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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 virtual annual meeting.

May 4, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 8:36 a.m. UTC

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.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

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: 

  • Why Warren Buffett's Berkshire Hathaway sold its entire $6.5 billion stake in the airline industry
  • Why it is sitting on $137 billion in cash 
  • Why Berkshire hasn't made any investments 
  • How the Federal Reserve gave companies better terms than they were willing to make

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.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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