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"We are buying the same shares now that we bought last week," billionaire Warren Buffett told CNBC on Monday morning. "We buy them because they will be good companies in 10 years."
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Before the open market on Monday, & nbsp;Dow futures were down& nbsp; more than 500 points (YM = F) next & nbsp;Threat of President Donald Trump& nbsp; to enforce massive tariffs on hundreds of billions of dollars worth of Chinese goods. "data-reactid =" 16 "> Before the market opened, Dow futures were down more than 500 points (YM = F) Next Threat of President Donald Trump put in place massive tariffs on hundreds of billions of dollars worth of Chinese goods.
Although Buffett acknowledges that the tension between the United States and China – the two largest economies in the world – would be "bad for the whole world," he remains optimistic that both will find a solution.
<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" I think China and the United States absolutely are destined to be superpowers, beyond the lives of my great-grandchildren, and will always be competitors, "& nbsp;Warren Buffett said in an interview with Yahoo Finance. "We just need to make sure that competition will not get us to the point where we do not realize that the brave new world is where the US and China are thriving." "Data-reactid =" 18 "> "I think China and the United States are absolutely destined to be superpowers, beyond the lives of my great-grandchildren, and will always remain competitors," Buffett said in an interview with Yahoo Finance. "We simply need to make sure that the competition does not realize we do not realize that the best world is one in which the US and China thrive."
Warren Buffett, President and CEO of Berkshire Hathaway, speaks at a bridge party after Berkshire Hathaway's annual shareholder meeting in Omaha, Neb., On Sunday, May 5, 2019. (AP Photo / Nati Harnik )
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "During Yahoo Finance & nbspAmerican and Chinese investors forum& nbsp; In Omaha on Friday, business leaders and experts shared Buffett's optimism. And despite the stormy discussions, they were encouraged by the fact that both countries were engaging. "Data-reactid =" 30 "> At Yahoo Finance's US-China Investor Forum in Omaha this Friday, leaders and experts shared Buffett's optimism, and despite the stormy discussions, they were encouraged by the fact that the two countries pledged themselves.
"There was no real mechanism for the two countries to discuss issues," said Professor Jeffrey Towson of Peking University at the forum. "Last year, I think we found that both countries were learning to talk for the first time about significant problems. And I think it will last the rest of our lives and that these two countries will learn to manage their problems. "
For now, investors and traders will face difficulties.
"I do not think conflicts are inevitable," Buffett told Yahoo Finance, warning that the conflicts of the past have sometimes evolved into wars.
"You just have to be sure things do not get worse."
General Meeting of Shareholders of Berkshire Hathaway 2019
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