Billionaire investor Warren Buffett said Saturday he’s confident the US economy will bounce back from its pummelling by the coronavirus pandemic because “American magic has always prevailed”.The 89-year-old made the sanguine prediction about the world’s largest economy as his holding company Berkshire Hathaway reported first-quarter net losses of nearly US$50 billion.Buffett also announced Saturday that his company had sold all its stakes in four major US airlines last month, as the pandemic…
from South China Morning Post https://bit.ly/2SsXmoH
Sunday, May 3, 2020
Coronavirus: billionaire Warren Buffett’s prediction for America after Berkshire Hathaway’s US$50 billion loss
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