Buffett remains optimistic about strength of the US economy
Famed investor Warren Buffett has said that the election of Donald Trump does not affect his long-term outlook for the strength of the economy in the United States, and he maintains that he is still buying the same stocks he was before the former reality television star's shock victory last month.
Buffett added in his interview with Fortune that he would continue to invest in renewable energy technology, despite fears that Trump will reduce spending in the area.
The Berkshire Hathaway chairman supported Trump's opponent Hillary Clinton throughout the presidential campaign and was at loggerheads with the Republican over the release of tax returns leading up to the election.
"The aggregate output of this country per capita is going to keep going up," Buffett told the publication. "Now who gets it depends on what government decides in terms of tax laws and all that. But America will be a wealthier country per capita five years from now, ten years from now, and twenty years from now."
When Buffett was asked specifically about the stock market, and whether it would match the economy in gaining over the long term, he argued that that it would.
"Long-term, the stock market is going to be higher [...] The stocks we were buying and selling the day before the election were the same stocks we were buying and selling the day after [the] election."
The billionaire investor was non-committal about how Trump's policies will particularly affect the market.
"I'm not looking at it. I don't know what the market's going to do at all. Never have, never will," Buffett added.