Warren Buffett discussed coronavirus, the economy, and stocks at Berkshire Hathaway's annual meeting. Here are the highlights.
Warren Buffett discussed coronavirus, the economy, and stocks at Berkshire Hathaway's annual meeting. Here are the highlights.Warren Buffett discussed a range of topics at Berkshire Hathaway's annual meeting on Saturday, often touted as"Woodstock for capitalists."
The famed investor and Berkshire CEO, along with Greg Abel, vice chairman of non-insurance operations, hosted the virtual event and answers questioned posed by journalists.. The company posted a record quarterly loss of about $50 billion, largely due to $55 billion in investment losses. It also grew its cash pile from $128 billion to $137 billion in the period, and sold about $6.
"He's added Zoom to his repertoire," Buffett continued."He's just skipped right by me technologically. Like stepping over a peanut.""It's been a flip of the switch in a huge way in terms of national behavior, the national psyche, it's dramatic," he said.
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