The annual meeting of Berkshire Hathaway, led by Warren Buffet and Charlie Munger, was held on May 6 in Omaha, Nebraska.
The two executives discussed their company's performance over the past year and answered questions from shareholders.
- The meeting was held in person but also broadcast online for those unable to attend.
- The executives also spoke about their concerns over the global economy and emphasized the importance of responsible investing.
- Buffet expressed optimism about the future of Berkshire Hathaway, citing its strong financial position and commitment to responsible investing.
- Buffet emphasized investing in companies with solid management teams and competitive advantages.
- Berkshire Hathaway holds a significant stake in Occidental Petroleum, but Buffet stated that the company does not plan to acquire the entire business.
- Warren Buffet expressed concern over the future of American banks. Buffet cited the low interest rate environment and increased competition from fintech companies as factors contributing to the uncertain future of American banks.