Warren Buffett on coronavirus: “Nothing can basically stop America”
Billionaire investor Warren Buffett doesn’t know how the U.S. economy will recover from the coronavirus outbreak shutdown. He just believes it eventually will, and that’s what fuels his optimism about investing in the long-term future of the United States, he said at an unusual annual meeting of Berkshire Hathaway shareholders on Saturday.
Unusual in that Buffett’s insurance conglomerate earlier in the day had reported that itin the first three months of the year. Unusual, too, in that the company’s annual shareholder meeting was “virtual” — conducted online in its hometown of Omaha without any of the 40,000 enthusiastic shareholders who typically attend what’s often called the “annual “Woodstock of Capitalism.”
Buffett said during a question-and-answer session Saturday there’s no way to predict the economic future now because the possible outcomes are still too varied during the coronavirus …continued .
[Source: CBS News]