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It’s been dubbed the “Woodstock of Capitalism.” We’re talking about the Berkshire Hathaway’s (BRK-A) annual meeting.
Historically, it’s been a time for Warren Buffett to wax poetic about the state of the economy and Berkshire’s performance as well as chug Cherry Cokes and get a good deal on a diamond ring. However, this year was anything but the spectacle that has traditionally been Berk’s gathering in Omaha.
In fact, it was downright depressing.
Thanks to the coronavirus pandemic, the annual meeting was essentially canceled with Buffett providing commentary via a live video broadcast. In addition to the absence of newspaper throws, games and free See’s candy, there was an absence of euphemism from Buffett. The “Oracle of Omaha” painted a very murky picture of the future – and dividend investors should be concerned.
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