The Election Through Warren Buffett's Eyes
Berkshire Hathaway’s many businesses make it a good proxy for corporate America, and a Biden regime could bring change on several fronts. The most important thing is stopping Covid-19.
“Nothing can stop America,” Buffett said. Until Covid-19 did.
Photographer: Bloomberg Daybreak/BloombergWarren Buffett has always taken the stance that regardless of who is president or which party holds power, each generation of Americans will be better off than the one that came before it — even if dark moments test our ability to believe it.
But that’s not to say the outcome of this election doesn’t matter. It’s pivotal for wealthy people like the 90-year-old Buffett, the future profits of Berkshire Hathaway Inc. and the lives of the 392,000 workers his conglomerate employs. Taxes, health care, energy policy and Covid-19 are just some of the big issues on the table, and Berkshire — with interests in a range of industries — is a good proxy to gauge the impact any changes may have on businesses as a whole. Berkshire also shows how none of those other issues can be tackled without first reducing the threat of the coronavirus — because when it spreads, everything stops.