At a weekend investors meeting, the Oracle of Omaha, Warren Buffett of Berkshire Hathaway, brushed aside growing fears of a coming economic disaster and offered a calm view of the world, the dollar and even Elon Musk.
That’s not to say that Buffett doesn’t see some turbulence ahead. He said commercial real estate could struggle with higher borrowing rates and banks could face more pressure but noted that deposits were safe. As for the economy, Buffett noted that his businesses will see lower year-over-year earnings as economic activity slows down.
The legendary investor sounded more optimistic about the prospects of value investing, however.Click to read full article Go back home