Warren Buffett touts U.S. economy’s unexpected strength as Berkshire rebounds
Warren Buffett said on Saturday that Berkshire Hathaway Inc (BRKa.N) is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire’s annual meeting, Buffett said the economy has been “resurrected in an extraordinarily effective way” by monetary […]
Buffett says Berkshire “not competitive” with SPACs on deals
Warren Buffett on Saturday compared the buying frenzy by special purpose acquisition companies, or SPACs, to gambling with other people’s money and said their activity has made it tough for his company, Berkshire Hathaway Inc (BRKa.N), to compete on deals. Berkshire Hathaway has $70 billion to $80 billion it would “love to put to work,” but […]
