Billionaire investor Warren Buffett, talking at Berkshire Hathaway’s annual assembly, expressed curiosity in exploring untapped alternatives within the Indian market. Responding to a question from Rajeev Agarwal of DoorDarshi Advisors about the potential of Berkshire venturing into India, Buffett acknowledged the potential of the Indian financial system because the world’s fifth-largest.
“It is a very good question. I am sure there are loads of opportunities in countries like India,” he mentioned.
“The question, however, is whether we have any advantage or insights into those businesses in India or any contacts that will make possible transactions that Berkshire would like to participate in. That is something a more energetic management at Berkshire could pursue,” the co-founder, chairman and CEO of Berkshire Hathaway added.
Further, the 93-year-old investor mentioned Berkshire has an amazing repute worldwide. About India he mentioned, “There may be an unexplored or an unattended opportunity…but that may be something in the future.”
Buffett mentioned the query is that if Berkshire has some form of benefit in pursuing these unattended alternatives, significantly in opposition to people who find themselves managing different individuals’s cash and getting paid primarily based on belongings.
Moreover, throughout a Question and Answer session, Buffett talked about a few of the key funding selections taken by Berkshire Hathway recently. The outstanding of it being decreasing its stake in Apple.
Buffett clarified that it had nothing to do with the long-term view on the inventory and Apple will in all probability stay one among their largest holdings regardless of the latest slowdown.
Additionally, Buffett endorsed Vice Chairmen Greg Abel and Ajit Jain as appropriate successors to steer Berkshire Hathaway after his departure.
