Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation
- Buffett and Munger answered questions at Saturday’s meeting
- Key takeaways covered climate, SPACs, taxes and succession
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Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.
“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.