There's a key takeaway at the way Buffett admitted he made a colossal mistake by investing in airlines Berkshire Hathaway, Warren Buffett’s iconic holding company, held its annual general meeting on 2 May.
The meeting is an annual pilgrimage of sorts for dedicated equity investors. This year due to the travel bans and Covid-19 lockdown, the meeting was conducted over video conferencing.
In it, Buffett revealed important parts of his thinking and his investments in the midst of the Covid 19 crisis. Pay attention to risk: Despite Warren Buffett’s famous quote about being greedy when others are fearful, Buffett made just $1.8 billion of net equity purchases in Jan-March 2020 (the company has a cash pile of $137 billion).