Warren Buffett has always captured people’s attention, not just because of his success as an investor but because of his cautious and thoughtful approach to almost everything. This time, however, he’s surprising everyone with his take on the 2024 U.S. presidential election.
Buffett, often called the “Oracle of Omaha,” has been mostly neutral regarding politics for years. In past elections, he has supported Democrats, including Hillary Rodham Clinton in 2016 and Barack Obama in 2008 and 2012, but he stayed out of the 2020 race and made it clear he wasn’t endorsing anyone. Many people thought Buffett would once again sit on the sidelines for 2024. But it looks like he has finally decided to break his silence.
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He has made it clear he’s not endorsing Vice President Kamala Harris, former President Donald Trump or any other candidate. In a time of deep political division, Buffett has decided that staying out of the game is his best move.
His company put a statement on Berkshire Hathaway’s website, saying, “In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett’s endorsement of investment products as well as his endorsement and support of political candidates.” It continues, “Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and support political candidates.”
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Buffett also spoke about his decision to CNBC, clarifying that he is worried about misinformation. He wants people to know that any claims about him backing a particular candidate are untrue. “I’m worried about people impersonating me and that’s why we put that on the Berkshire website. Nobody should believe anybody saying I’m telling them how to invest or how to vote,” Buffett explained.
This might be a letdown for some of his neighbors in Omaha who were hoping to see a “blue-dot” sign in his front yard – a symbol of Democratic support in a neighborhood that’s mostly Republican. Interestingly, while Buffett has chosen to stay quiet, his daughter seems to be taking a different approach, with two blue-dot signs already in her yard.
