Warren Buffett did not mention Donald Trump by name, but his message to the annual meeting of shareholders of Berkshire Hathaway was undoubtedly. Gifying prices on business partners, he said, is a strategic misstep that alienates allies and arouses world resentment. “Trade should not be a weapon,” warned Buffett, while aiming at the radical prices of the White House that rocked the markets and stretched international relations.
“This is a big mistake, in my opinion, when you have seven billion people and a half that does not love you very well, and that you have 300 million that make you sing in a way – I don’t think it’s just, and I don’t think it’s wise,” said Buffett, offering his brighter approach for the approach of the administration’s business war.
The criticism followed the surprise deployment of the White House of steep prices – the highest generation – sending shock waves through the world markets. While President Trump then announced a 90 -day break for most countries, China remained an exception, deepening tensions.
“I think the more the rest of the world becomes prosperous, it will not be at our expense,” added Buffett. “The more prosperous we will become, the more we will feel safe, and your children will one day feel.”
Asked directly about Trump’s protectionist position, Buffett did not start: “We should do what we do best and they should do what they do best. We want a prosperous world. In a country with nuclear weapons, and some of them unstable, I do not think that it is an excellent idea for some countries to say ‘we win’ ‘and others that felt us. “
In the investment, Buffett reiterated his conviction that active investment is intrinsically opportunistic and not adapted to the passive investor. He recognized the persistent unpredictability of the market landscape.
Turning to real estate, Buffett did not mock the words: it is more difficult than actions. “When real estate is trouble,” he said, “you treat with more than a few people.” He sees greater potential in actions, although he recognized the emotional value linked to real estate investments.
While the markets digest geopolitical uncertainty, the voice of Buffett – now 94 years old – remains a compass for investors. His latest lawyer came while the report of the first quarter of Berkshire Hathaway reported a “considerable uncertainty” of geopolitical prices and events, adding that the conglomerate could not yet predict their impact.
