Buffett: This year’s stock market turmoil ‘is really nothing’
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Introduction:
The news topic “Buffett: This year’s stock market turmoil ‘is really nothing'” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.
Quick Summary:
- The S&P 500 is down about 3% this year. At its lows, the index was down over 19% from its record high. Warren Buffett: “This has not been a dramatic bear market or anything [of] the sort” The Oracle of Omaha said surprising things happen in the world and, in turn, in the stock market. “The world is not going to adapt to you. You’re going to have toadapt to the world,” he said. “If it makes a difference to you whether your stocks are down 15% or not, you need to get a somewhat different investment philosophy,” he added. “You need to change what your goals are as an investor,” he told shareholders at Berkshire Hathaway’s annual meeting on Saturday. “It’s a terrible place to get involved” in the market, he said, if you get excited when things look good and afraid when they look bad.
- Revered investor Warren Buffett has announced he wants to retire at the end of the year. Buffett said he would recommend to Berkshire Hathaway’s board that vice chairman Greg Abel should replace him. Previously the 94-year-old Buffett always said he had no plans to retire. Many investors said Abel would do a good job running Berkshire, but it remained to be seen how good he would be at investing Berkshire’s cash. The only board members who knew this was coming were his two children, Howard and Susie Buffett. The news was announced at a meeting of Berkshire shareholders in Omaha, Nebraska, on Saturday. The announcement was met with a prolonged standing ovation from the crowd of thousands of investors who had gathered to hear Buffett’s speech. The meeting was followed by a press conference where Abel responded to the news. He said he was ‘humbled and honored to be part of Berkshire’
- Buffett announced the news at the end of a five-hour question and answer period. Previously the 94-year-old Buffett always said he had no plans to retire. He said he will recommend to Berkshire Hathaway’s board on Sunday that Vice Chairman Greg Abel should replace him. Abel has been Buffett’s designated successor for years, and he already manages all of Berkshire’s noninsurance businesses. But it was always assumed that he would not take over until after Buffett’s death.”I just want to say I couldn’t be more humbled and honored to be part of Berkshire as we go forward,” Abel said.. Thousands of investors in the Omaha arena gave Buffett a prolonged standing ovation after his announcement in recognition of his 60 years leading the company. Buffett pledged to keep his fortune invested in the company, saying he would give it away eventually.
Country-by-Country Breakdown:
Original Coverage
The S&P 500 is down about 3% this year. At its lows, the index was down over 19% from its record high. Warren Buffett: “This has not been a dramatic bear market or anything [of] the sort” The Oracle of Omaha said surprising things happen in the world and, in turn, in the stock market. “The world is not going to adapt to you. You’re going to have toadapt to the world,” he said. “If it makes a difference to you whether your stocks are down 15% or not, you need to get a somewhat different investment philosophy,” he added. “You need to change what your goals are as an investor,” he told shareholders at Berkshire Hathaway’s annual meeting on Saturday. “It’s a terrible place to get involved” in the market, he said, if you get excited when things look good and afraid when they look bad. Read full article
Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year
Revered investor Warren Buffett has announced he wants to retire at the end of the year. Buffett said he would recommend to Berkshire Hathaway’s board that vice chairman Greg Abel should replace him. Previously the 94-year-old Buffett always said he had no plans to retire. Many investors said Abel would do a good job running Berkshire, but it remained to be seen how good he would be at investing Berkshire’s cash. The only board members who knew this was coming were his two children, Howard and Susie Buffett. The news was announced at a meeting of Berkshire shareholders in Omaha, Nebraska, on Saturday. The announcement was met with a prolonged standing ovation from the crowd of thousands of investors who had gathered to hear Buffett’s speech. The meeting was followed by a press conference where Abel responded to the news. He said he was ‘humbled and honored to be part of Berkshire’ Read full article
Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year
Buffett announced the news at the end of a five-hour question and answer period. Previously the 94-year-old Buffett always said he had no plans to retire. He said he will recommend to Berkshire Hathaway’s board on Sunday that Vice Chairman Greg Abel should replace him. Abel has been Buffett’s designated successor for years, and he already manages all of Berkshire’s noninsurance businesses. But it was always assumed that he would not take over until after Buffett’s death.”I just want to say I couldn’t be more humbled and honored to be part of Berkshire as we go forward,” Abel said.. Thousands of investors in the Omaha arena gave Buffett a prolonged standing ovation after his announcement in recognition of his 60 years leading the company. Buffett pledged to keep his fortune invested in the company, saying he would give it away eventually. Read full article
Berkshire Hathaway annual meeting: Buffett to step down as CEO at year-end, recommends Abel take over
Warren Buffett said Saturday he plans to step down as Berkshire Hathaway CEO at the end of this year. Buffett said he will recommend Greg Abel succeed him. The board is set to meet on Sunday, May 4. Abel had been tabbed as Buffett’s successor back in 2021, but he was not clued in on the plan at the time. The weekend’s main event kicked off with the legendary investor taking questions from CNBC’s Becky Quick, Ajit Jain and Berkshire shareholders. The company takes its name from the textile mill it acquired in 1965, and Buffett has served as CEO of Berkshire since 1970. He said that he has no plans to sell any of his shares of Berkshire as part of this transition. The balance of the board will begin the discussion Sunday, and Abel will take questions for a little over two hours. Read full article
Warren Buffett shocks shareholders by announcing intention to retire as CEO of Berkshire Hathaway
Buffett said he will recommend to Berkshire Hathaway’s board that Greg Abel should become CEO at the end of the year. Previously the 94-year-old investor has always said he had no plans to retire. Abel has been Buffett’s designated successor for years and he already manages all of Berkshire’s non-insurance businesses. But it was always assumed that he wouldn’t take over until after Buffett’s death.. Buffett also endorsed him Saturday by pledging to keep his fortune invested in the company. He said the only board members who knew this was coming were his two children, Howard and Susie Buffett. He didn’t take any questions about it and didn’t give any warning to Abel, who was sitting next to Buffett on stage. He also said he has no intention – zero – of selling the company he founded in the 1930s, when it was known as Standard Oil. Read full article
Global Perspectives Summary:
Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.
How did your country report this? Share your view in the comments.
Sources:
- Original Article
- Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year
- Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year
- Berkshire Hathaway annual meeting: Buffett to step down as CEO at year-end, recommends Abel take over
- Warren Buffett shocks shareholders by announcing intention to retire as CEO of Berkshire Hathaway
Source: https://finance.yahoo.com/news/buffett-this-years-stock-market-turmoil-is-really-nothing-153111329.html