Quotes
The tariffs hit the US companies very hard. It is ultimately American consumers that pay the extra bill,
Bai added
Assuming the current global tariff rates, policies, and applications do not change for the balance of the quarter and no new tariffs are added, we estimate the impact to add $900 million to our costs,
he told a quarterly earnings callProtectionism will fail and increasingly isolate the US in the world economy and politics. There are few countries that will accept Trump's approach, even in Europe,
Sachs addedI do think that the more prosperous the rest of the world becomes, it won't be at our expense, the more prosperous we'll become, and the safer we'll feel, and your children will feel someday,
Buffett addedOur periodic operating results may be affected in future periods by impacts of ongoing macroeconomic and geopolitical events, as well as changes in industry or company-specific factors or events,
Berkshire Hathaway said in its quarterly earnings report issued on SaturdayThe pace of changes in these events, including international trade policies and tariffs, has accelerated in 2025. Considerable uncertainty remains as to the ultimate outcome of these events,
said the company
It's a job that I don't want, but a job that should be done, and Congress does not seem to be doing it,
Buffett said, prompting audience applause
Warren is getting old so I wanted to seize the opportunity,
said Wang Yu, who flew from Guangzhou, China and said he lined up at 11 p.m. Friday nightI don't think it's a good idea to design a world where a few countries say, ha ha ha, we've won,
Buffett addedPrices are down this year, risks are up,
he saidI really like to listen to Warren Buffett -- particularly this year with everything that has happened,
Smith said
I’m sure he’s praying that the trade war gets worse. He won’t say that publicly, but Berkshire needs a crisis. I mean Berkshire thrives in crisis,
Bloomstran saidWe should be looking to trade with the rest of the world. We should do what we do best and they should do what they do best,
he saidHe has helped me a lot,
said Liu who traveled from China to attendI think even if he dies, these businesses will retain their value,
Smith said while looking around the 200,000-square-foot exhibit hall filled with booths from Berkshire companies like BNSF railroad, Geico insurance, Pilot truck stops, Duracell batteries and many othersI think we’ll get a more hands-on manager and that could be that a good thing,
Check saidIf I were being born today, I would just keep negotiating in the womb until they said, ‘You could be in the United States,
Buffett saidThis has not been a dramatic bear market or anything of the sort,
he saidI anticipate my stock going down for a while but good businesses and good people will come back,
she saidIt's a big mistake, in my view, when you have seven and a half billion people that don't like you very well, and you got 300 million that are crowing in some way about how well they've done, I don't think it's right, and I don't think it's wise,
Buffett said