Warren Buffett Hosts His Annual 'Woodstock For Capitalists,' But Virtually
Wochit Business
2020-05-02
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Billionaire investor Warren Buffett discussed a range of topics at Berkshire Hathaway's annual meeting on Saturday.
The Berkshire Hathaway CEO hosted the virtual event and answers questioned posed by journalists.
Berkshire Hathaway recently 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 $6.1 billion in stock on a net basis in April.
That upended expectations that it would capitalize on the coronavirus sell-off and buy stocks on the cheap.
The Berkshire Hathaway CEO hosted the virtual event and answers questioned posed by journalists.
Berkshire Hathaway recently 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 $6.1 billion in stock on a net basis in April.
That upended expectations that it would capitalize on the coronavirus sell-off and buy stocks on the cheap.
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