The pair were joined on stage in downtown Omaha by Gregory Abel and Ajit Jain, two Berkshire vice-chairmen, for the company’s much anticipated annual meeting.
Mr Buffett was pressed for his thoughts on the health of the US banking system, which is in the midst of crisis, given the investor’s long tenure and history backstopping the industry. It is a change from previous crises, when Berkshire’s capital helped shore up both Goldman Sachs and Bank of America. The latter is now a core holding in the company’s stock portfolio.