Warren Buffett, the CEO of Berkshire Hathaway, said at the annual shareholders meeting held today that the recent declines in the markets that have worried investors are "nothing at all."
Buffett stated that the events of the last 30 to 45 days are really nothing, using the phrase, "What has happened in the last 30, 45 days is really nothing." The billionaire investor reminded that Berkshire Hathaway shares have lost 50% of their value in three separate periods over the last 60 years, emphasizing that there was fundamentally no problem in the company during those times.
Buffett said, "Financially, the things that scare other people do not scare me. For example, if Berkshire shares drop 50% next week, I see it as a great opportunity and I won’t be disturbed at all." Arguing that the recent movements in the American stock markets should not be described as a major movement, Buffett stated, "What we are experiencing now is neither a dramatic bear market nor anything like it." The 94-year-old also added that some periods in the past were much more dramatic than the conditions currently being experienced, and emphasized that investors should be prepared for challenging volatilities that may arise from time to time.
The most significant development of this year's meeting was Buffett's announcement that he would step down as CEO at the end of the year. Buffett stated that he would appoint Greg Abel, saying, "The time has come for Greg to be the CEO of the company."
Published: May 3, 2025 23:17Last Updated: May 3, 2025 23:18
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Warren Buffett: The recent dumps in the stock market are nothing.
Warren Buffett, the CEO of Berkshire Hathaway, said at the annual shareholders meeting held today that the recent declines in the markets that have worried investors are "nothing at all."
Buffett stated that the events of the last 30 to 45 days are really nothing, using the phrase, "What has happened in the last 30, 45 days is really nothing." The billionaire investor reminded that Berkshire Hathaway shares have lost 50% of their value in three separate periods over the last 60 years, emphasizing that there was fundamentally no problem in the company during those times.
Buffett said, "Financially, the things that scare other people do not scare me. For example, if Berkshire shares drop 50% next week, I see it as a great opportunity and I won’t be disturbed at all." Arguing that the recent movements in the American stock markets should not be described as a major movement, Buffett stated, "What we are experiencing now is neither a dramatic bear market nor anything like it." The 94-year-old also added that some periods in the past were much more dramatic than the conditions currently being experienced, and emphasized that investors should be prepared for challenging volatilities that may arise from time to time.
The most significant development of this year's meeting was Buffett's announcement that he would step down as CEO at the end of the year. Buffett stated that he would appoint Greg Abel, saying, "The time has come for Greg to be the CEO of the company."
Published: May 3, 2025 23:17Last Updated: May 3, 2025 23:18