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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Fox Business Network anchor & nbsp;Liz Claman& nbsp; tweeted on Friday that Buffett and Munger told Fox, "It would be a mistake for Coca-Cola to get into marijuana – cannabis business. They have a wholesome image and that would be detrimental to it. "" Data-reactid = "16"> Fox Business Network anchor Liz Claman Buffett and Munger told Fox, "It would be a mistake for Coca-Cola to get into marijuana – cannabis business. They have a wholesome image and that would be detrimental to it. "
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Coca-Cola may not need the advice. October, its president and CEO James Quincey told & nbsp;Yahoo Finance's Brian Sozzi that the beverage A month earlier, in September, the company, which had been rumored to be nearing a partnership with Candian company Aurora Cannabis, said it was "closely watching" the space and had not yet decided to make it "data-reactid =. "19"> Coca-Cola may not need the advice In October, its president and CEO James Quincey told Yahoo Finance's Brian Sozzi that the beverage , which had been rumored to be nearing a partnership with Candian company Aurora Cannabis, said it was "closely watching" the space and had not yet decided to be involved.
On Friday, a Coca-Cola spokesperson reiterated that the company is not planning to enter the space. "Our chairman and CEO, James Quincey, has repeatedly stated," said Scott Leith, senior director, financial communications for Coca-Cola.
2019 Berkshire Hathaway Annual Shareholders Meeting
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Berkshire Hathaway owns & nbsp;9.4% of Coca-Cola$ 9 billion worth of data-reactid = "34"> Berkshire Hathaway owns 9.4% of Coca-Cola, a stake worth about $ 19 billion.
Berkshire first bought a major stake in Coca-Cola back in 1988, noting in its annual report that it is expected to hold the securities "for a long time."
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" In fact, when we own portions of outstanding businesses with outstanding management, our favorite holding period is forever, "& nbsp;the company's 1988 shareholder letter stated. "data-reactid =" 36 ">" In fact, when we own shares of outstanding businesses with outstanding managements, our favorite holding period is forever, "the company's 1988 shareholder letter stated.
Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Buffett, a famous consumer of Cherry Coke, enjoys the drink so much that he allowed the company to put his face on cans & nbsp;for the drink China launch in 2017. "data-reactid =" 37 "> Buffett, a famous consumer of Cherry Coke, is enjoying the drink so much that he is in the market for the launch of China launch in 2017.
Here's a look at Berkshire's other investments:
Source: David Foster / Yahoo Finance
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Alexis Keenan is a New York-based reporter for Yahoo Finance. She previously worked for CNN and is a train litigation attorney. Follow on Twitter @alexiskweed. "data-reactid =" 50 ">Alexis Keenan is a New York-based reporter for Yahoo Finance. She previously worked for CNN and is a train litigation attorney. Follow on Twitter @alexiskweed.
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