OMAHA, May 2 (Xinhua) -- Warren Buffett, Berkshire Hathaway's chairman and chief executive told its shareholders on Saturday that value investing applied to all markets, and more speculative forces were seen in Chinese market.
In answering a question from a Chinese investor at the company' s 50th annual shareholder meeting held in Omaha of Nebraska, Buffett said "investment principles do not stop at borders".
If he was investing elsewhere, he would use the same sort of principles outlined in Benjamin Graham's "the intelligent investor " that he did in the U.S., he added.
Commenting on China's stock market where the market value almost doubled in months, Buffett said there might be more speculative influences in China because it was a relatively new investing environment.
Charles Munger, the company's vice chairman took it a step further by saying he thought China would be better served taking a value approach versus speculation. "I don't think value investing will ever go out of style," he added.
More than 40,000 Berkshire Hathaway shareholders gathered in Omaha to celebrate the 50-year successful run of Buffett and his partner Munger of one of the most profitable companies in the world. The annual meeting is also known as Woodstock for Capitalists.
Berkshire Hathaway reported on Friday that its first-quarter profit rose 10 percent helped by its railroad and insurance businesses and gains from derivatives. Editor: Tian Shaohui