Warren Buffett, the billionaire investor, had a sobering response to the hysteria surrounding Donald Trump’s election.
“I support any president of the United States. It’s very important that the American people coalesce behind the president,” Buffett told CNN.
Buffett was a vocal backer of Hillary Clinton during the election, and he publicly called on Trump to release his tax returns.
“That doesn’t mean they can’t criticize him or they can’t disagree with what he’s doing maybe. But we need a country unified,” Buffett told the network. “He deserves everybody’s respect.”
“You have to choose between two people and I chose Hillary,” he said on Thursday, adding that her temperament was the reason why he supported her. But he said he understands why Trump won.
Meanwhile, he expects the stock market to keep rising.
“The stock market will be higher 10, 20 and 30 years from now and it would have been with Hillary [Clinton] and it will be with Trump,” Buffett said, reported MarketWatch.
Following the election, the Dow Jones has risen nearly 500 points. According to Bloomberg, Buffet added $5.8 billion to his net worth this week.
Buffett also said he’s not worried about Trump trying to enact the more controversial proposals he mentioned during the election cycle.
“There are a lot of things said in campaigns that don’t happen after the election,” he said, reported CNN.