He said the comments at Berkshire Hathaway Inc’s annual meeting in downtown Omaha
Warren Buffett said on Saturday he could not imagine Washington allowing the U.S. to default on its debt by refusing to raise the country’s debt ceiling, and risk disrupting the world’s financial system by letting the world “go into turmoil.”
Vice Chairman Greg Abel, 60, who would become CEO if Buffett were no longer in charge, and Vice Chairman Ajit Jain, 71, are also taking some questions.The meeting is the centerpiece of a weekend Buffett calls “Woodstock for Capitalists” that draws tens of thousands of people to Omaha. It also includes shopping discounts and events around the city.
Berkshire also said it bought back $4.4 billion of stock in the quarter and sold $13.3 billion of other company’s stock, signaling greater confidence in its own shares. Many recognized it could be one of their last chances to see Buffett and Munger, given their advanced ages.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warren Buffett set for 59th shareholder marathon as big questions loom over Berkshire HathawayInvestors know that their time to see and hear Buffett and long-time Vice Chairman Charlie Munger is limited
Read more »
Profits jump at Buffett's company ahead of annual meetingWarren Buffett's company said its first-quarter profits soared along with the paper value of its investment portfolio -- giving the thousands of shareholders who will fill an arena Saturday to listen to the billionaire and several other top executives answer questions some good news to start the day.
Read more »
The must-visit places to eat, drink and explore in Washington, D.C., the easy-to-reach capitalFind a strollable city, full of amazing restaurants with heart, and more free museums than you can fit into one trip.
Read more »
China protests Canada's possible expulsion of diplomatOTTAWA/WASHINGTON — Chinese Ambassador Cong Peiwu on Thursday denied a Beijing official targeted a Canadian lawmaker and his family for his anti\u002DChina stance…
Read more »
Canada is considering expelling Chinese diplomat for targeting lawmakerOTTAWA/WASHINGTON — Chinese Ambassador Cong Peiwu on Thursday denied a Beijing official targeted a Canadian lawmaker and his family for his anti\u002DChina stance…
Read more »
Jan. 6 prosecutors seek 25 years for Oath Keepers founder Stewart RhodesA Washington jury convicted Rhodes in November in one of the most consequential cases brought in the 2021 attack on the U.S. Capitol
Read more »