A hat with Warren Buffett’s likeness sold by Justin’s Boots at Berkshire Hathaway’s annual meeting. (Source: Sam Ro)

By Sam Ro 

OMAHA, Neb. — Warren Buffett, CEO of Berkshire Hathaway, remains bullish on the long run. At the same time, he acknowledges that people will continue to be distracted by short-term market moves, which will continue to be unpredictable.

"The long-term trend is up," Buffett said at Berkshire’s annual shareholders meeting on Saturday.

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