“The decision to keep every share is an economic decision because I think the prospects of Berkshire will be better under Greg's management than mine.” Thousands of investors in the Omaha arena gave Buffett a prolonged standing ovation after his announcement in recognition of his 60 years leading the company. Buffett earlier warned that Trump's tariffs were harmful Earlier, Buffett warned Saturday about the dire global consequences of President Donald Trump's tariffs while telling the thousands of investors gathered at his annual meeting that “trade should not be a weapon” but "there's no question that trade can be an act of war.” Buffett said Trump's trade policies have raised the risk of global instability by angering the rest of the world. Market turmoil doesn't create big opportunities Buffett said he just doesn't see many attractively priced investments that he understands these days, so Berkshire is sitting on USD 347.7 billion in cash, but he predicted that one day Berkshire will be “bombarded with opportunities that we will be glad we have the cash for.” Buffett said the recent turmoil in the markets that generated headlines after Trump's tariff announcement last month “is really nothing.” He dismissed the recent drop in the market because he's seen three periods in the last 60 years of managing Berkshire when his company's stock was halved.
Author: AP- PTI
Published at: 2025-05-03 22:43:36
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