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Why Wall Street is staying super bullish on Amazon stock despite crash

Reuters

Buffett defends investments and cash stake, targets Wall Street at Berkshire meeting

OMAHA, Neb. (Reuters) -Warren Buffett on Saturday railed against Wall Street excess, and after spending tens of billions on stocks and companies in March extolled the virtue of keeping lots of cash, as he hosted Berkshire Hathaway Inc’s first in-person annual meeting since 2019. Buffett, 91, who is Berkshire’s chairman and chief executive, and Vice Chairman Charlie Munger, 98, fielded questions in a downtown arena in Omaha, Nebraska. Vice Chairmen Greg Abel, Buffett’s designated successor as CEO, and Ajit Jain also joined them.

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