake in Apple. When asked whether he'd support Apple purchasing Musk's electric-car manufacturer, Buffett stated: "I'd support whatever Tim Cook does, but I think it'd be a very poor idea to get in the auto business".
Google’s Go browser can now read articles aloud for you
At the end of July, Google announced some new features coming to various apps in its suite of Android Go products. For this, Google has partnered with banks such as HDFC Bank, ICICI Bank, Federal Bank, and Kotak Mahindra Bank.
He said he uses his iPad "a lot", and that the iPhone is "enormously underpriced" even when it costs $1,000, given how indispensable it has become for so many people.
Buffett spoke at the Smith & Wollensky steak house in Manhattan before dining with the person who in June agreed to pay $3,300,100 at an annual charity auction to join him.
Buffett was in New York Thursday to dine with the victor of his annual lunch auction, which benefits San Francisco-based charity Glide.
Jemele Hill To Part Ways With ESPN
Hill has been fairly invisible at ESPN since departing earlier this year as co-anchor of the 6 PM hour of ESPN's SportsCenter . Those who agreed with her loved the fact she spoke out about political and social issues using her ESPN platform.