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Warren Buffett thinks ‘American Magic’ is set to overcome coronavirus uncertainty

Buffet was confident but noted it's hard to factor in an unpredictable event like a pandemic on markets, and he underscored his policy of not using borrowed money for investments

By

Geoffrey Rogow

and

Jenna Telesca

Warren Buffett, chair and chief executive officer of Berkshire Hathaway, conducts its annual shareholders meeting virtually
Warren Buffett, chair and chief executive officer of Berkshire Hathaway, conducts its annual shareholders meeting virtually Photo: Getty Images

Warren Buffett offered reassurance at Berkshire Hathaway Inc.’s BRK.B -2.50% annual meeting Saturday that the U.S. economy will recover steadily from the coronavirus pandemic.

Speaking onstage at an empty arena in downtown Omaha, Neb., Buffett said the range of possibilities from the pandemic was wide, but it had significantly narrowed in recent weeks.

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