Warren Buffett discussed several issues during Berkshire Hathaway's Annual Meeting

This Weekend, Berkshire Hathaway led by Warren Buffet held its yearly shareholder meeting in person. This was the first annual shareholder meeting in person of Warren Buffet’s firm in the past two years. In the last couple of years, Warren Buffett, one of the most well-renowned investors around the globe, has struggled to find deals. Stocks rose to record highs, private equity firms and special-purpose acquisition companies (SPACs)  increased the price of acquisitions, and the increasing share price of Berkshire made the shares less appealing to repurchase.

Meanwhile, Warren Buffet-led company increased its buying this year. It infused about $7 billion into Occidental Petroleum stock in 11 days, bought $4 billion of HP shares, and inked a deal to buy Alleghany for $11.6 billion in a span of two weeks. Prior to the annual meeting held on Saturday, Berkshire Hathaway reported its earnings for the first quarter. It informed that it invested a net $41 billion into stocks, reducing its cash pile by 28% to $106 billion. Other than this, Berkshire also reduced the rate of share repurchases to $3.2 billion.