Warren Buffett Reveals Why He's Not Worried About Fitch's US Downgrade: 'Only Question For Next Monday Is...'
Portfolio Pulse from Shanthi Rexaline
Warren Buffett, the billionaire investor, has stated that he is not concerned about the recent U.S. rating downgrade by Fitch. He said that it does not change anything that Berkshire Hathaway is doing in the market. Despite the downgrade, Berkshire bought $10 billion worth of Treasuries and plans to continue doing so. Buffett also stated that he does not agree with everything the federal government is doing.
August 04, 2023 | 1:22 pm
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Berkshire Hathaway's market activities are not affected by the U.S. rating downgrade by Fitch, according to Warren Buffett. The company continues to buy Treasuries.
Despite the U.S. rating downgrade by Fitch, Berkshire Hathaway continues its market activities as usual. This indicates that the company's strategy and operations are not influenced by the downgrade. Therefore, the short-term impact on Berkshire Hathaway's stock is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100