Warren Buffett says Berkshire professionals were astonished by economic slowdown, earnings to decline

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“In the general economic system, the comments we get is that, I would say, possibly the vast majority of our businesses will in fact report decrease earnings this 12 months than past 12 months,” Buffett claimed Saturday.
The 92-calendar year-old investing icon thinks that some of his administrators at Berkshire subsidiaries had been caught off guard by the swift modify in purchaser conduct, as they put the Covid-19 pandemic driving them.

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