Buffett Urges Calm on Market Volatility, Flags Banking Risks
In his first public remarks since stepping back from his CEO role at Berkshire Hathaway, Warren Buffett struck a characteristically measured yet cautionary tone on the state of markets. While acknowledging lingering fragility within the banking system, the 'Oracle of Omaha' downplayed the significance of the recent market volatility, including swings triggered by geopolitical tensions, calling the dip 'nothing.' Contrary to the prevailing 'extreme fear' on Wall Street, Buffett revealed that Berkshire is actively shopping for deals, emphasizing his firm's long-term horizon by stating, 'We aren't in it to make 5% or 6%.' He confirmed he is still making investment calls for the conglomerate and flagged a 'tiny' new purchase, though specifics were not disclosed. Reflecting on past decisions, Buffett expressed some regret over his portfolio management, specifically noting that he sold Apple stock too soon and would be interested in buying more, though not at current market prices. He reaffirmed his high regard for the tech giant, stating that he believes Apple is 'better than any business we own outright.'
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Warren Buffett strikes measured tone on markets in his first remarks since stepping back
U.S. Markets ... Warren Buffett offered a measured but cautionary read on markets in his first public comments since stepping back from the chief executive role at Berkshire Hathaway , warning of lingering fragility in the banking system while downplaying the significance of recent volatility.
Warren Buffett says he's still making calls on investments at Berkshire, flags 'tiny' new buy
Warren Buffett says he sold Apple too soon and would buy more of it, though not in this market · Epstein files: Buffett says he hasn't talked to Bill Gates 'since the whole thing unveiled · Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news...
CNBC Exclusive: Transcript: Berkshire Hathaway Chairman Warren Buffett Speaks with CNBC’s Becky Quick on “Squawk Box” Today
BUFFETT: Yeah, well, if I didn't like it, I could sell it. Yeah, I can, I think it's a remark -- it's better than any business we own outright. Now, we own a railroad that's worth more money than our Apple position, for example, they're both looked at the same way.
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