Berkshire Hathaway: What you need to know from the annual shareholders meeting
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Berkshire Hathaway: What you need to know from the annual shareholders meeting
Berkshire Hathaway: What you need to know from the annual shareholders meeting
Billionaire investor Warren Buffett hosted the Berkshire Hathaway (BRK.A) annual shareholders meeting on Saturday, May 6, 2023 in Omaha, Nebraska. During the wide-ranging Q&A sessions, Buffett, the company’s CEO and Chairman, and Vice Chairman Charlie Munger answered questions from shareholders about the overall health of the economy, inflation, the regional bank crisis and artificial intelligence. The annual shareholders meeting took place just days after the Federal Reserve raised interest rates by 0.25% to a new 16-year high above 5% . Yahoo Finance’s Brian Sozzi and Myles Udland provide an overview and key takeaways from Saturday’s event.
Key Moments: 00:02:43 breakdown of Buffett’s comments on banking 00:04:00 analyzing what Buffett and Munger said on AI 00:05:54 what Buffett and Munger said about “value investing”
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Billionaire investor Warren Buffett hosted the Berkshire Hathaway (BRK.A) annual shareholders meeting on Saturday, May 6, 2023 in Omaha, Nebraska. During the wide-ranging Q&A sessions, Buffett, the company’s CEO and Chairman, and Vice Chairman Charlie Munger answered questions from shareholders about the overall health of the economy, inflation, the regional bank crisis and artificial intelligence.
The annual shareholders meeting took place just days after the Federal Reserve raised interest rates by 0.25% to a new 16-year high above 5% .
Yahoo Finance’s Brian Sozzi and Myles Udland provide an overview and key takeaways from Saturday’s event.
Key Moments:
00:02:43 breakdown of Buffett’s comments on banking
00:04:00 analyzing what Buffett and Munger said on AI
00:05:54 what Buffett and Munger said about “value investing”
Video Transcript
[MUSIC PLAYING]
BRIAN SOZZI: Welcome to Yahoo Finance's special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting, known as the Woodstock of capitalism. And it's among the biggest events of the year for investors. We'll hear from legendary investor and Berkshire Hathaway Chairman and CEO Warren Buffett, along with his Vice Chairman Charlie Munger, as they give us their unique take on what's been a complicated year for the markets.
A banking crisis, a slowing economy, geopolitical tensions, accelerated digital transformation with AI and a lot more, it's all on the agenda today. We're breaking down the big news from today's meeting and what's happening to the markets and your money.
Brian Sozzi of Yahoo Finance here with Yahoo Finance's head of news, Myles Udland. And Myles and I, along with all of these people, are streaming out of the CHI Health Center in Omaha, Nebraska, have been ingesting hours and hours of Warren Buffett's insights into the economy and stocks alongside his right-hand man, Vice Chair Charlie Munger. And of course, we have a lot of takeaways.
But let's start with three from this really celebration of capitalism, as those Berkshire shareholders love to call it. First off, the big banks, everybody in this room was waiting, Myles, to hear from Buffett on his views on the banks. Of course, First Republic now owned by JP Morgan, Buffett really not disappointing. Out of all the bank stocks that he talked about and the sector itself, he said he liked Bank of America, which he owns 13% of.
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