Thanks Trump. Warren Buffett, America's most famous billionaire, has never been a Donald Trump sympathizer and in the last elections he openly sided with Hillary Clinton, but paradoxically he will have to thank the president of the United States and his reform if his Berkshire was able to close the 2017 financial statements with a profit growth of 87%. Profits that are largely due to Trump's tax reform, which brought Buffett's finance company 29 of the 45 billion in net profits, thanks to the reduction in deferred provision obligations for equity investments.
After all, Trump's controversial tax reform rewards companies rather than favoring individuals and the middle class, even if the hard core of Trump's supporters (workers and white middle class) are convinced that the reform also rewards them by inducing companies investing in America and giving bonuses (also done by Sergio Marchionne's Fita Chrysler) to employees.
With all that cash on hand, the Omaha oracle said his Berkshire would need to make "one or more major acquisitions" but that good acquisitions are hard to come by at this stage.
