Buffett: Berkshire Hathaway Will Continue To Grow Regardless of Who Wins Presidency
Earlier today, during the much-followed Berkshire Hathaway annual meeting, Warren Buffett and Charlie Munger were asked by journalist Andrew Ross Sorkin about Donald Trump and if a Trump presidency would pose a threat to the Berkshire Hathaway business.
Munger, who is quite outspoken, gave the question a pass, stating that he was "afraid to get into this area". Buffett, on the other hand, attempted to answer the question.
In answering Sorkin's question, Buffett predicted that Berkshire Hathaway would continue to do "just fine" regardless of who wins in November. Some have predicted that Trump's "America First" policies could result in trade wars and a possible deep recession for the country, though Buffett doesn't seem to be too concerned.
Buffett pointed out that his company has already persevered through much higher federal taxes, price controls and various new regulations in the past. A new President, Buffett inferred, wouldn't institute any new policy that Berkshire Hathaway wouldn't be able to successfully navigate past.
In the past, Buffett has frequently espoused the power of the United States' free market economy.
Regardless of who wins in November, Buffett believes that the United States' economy will keep growing and that the country remains the best place in the world to operate a business. For that reason, Buffett has said, Berkshire Hathaway should continue to prosper and grow, regardless of whether Donald Trump or Hillary Clinton occupies the White House in 2017 and beyond.
Photo: Fortune Live Media
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