Warren Buffett: Trump Won’t Derail The Economy; Plans Eenewable Energy Investments – Forbes Interview

Warren Buffett: Trump Won’t Derail The Economy; Plans Eenewable Energy Investments – Forbes Interview
Image source: Video Screenshot

In an interview with Fortune, Warren Buffett talks about the election, wind energy, and Jeff Bezos.

Warren Buffett has a message for his fellow former Hillary Clinton supporters: Don’t worry too much.


David Einhorn At The 2021 Sohn Investment Conference: Buy These Copper Plays

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasThere's a gold rush coming as electric vehicle manufacturers fight for market share, proclaimed David Einhorn at this year's 2021 Sohn Investment Conference. Check out our coverage of the 2021 Sohn Investment Conference here. Q1 2021 hedge fund letters, conferences and more SORRY! This content is exclusively for paying members. SIGN UP HERE If you Read More

Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

In only his second interview since Donald Trump won the American presidential election, Buffett, the chairman of insurance conglomerate Berkshire Hathaway BRK.A 0.04% and the world’s most famous investor, told Fortune that he thinks the President-elect won’t derail the U.S. economy or the stock market.

Buffett was a vocal supporter of Clinton, holding more than a dozen fundraisers for her, and even hiring a trolley in his hometown of Omaha on election day to get people out to vote.

Warren Buffett

Nonetheless, Buffett says the U.S. will be wealthier after Trump’s presidency. What’s more, the Oracle of Omaha says the outcome of the election hasn’t made him pessimistic about the U.S. stock market. He’s still buying the same stocks he was before Nov. 8.

On top of that, Buffett says his company, which has already spent $15 billion in the past decade on building wind farms, is likely to continue to pour billions more into developing the renewable energy technology. That’s despite the fact that Trump, who has called global warming a hoax, has indicated that he would like to roll back wind energy generation tax credits.

The President-elect recently told The New York Times that he is not for subsidizing wind farms. “I mean, for the most part they don’t work. I don’t think they work at all without subsidy, and that bothers me, and they kill all the birds,” Trump said.

Buffett says his company’s investment has been good for both his company and its investors and customers, as well as for society as a whole.

By Stephen Gandel, Fortune - read the full article here.

No posts to display