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Trump Gets Trumped by Buffett’s Business Sense

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While Trump may be leading in the polls, Warren Buffett certainly isn’t singing the republican presidential candidate’s praises. In fact the billionaire investor had some choice words for the ill-favoured politician and his views on the US economic future. Buffett put all of his condemnations into his annual letter to Berkshire Hathaway shareholders to create as big a noise as possible, and what a noise it was.

Voting Democrat for Democracy

It’s no secret that Warren Buffett is not a fan of the Republican Party. He is the one funding Hillary Clinton, democratic candidate for the presidency, in her campaign for the White House seat. While Trump has made repeated disclaimers about the future of the American economic state, Buffett has vastly different, and more optimistic, opinions to share.

“The babies being born in America today are the luckiest crop in history.” This is according to Mr. Buffett, who has always believed that putting a wager against the US was a bad bet for any type of punter. And the Berkshire conglomerate certainly has plenty of evidence to support these claims. Berkshire profits were up in 2015, clocking in at $24.08bn. That is a 21% increase from the previous year, and there was even a 5% operating rise, hitting $17.36bn, a new record high. Fourth quarter numbers were even more impressive.

Berkshire’s CEO Will Crown 100

The Berkshire conglomerate is made up of ninety individual businesses across the sectors of real estate, energy, insurance, apparel, railroads, and food. At 85, the leader of this giant corporation is worth roughly $62.1bn, and he isn’t planning on stopping anytime soon. As an aside Buffett mentioned that he is likely to live to see his 100th birthday and to be announcing on that day the success of Geico (Berkshire’s auto insurance policyholder) as the leader in US auto insurance. So anyone hoping to capitalise on his ambitious plans had best look elsewhere – at least in the short-term.

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