Cryptocurrencies will come to a bad end ―Warren Buffett
Jan 11, 2018, 00:26
Berkshire Hathaway has promoted two long-serving executives as it contemplates a future without billionaire boss Warren Buffett. Jain joined in 1986 and now serves as Executive Vice President of National Indemnity Company with overall responsibility for leading Berkshire's reinsurance operations.
Other Connecticut subsidiaries include General Reinsurance in Stamford; Duracell in Bethel; Charter Brokerage in Norwalk; H.H. Brown Shoe in Greenwich; and Berkshire Hathaway HomeServices New England Properties in Wallingford.
The companies are run in a decentralised fashion, but major investment decisions remain controlled by Mr Buffett and vice chairman Charlie Munger, 93.
Berkshire Hathway expanded its board of directors to 14 members from 12.
Buffett said he had no idea about how or when things would go bad for Bitcoin and other cryptocurrencies, however: "When it happens or how or anything else, I don't know".
"I love what I do at Berkshire", he said. Yet Buffett says Abel and Jain are the right choices as potential successors.
None of the executives was immediately available for interviews. Jain joined the Berkshire Hathaway Insurance Group in 1986 and now serves as executive vice president of National Indemnity Company with overall responsibility for leading Berkshire's reinsurance operations. "Why in the world should I take a long or short position on something I don't know anything about?" But Greg Abel and Ajit Jain will also become vice chairmen and take on more duties.
Todd Combs and Ted Weschler, who are Buffett's investment deputies, are expected eventually to succeed Buffett as Berkshire's chief investment officer.
The Houthi rebels, who are believed to be backed by Iran , stormed Yemen's capital Sanaa in September 2014. The airstrikes have killed thousands of civilians and wiped out entire neighborhoods, including hospitals.
They are working in factories and they work in restaurants and they're in academia, engineering, medicine, and science. At the start of the Golden Globes on Sunday, host Seth Meyers playfully encouraged Winfrey to run against Trump.
I'm not sure if the USA is ready for a successful, popular TV personality and business owner to hold such high office. DeMille Award at the 75th Golden Globes in Beverly Hills, California, on January 7.
Huawei told CNBC in a separate statement that it will launch new products for the US market on Tuesday. Instead, Huawei said it would be selling its flagship device, the Mate 10 Pro , directly to consumers.
His father, Ganpat, was an agricultural taxation clerk and put a heavy emphasis on educating his family. His death was announced by the Massachusetts Institute of Technology where he was a professor emeritus.
Washington Post's Josh Dawsey tweeted that Trump was "both cheered and booed as he strode to midfield for the national anthem". A few days ago, Twitter went into a meltdown when Trump was seen sip water from a glass using both his hands like a child.
Teacher removed from school board meeting in handcuffs
The board was meeting to discuss a new three-year contract for Superintendent Jerome Puyau. "It's a sad, sad day to be a teacher". Hargrave yelled as the officer picked her up from the floor and pushed her towards an exit, commanding her to "stop resisting".
We Are Blood in critical need of Type O blood
High school students and other donors 18 years of age and younger also have to meet certain height and weight requirements. Over 40 hospitals and medical facilities in a 10-county area depend on the supply of blood provided by We Are Blood.