Warren Buffet, CEO and Chairman of Berkshire Hathaway Inc. (NYSE:BRK.B), and commonly known as Oracle of Omaha among the investor community on account of his spot on market predictions, is now showing signs of political clairvoyance too. CNBC reported that while the earthlings are waiting for the presidential election of 2016, the fortune teller has seen the results all too clearly.
“Hillary is going to win, yeah […] I will bet money on it, yeah. I do not do that that easily […],” said Buffet.
Besides the last quip, Buffet sounded sure and there was firmness and certainty in his voice. With a prediction track record as sound as Buffet, which is also evidenced by Berkshire Hathaway Inc. (NYSE:BRK.B)’s success over so many years, one doesn’t fool around with displaying such whole hearted conviction in some outcome as Buffet did. Doing so would not only spoil one’s track record, but also jeopardizes the hard earned respect in the financial community.
According to the CNBC, Berkshire Hathaway Inc. (NYSE:BRK.B)’s CEO foretold America’s future on the 2014 Fortune Most Powerful Women Summit. Buffet’s support for both Barrack Obama and Hillary Clinton six years ago is no secret. Hence, his comments are in no way shocking but the surety in his voice would certainly have made a lot of Republicans uneasy.
It’s not just that Berkshire Hathaway Inc. (NYSE:BRK.B)’s Oracle foretells future but also makes the necessary adjustments. The first and foremost of these are usually in Berkshire Hathaway Inc. (NYSE:BRK.B)’s portfolio. That’s how the uncrowned king of finance works, always a step ahead of the markets, and in this case two years.
As a holding company, Berkshire Hathaway Inc. (NYSE:BRK.B) is always chasing value and with Buffet at the company’s helm the chases don’t usually last long. The predator soon gets bored with the hunt and wants to feast early.
Berkshire Hathaway Inc. (NYSE:BRK.B)’s most recent acquisition was in the form of an auto dealership group called, Van Tuyl.
Free Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.