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Warren Buffett sees 'significant' inflation amid 'red hot' US recovery

  Warren Buffett told Berkshire Hathaway shareholders on Saturday that he was surprised by the “red hot” US economic rebound and warned the company was being hit by inflationary pressures. “We’re seeing very substantial inflation,” the 90-year-old chairman said in his address to investors that was held virtually for the second consecutive year because of the pandemic. “It’s very interesting. We’re raising prices. People are raising prices to us and itâ�...
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Warren Buffett says US economy's unexpected strength benefits Berkshire | Money

Sunday, 02 May 2021 07:59 AM MYT Buffett lamented how an influx of so-called special purpose acquisition companies and inexperienced investors hoping for quick riches have made markets feel like a casino. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. NEW YORK, May 2 — Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a US economy faring far better than he predicted early in the coronavirus pandemic, though inves...
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Warren Buffett criticizes trading app Robinhood at annual meeting | News | DW

Flash mob on Wall Street: Amateurs make toxic assets explode Trading apps and cryptocurrencies Buffett said apps such as Robinhood, which are popular among millennials, encourage a "gambling impulse" among Americans and create a casino-like atmosphere. "There is nothing illegal to it, theres nothing immoral, but I dont think you build a society around people doing it," he added. Munger shared his views, and said it was "just god-awful that something like that would draw investment from civi...
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Source: dw.com

Buffett says Berkshire hit by inflation amid 'red hot' US recovery

Buffett says Berkshire hit by inflation amid ‘red hot’ US recovery Eric Platt Save Share New York | Warren Buffett told Berkshire Hathaway shareholders on Saturday (Sunday AEST) he was surprised by America’s “red hot” economic rebound and warned the company was being hit by inflationary pressures. “We’re seeing very substantial inflation,” the 90-year-old chairman said in his address to investors that was held virtually for the second consecutive year bec...
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Source: afr.com

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"The Costs Are Up, Up, Up. We're Seeing Substantial Inflation" Admits A Surprised Warren Buffett As Powell, Yellen See Nothing

Expand "The Costs Are Up, Up, Up. Were Seeing Substantial Inflation" Admits A Surprised Warren Buffett As Powell, Yellen See Nothing by Tyler Durden Monday, May 03, 2021 - 08:55 AM We already touched on two of the more colorful exchanges from Saturdays Berkshire annual videoconference, both of which incidentally starred the traditionally far more outspoken Charlie Munger, who first crushed a generations monetary dreams saying that todays Millennials will have "a hell of a time getting rich com...
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Warren Buffett says U.S. economy's unexpected strength benefits Berkshire

Message : Required fields (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway Inc 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 Berkshires annual meeting, Buffett said the economy has been "resurrected in an extraordinarily effective way" by monetary stimulus from the Federal Reserve and fiscal stimulus from the U.S. Congress. "It did the job," Bu...
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Buffett's Berkshire pressured to be more environmentally and socially responsible

Buffetts Berkshire pressured to be more environmentally and socially responsible Warren Buffett defended the decision by Berkshire Hathaway to not put out reports from its many subsidiaries about how the company is addressing the risks of... Posted: May 1, 2021 6:27 PM Posted By: CNN Warren Buffett defended the decision by Berkshire Hathaway to not put out reports from its many subsidiaries about how the company is addressing the risks of climate change. Buffett claimed at the companys annual...
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Buffett touts US economy's unexpected strength as Berkshire rebounds

CALIFORNIA: Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a US 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...
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