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Buffett’s comments came at Berkshire’s annual meeting on Friday while answering a question from Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities read more
 "Warren Buffet sees 'loads of opportunities in countries like India', calls them 'unexplored', 'unattended'")
(File) Berkshire Hathaway chairman and CEO Warren Buffett. AP
Amid the tumultuous swings in the markets triggered by global sentiment in indices and the ongoing Lok Sabha elections, billionaire investor Warren Buffett recently expressed confidence, stating that he sees ’loads of opportunities in countries like India’ – a reassuring tune for Indian investors.
Buffett’s comments came at Berkshire’s annual meeting on Friday while answering a question from Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, if Berkshire was keen to explore the Indian markets. The 93-year-old market mogul said that there might exist “unexplored or unattended opportunities”, but he suggested that those could be something to consider in the future. He also mentioned that opportunities do exist.
Buffett mentioned that Berkshire enjoys a strong reputation globally, which he believes could aid in this endeavour. Reflecting on his experience in Japan, which he found “fascinating”, he noted that last year, Berkshire invested in five trading houses in Japan due to their significant undervaluation and promising cash flows. Apart from these ventures, Berkshire’s investments have primarily been within the United States. One notable exception was the acquisition of shares in the Chinese electric vehicle manufacturer BYD.
Buffett reiterated the dilemma facing Berkshire, questioning whether the company possesses any advantage in pursuing those unattended opportunities, especially in comparison to individuals managing others’ finances and receiving compensation based on assets. He noted that many individuals in the industry are acquiring and managing businesses, potentially becoming wealthy regardless, as their compensation may be tied to the quantity rather than the quality of their acquisitions.
Oracle of Omaha warns against AI frauds
Buffett also warned shareholders that AI scams might skyrocket, potentially becoming the most lucrative industry, while also recounting a recent encounter with an AI-generated fake video of himself, emphasizing its deceptive capabilities.
The ‘Oracle of Omaha’ is a nickname for Buffett who is called this because of his extraordinary investment prowess and his long-standing association with Omaha, Nebraska, where his company Berkshire Hathaway is headquartered.
‘Woodstock for Capitalists’
Buffett is often regarded as one of the most successful investors in the world, and Berkshire Hathaway, the conglomerate he leads, is a testament to his investment philosophy. Buffett’s approach is grounded in value investing, which involves finding undervalued companies and holding onto them for the long term. Berkshire Hathaway’s portfolio includes a diverse range of investments from insurance companies like GEICO to consumer goods companies like Coca-Cola.
Buffett’s annual letters to shareholders are eagerly anticipated by investors and provide insights into his thinking and approach to investing. He famously avoids investing in businesses he doesn’t understand and focuses on companies with strong competitive advantages and solid management teams.
Berkshire Hathaway’s annual shareholder meetings, often referred to as the “Woodstock for Capitalists”, attract thousands of investors and enthusiasts eager to hear Buffett’s wisdom firsthand.
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English (US) ·