The Berkshire Hathaway chairman, speaking at an annual shareholders' meeting in Omaha, Neb., said his federal income taxes past year would have gone down 17 percent had the new law been enacted.
The Berkshire Hathaway chairman, also known as the Oracle of Omaha, said he'd immediately "hop on a plane" to India if the right investment opportunity came up.
"These are powerful, powerful ideas with big potential, and he's executed", Buffett said.
Warren Buffett, Berkshire Hathaway chairman and CEO, shares his thoughts on economic growth in the U.S.
It's hard to say exactly how much Berkshire Hathaway would benefit from a major tax cut. Most of Berkshire's revenue comes from the USA, so it would expect a large benefit from lower taxes.
Buffett said: "We've had a lot of (tax cuts) in our lifetimes - it's certain that some of a lower corporate rate would be competed away, and it's sure that some of it would inure to the benefit of shareholders".
On Sunday morning, almost 3,000 people ran in a 5K race through downtown that was sponsored by Berkshire's Brooks Running subsidiary.
Buffett said a CEO's natural tendency is to first defend his employees, but that should not have been the case if Munoz had seen the video.
Earlier this week, Buffett announced that Berkshire Hathaway had dumped about a third of its IBM stock.
Buffett said it was a "a huge, huge, huge error" for the company to ignore complaints or send them "back down to somebody down below" rather than elevate them.
Buffet rightly explained during Berkshire Hathaway's annual meeting on Saturday that if driverless cars do become extremely widespread, it will only be due to their high safety relative to passenger vehicles.
Though Berkshire's dozens of companies operate independently, its strong culture and managers help minimize problems, Mr. Buffett said. Previous year the shares rose more than 23%, nearly twice the rise in the S&P 500 (plus reinvested dividends) and the 10.7% rise in the book value of Berkshire Hathaway shares.
I'll be taking a look primarily at the "Buffett factor" and why buying into Apple may still be a good idea, even at current elevated levels.
Will be in India if I feel there is a good value company for sale, Buffett said.
Munger said the current health system gives US companies a big disadvantage in competing with other manufacturers.
Bogle attended Berkshire's meeting Saturday after Buffett praised him in his annual letter to shareholders this year.
The billionaire financier made the comments in an interview Monday morning with CNBC.
At Berkshire's annual meeting Saturday, Buffett is the celebrity that everyone wants to get close to. When Buffett toured the exhibit hall, he was surrounded by a pack of reporters, shareholders and security officers.
Dozens of companies Berkshire owns set up booths in an adjoining 200,000-square-foot exhibit hall to sell their products and take questions about their businesses.