Profits jump at Buffett's company ahead of annual meeting
Warren Buffett's company said its first-quarter profits soared along with the paper value of its investment portfolio OMAHA, Neb. -- Warren Buffett’s company said its first-quarter profits soared along with the paper value of its investment portfolio — giving the thousands of shareholders who filled an arena Saturday to listen to the billionaire and several other top executives answer questions some good news to start the day. “It’s a once in a lifetime opportunity,” said Chloe Lin, who traveled from Singapore to attend the meeting for the first time and learn from Buffett and his longtime investing partner Charlie Munger. Berkshire’s shareholders meeting always attracts throngs of people who admire the two investors and want to hear whatever wisdom they have to offer about recent events and life lessons. And with both men in their 90s this year, some in the crowd feel the urgency to attend now while both men are still here. “Charlie Munger is 99. I just wanted to see him in perso...