Warren Buffett's Chilling Climate Change Warning: Is It Time to Sell Berkshire?
Last month, 94-year-old Warren Buffett published his annual letter to shareholders. The yearly letter from the greatest investor of all time typically offers timeless bits of investing and business wisdom, tinged with homespun humor.However, this year's letter had a chilling warning on a subject Buffett doesn't usually address: climate change.Remember, while Buffett is known for his investing, Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) core business is insurance. In fact, it's the insurance business that enables the investing business, as it raises the float for Buffett and his team to reinvest in equities or buy entire businesses.Continue reading
Last month, 94-year-old Warren Buffett published his annual letter to shareholders. The yearly letter from the greatest investor of all time typically offers timeless bits of investing and business wisdom, tinged with homespun humor.
However, this year's letter had a chilling warning on a subject Buffett doesn't usually address: climate change.
Remember, while Buffett is known for his investing, Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) core business is insurance. In fact, it's the insurance business that enables the investing business, as it raises the float for Buffett and his team to reinvest in equities or buy entire businesses.
