SUBSCRIBERS

Buffett defends Berkshire's investments, including Coke

Its Q1 net income is slated to have risen 8% although operating profit probably fell 12%

Published Sun, May 1, 2016 · 09:50 PM

Omaha, Nebraska

WARREN Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad.

Speaking to tens of thousands of shareholders at Berkshire's annual meeting in Omaha, Nebraska, Mr Buffett and vice-chairman Charlie Munger also touched on many other issues including the 2016 US presidential election, the risks of derivatives, and big losses at a mutual fund closely associated with Berkshire.

Mr Buffett, a supporter of Democrat Hillary Clinton for president, was asked about the regulator…