In His Final Annual Meeting as Berkshire Hathaway's CEO, Warren Buffett Once Again Repudiated President Donald Trump's Tariffs

Warren Buffett surprised Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) shareholders earlier this month at the annual shareholders meeting when he announced that he would be ending a 60-year reign as the company's president and CEO at the end of 2025. Greg Abel will take over both roles, and Buffett will move to the position of chairman. While the leadership change had been somewhat expected at some point (Buffett is, after all, 94 years old), the May 3 announcement still seemed rather sudden, especially since Berkshire's stock is soundly beating the broader stock market this year. But all runs, even those as epic as Buffett's, come to an end, and the Oracle of Omaha is going out on top.The surprise announcement made this Buffett's last annual meeting as CEO, so investors were paying extra close attention to Buffett's comments on the market and broader global affairs, which he has been somewhat guarded about in recent years. While not mentioning President Donald Trump by name, Buffett did respond to a question regarding the current administration's policies and took the opportunity to repudiate the idea of tariffs and their impact on the economy and the markets.Image source: The Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool