Buffett on investing in NRA-affiliated companies: 'I do not believe in imposing my political opinions on the activities of our businesses'

The Berkshire Hathaway 2018 Annual Shareholders Meeting started off with a high-powered Q&A session Saturday morning with Warren Buffett and Charlie Munger.

Many questions revolved around specific stocks and companies Berkshire Hathaway had invested in, which brought upon the topic of company morals and ethics.

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List of companies cutting ties with the NRA
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List of companies cutting ties with the NRA
Delta

(studioportosabbia via Getty Images)
United Airlines

(superjoseph via Getty Images)

Hertz

(SAUL LOEB/AFP/Getty Images)

Avis Budget Group Inc.

(Patrick T. Fallon/Bloomberg via Getty Images)

TrueCar

(Photo by Andrew Burton/Getty Images)

Metlife

(Photo by Robert Caplin/Bloomberg via Getty Images)

Enterprise

(REUTERS/Arnd Wiegmann)

@enamoredgirl Customer feedback has caused us to review our relationship with the NRA. As a result, First National… https://t.co/uPKwPFMHxo
Allied Van Lines no longer has an affiliate relationship with the NRA effective immediately. We have asked them to… https://t.co/IQlB6e4gzi
northAmerican Van Lines no longer has an affiliate relationship with the NRA effective immediately. We have asked t… https://t.co/VLJCWSldAm
Symantec has stopped its discount program with the National Rifle Association.
@grafinator @NRA Best Western Hotels & Resorts does not have any affiliation with and is not a corporate partner of… https://t.co/eMnkiPN3YW
@iainjgrant Please know, Wyndham is no longer affiliated with the NRA.
Thank you all for your feedback. Paramount Rx issued the statement below. “The prescription discount program that… https://t.co/ZFpIwKlpej
We have made the decision not to renew our discount program with the NRA. We will be asking them to remove our info… https://t.co/4eqO3kUR1W

Chubb Insurance

(Photo credit: Facebook)

Teladoc

(Photo credit: Facebook)

SimpliSafe

(Photo credit: Facebook)

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When posed with a question about investing in companies that support controversial organizations such as the NRA, Big Tobacco and other politically-charged entities, Buffett took a very clear stance on his belief that one's personal beliefs do not necessarily need to correlate with that of the company which they represent:

"I don’t think I’m speaking for Berkshire, I’m speaking as a private citizen. [Berkshire Hathaway has] never made a political contribution and I don’t go to our suppliers or do anything of that sort … I do not believe in imposing my political opinions on the activities of our businesses. I think if you get into what businesses are pure and which are not pure, it is very difficult to make that call."

Munger, on the other hand, joked around a very valid point about needing to be open to policies both sides of the political spectrum:

"We just do the best we can and certainly were not going to ban all guns [when we’re] surrounded by wild turkeys in Omaha!"

The Berkshire Hathaway 2018 Annual Shareholders Meeting will conclude at 6 p.m. EST.

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