Chinese Regulator Applauds Warren Buffett’s Long-Term Approach
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China’s top securities regulator has become a surprising addition to the chorus of voices praising Warren Buffett, after the legendary investor announced his plan to step down as chief executive of Berkshire Hathaway Inc.
Buffett is retiring as CEO “but the fundamental principles of long-term value investing, rational investment, and striving to reward investors will never retire,” Wu Qing, chairman of the China Securities Regulatory Commission, said during a press conference in Beijing on Wednesday.