Public announcements from Berkshire Hathaway

Buffett Sells Entire Paramount Stake, Admits Significant Loss

May 4, 2024, 07:03 PM

Warren Buffett announced at the 2024 Berkshire Hathaway annual meeting that the company has sold its entire stake in Paramount, incurring a significant financial loss. Buffett took full responsibility for the decision, clarifying that it was solely his choice, not influenced by Berkshire executives Todd Combs or Ted Weschler. He emphasized that such losses are part of the business dynamics.