For Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) shareholders and fans of Warren Buffett, the previous weekend was the most-anticipated event of the year. On Saturday, May 2, Buffett held his company's annual shareholder meeting (albeit virtually) and provided the usual dose of long-term wisdom that investors look for. His "never bet against America" thesis was especially needed with the coronavirus disease 2019 (COVID-19) leading to a record level of labor market and economic disruption.
But what if I told you the Berkshire Hathaway shareholder meeting wasn't the most important event of the month for Warren Buffett?
Berkshire Hathaway CEO Warren Buffett at his company's annual shareholder meeting. Image source: The Motley Fool.