Every year in May, tens of thousands of investors throng to the US city of Omaha, Nebraska to hear well-renowned investor Warren Buffett and his partner, Charlie Munger, speak investing during the Berkshire Hathaway annual general meeting (AGM). This year, the meeting was held just like every other year. However, instead of talking to over 40,000 shareholders with Munger flanking him, Buffett had to make do with a virtual AGM, with an equally-sharp Greg Abel being his deputy. Abel is Berkshire Hathaway’s vice chairman for non-insurance business operations. Even though this year’s meeting was different in terms of the setting, there were still many nuggets of wisdom dished out. Some are worth repeating over and over again, especially during the troubling market and economic conditions brought about by Covid-19. With that, here are some things I learnt from Berkshire Hathaway’s 2020 AGM (italics are used to emphasise key points when...