"They have followed the standard capitalist formula. of trying to do the same business with fewer people", Mr. Buffett said.
"So it is a huge tax cut for guys like me", he said.
"If you tell me a wonderful company in India that might be available for sale, I'll be there tomorrow", he said.
Buffett also used the meeting to criticise U.S. bank, Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal which is still impacting the bank. The bank said last fall that its employees opened up 2 million bank accounts without customer approval to meet unrealistic sales goals.
Shareholders overwhelmingly rejected a proposal that would have required Berkshire to disclose its political contributions twice a year. Buffett says United Airlines bungled the case of the passenger dragged off a plane in April 2017, and he is criticizing the CEO's handling of the incident.
Warren Buffett has focused on building a reputation for honesty and trustworthiness.
"There's a lot wrong with the system", Munger said.
'No charges' for two white cops in US shooting
The governor's office said the decision will be announced officially on Wednesday, but did not know the exact time. Rumors that the Justice Department would not bring charges have been circulating in Baton Rouge since last week.
Buffett said his federal income taxes would have gone down 17 percent past year if the GOP bill was in effect.
Berkshire Hathaway Vice Chairman Charlie Munger says the US healthcare system is "ridiculous" in its complexity. The 86-year-old, who has headed Berkshire for 52 years, has said that Berkshire's board has agreed on a succession plan but hasn't released the name of his successor.
Many Berkshire managers spent part of last week networking with each other in Omaha, sharing experiences and ideas on shared challenges.
When we travelled to Omaha this weekend, we had a key question we wanted answered: What do Berkshire Hathaway's (NYSE:BRK-B)(NYSE:BRK-A) investors - the owners of his company, and arguably his employers - think of Warren Buffett as a manager?
Buffett plans to play bridge with shareholders at Borsheims.
Regulated utility units, for example, are not likely to enjoy lower tax rates as savings, in Buffett's view, would be passed on to customers.
Warren Buffett is considered one of the world's greatest investors, yet even he makes mistakes.
Turkey Angered by US Decision to Arm Syrian Kurds
White, the Pentagon's chief spokeswoman, said in a written statement that President Donald Trump authorized the arms Monday. In March, the US deployed troops to Manbij, Syria, to act as a buffer between feuding Turkish and Kurdish forces.
Earlier this week, Buffett announced that Berkshire Hathaway had dumped about a third of its IBM stock.
He said "the shares, when we bought them, were much more reasonable" in price.
Buffett has led Berkshire since 1965. The two executives spoke about the arcana of insurance, one of Berkshire's biggest businesses. It's the company's largest shareholder.
Munger added: "You've got to remember railroads were a awful business for decades and decades and decades, and then they got good".
Bogle attended Berkshire's meeting Saturday after Buffett praised him in his annual letter to shareholders this year.
India just got a ringing endorsement from the world's most famous investor. "And how are you going to check that by due diligence, you know?" Buffett joked: "That's Charlie".
Nashville Predators take control of series, beat St. Louis Blues 3-1
The Blues killed the penalty, but the Predators took a 1-0 lead three seconds after the power play on defensemen Ryan Ellis' goal. Tarasenko would score his first of the night 72 seconds later. "The more you have the puck", Nashville defenseman P.K.
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