Here are the headlines that Warren Buffett is betting on his annual meeting this week



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Warren Buffett, President and CEO of Berkshire Hathaway.

David A. Grogan | CNBC

Tens of thousands of investors are gearing up to meet in Omaha, Nebraska, for the annual Berkshire Hathaway shareholders meeting this week, eager to hear Warren Buffett on his views on the company, the company. 39 economy and the actions in which it invests.

Let's look at his biggest holdings and what he's said over the last year.

Buffett said in his 2018 annual letter that he held these shares over the long term, asserting that he did not consider them "as a collection of stock symbols – a financial disaster that needs to be terminated because of the degradation of the quality of the street ".

The annual meeting, dubbed "Woodstock for Capitalists", kicks off this Saturday at 8:30 am Central Time at CenturyLink's Omaha Center. Buffett and Vice President, Charlie Munger, will entertain more than 30,000 people during a six-hour Q & A session, commenting on a wide range of topics, including their succession plan, their strategy, and their strategy. investment and market prospects. It's also an extravagance at the festival level with all the booty of the Buffett brand for investors.

Apple

"Oracle of Omaha" is still a fan of Apple, owning more than $ 40 billion from the tech giant at the end of last year. Buffett first announced that Berkshire was buying Apple in February 2017, despite his usual dislike for technology stocks. He told CNBC at the time that he obviously liked Apple and that "we buy them to keep them".

Since then, Berkshire's position in the iPhone maker has grown considerably. In an interview with CNBC in February, Buffett said he would buy more Apple stock if the stock became cheaper.

Apple has recently pushed streaming video content, but the billionaire investor is skeptical about this change. In an interview with CNBC last month, he said that Apple is "a company that can afford a mistake or two" about the change.

Big banks

Since Berkshire's last annual meeting, Buffett has doubled its volume on the banking sector, bolstering its investments in Bank of America, US-based Bancorp, JP Morgan Chase and Goldman Sachs.

J.P. Morgan is Buffett's latest investment among the large number of banks and financial services companies on the list, as he added the stake in the third quarter of last year. Buffett has long praised Jamie Dimon's leadership. Last year, they announced the creation of a joint venture in the health care sector between Amazon, J.P. Morgan and Berkshire, with the goal of coping with the rising costs of health care.

As the most important single shareholder of Wells Fargo, Buffett will likely be faced with issues regarding bank turmoil over the past year. Becky Quick, of CNBC, said that he was "100%" supporting the then CEO, Tim Sloan. But Sloan left now after political pressure to make more radical changes to the bank following the fake account scandal two years ago.

Buffett's bets on the big banks have yet to bear fruit. The S & P 500 financial sector lost nearly 15% in 2018, under the impetus of scandalous Goldman Sachs and Wells Fargo companies, which fell more than 34% and 24% respectively last year . Bank of America also lost more than 16% in 2018.

Coca Cola

The billionaire investor admitted that he was less optimistic with regard to the company producing soda than before. In an interview with CNBC last year, he said that Coca-Cola was affected by changing consumer habits.

"There is a huge loyalty factor, but it's not as strong as it was," he said at the time.

Coca-Cola significantly underperformed the market this year, posting a gain of only 2% versus 17% for the S & P 500.

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