Follow the highlights of Berkshire Hathaway's annual meeting here. Warren Buffett is set to comment on the coronavirus, the state of the American economy and whether he sees any value in the sell-off.
, along with financial journalist Carol Loomis, will also ask questions. It is set to begin at 5 pm ET.Going by the company's first-quarter 10-Q filing, it appears Buffett was not chomping at the bit to buy more stock or companies outright during the coronavirus market rout.
The filingon its balance sheet at the end of the first quarter, up from about $127 billion at the end of the year. Also, the company spent just $1.8 billion buying stocks and just $1.7 billion repurchasing Berkshire Hathaway shares. It will be interesting to see if Buffett is in fact waiting for more clarity that the economy is not going through a more lasting setback because of the pandemic.
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