At the annual Berkshire Hathaway meeting in Omaha, Warren Buffett shared his opinions on recent stock market fluctuations and the implications of tariff policies.
Recent Stock Market Fluctuations
Warren Buffett stated during the shareholder meeting that the recent fluctuations in the stock market should not cause panic. He emphasized that such changes are not unexpected and urged investors not to succumb to emotions. Buffett remarked, 'What has happened in the last 30, 45 days… is really nothing.'
Critique of Tariff Policy and Protectionism
Buffett also criticized the tariff policies of the Trump administration, arguing that trade should not be weaponized. He stated, 'Trade should not be a weapon. I do think that the more prosperous the rest of the world becomes, the more prosperous we’ll become.' Protectionism could undermine the USA's position as a leading economic power.
Berkshire Hathaway's Prospects
Following Berkshire Hathaway's quarterly earnings report, Buffett indicated that uncertainty due to tariffs and global politics presents challenges for forecasting. He concluded the meeting by noting that the company is accumulating a record cash reserve of $347 billion.
Warren Buffett's address at the Berkshire Hathaway annual meeting reflected his confidence in the market's long-term resilience. He encouraged shareholders to approach economic changes with optimism.
