Here’s Why Warren Buffett and Berkshire Hathaway May Change Their Investing Strategy With Donald Trump as President
It may seem like a bit much that a legendary company like Berkshire Hathaway (BRK.A -0.57%) (BRK.B -0.40%), led by Warren Buffett, might change its investing strategy solely based on who is in the Oval Office, but he has already given a fairly clear answer on this subject. If there is such a change in strategy, it would be based on just one thing: taxes.
If Vice President Kamala Harris had won the presidency, there was a fairly high likelihood that the corporate tax rate would have been increased from its current 21%. Now that Donald Trump has won, the tax rate will almost certainly stay at most at the current 21% rate. So, how does that change Berkshire Hathaway’s investing strategy? It…
