Saturday, February 27, 2016

Warren Buffett defends 3G, touts economy in record year for Berkshire

Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune's Most Powerful Women's Summit in WashingtonWarren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defences of an aggressive private equity partner and a maligned mobile home unit, as his conglomerate recorded robust profits. The world's third-richest person and a revered investor, Buffett also injected himself into the contentious 2016 U.S. presidential campaign, lambasting candidates who talk down the nation's economic future as "dead wrong" - an apparent jab at Republicans and frontrunner Donald Trump. Buffett, who is backing Democratic candidate Hillary Clinton, also raised a political issue dear to Democrats in his widely-read letter by calling climate change a "major problem for the planet," although not one for Berkshire's future.


Read More http://ift.tt/1RvUI9q

No comments:

Post a Comment