Warren Buffett Blasts Trump on Immigrants and How the Law Works

Wednesday, October 16, 2013
Fortune The Most Powerful Women
Washington, D.C., USA

Warren Buffett, Chairman and CEO, Berkshire Hathaway Inc.
Interviewer: Carol Loomis, Senior Editor at Large, Fortune

Photograph by Stuart Isett/Fortune Most Powerful Women

Billionaire Warren Buffett is showing his political opinions as part of his annual shareholder letter he just issued, blasting President Trump on immigration and how the law is expected to work.  Buffett continually shows that he believes in more than holding on to his money and the knowledge that’s made him successful, and for this, people seek his insight. Every year, following his letter to investors, Buffett hosts the annual meeting where shareholders tap into his brain, one that’s regarded as the best minds in the world and thus, worthy of asking almost any questions imaginable.

This year, he’s answering political questions in advance of the meeting.  Buffett shares in the letter: ‘Our efforts to materially increase the normalized earnings of Berkshire will be aided – as they have been throughout our managerial tenure – by America’s economic dynamism. One word sums up our country’s achievements: miraculous. From a standing start 240 years ago – a span of time less than triple my days on earth – Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers’

Buffett, in clear opposition to President Trump’s belief, recognized that it is important for America to embrace immigrants, as it is immigrants, more than naturally born US citizens, that will start businesses to continue to drive America’s economic success.

Buffett also shares that, in order for America to continue to successful as a free nation, law must applied to everyone. No matter the most wealthy, highest in power, or those who are working hard to pay the bills, everyone is entitled to justice. The fact that it costs a lot to have a strong defense with attorney and legal fees, it’s clear that Buffett, a man of self-made wealth, takes a clear different stance than President Trump, who is doing absolutely noting to fix this issue that favors the wealthy.

What more will Warren Buffett share during the meeting this year?  For the second year in the row, Yahoo Finance will live stream the meeting — check it out to see what else he might say about Trump.

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