Photo = REUTERS
Warren Buffett, chairman of Buckshire Hathaway (pictured), adhered to long-term optimism about the US economy, saying, “Don’t invest in the US.”
On the 27th (local time), in an annual letter to investors, Chairman Buffett said, “The United States faced serious challenges at times, but it has achieved a marvelous economic development, and stories of success overflow from 232 years of history.” It is our firm conclusion that we should not make any investments.”
He said, “Buckshire Hathaway is the company with the most assets such as real estate, factories, and facilities in the United States,” he said. “I believe that the US will grow further.” The amount of fixed assets in the US owned by Buckshire Hathaway amounts to 154 billion dollars (about 173 trillion won) after depreciation.
Chairman Buffett advised investors on the day that “this is not the time to invest in bonds.” “The world’s bond investors are facing a grim future,” he said. “In Germany and Japan, bond yields are negative.” He pointed out that “the yield of US 10-year Treasury bonds, which was 15.8% in September 1981, was only 0.93% at the end of last year.” Reuters reported on the day, “Even in the midst of the stock market fluctuating as the US Treasury yields rose last week, Chairman Buffett warned us to avoid bonds.
Chairman Buffett said in a letter, “Buckshire Hathaway, BNSF, and Apple are the top three stocks of Buckshire Hathaway.” BNSF is an American railroad company acquired by Buckshire Hathaway in 2010. Buckshire Hathaway has invested in Apple since 2016 and bought stock for the next two years. Buckshire Hathaway’s investment in Apple was $31.1 billion (about 35 trillion won), and the value of Apple’s stock surged, raising the valuation to $120 billion (about 135 trillion won).
Chairman Buffett said, “Last year, Bugshire Hathaway sold a portion of Apple’s stock and made up 11 billion dollars (about 12 trillion won). “
Buffett said last year that Buckshire Hathaway bought a record-high $24.7 billion (about 27.81 trillion won) of treasury stock.
Reporter Sun Han-gyeol [email protected]
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