Buffett Criticizes Tariffs, Plans CEO Transition at 2025 Shareholder Meeting
1min read Warren Buffett, the renowned investor and CEO of berkshire hathaway, addressed a wide range of topics during the 2025 Annual Shareholder Meeting, which featured a question-and-answer session lasting approximately four and a half hours. At 94 years old, Buffett shared his views on trade, fiscal policy, and investment strategies, among other subjects.
Buffett criticized the use of tariffs and protectionism in trade, emphasizing that trade should not be weaponized. He expressed concern over the U.S. fiscal policy, stating that irresponsible government actions could lead to a devaluation of the currency. Buffett highlighted that the U.S. is a model of capitalism and that his luckiest day was being born in the country. He also reiterated his commitment to long-term investments in Japan, stating that Berkshire Hathaway plans to hold onto Japanese trading company stocks for 50 to 60 years, regardless of interest rate changes.
Regarding the U.S. stock market, Buffett downplayed recent volatility, asserting that it was not a significant downturn compared to past market crashes. He hinted at potential investment opportunities in the next five years and mentioned that Berkshire Hathaway recently considered a $100 billion investment. Buffett assured shareholders that the company's cash reserves would not be used for "foolish" endeavors.
Buffett announced his intention to step down as CEO by the end of the year, proposing that Greg Abel, the current head of Berkshire Hathaway's non-insurance businesses, take over the role. He assured shareholders that he would not sell any of his Berkshire Hathaway shares and would gradually donate them instead.
During the meeting, Buffett and Ajit Jain, the head of Berkshire Hathaway's insurance business, discussed the potential impact of artificial intelligence (AI) on the insurance industry. While acknowledging AI's potential to change industry rules and evaluate risk, Jain stated that Berkshire Hathaway would not be an early adopter. Buffett also highlighted the challenges of investing in real estate, noting the complexity and slower pace of transactions compared to stock investments.
Investors were eager to understand how Berkshire Hathaway plans to utilize its substantial cash reserves. Buffett acknowledged the difficulty of finding attractive investment opportunities but expressed optimism about potential prospects in the coming years. He also addressed the potential impact of tariffs on Berkshire Hathaway's businesses, emphasizing the company's long-term investment philosophy.
Overall, the 2025 Berkshire Hathaway Annual Shareholder Meeting provided valuable insights into the company's future direction and Buffett's enduring investment principles. The event marked a significant milestone, as it was potentially Buffett's last full participation after 60 years of leadership. The meeting underscored Berkshire Hathaway's commitment to long-term investments and its cautious approach to deploying its massive cash reserves.
