US News Warren Buffett and the US election: This is how the multi-billionaire positions himself

04:25  25 october  2020
04:25  25 october  2020 Source:   finanzen.net

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Warren Edward Buffett (/ˈbʌfɪt/; born August 30, 1930) is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway.

Warren Buffett turned 89 on Friday. The Berkshire Hathaway chairman and CEO has been thinking like a Not a year goes by that people, including Buffett himself , don't comment on how much harder it is for Analysis of the traits of billionaires and the effort to uncover their secret to success tend to go

The US investor and largest shareholder in the investment holding company Berkshire Hathaway Warren Buffett rarely speaks out on political issues. However, he has now spoken to the Democratic US presidential candidate Joe Biden about the future of America.

DANIEL ROLAND/AFP/Getty Images © Provided by Finance.net DANIEL ROLAND / AFP / Getty Images

• US billionaire is not a fan of Donald Trump

• Berkshire has benefited from corporate tax reform

• Buffett calls himself a swap voter

US multi-billionaire Warren Buffett is not just known for making his political opinion known to the public. However, before Joe Biden was officially elected the top candidate by the Democratic Party, Buffett said in a CNBC interview that he would support US billionaire Mike Bloomberg. The former New York mayor retired from the race for the top candidate nomination in March, after the so-called Super Tuesday. Thus, around a billion US dollars that Bloomberg had spent on its campaign up to that day also went up in smoke.

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Warren Buffett says this is 'the ultimate test of how you have lived your life'—and Warren Buffett is one of the richest people in the world, but money isn't a factor when it comes to measuring In 2017, when Buffett and Microsoft co-founder Bill Gates shared the stage for a talk at Columbia University

Warren Buffett is anything but average: The legendary investor has an approximate net worth of A key to Buffett 's extraordinary success, though, is a refreshingly simple habit and "something anyone "He's sitting there all by himself in his office, reading these things that everybody else can read, but

Does Buffett support Biden instead of Bloomberg?

After Bloomberg's elimination, many experts are now speculating about Warren Buffett's new favorite. However, since Buffett had repeatedly complained very critically about the protectionist measures and plans of US President Donald Trump in the past, it is very likely that he will now remain loyal to the democratic camp despite the defeat of Bloomberg.

Buffett has often criticized Trump's displeasure with the economic success of various countries such as China in the past. "There are many other countries in the world that have a bright future ahead of them. We should be happy about that: Americans would be both wealthier and safer if all countries flourished," Buffett said in a letter to his shareholders.

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Becoming Warren Buffett / HBO Buffett says you need to develop good communication skills if you want to lead. Buffett 's first key to prosperity has little While this is sage advice for financial planners, it's good for helping anyone develop leadership skills and the ability to think in stressful situations.

We know Buffett does a tremendous amount of qualitative research before he initiates a position . Buffett himself has even admitted that he overpaid for the company. This is more than 7x the average found among S&P listed dividend payers.Liam Burke, of B. Riley FBR, counts himself as a fan.

Warren Buffett is also said to have very close contact with Barack Obama. The former US president even presented the US billionaire with the Medal of Freedom in his first term in office.

Warren Buffett is not a pure Democrat

Despite his personal connection to the former Democratic US President Barack Obama, Warren Buffett does not describe himself as a pure Democrat. In a CNBC interview, the major investor explicitly pointed out that he had voted for both Democratic and Republican candidates in the past.

Accordingly, according to a non-partisan institute, no donations from Buffett for the Biden campaign should have been made available in this election cycle. Nevertheless, it is known that the US billionaire supports the campaign of the Democratic Congressional Campaign Committee and the Democratic Senate candidate Mark Kelly financially in Arizona.

Biden relies on collaboration with Buffett

Despite the fact that Warren Buffett has never spoken out in favor of Democratic presidential candidate Joe Biden, the latter boasts of a phone call with the oracle of Omaha.

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That ’s how billionaire optometrist Herbert Wertheim, “the greatest investor you’ve never heard of,” explains his steady climb to massive wealth, according to a Forbes interview earlier He sounds a lot like Berkshire Hathaway’s BRK.A, +0.62% Warren Buffett when he gets to talking about his approach.

Throughout 2019 some of those self -made billionaires shared lessons on life and how they found success. Here are five that stood out. "Well, I've said many times that if you get to be 65 or 70 and later and the people that you want to have love you actually do love you, you're a success," Buffett

On the sidelines of a virtual fundraiser, Biden announced that he had spoken to Buffett on the phone, according to a press report.

"I was just on the phone with Warren Buffett and I was talking about how ... unlike 50, 70, 80 years ago we are able to run the whole damn world in a way that no one else can. [...] The future America has no limits. The only thing that will tear America apart is America itself, "said the Democratic presidential candidate during the virtual fundraiser.

Berkshire Hathaway could and can also benefit under Trump

Although the US billionaire Warren Buffett described the day on which the US citizens elected Donald Trump as a black day for America, hardly anyone benefited from Trump's election victory on November 8, 2016. The shares of the investment holding company Berkshire Hathaway have seen phenomenal development since that day.

While the share certificates were still trading at a price of less than 250,000 US dollars at the end of 2016, they are now quoted far more than a quarter higher at a price of over 315,000 US dollars. Berkshire benefited above all from the corporate tax reform implemented by Donald Trump.

Berkshire Hathaway shareholders in particular can look forward to the US presidential election very calmly: The past four years have shown that the profits of companies like Apple , Bank of America , Coca-Cola , American Express and Kraft Heinz , the top positions in the Berkshire portfolio, won't even let a president named Donald Trump slow them down.

Pierre Bonnet / finanzen.net

In the United States, these longtime Republicans who will vote for Biden .
These voters, attached to the conservative values ​​of the “Grand Old Party”, say they are disappointed by the personality of President Trump. Hyla Winters gets a little carried away when she talks about Donald Trump. Not out of enthusiasm, but because this retiree from Nevada searches for the right word to express how badly she feels about the American president: "Incompetent, inexperienced, unable to take responsibility.

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