Watch the five best moments from Warren Buffett's Berkshire meeting

Berkshire Hathaway hosted its 2020 annual shareholder meeting as a four-hour livestreamed presentation and Q&A, giving insight into Buffett's investing mindset in the coronavirus era. While Buffett is still a believer in the "American miracle" at heart, the pandemic did lead to some rare moves by the legendary investor. Buffett also explained why he's been sitting on sidelines with a record $137 billion cash pile. Here are the five best moments from Saturday's event.

What a difference a year makes. Sitting on a stage in an empty arena in Omaha, Nebraska, and in the absence of his usual sidekick, Charlie Munger, Warren Buffett kicked off Berkshire Hathaway’s 2020 annual shareholder meeting with a firm message: “Nothing can stop America.”

The “Woodstock for Capitalists,” which has drawn tens of thousands of attendees for years, was hosted virtually for the first time ever. This year, the 89-year-old “Oracle of Omaha” shared the stage with Greg Abel, vice chairman of noninsurance operations at the conglomerate and a top contender as Buffett’s successor.

The four-hour livestreamed presentation and Q&A gave an insight into Buffett’s investing mindset in the coronavirus era. While Buffett is still a believer in the “American miracle” at heart, the pandemic did lead to some rare moves by the legendary investor. Buffett also explained why he’s been sitting on sidelines with a record $137 billion cash pile.

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[cleroyster]

I bought Gold in 2009...watched if race to 1900. dollars...sold it at 1700....and paid off my mortgage. If I had some money..six months ago..I would have bought gold again...and watch it race back to

[TheBitcoinExperience]

Warren gives some great advice on how most people should invest by buying an S&P 500 index fund.

Since 95% of mutual fund managers cannot consistently match, let alone, beat the stock market long-term, but still charge you 1% -2.5% per year in fees, there really isn't a reason why you would listen to these investment "professionals".

[eerockstar]

Dairy Queen.

Problems are solved with Dairy Queen on the table and fire in our hearts.

[JoJo-]

"Never bet against america" this is polite way of saying, Charlie there is not such thing as a Chinese Warrent Buffet, there is only one Warren Buffet

[sundancer]

Even with all of the businesses Buffett he still has a $137 B stockpile? I thought his holding included those businesses. Yes, the rich have indeed gotten richer in the last 30 years. Warren's right!

[rann]

Tried and understand what is he really telling everyone, by watching his podcast again. He said the bottom of 1929 crash doesn't bottom out till 1932. Although, there is a dead cat bounce in 1930. The recent market bounce is a dead cat bounce.

[living]

If you actually listened he said he’s not buying stock due to the over pricing and high PE ratios. Listen to papa buffet or lose your ass

[randomthoughts]

Everyone born between 1900 and 1950 will think America is the best country

[enteradj]

Hope Americans change their habits. It’s costing the planet and other people!