In his final appearance as CEO of Berkshire Hathaway, legendary investor Warren Buffett offered a sober warning about the future stability of the US dollar, citing growing fiscal and geopolitical pressures that could undermine its long-term strength.
Speaking at Berkshire’s milestone 60th annual shareholder meeting in Omaha on Saturday, Buffett officially handed over day-to-day leadership to Vice Chairman Greg Abel, marking the end of an era for the $860 billion investment conglomerate.
Addressing a packed arena of thousands of shareholders, Buffett signaled that Berkshire may increasingly turn to foreign currencies—particularly the euro—for financing, especially if it pursues significant investments in Europe.
“If we made a very large investment in a European country, it’s possible we’d finance a lot of it in their currency,” Buffett said. “We wouldn’t want to hold anything in a currency we believed was headed for collapse,” he added, subtly questioning the long-term resilience of the US dollar.
His remarks come amid growing concern over America’s ballooning fiscal deficit and a tighter regulatory environment. Although cautious about the dollar’s trajectory, Buffett reiterated his enduring confidence in the U.S. economy.
“This is still the best place in the world to be,” he said, expressing optimism about America’s long-term investment potential even as global dynamics shift.
Buffett’s retirement as CEO marks a pivotal transition for Berkshire Hathaway, ending a remarkable tenure that spanned nearly six decades. Under his stewardship, the company grew from a struggling textile business into one of the world’s most valuable and admired conglomerates.
