Warren Buffett lost one of his closest friends, Walter Scott, on Saturday and we lost one of BRK's longest serving Directors and a significant shareholder and business partner.
Buffett and BRK have now gained around $9 billion on the American Express (AXP) stake thus far this year, bringing the total unrealized gain to $26 Billion on AXP. BRK's original AXP stake of 11% was acquired 25 years ago, but has now ballooned to 19% due to share buybacks. Great stuff!