Warren ‘Bet on America’ Buffett Takes His Money Elsewhere
SputnikNews.com
28.02.2015
In his highly anticipated annual letter to Berkshire Hathaway Inc. shareholders, Warren Buffett is expected to recommend investing opportunities abroad, a marked change from his usual cheerleading for domestic investment.
Warren Buffett, known for years as the Wall Street’s cheerleader for America, is reportedly expected to shift his attitude when it comes to choosing where to invest in this year’s eagerly awaited annual letter to shareholders. The letter is highly anticipated by investors on Wall Street, as many look to Buffett, the third-richest man in the world, for investment tips.
The move would come after Buffett bought a German motorcycle retailer manufacturer for 400 million Euros earlier this month.
“Germany is a great market: lots of people, lots of purchasing power and Germans are productive. We also like the regulatory and legal framework.” He said to Handelsblatt, a German newspaper. “I see terrific possibilities in Europe for us.”
The purchase marks a significant turn for Berkshire Hathaway Inc, Buffett’s multinational conglomerate holding company, and to Buffett’s famous “bet on America” narrative.
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