Be in the know. 20 key reads for Saturday…

  1. Charlie Munger (from Berkshire Meeting yesterday), “The reason that I invested in China is I get so much better companies at so much lower prices” (CNBC)
  2. China Plans Reprieve for Tech Giants, Including Delaying New Rules, as Economy Slows (wsj)
  3. Warren Buffett’s Berkshire bets big on US stock market (ft)
  4. With Berkshire Hathaway’s Annual Meeting Back in Person, Buffett Cracks Jokes and Explains His Latest Investments (marketwatch)
  5. Charlie Munger says he doesn’t like bitcoin because its ‘stupid,’ ‘evil,’ and makes people look bad (marketwatch)
  6. Chinese Tech Stocks Lead Market Rebound (wsj)
  7. Buffett Is Back With One of His Biggest Buying Sprees in Years (bloomberg)
  8. Warren Buffett on Investments, Inflation, Politics, and More (barrons)
  9. Mario Gabelli, John Rogers, and other elite investors discussed Warren Buffett’s $23 billion of new bets at Berkshire Hathaway’s annual weekend meeting. Here are the best quotes. (businessinsider)
  10. Alibaba soars 10% as Chinese tech stocks rally after Beijing signals it will pause crackdown on the sector and bolster economic growth (businessinsider)
  11. Warren Buffett says inflation ‘swindles almost everybody,’ Munger rails against bitcoin, market ‘mania’ (cnbc)
  12. Buffett gives most expansive explanation for why he doesn’t believe in bitcoin (cnbc)
  13. At the Berkshire Hathaway annual meeting, Warren Buffett aims to assure shareholders (marketwatch)
  14. China’s Xi Vows Healthy Development of Capital, Deeper Reforms (bloomberg)
  15. Has inflation reached a peak? Three signs that prices could soon come down (cnn)
  16. Fed Prepares Double-Barreled Tightening With Bond Runoff (wsj)
  17. When the Corvette Got a Major Change, It Revved His Engine (wsj)
  18. JPMorgan Expects S&P 500 Earnings to Blow Past Gloomy Estimates (bloomberg)
  19. Activist Investor Daniel Loeb Sees Roughly $1 Trillion of Untapped Value in Amazon (wsj)
  20. Utility Companies Between 1929 and 1992 (DGI)