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Warren Buffett on President Trump, New Market Highs and Industries That Are Too Hard

Credit: The Motley Fool

Warren Buffett is widely regarded as the best investor of our generation.

As the chairman of the American conglomerate Berkshire Hathaway, Buffett has produced a compounded annual gain of 19% in the company’s book value between 1965 and 2016. Shareholders who stuck with Buffett’s company through that period would have turned every dollar invested into almost two million dollars.

Investors who are looking to learn a thing or two from Buffett are in luck. Recently, the Oracle of Omaha shared his views on a number of topics during an interview with CNBC.

1. On how the new US president, Donald Trump, has not changed the way he invests head here

2. On Dow 20,000 and new market highs head here

3. On industries that are too hard

As I’ve mentioned, Buffett has a great long-term track record in investing. But this does not mean that he is an expert at everything investing-related. In fact, Buffett confessed to the following:

“I think retailing is too tough for me.

Just generally, I– we bought an department store in 1966 and I got my head handed to me. I’ve been in various things in retail. B– we bought Tesco over in the– in the U.K. and I– it wasn’t we. I bought Tesco over in the U.K. and got my head handed to me.”

Despite his overall success, Buffett is keenly aware of his own shortcomings. And that is important. Buffett also said:

“… I just decided that I’d look for a little easier game.”

Everyone has their own strengths and weaknesses, even someone as successful as Buffett. When it comes to investing, we may be better off avoiding areas that we are not good at. Or, to borrow Buffett’s words, we may be better off looking for an easier game.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong owns shares in Berkshire Hathaway.