Why Warren Buffett’s Bearishness Should End V-Shaped Recovery Talk
NLW unpacks a meaningful shift as the famously optimistic Warren Buffett struck a more sober note at Berkshire Hathaway’s first-ever virtual annual meeting.
One month after the bankruptcy of Lehman Brothers in 2008, Warren Buffett of Berkshire Hathway wrote an op-ed saying he was buying stocks. Yet, during the coronavirus crisis he is sitting firmly on the sidelines.
On Saturday night, the “Oracle of Omaha” spoke for 4.5 hours in the first virtual Berkshire Hathaway annual shareholders meeting – an event some have called the “Woodstock of Capitalism.”
On this episode, NLW examines some of the key topics of the presentation, including:
It was hard not to watch the presentation without concluding Buffett thinks there are simply too many unknowns in the world going forward to feel comfortable doing much in the market right now.
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