The results were released one day before Berkshire's annual meeting in Omaha, Nebraska, where Buffett, 86, and Berkshire Vice Chairman Charlie Munger, 93, were to answer five hours of questions from shareholders, journalists and analysts.
Buffett also admitted he was wrong to think International Business Machines Corp (IBM.N) "would do better" six years ago, when he started amassing an 81 million share stake.
He said the current 35 percent corporate tax rate was "not much" of a competitive disadvantage for USA companies, despite Trump's push to slash it to 15 percent.
Wells Fargo shares are little changed from their 2014 closing price, while rivals Bank of America and JPMorgan Chase have each advanced more than 30 percent in that span.
Two shareholder proposals that would have required Berkshire to report on its efforts to reduce methane emissions, and divest stakes in companies involved in fossil fuels, were also voted down overwhelmingly.
"We need to bring back the manufacturing jobs that pay a lot", he said in a Bloomberg Television interview on Friday.
After profusely praising Amazon chief Jeff Bezos, Buffett said he missed that opportunity as well.
Berkshire Hathaway Inc BRKa.N shareholders on Saturday rejected a proposal to have the conglomerate run by Warren Buffett disclose its political contributions twice a year.
HTC U Play price slashed by Rs 10000
The front camera sports a 16-megapixel sensor with an UltraPixel mode, a BSI sensor, an f/2.0 aperture with a 28mm focal length. Not too long ago, HTC introduced the availability of HTC U Play in India, which comes with mid-range specifications on board.
Buffett said "it's bad" when airline executives get hauled before Congress, as Munoz and others were last week, but said the strategy behind his airline investments remains unchanged. "You can tell us apart, because he can hear and I can see".
Many hedge-fund managers charge management fees of 2 percent of the fund and also take 20 percent of profits in what's called the 2-and-20 compensation model.
"Beyond that, we have to have policies that take care of the people that become the roadkill in the process", Buffett said.
"They have followed the standard capitalist formula. of trying to do the same business with fewer people", Mr. Buffett said.
Vice chairman Munger reminded the meeting "you've got to remember railroads were a bad business for decades and decades and decades, and then they got good".
Will be in India if I feel there is a good value company for sale, Buffett said.
Buffett also used the meeting to criticise United States bank, Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal which is still impacting the bank. Buffett joked that if Bogle holds out for just a couple more years, he'll be old enough to qualify for an executive job at Berkshire.
"I think it's a neat way to keep the enthusiasm up in shareholders", said Jerry Meyer, who drove to Omaha with family from Coffeyville, Kansas.
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