Start the conversation
Over the weekend, Warren Buffett hosted the annual Berkshire Hathaway (NYSE: BRK.A) shareholders meeting.
The so-called "Woodstock for Capitalists" featured a few surprise revelations from the Oracle of Omaha.
Buffett, who has been at the helm of the company since 1970, expressed optimism over the long-term outlook of the U.S. economy.
"Nothing can basically stop America," Buffett quipped.
But if you dig through the transcript or listen closely to the full video of the event, you can't help but notice that Buffett was less optimistic about the near-term conditions and more realistic about the challenges that we face in the months and years ahead.
Here are the three most important takeaways of the 2020 Berkshire Hathaway Annual Shareholder Meeting.