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Warren Buffett confronts the US-China rivalry

Image courtesy of REUTERS/Scott Morgan, Berkshire Hathaway Chairman Warren Buffett (left) and Vice Chairman Charlie Munger are seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019.

Berkshire Hathaway Inc.’s annual shareholder meeting, which is often called “Woodstock for capitalists,” is an occasion for tens of thousands of the company’s shareholders to descend upon Omaha, Nebraska, to hear famed investor Warren Buffett and his longtime business partner, Charlie Munger, offer their assessments of the company’s recent performance and of broader trends in the economy and politics. This year’s meeting, which convened on May 6, came at a time when aspects of Berkshire’s recent investment strategy have run headlong into a geopolitical storm arising from the intensifying US-China rivalry.