Buffett: We will always be prepared for the thousand-year flood

Anna Fedorova
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In his 50th annual letter to the shareholders of Berkshire Hathaway, Warren Buffett assured investors the company is well positioned to weather upcoming market storms.

Looking back at the financial crisis of 2008-2009, he said even then Berkshire was able to play the important role of "first responder", and its strength has markedly improved since. "I believe the...

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