Billionaire Warren Buffett on Saturday expressed optimism that the U.S. economy will be able to recover from the turmoil caused by the coronavirus pandemic.
“Nothing can basically stop America,” Buffett, chairman and CEO of Berkshire Hathaway, said at the company’s virtual shareholder meeting. “The American miracle, the American magic has always prevailed and it will do so again.”
He added: “In World War II, I was convinced of this,” he said. “I was convinced of this during the Cuban Missile Crisis, 9/11, the financial crisis.”
Although some states are beginning to reopen parts of the economy, many of the country’s industries and small businesses are still in dire straits.
Read more at The Hill.