Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.
“Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American miracle, the American magic has always prevailed and it will do so again.”
“In World War II, I was convinced of this,” he said. “I was convinced of this during the Cuban Missile Crisis, 9/11, the financial crisis.”
But on the other hand, Buffett just sold his entire portfolio of airline stocks!
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