5 takeaways for Indian investors from Warren Buffett's Berkshire AGM

Berkshire Hathaway CEO Warren Buffett did not host the Annual General Meeting of Berkshire Hathaway this year in Omaha due to coronavirus-led travel ban, but he virtually welcomed the shareholders and investors world over to what he calls the Woodstock for Capitalists. The Oracle of Omaha shared his views on economy and stock market, especially the impact of coronavirus crisis. He also threw light on the US' 243-year-long history. In his four-hour long address to investors in black and white plain slides, he not only reiterated some basic principles of investing but also updates on his investments. Here is a compilation of five lessons from Buffett that are relevant to Indian investors:

In an age of 'Buy Now and Pay Later' where easy money is available on tap of your phone, Buffett doesn't want you to use credit cards. "People should avoid using credit cards as a piggy bank to raid. It just doesn't make sense. You can't go through life borrowing money at those rates and be better off."

He has consistently advised against investing on borrowed money too. "You never want to use borrowed money to buy into investments, and we run Berkshire that way. There's no reason to use borrowed money to participate in the American tailwind. But there's every other reason to participate,'' he said.

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