Lost in the commotion after the election was an interview of Warren Buffett (Trades, Portfolio) sharing his thoughts about the outcome. I was not aware of it. In the video posted below, interviewer, Poppy Harlow, asks questions covering President Elect Trump’s proposals during the campaign, why Buffett supported Hillary Clinton, the stock market, and President Obama’s legacy. It’s clear Buffett tries to be as non-controversial as possible as he deflects questions intended to make him voice any fears about a Trump presidency. As hard as Buffett tries to deflect concerns about Trump’s temperament, he still admits that rogue nations like North Korea concern him.
When asked about the stock market, Buffett gives his standard answer that the stock market will be higher irrespective of who’s in the White House. When asked if a Trump presidency will change the way he does business, it seems like Buffett is in the same boat as everyone else. He expects the campaign rhetoric to differ drastically from the post-election proposals but he doesn’t know what the final proposals will actually look like. Buffett adds that he was buying certain stocks prior to the election with the expectation that Clinton would win. He continued adding to the same positions after the Trump victory. Continue Reading »