Warren Buffett said on Saturday he could not imagine Washington allowing the U.S. to default on its debt by refusing to raise the country's debt ceiling, and risk disrupting the world's financial system by letting the world 'go into turmoil.'
Investors and guests arrive for the Berkshire Hathaway annual shareholders' meeting in Omaha, Nebraska, U.S. May 6, 2023. REUTERS/Rachel Mummey
Vice Chairman Greg Abel, 60, who would become CEO if Buffett were no longer in charge, and Vice Chairman Ajit Jain, 71, are also taking some questions.The meeting is the centerpiece of a weekend Buffett calls "Woodstock for Capitalists" that draws tens of thousands of people to Omaha. It also includes shopping discounts and events around the city.
Buffett said Berkshire's insurance underwriting performance will likely improve in 2023, and Berkshire will generate more income now that interest rates have risen. Vidhya Vivekananda, an investment associate from Vancouver, said she and her husband showed up 30 minutes earlier for their first meeting.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 key questions for Warren Buffett at Saturday's Berkshire annual meetingBillionaire investor Warren Buffett and 'right-hand man' Charlie Munger hold court Saturday. Investors want answers to these questions.
Read more »
92-year-old Warren Buffett won't be replaced anytime soon, Berkshire board member saysInvestors shouldn't expect a change of leadership at the top of Berkshire Hathaway anytime soon, even though Chairman Warren Buffett is 92 and his partner...
Read more »
Apple hands Warren Buffett's Berkshire Hathaway a $214 million payout ahead of shareholder weekendApple hands Warren Buffett’s Berkshire Hathaway a $214 million payout ahead of shareholder weekend
Read more »
Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie MungerWarren Buffett is set to kick off Berkshire Hathaway's annual shareholder meeting Saturday. Here's your complete guide for the highly anticipated event.
Read more »
7 stocks that fit Warren Buffett's buying criteria ahead of Berkshire's annual meetingCNBC Pro sought to identify names that fit the criteria Warren Buffett looks for when buying a company.
Read more »
Warren Buffett owns these stocks, and analysts love them tooWatch these stocks in the Berkshire Hathaway portfolio that have analysts equally as excited to own them.
Read more »