Berkshire Letter2021-02-0018 min read
The Pandemic Year - 2020
Written during the COVID-19 pandemic. Buffett acknowledged the human tragedy while remaining optimistic about America's long-term economic resilience. He made a historic pivot: selling airline stocks, and writing off most of the Precision Castparts acquisition.
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Key Quotes
“The pandemic has been devastating for the world and for Berkshire.”
“Never bet against America - that bet has worked magnificently over the past 244 years.”
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