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Interview: Nebraska governor eyes long-term value investing approach for U.S.-China ties

Xinhua/Yin Bogu

By Xinhua writers Gao Pan, Yan Liang

OMAHA, the United States, May 8 (Xinhua) — As someone who grew up in the city of Omaha in the midwest, Nebraska governor Pete Ricketts believes the United States and China could learn from the city’s legendary investor Warren Buffett, taking a long-term value investing approach to manage their ties.

“The Sage of Omaha has done wonders for the investing community by really helping people think through that idea of value investing for the long term,” Ricketts said of Berkshire Hathaway’s chairman and CEO Buffett on the sidelines of the company’s annual shareholder meeting held at the weekend in Omaha, Nebraska.

Over the past six decades, the 86-year-old Buffett has transformed Berkshire from a struggling textile business into a financial powerhouse with insurance, energy, transportation and manufacturing units through his famous long-term value investing strategy.

Read the full article at Xinhua News.