‘Berkshire Hathaway released first quarter 2021 earnings at its annual meeting on Saturday.
Q1 Operating Earnings came in at $7.02B, up $1.15B YoY.
Warren Buffett and Charlie Munger spoke to shareholders for ~5 hours following the release.
Buffett beautifully passed when Bitcoin came up but Charlie Munger had his own words,
“Of course I hate the bitcoin success. I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.
I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” said Munger, a legendary investor in his own right.’