Breaking down Buffett & Munger's opinions on Bitcoin, climate risk

ANDY SERWER: And that concludes the 2021 Berkshire Hathaway annual meeting to shareholders. But stick around, there is a lot to talk about, a lot to go through with our panel here at Yahoo Finance. Of course, Buffett and Munger talking about all manner of subjects concerning Berkshire, how the company performed, the economy, railroads, tech stocks, Bitcoin, the whole gamut.

And the atmosphere here in the room, you guys, different from last year when there was absolutely no one in the cavernous CHI Center in Omaha. There are directors, you can hear them behind me talking right now. A good number of them turned out. So there was some reaction in response to the zingers that Buffett and particularly, Charlie Munger, delivered to the crowd. But still not the same thing as the 40,000 people who attend each year.

And you heard Buffett at the end there just talking about how he hoped everyone would be back in Omaha next year. And of course, he had the exact date right there, April 30 of 2022. So want to go around and get some reaction, top line from the panel. Myles Udland, why don't we start with you? What was your big takeaway?

MYLES UDLAND: Well, you know, Andy, it's funny. Every year you come out of this and you always think about tone and topics. And I was thinking about last year's meeting and you wrote about it a little bit this morning on Yahoo Finance, that was kind of the bottom of sorts. If you go through and you look at a bunch of COVID statistics and you think about where the economy was, where everyone's attitude was, the market, of course, we now know had bottomed about six weeks before that meeting, which I believe the exact date would have been May 2.

But it was really kind of the absolute trough, the nadir, if you will, of the COVID moment in the United States. And there have been many dark days since then. But now we are talking about more than 50% of the population with at least one shot of a vaccine. We are seeing things reopen. And to that end, the conversation this year was much more a classic Buffett conversation, if you will.

Sourse: finance.yahoo.com

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