Warren Buffett, an Investor, Addresses Important Query Regarding Indian Markets

Mr Buffett’s remarks came at Berkshire’s annual meeting on Friday in response to a question about the possibility of Berkshire exploring in India, the world’s fifth-largest economy. Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked about this potential venture. Buffett acknowledged the question and expressed confidence in the abundance of opportunities in countries like India.

However, he raised the issue of whether Berkshire possesses any advantages, insights, or contacts in Indian businesses that would facilitate their participation in transactions. Buffet, the co-founder, chairman, and CEO of Berkshire Hathaway, noted that pursuing such opportunities in India would require a more energetic management at Berkshire. He also emphasized Berkshire’s great reputation around the world, drawing on his own fascinating Japanese experience.

While he acknowledged the potential for unexplored or unattended opportunities in India, he raised the question of whether Berkshire holds an advantage in pursuing them, particularly in comparison to those managing other people’s money and getting paid based on assets. During a Question and Answer session, Buffett addressed key investment decisions made by Berkshire Hathaway recently. Notably, he discussed the decision to reduce stake in Apple, clarifying that this move was unrelated to the company’s long-term view on the stock, and indicated that Apple would likely remain one of their largest holdings despite the recent slowdown.

He also expressed confidence in Vice Chairmen Greg Abel and Ajit Jain, viewing them as the right people to lead Berkshire after his departure. *Note: This story has been published from a syndicated feed and has not been edited by NDTV staff, except for the headline. *