Legendary investor Warren Buffett has refuted claims that he supports President Donald Trump's supposed strategy to deliberately crash the stock market. The rumors gained traction after Trump shared a video on his Truth Social platform suggesting Buffett's endorsement of the plan.
Buffett issued a statement on Friday, firmly denying any involvement or agreement with such a strategy. He emphasized his long-standing commitment to the stability and growth of the American economy. The denial aims to quell concerns among investors and the public following a period of market fluctuations and increased political tensions.
'I want to be clear: I do not support any plan to intentionally destabilize the stock market,' Buffett stated. 'My focus remains on long-term, sustainable economic growth and responsible investment practices.'
The spread of misinformation on social media has become a growing concern, particularly in the realm of finance and politics. This incident highlights the importance of verifying information and relying on credible sources before drawing conclusions.
Buffett Refutes Trump's Claim of Market Crash Endorsement
Warren Buffett publicly denied rumors circulating on social media that he supports President Trump's alleged plan to intentionally crash the stock market. The denial came after Trump shared a fan-made video on Truth Social promoting the conspiracy theory. Buffett stated he has not endorsed any such strategy. This follows a period of increased market volatility and heightened political rhetoric.
Source: Read the original article at NBC