Good morning, it’s Paul here with Monday’s SCVR. Today’s report is now finished. I’m writing this just past midnight on Sunday evening/Monday morning, because my sleep cycle has gone haywire again, and I know readers like having something to get stuck into first thing. Plus there’s been so much interesting press coverage over the weekend, that it’s good to comment on it before the deluge of morning RNSs start. Berkshire Hathaway AGM This was held on Saturday, as a virtual meeting, rather than physical, due to lockdown. Warren Buffett looking very old now, he’s 90 in August. Charlie Munger didn’t want to travel to the meeting, which is understandable given the Covid risk at his age. I’ve not watched the full report yet, just some summaries online. The key points seem to be; Sold airline stakes, in 4 largest US airlines – saying it was a mistake to have bought them, and the aviation industry has changed due to Covid-19Berkshire now has lots of cash, but can’t find a good home for it – clearly suggesting they find equities over-priced nowAmerica is unstoppable long term – usual message I watch CNBC in the afternoons quite a lot at…
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