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Buffett Lures Omaha Disciples With Stock Buys, Inflation Warning

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Reuters

Buffett reveals big investments, rails against Wall St excess at Berkshire meeting

OMAHA, Neb. (Reuters) -Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway Inc to reveal major new investments including a bigger stake in Activision Blizzard Inc, while also railing against Wall Street excess and addressing the risks to his conglomerate of inflation and nuclear war. The meeting in downtown Omaha, Nebraska was Berkshire’s first welcoming shareholders since 2019, before COVID-19 derailed America’s largest corporate gathering for two years. It allowed shareholders to ask five hours of questions directly to Buffett and Vice Chairman Charlie Munger, and some questions to Vice Chairmen Greg Abel, who would become chief executive if Buffett could not serve, and Ajit Jain.

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