Warren Buffett will not endorse any investment products or political candidates, according to a statement on Berkshire Hathaway’s website, aimed at preventing fraudulent claims exploiting his reputation.
The statement highlights the growing number of fake endorsements attributed to Buffett, particularly through social media. “Mr. Buffett does not currently and will not prospectively endorse investment products or political candidates,” the message emphasized.
In an interview with CNBC, Buffett revealed that the statement was partly prompted by a fake political endorsement that appeared on Meta’s Instagram platform. “I don’t even know how to get on Instagram,” he remarked, adding, “Anything they see with my image or my voice, it just ain’t me.”
Though a Democrat, Buffett has supported figures like former President Barack Obama and Hillary Clinton in the past. Investors often try to imitate Berkshire Hathaway’s investment strategies, though Buffett discourages cryptocurrency and advocates for stock index funds.
Now 94, Buffett has led Berkshire Hathaway since 1965, during which the company’s stock has grown by over 5,500,000%.
