Warren Buffett delivered a clear verdict on the state of the U.S. economy as it emerges from the pandemic red hot, says an article on Financial post.
Virtual meeting held
“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.
Economy into “super-high gear”
Buffet- Munger meeting
Buffett reunited with his long-time friend and business partner Charlie Munger for this year’s meeting. Munger didn’t make it to last year’s meeting in Omaha, Nebraska — Buffett’s hometown — due to the shutdowns across the country. Some shareholders were relieved to see the duo fielding questions together again.
Buffett and Munger spent hours fielding questions, from the economy to climate and diversity, the SPAC boom, taxes, and succession.
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Source: Financial Post