Here are the five best moments from Berkshire Hathaway's 2020 annual shareholder meeting.
"We have not done anything because we haven't seen anything that attractive," Buffett said. "We are not doing anything big obviously. We are willing to do something very big. I mean you could come to me on Monday morning with something that involved $30, or $40 billion or $50 billion. And if we really like what we are seeing, we would do it.
"In my view, for most people, the best thing is to do is owning the S&P 500 index fund," Buffett said. "There are huge amounts of money people pay for advice they really don't need." "If you bet on America and sustain that position for decades, you'd do far better than buying Treasury securities, or far better than following people who tell you" what to invest, he added.Warren Buffett: For most people, the best thing is to do is owning the S&P 500 index fundHe added people should not borrow money to participate in the market ever and especially now given the uncertainty around the pandemic.
"When something like the current pandemic happens, it's hard to factor that in. That's why you never want to use borrowed money, at least in my view, into investments," Buffett said.Vice Chairmen Charlie Munger, 96, wasn't in attendance, though Buffett said his longtime business partner was in fine shape and will return to the annual meeting next year.VIDEO
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