Warren Buffett is not supporting Kamala Harris in the presidential race against Donald Trump. The Berkshire Hathaway CEO endorsed Hillary Clinton in 2016 and held a fundraiser for Obama. Buffett said he didn’t want to risk hurting employees or shareholders by expressing his opinion. View.
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Warren Buffett does not support Kamala Harris or Donald Trump, and this week made it clear that he would not publicly support either presidential candidate.
A statement posted this week on Berkshire Hathaway’s website said: “Mr. Buffett does not currently endorse any investment products and will not in the future endorse any investment products or endorse or support any political candidates. “We will not do so,” said a statement posted on Berkshire Hathaway’s website this week in response to fraudulent social media claims about the investor.
This may seem surprising since Berkshire’s CEO has supported Democratic presidential candidates in the past. Organizing a fundraiser for Barack Obama in 2011 and Hillary Clinton in 2016, refusing to release bankrupt businesses and tax returns, telling others He once took to the stage at a rally to criticize Donald Trump for treating him rudely.
But the 94-year-old billionaire explained why he’s keeping his mouth shut now at Berkshire’s 2022 annual shareholder meeting. Buffett said he has learned that “you can make far more people persistently angry by talking than you can temporarily make them happy.” Any theme is fine. ”
Sharing his opinions on divisive topics could arouse public anger, lead to boycotts or protests against Berkshire companies, result in the firing of employees, and harm Berkshire stockholders. . Buffett said employees and investors shouldn’t have to pay a price for expressing his opinion.
“So I just stepped back. Basically, I don’t want to say anything that would be seen as Berkshire’s fault, and I don’t want anyone else to bear the consequences of what I said,” he said.
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This explains why Buffett has not expressed his support for Harris. He also did not endorse Joe Biden, who reportedly told Wall Street executives in October 2020, “I just got off the phone with Warren Buffett.” That’s what it means.
It’s also possible that Buffett is talking to Harris behind the scenes.
As a prominent investor, prominent philanthropist and CEO of a $1 trillion company with about 400,000 employees, his support is particularly strong considering the electoral contest in his home state of Omaha. This could prove valuable to Harris. But Buffett puts his company ahead of personal politics.
