The beginning of May sees Berkshire Hathaway shareholders make their annual pilgrimage to Omaha, Nebraska, to hear the latest thoughts from probably the most famous investor in the world - Warren Buffett.
Now in its 51st year, there was a lot to talk about in 2016. While Buffett was happy to bash hedge funds (again) and urge investors to ditch fund of funds managers in favour of passive investments or ETFs (again), what investors really wanted to know is Buffett's views on the big political events of the year - namely the US election and the UK's referendum on European Union membership. Although coy when answering political questions, the Sage of Omaha emphasised Berkshire's holdings will perform regardless of the outcomes of both these events. Buffett tops up 'excellent' US blue chips...
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