Berkshire Hathaway has issued a formal statement debunking viral social media claims suggesting that legendary investor Warren Buffett has endorsed certain investment products and political candidates, including former President Donald Trump.
In a clear and strongly worded response issued through Berkshire Hathaway’s official channels, the company stated, “In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates. Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates.”
The company’s clarification comes in response to a viral video shared on social media platform X (formerly Twitter), which falsely asserts that Buffett praised Trump’s economic strategy as the “best economic moves he’s seen in over 50 years.”
The video, which has amassed millions of views, claims Trump is intentionally “crashing the stock market” to strategically reduce interest and mortgage rates- a theory unsupported by any credible economic analysis.
The clip boldly states:
“And this is why Warren Buffett just said, ‘Trump is making the best economic moves he’s seen in over 50 years.’”
The statement has since been widely circulated on X.
Also read: Trump's ally Elon Musk lost $100 billion, but Warren Buffett gained. What's he seeing that no one else is?
Berkshire Hathaway's swift response reiterates Buffett’s long-standing policy of avoiding public endorsements of financial instruments or political figures.
Additionally, Buffett told CNBC that it was important to quickly knock down misinformation and that he is not talking to anybody about the markets, the economy and tariffs between now and Berkshire's annual shareholder meeting on May 3 in Omaha, Nebraska.
Warren Buffett, widely respected as the “Oracle of Omaha,” is known for his investment philosophy that emphasizes long-term value and fundamental analysis, often discouraging attempts to profit from short-term market fluctuations.
This incident comes after President Trump imposed reciprocal tariffs on various nations on April 2. Stock prices in the US fell sharply on Wednesday following Trump’s announcement of sweeping global tariffs that exceeded investor and economist expectations.
In retaliation, China responded on Friday with 34% tariffs mirroring those imposed by Trump on Chinese imports.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
In a clear and strongly worded response issued through Berkshire Hathaway’s official channels, the company stated, “In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates. Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates.”
The company’s clarification comes in response to a viral video shared on social media platform X (formerly Twitter), which falsely asserts that Buffett praised Trump’s economic strategy as the “best economic moves he’s seen in over 50 years.”
The video, which has amassed millions of views, claims Trump is intentionally “crashing the stock market” to strategically reduce interest and mortgage rates- a theory unsupported by any credible economic analysis.
The clip boldly states:
“And this is why Warren Buffett just said, ‘Trump is making the best economic moves he’s seen in over 50 years.’”
The statement has since been widely circulated on X.
Also read: Trump's ally Elon Musk lost $100 billion, but Warren Buffett gained. What's he seeing that no one else is?
Berkshire Hathaway's swift response reiterates Buffett’s long-standing policy of avoiding public endorsements of financial instruments or political figures.
Additionally, Buffett told CNBC that it was important to quickly knock down misinformation and that he is not talking to anybody about the markets, the economy and tariffs between now and Berkshire's annual shareholder meeting on May 3 in Omaha, Nebraska.
Warren Buffett, widely respected as the “Oracle of Omaha,” is known for his investment philosophy that emphasizes long-term value and fundamental analysis, often discouraging attempts to profit from short-term market fluctuations.
This incident comes after President Trump imposed reciprocal tariffs on various nations on April 2. Stock prices in the US fell sharply on Wednesday following Trump’s announcement of sweeping global tariffs that exceeded investor and economist expectations.
In retaliation, China responded on Friday with 34% tariffs mirroring those imposed by Trump on Chinese imports.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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