Warren Buffet on COVID19: History is witness, no one can stop America's economy

Warren Buffett  has given a clear view of the US economy amid the coronavirus epidemic.

Warren Buffett, considered the world's largest investment guru, has given a positive trend to the US economy amidst the Corona Virus Pandemic. Looking at the 231-year-old history of America, he speculated about its future. At the annual general meeting of Berkshire Hathaway, the company's chairman and CEO Buffet said that nothing can stop America.

Addressing the shareholders, he said that we have faced many problems in the past as well. American miracle, American magic has always prevailed and will happen again. In view of the global economy, which is suffering due to Corona virus, investors who think that the condition of the American economy will be worse and if they plan their business accordingly, they will be proved wrong. For this type of strategy, those who take loans will have to bear the brunt.
Warren Buffet on COVID19 History is witness, no one can stop America's economy
Warren Buffet on Covid19 History
Warren Buffet said that even though there are uncertainties at this time, he is optimistic about the growth of the American economy. The prospects on the economy front still exist in an extraordinary manner. What we have achieved in the last 231 years is full of miracles.

This time the meeting was online

Berkshire Hathaway's 2020 annual general meeting was held online due to coronavirus. Usually investors come from all over the world to participate in this meeting. It is not less than a pilgrimage for them. Buffett's partner, 96-year-old Charlie Munger, was not present at the meeting this time.

Buffet reassured investors that Munger's health was fine but that it was not a good idea to call him to New York for a meeting with Omaha at this time. On this stage with Warren Buffet, the company's vice chairman, non-insurance operations Greg Able was present.

3.8 lakh crore loss

According to the company's financial results released on Saturday, Berkshire Hathaway incurred a net loss of $ 49.75 billion (about Rs 3.8 lakh crore) in the January-March quarter of 2020. The company had a net profit of $ 21.66 billion in the same quarter last year.
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