During the Berkshire Annual Meeting, 2024, the Chairman of Berkshire Hathaway and CEO Warren Buffett recently addressed the topics of the stock market, the US dollar, the economy, and Inflation.
He also talked about the Indian stock market and remarked that India has “unexplored” opportunities that the Berkshire company would love to explore in the future.
The billionaire earlier said “I am sure there are loads of opportunities in countries like India. The question, however, is whether we have any advantage or insights into those businesses in India, or any contacts that will make possible transactions that Berkshire would like to participate in. That is something a more energetic management at Berkshire could pursue.”
However, Warren Buffett recently expressed worries about US fiscal deficit which is more than the quantity of national debt.
He said “It won’t be the quantity of the national debt. There isn’t any alternative to the dollar as a reserve currency. Jerome Powell is not only a great human being but a very wise man. But he doesn’t control fiscal policy. Every now and then, he sends out a disguised plea, saying please pay attention to this.”
Later the investor also shared tips with regard to investment and how it can be done properly.
Warren Buffett opined that there are some core tenets of Investment that everyone should take a note of. Like the importance of avoiding mistakes and avoiding what is too hard to understand.
Emphasizing on it, he said “Sometimes, we’ve done things that were big mistakes. But we never get close to fatal mistakes. And every now and then we did something that really works. This does show what can be done — really, without any miracles — if you save money over time. We missed a lot of things, and what we really regretted was missing something that turned out to be very big; we never worried about something that we didn’t understand.”