The famous investor’s address to the shareholders and his millions of admirers, hosted virtually, comes in the backdrop of a rebounding US and global economy as Covid-19 vaccination accelerates in most western nations.
Buffett’s Berkshire Hathaway, however, used most of the March quarter to book profits and the company’s net stock sales were the highest in five years in the quarter, as per Berkshire Hathaway’s earnings reported earlier in the day.
The billionaire investor’s every word from this annual event is diced and sliced by admiring investors and shareholders as they look for guidance, bigger meanings and plain wisdom in the nonagenarian’s three-and-a-half-hour long question and answer session.
Here are some of the major highlights and quotes from this year’s Berkshire Hathaway AGM:
- I will like the new investors to keep some things in mind before they do 30 trades every day in what looks like a very easy game
- This has been a very unusual recession… Right now business is really very good in great many segments of the economy. There are still problems in few businesses.
Buffett on holding the AGM for the first time out of Omaha:
- All of us wanted to do it (AGM) with Charlie (Munger), not because he asked for it.
