Scott Bessent, CEO of Key Square Capital Management, discussed President-elect Donald Trump’s economic vision and potential role as Treasury secretary during a second term. The historical significance of tariffs as a revenue-raising and protective tool was highlighted, with an emphasis on their use in negotiations with trading partners. Tariffs were also seen as a means to address national security vulnerabilities and achieve foreign policy objectives, while potentially raising significant revenue for the Treasury and not necessarily increasing prices for consumers.
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The Best Warren Buffett Stocks to Buy Now
Warren Buffett has significantly increased his wealth through long-term investments, guiding Berkshire Hathaway to over 5,000,000% returns in 59 years. His largest holding, Apple (NASDAQ: AAPL), with 300 million shares, is a strong investment due to its brand power, robust profits, and growth potential from new AI features and a growing services segment, which now constitutes 21% of its revenue. Berkshire Hathaway, valued at $1.1 trillion with substantial cash reserves, continues to outperform the S&P...
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