Berkshire Hathaway, the $700 billion holding company headed by legendary investor Warren Buffett.The highlight of the event known as “Woodstock for capitalists” is three-plus hours of open Q&A with Buffett, Berkshire vice chairman Charlie Munger and other top managers at the firm.
At this year’s event, held May 1 in virtual form, Buffett and Munger didn’t mince words when asked for their views on the stock market volatility that enveloped ViacomCBS, Discovery and AMC Entertainment earlier this year.
Shares in the three companies soared by triple digits and then fell almost as quickly in a roller-coaster ride that deeply unsettled longtime market watchers. “It’s not just stupid — it’s shameful,” Munger said.Buffett lamented the “casino”.
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