There are ‘ambiguous’ opportunities in India – Warren Buffett

Washington: Billionaire investor Warren Buffett said there are “undiscovered” opportunities in the Indian market, which his group holding company, Berkshire Hathaway, would like to explore “in the future”.Buffett’s comments came at Berkshire’s annual meeting on Friday, when Indian equities Rajeev Aggarwal of Dordashi Advisors, a US-based hedge fund that invests, asked him about the possibility of Berkshire exploring in India, the world’s fifth-largest economy. “That’s a very good question. I’m sure there are a lot of opportunities in countries like India.” “However, the question is whether we have any advantage or insight into those businesses in India or any contacts that would make possible transactions in which Berkshire would want to participate. This is something that a more energetic management at Berkshire could adopt,” said the co-founder, chairman and CEO of Berkshire Hathaway. Buffett, 93, said Berkshire has a very good reputation around the world. He added, his Japanese experience Has been quite fascinating.

“There may be an unknown or unattainable opportunity … but that may be something in the future,” he said of India. Buffett said the question is whether Berkshire has any kind of leverage in pursuing those unattainable opportunities. advantage, especially against people who are managing other people’s money and getting paid based on assets. During a question-and-answer session, Buffett discussed some of the major investments Berkshire Hathaway has recently made. Answered many questions related to the decisions. Certainly reducing the stake in Apple was one of the major topics. Buffett made it clear that this has nothing to do with the long-term outlook on the stock and that Apple will probably remain one of his largest holdings despite the recent downturn. He also told shareholders that Vice Chairman Greg Abel and Ajit Jain have Has proven himself to be the right person to lead Berkshire after leaving.