Buffett Watch

Warren Buffett: Trump? Hillary? Doesn't matter, we'll be fine

Warren Buffett gives a toss at Berhshire Hathaway annual meeting
Warren Buffett gives a toss at Berhshire Hathaway annual meeting

Warren Buffett is not worried about who becomes the next president of the United States.

"That won't be the main problem" for Berkshire Hathaway, Buffett said at the company's annual shareholders meeting, adding the company will "do fine" whether Democratic front-runner Hillary Clinton or Republican candidate Donald Trump win the November elections.

Buffett has been an outspoken supporter of Clinton, and has spoken approvingly about the campaign message of her Democratic challenger, Vermont Senator Bernie Sanders. In February, the Oracle dismissed the doom and gloom of the current election cycle, saying U.S. citizens have a bright future ahead.

The billionaire businessman said Berkshire has operated under all kinds of government leadership, and that good businesses are able to adapt to circumstances. He noted that, even with low interest rates American businesses have kept on finding ways for being profitable.

"The system works very well with aggregate output," he said.

Charlie Munger, Berkshire's vice-chairman, said U.S. GDP figures understate the "real advantage the system has given our citizens."

The U.S. economy grew 0.5 percent last quarter, the slowest since the first quarter of 2014, the Labor Department said on Thursday in its advance estimate.

— CNBC's Alex Crippen and Reuters contributed to this report.