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Warren Buffett on US Dollar: Warren Buffet, the world’s legendary investor and Berkshire Hathaway CEO, has announced his retirement. In the company’s annual share holding meeting on Saturday i.e. 3 May, he announced that he would suggest to the board that by the end of this year, he should make Greg Abable the new CEO of this company.
Along with this, 94 -year -old Buffet has expressed huge concerns about the US dollar. As a CEO, during the company’s 60 annual meeting in Omaha, he expressed concern about the long -term stability of the US fiscal policy, the risks of protectionism and the future of the US dollar. However, not predicting immediate collapse, he suggested that Berkshire Hathaway, such as a large investment in Europe, may transfer some of its finance system to foreign currencies.
Dollar will be bad
Buffet expressed his anger over aggressive trade policies citing tariffs on Chinese goods. He emphasized that “business should not be a weapon” and considered such policies potentially harmful. He also indicated issues such as America’s increasing deficit and bureaucracy disability.
Buffet warned against American ego on the global stage. At the same time, he emphasized the importance of global prosperity and warned that in the world -equipped world, working with great pride for countries or creating jealousy among other countries is dangerous.
Big advice to America
Buffet’s comment has come at a time when concerns are being expressed on the threat to the long -term American fiscal policy and the threat to protectionism. However, while predicting the US dollar immediate collapse, it indicated that a situation could arise when there will be a large amount of investment in Europe. Berkshire can shift its financial to the forens. He said that if we have made a big investment in European countries, then it can happen that we do a lot of our work in their own currency.
However, despite his concerns, Buffet remained optimistic about American trade and long -term investment. He repeated his objections about real estate and repeated shares as the best long -term property class.
