Buffett: Apple is "a better business than any company we own."

Buffett: I wanted to introduce Abel to the executives of Japanese trading companies because I realized that Berkshire Hathaway would have ongoing investments and relationships in Japan.

Abel, vice chairman of Berkshire Hathaway: Buffett went to Japan to invest in order to "build trust" with these companies, which is an "incredible" investment.

Buffett: Investments in Japan will continue to increase the value of Berkshire Hathaway.

Buffett: The company may occasionally cooperate with Japanese trading houses, and we look forward to that.

Jain, vice chairman of Berkshire Hathaway: I am very satisfied with the reinsurance portfolio, but due to the impact of a potential hurricane in Florida, the portfolio has an "unbalanced" risk.

Brazilian President Lula: The Brazilian economy will grow and workers need access to capital.

When talking about commercial real estate, Charlie Munger, vice chairman of Berkshire, said that in the United States and the world, commercial real estate problems may be very big, but I think we will get through this crisis.

Charlie Munger, vice chairman of Berkshire: The world now is completely different from when we first started. There is too much money now.

Charlie Munger, vice chairman of Berkshire: Value investors should be used to earning less than others, and part of the reason is because there are too many value investors.

Warren Buffett, CEO of Berkshire Hathaway: I am a little worried about artificial intelligence because we have no way to reverse (uninvent) it.

Charlie Munger, vice chairman of Berkshire: I am personally skeptical about the hype of artificial intelligence, and traditional intelligence (old-fashion intelligence) is just as effective.

Warren Buffett, CEO of Berkshire Hathaway: In the past decade, there have been many public companies in the insurance industry. But these are not what we want. These companies bill themselves as technology companies, but even so, they still need to match the interest rate with the risk.

Jain, vice chairman of Berkshire: Because of these technical problems and risk matching ratio, GEICO still needs to continue to develop. Even so, GEICO had a very good quarter.

Jain, vice chairman of Berkshire: GEICO technology needs more work, which is a challenging technology.

Berkshire Hathaway CEO Warren Buffett: Berkshire added $7 billion in Treasury securities in April.

Berkshire Hathaway CEO Warren Buffett: Interest on cash holdings will increase from $50 million to $5 billion due to (rising) interest rates.

Warren Buffett, CEO of Berkshire Hathaway: The performance of the insurance underwriting business may be better this year.