Berkshire Hathaway Virtual Annual Meeting

Thanks to Yahoo Finance for getting this entire video online, with Warren Buffett and Greg Abel. Here are some of the highlights. Lots of informative conversation up to the one hour mark when Warren begins.

1:16:30 America is a young country with great accomplishments.

1:28:30 Can America endure?

1:52:30 People might have lost faith in America, but Warren says he would never bet against America.

2:48:00 – 3:06:25 Formal part of the meeting.

3:13:00 Recommendations that he is not sure about the markets in the next 2 years but has confidence it will get better long-term. If you invest, do it with businesses you like and believe in, and leave the investments alone.

3:27:00 They plan around worst case scenarios but don’t openly talk about them because it could increase the chance of them happening, and they don’t like bank loans.  

4:38:30 What if bank interest rates go negative?

5:08:30 There are issues with credit cards and their high interest rates.

5:13:20 He believes the recent government crisis Paycheck Protection Program for businesses is good because we should take care of the people who have trouble taking care of themselves.

5:22:00 Thoughts on how capitalism is good, but it does need some regulation.

https://www.youtube.com/watch?v=69rm13iUUgE&list=PLx28zU8ctIRrZxYzwUIUzdz5tT6Ez6dsr