The legendary head of Berkshire Hathaway says he sees room for stock index funds to run as long as bonds underperform and a "new normal" prevails.
Trump, who has made the economy a key part of his political platform, has repeatedly criticized Federal Reserve chairman Jerome Powell on rate policy.
The former Bond King, long one of the most vocal critics of post-crisis stimulus, now sounds like a near-convert to modern monetary theory.
Passive index funds continued to see strong cash inflows at the expense of actively managed funds.