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Warren Buffett appears during the annual meeting of Berkshire Shadow Share in Amakh, Nebraska, May 3, 2025.
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Omaha, heaven. . Berkshire Hethai Director -General Warren Buffett shocked shareholders during the annual conglomerate collection on Saturday, announcing his intention to leave. A few hours before, the billionaire touched upon a wide range of topics for business and political spheres.
Here are some biggest trips from the 4.5-hour session of questions and Buffett:
1. His plans to leave the post
Buffett’s ads Leave the main executive role will come to determine the meeting. Buffett suggested changing the change of Greg Obel, the deputy chairman for insurance operations, which accepted the questions together with Oracle Omarah.
Buffett plans to officially announce his plans to the Council on Sunday. From there he said the advice could decide the best way and make the necessary arrangements. The intention of Buffett-to see since the end of the year.
Oracle of Omaha stated that he had previously reported his two children who were also in the board, Havia and Susi. He added that other members of the Council do not know that the announcement was coming.
“I think the time has come when Greg should become the main executive director of the company at the end of the year,” Buffett said.
Buffett said he would “hang” to help the company and not sell stocks.
2. He doesn’t like tariffs
Beaffer confirmed problems About tariffs and offered their most direct comments on this topic. His latest statements come against the backdrop of increasing concern that President Donald Trump’s plans for steady beatings can translate the economy into recession.
“The trade should not be a weapon,” Buffett said. “I think that the more flowering the rest of the world, it will not be at our expense, the more flowering we will become, and the more safest we will feel, and your children will feel if they are.”
He added that trade and tariffs “may be an act of war.” Buffett also said the US should look for trade with other countries and allow them to “do what they are best”.
Buffett did not mention Trump named after the influence of these trading plans.
3. He believes the recent market turbulence is a flash
Beaffer was not released According to recent market instability as a result of the announcement of these tariffs, he said that despite the causes of concern about the potential economic impact of the US tariffs.
“What happened in the last 30, 45 days … Actually nothing,” he said.
Buffett said he would not characterize the recent market turbulence as “huge” steps. A S&P 500 On Friday, two decades after the slide, which sent it to the bear market territory, for two decades came to a bear market area, which changes almost 20% of the recent maximum on the basis of the aircraft.
In particular, Berkshire’s chief stated that he would see how the conglomerate shares would collapse by 50% as a “fantastic opportunity”.
“It doesn’t bother me at least,” he said.
4. He believes in the exceptionalism of America
While Trump’s tariffs are questioned by the US leadership at the world economic stage, Buffett is still expected that the country will lead the way.
“We survived great recesses.” If I was born today, I would just continue to negotiate in the womb until they said you could be in the US. “
Buffett, whose father was a US congressman, called the day when he was born in the US “the happiest day of my life.”
5. He believes that deficit is a problem
Asked about the initiative of Trump’s government efficiency, which is commonly referred to as “Dogel”, Buffett said he had found a growing shortage of the country.
“We are working with a financial shortage now that it is impossible for a very long period of time. We don’t know if it has been two years or 20 years because it has never been a country like the US, but this is something that cannot continue forever,” Buffet said.
Buffett did not discuss Dage specifically, but said he sees the value in reducing state costs to a sustainable level.
“It’s a job I don’t want, but it’s a job I think,” he said. “Congress does not seem to do it.”
6. Berkshire almost spent $ 10 billion with a record cash position
Buffett revealed that he almost – but ultimately not – $ 10 billion with record cash for work.
“We approached $ 10 billion, for example, not too long ago, but we would have spent $ 100 billion,” he said. “I mean that these decisions are not difficult to make when something is offered, what makes sense for us, and that we understand and offer good value.”
His comments come when investors wonder what the next Berkshire game will be. The company was sitting on Over 330 billion in cash By the end of the first quarter.
Click here For all the main points compiled by CNBC journalists in Amakh and Englwood, New Jersey.
