Catenaa, Monday, May 5, 2025- Warren Buffett ended his storied tenure as CEO of Berkshire Hathaway on Saturday with a stark warning about the long-term health of the US dollar and a cautious outlook on American trade policies.
Speaking at the company’s 60th annual shareholder meeting, Buffett hinted that Berkshire may increase foreign currency holdings if fiscal conditions worsen in the United States.
“Obviously we wouldn’t want to be owning anything that we thought was in a currency that was really going to hell,” Buffett said, emphasizing the risk of future US economic instability.
He also noted that large-scale investments in Europe might lead Berkshire to conduct more financing in foreign currencies.
Buffett officially passed leadership to Vice Chairman Greg Abel, who will now steer the investment giant through a volatile global economic environment.
Addressing a gathering of shareholders, Buffett criticized rising deficits and growing inefficiencies in Washington, while maintaining his optimism for the US economy.
He warned that poor fiscal management could drive the need for alternative currency strategies.
Buffett also warned against global division, arguing that open markets promote both prosperity and peace. He reiterated confidence in equities over real estate and emphasized the need for strategic judgment in investing.
