For The First Time At A Berkshire Annual Meet, Warren Buffet Answers A Question On India | IN18V

The India, you know, I’m sure there are loads of opportunities in a place like India. And the question is do we have any advantage in either insights into those businesses or contexts that will make possible some some transaction that might when the parties in India wouldn’t particularly want us to participate. I would say that that’s something that a more energetic management at at at Berkshire could pursue because we do have the reputation. Now Berkshire is known, not like it’s known in the United States, but it’s known around the world. And and you know, our Japanese experience has been fascinating in that respect. So there may be an unexplored or unattended to opportunity in that area. Your teachings have not only made us better investors, but more importantly better people. Thank you for that. My name is Rajiv Agarwal and I am from New Jersey. I run an India focus fund called Do Darshi India Fund. My question is related to India. Indian economy and Indian equities have done quite well in the last five, 1020 years. It is the 5th largest economy and will be the third largest in the next few years. My question is, is Berkshire actively looking for opportunities in the Indian equity market and what will allow you to buy anything meaningful there? He definitely sounded a lot more positive when that question for India came up. I think it is quite obvious that he does not have as much expertise on Indian equities or Indian opportunities. But I think the mighty take away is that he is openly, he’s very interested in looking at that opportunity and he wants his folks who will take over from him to really look at that market. I think Indian equities continue to be quite interesting. We feel that Indian equities have a long runway and I think financials in general have not really gone up and you know some of the financials were beaten up today. But in general I think financials can do quite well.