Omaha, Nebraska | Warren Buffett used the annual meeting of Berkshire Hathaway on Saturday (Sunday morning AEST) to rail against Wall Street excess and extol the virtues of cash after rapidly spending tens of billions on stocks and companies. He also addressed the risk to his conglomerate from the threat of nuclear war.

The meeting in downtown Omaha, Nebraska, was Berkshire’s first welcoming shareholders since 2019, before COVID-19 derailed America’s largest corporate gathering for two years. It allowed shareholders to ask questions directly to Mr Buffett and Berkshire vice chairmen Charlie Munger, Greg Abel and Ajit Jain.

Reuters