Buffett urges investors to ignore 'prophets of doom' on US

clock

Berkshire Hathaway's Warren Buffett has urged investors to overlook the "prophets of doom" on the US economy, and says now is the time to make significant new investments.

In his annual letter to shareholders, the firm's chairman says he is "itching" to make new acquisitions for his portfolio. "Money will always flow toward opportunity, and there is an abundance of that in America," he says. Buffett says he plans to use some of the company's $38bn in cash to obtain new assets. "Our elephant gun has been reloaded and my trigger finger is itchy." According to its annual report, the firm posted a 43% profit rise last year, boosted by acquisitions and economic improvements. Profits came in at $4.38bn, up from $3.06bn a year ago. Burlington Northern Sa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

 PA Awards 2026: Provider shortlists revealed!

PA Awards 2026: Provider shortlists revealed!

Celebrating excellence in supporting financial advisers

Professional Adviser
clock 19 November 2025 • 2 min read
Advisers urged to 'question' conventional allocation models

Advisers urged to 'question' conventional allocation models

Doug Brodie speaks on investment trusts’ benefits

Isabel Baxter
clock 19 November 2025 • 5 min read
UK inflation falls to 3.6% in October but wider economic backdrop 'remains fragile'

UK inflation falls to 3.6% in October but wider economic backdrop 'remains fragile'

Ahead of Autumn Budget

Linus Uhlig
clock 19 November 2025 • 1 min read