Highlights from Berkshire Hathaway’s annual meeting

New accounting rules led to a loss for Berkshire Hathaway but Buffett focused on operating profits and the annual meeting in Omaha.

He also touched on geopolitics.

“The United States and China are going to be the two superpowers of
the world, economically and in other ways, for a long, long, long time,”
Buffett said, and that any tensions should not jeopardize the win-win
benefits from trade.

“It is just too big and too obvious … that
the benefits are huge and the world is dependent on it in a major way
for its progress, that two intelligent countries (would) do something
extremely foolish,” he said. “We both may do things that are mildly
foolish from time to time.”

Buffett also weighed in on Apple, Tesla and forecast a “bad ending” for cryptocurrencies. More at Reuters.

Here are three lessons from Warren Buffett for forex traders.

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