Warren Buffett: I was wrong on interest rates

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(Fortune) The world’s most admired billionaire faced tough questions at Berkshire Hathaway’s annual meeting.

Warren Buffett, the world’s most admired billionaire, faced a lot of criticism on his home turf at this year’s annual meeting of Berkshire Hathaway BRK.A 1.12% . Some of it was self-inflicted.

Buffett said that he wouldn’t have predicted that interest rates could have stayed this low for this long without a problem. “So far, I have been wrong on interest rates,” said Buffett. “It is so hard for me to believe that you can drop money from a helicopter and not have inflation, but we haven’t.”

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