Warren Buffett, “I Overwhelmingly Support Trump’s Cabinet Picks”

Warren Buffett, “I Overwhelmingly Support Trump’s Cabinet Picks”

Warren Buffett, “I Overwhelmingly Support Trump’s Cabinet Picks”

$BRK.A, $BRK.B

Warren Buffett, 86 anni, said he “overwhelmingly” supports President Donald Trump’s choices for Cabinet positions as the incoming Head of State selections face confirmation hearings in the U.S. Senate.

“I feel that way no matter who is President,” the Berkshire Hathaway (NYSE:BRK.A) Chairman-CEO said Thursday in New York at the premiere of a documentary about his life. “The CEO should have the ability to pick people that help you run a place.”

“If they fail, then it’s your fault and you got to get somebody new,” Mr. Buffett said. “Maybe you change cabinet members or something.”

Previously, Mr. Buffett backed Hillary Clinton, and he clashed with Donald Trump scolding him on behalf of Mrs. Clinton for not releasing income-tax returns.

Presient Trump’s cabinet picks include Treasury Secretary nominee Steven Mnuchin, a former Goldman Sachs Group Inc. banker; former Exxon Mobil Corp. CEO Rex Tillerson as secretary of state; and retired Marine Corps General James Mattis as Defense secretary.

Since the election, Mr. Buffett has struck a more conciliatory tone toward Donald Trump and called for unity. In in November, he said that people could disagree with the President Elect, but ultimately he “deserves everybody’s respect.”

 

Mr. Buffett spoke on the Red Carpet at the Museum of Modern Art in New York. The documentary, “Becoming Warren Buffett,” chronicles how the billionaire investor amassed one of the world’s largest fortunes and later decided to give the bulk of his wealth to charity.

The film will air this month on HBO.

The Berkshire CEO said he hopes Americans are kept safe during the Trump Administration, particularly in view of possible aggression from North Korea. And he said he’s looking for “the people that have not participated in our incredible prosperity” to have a chance to do better.

“If they work 40 hours a week, they should have a decent life,” Mr. Buffett said. “That’s the most important thing in terms of the economy.”

Symbol Last Trade Date Change Open High Low Volume
NYSE:BRK.A 239120 19 January 2017 -1580.00 241000 241500 238730 100
HeffX-LTN Analysis for BRK.A: Overall Short Intermediate Long
Neutral (0.08) Bearish (-0.26) Neutral (0.08) Bullish (0.42)

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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