“We bought shares for $ 12 billion since the presidential election,” said the billionaire investor in an interview with Charlie Rose, which appeared on TV on Friday.
Purchases of this magnitude indicate an increase in the activity of the Warren Buffett Foundation. In the first 9 months of last year, Berkshire bought securities worth $ 5.2 billion and sold about $ 20 billion, and in 2015 the purchase was valued at $ 10 million.
After the victory of Donald Trump in the US elections in November, the shares began to grow, awaiting incentives from the new administration. On Monday, however, this euphoria subsided somewhat after the immigration law came out.
During the interview, Buffett noted that he doubts that US GDP will grow by 4% per year, as Trump hopes.
In November, Berkshire unveiled its portfolio at the end of the third quarter, which included shares of American Airlines Group Inc., Delta Air Lines Inc., and United Continental Holdings Inc.
In the same month, the investor noted that he had bought a stake in Southwest Airlines Co.
Such investments aroused general interest, since Buffett was always very critical about the aviation sector. On Monday, the shares of airlines collapsed, amid concern that the ban on entry into the United States for citizens of 7 Muslim countries may cause tightening of restrictions for flights.
The shares held by Berkshire at the end of December will be made public next month. As of September 30, the company’s portfolio was valued at $ 102.5 billion.