New York — Warren Buffett's enthusiasm for the future of the US and Berkshire Hathaway has not been dimmed by the coronavirus pandemic, but he bemoans fixed income as an investment, saying that “bonds are not the place to be these days”.

Buffett used his annual letter to investors to assure he and his successors would be careful stewards of their money at Berkshire, where “the passage of time” and “an inner calm” would help serve them well...

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