Dairy Queen CEO Troy Bader told BI he was anxious but excited to interview with Warren Buffett, and shared two big takeaways from their conversation.

Warren Buffett’s Berkshire Hathaway Inc. slashed its exposure to big-bank shares in the first quarter, liquidating its position in Citigroup Inc. and trimming positions in Bank of America Corp. and Capital One Financial Corp., according to a regulatory filing on Thursday.

Even though Warren Buffett hasn't made any specific mention of the Shiller P/E, or any valuation index for that matter, his actions -- i.e., 10 consecutive quarters of net-selling activity and Berkshire's record cash pile -- make crystal clear that stock valuations aren't attractive.

Warren Buffett’s Berkshire Hathaway sold its shares of Citigroup during the first quarter, while trimming its stakes in Bank of America and Capital One.

Billionaire Warren Buffett will remain chairman of Berkshire Hathaway after Greg Abel takes over as CEO at the start of the new year.

Warren Buffett is one of history’s most celebrated investors, leading Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) to a 20% annualized return since 1965, doubling the S&P 500’s 9.9%.  His disciplined value approach — investing in buying undervalued companies with strong fundamentals — would have grown a $10,

Ally Financial is the most unique bank stock in Berkshire's portfolio, as is an online-based financial institution that specializes in auto lending and high-yield deposit accounts. As of the latest information, Berkshire owns 9.4% of Ally, a stake worth just over $1 billion.

Berkshire’s $259 billion 36-stock portfolio added one new stock. Warren Buffett was a net seller of stocks for the tenth straight quarter, but added to some recent buys.