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Following the February 14 school shooting at Marjory Stoneman Douglas High School in Parkland, Florida, Buffett told CNBC: "I don't believe in imposing my views on 370,000 employees and a million shareholders".

During the recent Berkshire shareholder meeting, Buffett disagreed, adding that Musk wouldn't dare challenge his company in the candy market, Fortune reported.

United States billionaire investor Warren Buffett said on Saturday that the world depends on the U.S. and China for progress, dismissing concerns that the two countries' trade tensions could potentially escalate into a trade war.

Buffett said that the buyback program would be the most effective use of the company's cash. "I love the idea of having our 5 percent, or whatever it is, maybe grow to 6 or 7 percent without our laying out a dime". In his eyes, Apple is the ideal type of stock for Berkshire Hathaway because of the way the company operates.

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Speaking at Berkshire's annual shareholder meeting, Buffett credited Apple with developing "extremely sticky" products to which consumers become attached, Reuters reports.

Last week, the so-called "Oracle of Omaha" argued that investing in bitcoin is a gamble, not an investment.

In a Twitter rant Saturday, billionaire tech innovator and investor Elon Musk said he is "super super serious" about starting a candy company.

At the AGM, the company told shareholders that it had swung to a $1.14 billion loss at the end of the latest financial year, compared with a profit of $4.06 billion in the previous 12 months.


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