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Berkshire Hathaway: "Donald Trump posted a fake quote from Warren Buffet on social media today"

Old_JoeOld_Joe
in Other Investing
Following is a short current report in The Guardian:

Berkshire Hathaway released a statement that essentially says Donald Trump posted a fake quote from Warren Buffet on social media today.
A video posted on X that Trump reposted on Truth Social said that Trump is crashing the stock market on purpose, supposedly to get the Federal Reserve to cut interest rates.

“This is why Warren Buffett just said Trump is making the best economic moves he’s seen in over 50 years,” the video says.

In a statement to CNBC, Berkshire Hathaway, Buffett’s company, said: “There are reports currently circulating on social media (including TikTok, Facebook and TikTok) regarding comments allegedly made by Warren E Buffett. All such reports are false”.

We’re likely going to see a lot of attempts from Trump and his administration to reframe the situation on Wall Street in the coming days. Keep in mind that in early March, when Trump was asked whether he could confirm that the country wasn’t heading into a recession because of his tariff policies, Trump said: “I hate to predict things like that”.

Comments

  • Sven
    “This is why Warren Buffett just said Trump is making the best economic moves he’s seen in over 50 years,” the video says.
    Bold letters highlight the non-sense Trump is sprouting.

    Buffet has more than half of Berkshire asset in CASH since he took profit in mid 2024. When the market is in deep recession, there will be plenty of buying opportunities for Buffet.
  • a2z

    given warren's penchant for character, his wealth, and his age, why is not attempting to legally and financially cripple crush any and all sources tied to this? is he a coward? does he really care about the country?

    what's the point of , just greed?
  • gman57
    He's 94 years old!! Let's forgive him if he doesn't challenge Trump to a fist fight. He's done his talking already with his actions. 94 years old!!
  • a2z

    94? so what? how many fanboys have asked him to step down from running one of earth's largest companies?

    no one asked for a fistfight, and not even waiting for sexual assault. just use a little juice to defend himself and do what's right so that it's certain not to happen again. even 'poor' musicians had enough gumption to defend themselves.
  • WABACWABAC
    Buffet was clear enough several weeks ago when his comments were among those that convinced me to cash out. Compared to the stuff a lot of people were putting out, he was setting his hair on fire when he compared the coming tariffs to a declaration of war.
  • Sven
    Most likely Buffet has a long buy list and patiently waiting for the right price. Think there is more pain to come.
  • gman57
    edited April 4
    He did put out a statement that the quote attributed to him was false. Oops, just repeated the first post on this thread.
  • Old_JoeOld_Joe
    Yes, that's quoted in the original post, above.
  • CharlesCharles
    edited April 4
    Yesterday, BRKA held up well. Not so much today. Probably because of the Recession word.
  • Sven
    Those who short S&P 500 are doing well.
  • CharlesCharles
    Indeed.
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