Buffett upbeat on U.S. and Berkshire, buys back stock even as pandemic hits results

By Jonathan Stempel (Reuters) – Not even the coronavirus pandemic could dampen Warren Buffett’s enthusiasm for the future of America and his company Berkshire Hathaway Inc. Buffett used his annual letter to investors to assure he and his successors would be careful stewards of their money, where “the passage of time, an inner calm, ample diversification and a minimization of transactions and fees” would serve them well. He also retained his trademark optimism for Berkshire, buying back a record $24.7 billion of its stock in 2020 in a sign he considers it undervalued, and the economy’s capacity…

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HEDGE accordingly