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Buffett says 'business is good' in upbeat address to Berkshire investors

US capitalism has withstood pandemic 'unbelievably well,' CEO tells shareholders

Berkshire Hathaway Chairman and CEO Warren Buffett, left, and Vice Chairman Charlie Munger speak at the company's annual meeting, held virtually for a second year, on May 1. (Yahoo Finance via Reuters)

NEW YORK (Financial Times) -- Warren Buffett opened Berkshire Hathaway's annual meeting on Saturday with an upbeat assessment of the U.S. recovery from the pandemic, saying business was "very good" in parts of the economy.

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