During the annual meeting, Warren Buffett talks about Berkshire Hathaway’s interest in the Indian market and investment potential.
US billionaire investor Warren Buffett stated that his conglomerate holding firm, Berkshire Hathaway, would want to look into the unexplored opportunities in the Indian market in the future.
Speaking on Friday at Berkshire’s annual meeting, Buffett was questioned about the potential of Berkshire conducting research in India, the fifth-largest economy in the world, by Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities. “That is an excellent question. He remarked, “I’m sure there are lots of opportunities in places like India.”
But the real question is if we have any insider knowledge of those Indian companies, any advantages, or any contacts that could help Berkshire engage in possible contracts. That is something that Berkshire Hathaway’s more driven management may look into, according to the company’s co-founder, chairman, and CEO. Berkshire has an excellent reputation worldwide, according to Buffett, who is ninety-three. Indeed, he remarked, his time in Japan had been engaging. He stated of India, “There might be an opportunity that is not yet realized or employed, but that might come up in the future.”
Whether Berkshire has an advantage over others who manage other people’s money and get paid based on assets is the question, according to Buffett, when it comes to grabbing such uncontested possibilities. Amidst a Q&A session, Buffett responded to multiple queries concerning some of the most significant investment choices that Berkshire Hathway has made recently. One of the main points was deciding to sell off parts of Apple.
Apple is still likely to be one of Buffett’s largest holdings despite the recent slowdown, and he highlighted that it had nothing to do with the long-term outlook for the company. Also, he informed the shareholders that Vice Chairmen Ajit Jain and Greg Abel had shown they were qualified to take over as leaders of Berkshire following his departure.
