• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Warren Buffett Shares Views On Tariffs, AI, Dollar Depreciation, And Berkshire Hathaway’s Cash Reserves At Annual Meeting

OMMCOM NEWS by OMMCOM NEWS
May 4, 2025
in Business

New Delhi: Renowned investor Warren Buffett, at Berkshire Hathaway’s annual meeting where he announced he would be stepping down at the end of the year, shared his opinion on a wide range of important topics, including tariffs, artificial intelligence (AI), currency depreciation, the company’s vast cash reserves, and investments in real estate.

The 94-year-old investing legend criticised tariffs, calling them a “big mistake” and warned that trade should never be used as a weapon.

Buffett emphasised the importance of global trade, stating that the United States has risen from humble beginnings to become the world’s most significant country.

He pointed out that America should focus on trading with the rest of the world, excelling in areas where it is best, while other nations should do the same in their respective strengths.

Buffett also addressed the issue of currency depreciation, describing it as a natural tendency of governments to gradually devalue currency over time.

He called it a “scary” phenomenon and admitted that the US dollar is expected to weaken against foreign currencies in 2025.

However, he made it clear that Berkshire Hathaway is not taking any specific steps to mitigate the impact of currency depreciation on its income.

“We don’t do anything about the impact of currency devaluation on quarterly and annual earnings,” Buffett remarked.

He added that he could not recall any board meeting where he suggested any action to address this issue.

Buffett further emphasised that Berkshire Hathaway avoids focusing on short-term metrics, as the company does not consider them in its decision-making process.

Turning to the company’s large cash reserves, which exceed $300 billion, Buffett defended Berkshire’s cautious approach.

He reassured stakeholders that the company remains optimistic about the future. “We don’t just emphasise capital investment to show that we are doing something,” he said.

He mentioned that Berkshire was recently close to making a $10 billion investment, and when the right opportunity arises, the company would not hesitate to spend “100 billion dollars”.

Asked about AI, Buffett passed the question to Ajit Jain, Vice Chairman of Berkshire Hathaway’s Insurance Operations.

Jain acknowledged that AI is a game-changer, particularly in transforming how the company assesses and prices risks, as well as how it handles claims.

However, Jain also stated that Berkshire Hathaway has never been a leader in emerging technologies and, so far, has not found any compelling opportunities in AI to pursue.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

TN BJP Accuses DMK Government Of Corruption In PMAY, Jal Jeevan Mission

Next Post

Using Surplus Puri Temple Wood To Carve Deities At Digha Against Ethics, Morality: Suvendu Adhikari

Related Posts

SEBI.
Business

SEBI Introduces New Rules For Equity F&O Segment To Boost Transparency, Stability

May 29, 2025
Business

India Must Build AI Models To Solve World Challenges: Amitabh Kant

May 29, 2025
Business

Trust, Deregulation Key To Achieve Long-Term Economic Prosperity: Chief Economic Advisor

May 29, 2025
Business

Adani Electricity’s 1st Digital 220 KV Substation To Power BKC, Surrounding Mumbai Areas

May 29, 2025
Business

Electronics Manufacturing, Chips And GCC Growth Steps In Right Direction: Sunil Mittal

May 29, 2025
Business

Indian Stock Market Ends In Green Over Positive Global Cues

May 29, 2025
Next Post
Suvendu Adhikari

Using Surplus Puri Temple Wood To Carve Deities At Digha Against Ethics, Morality: Suvendu Adhikari

Gurugram Boy Anarghya Abhishek Strikes Gold In Budokan International Karate C'ship In Dubai

Warren Buffett’s Wisdom Has Inspired Countless People, Myself Included: Tim Cook

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.