- Warren Buffett and Charlie Munger spoke at Berkshire Hathaway’s annual meeting on Saturday.
- The pair are set to discuss stocks, market speculation, the economy, and other subjects.
- The billionaire investors cautioned amateur investors against betting on fads.
- See more stories on Insider’s business page.
Warren Buffett has kept an extremely low profile over the past year. He finally broke his silence at Berkshire Hathaway’s annual shareholder meeting on Saturday, which was livestreamed by Yahoo Finance.
The famed investor and Berkshire CEO was joined by his company’s right-hand man, Charlie Munger, on the stage in Los Angeles on Saturday. Berkshire’s heads of insurance and non-insurance operations, Ajit Jain and Greg Abel, were also in attendance.
Buffett and Munger signaled a return to normality at the meeting, which is being held remotely this year due to the coronavirus pandemic. They positioned themselves on either side of a box of Peanut Brittle from See’s Candies, one of Berkshire’s oldest and best-known businesses. Munger had a couple of cans of Coca-Cola – one of the five biggest holdings in Berkshire’s stock portfolio -stationed in front of him.
Follow along for live updates as the meeting continues:
Buffett says that Berkshire’s businesses have done “really quiet well” in extraordinary circumstances.
The billionaire investor opens his presentation this year by highlighting how the biggest companies in the world change from decade to decade.
This story is being updated. Check back for more updates.