Not only Americans, but it seems that all people from various countries are wary about waiting for US Presidential Election result. Because whoever will lead the US this time must be causing chaos. However, this does not happend to the father of stock investment Warren Buffet.
Quoting from Business Insider, Buffett admits he is not too worried about the US presidential election.
“In every election, you’re going to make people feel like the world is coming to an end and (ask) how did this happen,” said billionaire investor and CEO of Berkshire Hathaway.
Buffett believes that no matter what happens, there is always “disagreement”
“Several times in my life, people feel this country is more divided than ever. I have been through periods where people I know and admire think that because another party came to power, then there will never be another election, “explained Buffett.
However, the investor stressed that he lived under the administration of 14 of the 44 US presidents (he refused to count Grover Cleveland twice). And, in his opinion, the US economy is getting more and more prosperous as time goes by.
Warren Buffet notes that there will always be a lot of disagreement, but the American model “really does work.”
It csan be proved by the increasing in GDP per capita over his lifetime. As a result, says Buffett, millions of Americans enjoy a better quality of life than John D. Rockefeller Sr. – the richest man in the world when Buffett was a kid.
The results of the US Presidential Election this time could destabilize the stock market
Ahead of the US presidential election, Wall Street warned that the results of the US presidential election could trigger prolonged stock market turmoil. In fact, much worse than things in 2016.
Business Insider reports that Buffett’s belief in a brighter US future remains unshakable that might help explain why he does not support Biden.
In fact, he did fundraising for Barack Obama, campaigned for Hillary Clinton, and attacked Trump in the past.
Warren Buffet is unwavering in his belief that US will be okay with whoever becomes the next president.This great investor has reasons not to support Biden because it could lead to the risk of a future boycott of Berkshire’s business.