malaymail.com 02 May, 2021 04:30 am

Warren Buffett says US economy’s unexpected strength benefits Berkshire

Warren Buffett says US economy’s unexpected strength benefits Berkshire
NEW YORK, May 2 — Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a US economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire’s annual meeting, Buffett said...

NEW YORK, May 2 — Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a US economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash.Speaking at Berkshire’s annual meeting, Buffett said the economy has been “resurrected in an extraordinarily effective way” by monetary stimulus from the Federal Reserve and fiscal stimulus from the US Congress.“It did the job,” Buffett said.“We’ve seen some strange things happen in the world in the last year, 15 months,” Buffett said.

“It’s a killer,” Buffett said, referring to SPACs.As the meeting concluded, Buffett said the odds were “very, very good” that next year’s meeting would include shareholders again.

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